Cement News tagged under: international
Cement firms add 3.65Mt of fresh capacity, India03 July 2006, Published under Cement NewsCement companies in India have registered fresh capacity additions of 3.65Mt during Apr-Jun 2006 (about 7Mt for whole year 2005-2006). This has increased the total installed capacity of the Indian cement industry to 164Mt. Of the 3.65Mt new capacity, Tamil Nadu has added 2.27Mt, while Himachal Pradesh and Madhya Pradesh have added the remaining capacity. Among the cement companies, Dalmia Cements has added 2.27Mt capacity during Apr-Jun 2006 thereby increasing its total capacity to 3.50Mt. J... |
Gresik to construct new plant on Java, Indonesia30 June 2006, Published under Cement NewsPT Semen Gresik says it will start constructing a cement plant on the island of Java next year at a cost of IDR2.802 trillion. A written statement says the new plant, due to be completed in 2011, will have a capacity of 2.5Mta of cement, raising the company’s total capacity to 15.82Mt. Internal cash will cover 35 per cent of the cost and a loan from a bank or other financial institution will cover the rest. In the new plant’s first year, the company’s sales volume is expected to in... |
Chettinad Cement completes merger of two subsidiaries, India30 June 2006, Published under Cement NewsChettinad Cement Corporation Ltd (CCCL) today said its two wholly-owned subsidiaries have completely merged with the company, following the approval of the scheme of amalgamation by Tamil Nadu High Court. The two subsidiaries - Alagappa Cements Pvt Ltd and Valliammai Limes Pvt Ltd - have been duly amalgamated with the Chennai-based company, a part of South India Corporation, it informed the stock exchanges. The Tamil Nadu High Court had issued an order to this effect on June 13 in Che... |
Cement expansion moves ahead, South Africa30 June 2006, Published under Cement NewsThe growth in the South African economy and continued high demand in both the residential and non-residential building sectors has boosted cement volumes to record levels. After two decades of little or no investment, South African cement producers have announced multibillion-rand plans to increase capacity to incorporate the forecasted 8% a year rise in cement production over the next few years. This figure, as indicated by the Cement and Concrete Institute, an industry body, may very wel... |
RATM to expand production, Russia30 June 2006, Published under Cement NewsThe RATM group has announced it will start construction of a second line at Iskitimcement, Russia. The new line will have a capacity of 1.3Mta with an investment of around US$120m. RATM will finance under 30 per cent of the cost by itself and tap banking loans for the remainder. |
Birla to set up cement unit in Jharkhand, India30 June 2006, Published under Cement NewsBirla Corporation has informed the Jharkhand government that it was keen to set up a 2Ma cement plant in in the state of Jharkhand at an investment of Rs 1,000 crore. The company’s Senior Joint President PC Nalwaya and Managing Director KC Mittal met Jharkhand Chief Minister Arjun Munda at the state capital recently and placed the proposal. |
Cement prices should drop shortly, Guyana30 June 2006, Published under Cement NewsGovernment is expecting that the price of cement will significantly be reduced shortly, following a response by the Venezuelan government to a request made earlier by Guyana to receive imports. At a post-Cabinet press conference, President Bharrat Jagdeo disclosed that Cabinet discussed Venezuela’s response. The government had requested additional supplies from Venezuela, which will hopefully increase the supply to Guyana and reduce the price charged for cement. Cement should be retailed a... |
Mumbai cement prices cut marginally, India30 June 2006, Published under Cement NewsCement prices have come down by Rs2-4 per bag in Mumbai even as the first shower of monsoon lashed the city. The price of a cement bag in Mumbai is around Rs 245 now. Industry players say that the price cut came as a normal course of action but not as a result of the government’s pressure in the recent months. Analysts termed the price cut a correction rather than the effect of the monsoons. However, an analyst said the price reduction was not announced by the companies but was a mo... |
Govt may agree to Cemex share sale29 June 2006, Published under Cement NewsThe government may agree to the plan by Mexican-based cement giant Cemex SA to sell part of its stake in local cement maker PT Semen Gresik (SG) to the Rajawali Group. "Basically, there is no problem with Rajawali," State Minister for State Enterprises Sugiharto said Wednesday. He added that during a hearing last night, the House of Representatives had urged the government not to pass up on the opportunity presented by Cemex’s plan to sell some of its shares in SG, subject to three condit... |
Semen Batam conducts production trials29 June 2006, Published under Cement NewsPT Semen Batam is conducting trials to produce 4000tpd of cement to be marketed on domestic level. The company, which was established in 2002 and has a market orientation for export, is an affiliate of Bosowa cement business group from Makassar. Project Manager of PT Semen Batam, Taufik Munier Day, notes that Semen Batam ( a grinding operation) tried to produce cement for domestic consumption in Batam, Palembang, and Pontianak. He continued that domestic needs for cement at the momen... |