Cement News tagged under: international
Cement firm expect boost from private sector29 June 2006, Published under Cement NewsThe prospect of high borrowing costs in the Philippines, which could dampen construction spending, does not worry the industry right now, an official of a major cement manufacturer said yesterday. Instead of worrying about a possible rate hike, the cement executive said they are more concerned on government spending less on construction. "If it’s a modest rate increase, we are not that worried," he said yesterday after the company’s annual stock meeting. When pressed to quantify the hik... |
Gresik to construct new cement plant on Java29 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 2.802 trln rupiah. The new plant, due to be completed in 2011, will have a capacity of 2.5Mt of cement per year, raising the company’s total capacity to 15.82Mt per year, XFN-Asia reported quoting a written statement. 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 ... |
China cement sector reduces losses29 June 2006, Published under Cement NewsThanks to increasing demand for cement due to rapid growth of fixed assets investment and export increase, the amount of loss suffered by China’s cement industry has dropped by a large margin. According to a report of the State Information Center Economic Forecast Department, China’s cement industry generated 86.611 billion yuan in industrial output value in the first four months of this year, up 28.5 per cent year on year, and the growth is 25.4 percentage points higher than in the same per... |
Adis Ababa considers reopening plant29 June 2006, Published under Cement NewsFaced with a chronic cement shortage that risks derailing condominium construction, an expert committee of the Addis Ababa City Administration is seriously considering re-opening the Addis Ababa Cement Factory, 10 years after it was closed for environmental reasons. The expert committee was formed by the City Administration Housing Agency and Mugar Cement Factory to assess options in tackling the current shortage. The Administration is the largest consumer of cement and plans to construct 1... |
Eleven companies now produce cement in Azerbaijan29 June 2006, Published under Cement NewsThe Azerbaijan State Agency for Standards, Metrology and Patents (SASMP) has awarded certificates to Mineral LLC and Azerit JSC to produce cement this year. Eleven companies produce it in Azerbaijan. Their total annual output is 1.5Mta Only three companies producing cement have their own laboratories, while the others have their output examined in other authorized laboratories. This year SASMP has banned the sale of the cement produced by Credo Company, because this company violated the rul... |
Heidelbergcement eyes stake in Mysore Cements28 June 2006, Published under Cement NewsGermany’s Heidelbergcement AG is close to buying a stake of around 30 per cent in Mysore Cements Ltd for INR2.5bn, according to local news reports, citing sources close to the development. Mysore Cement officials declined to comment, according to the report. In April, senior officials from Mysore Cements said that the company is in talks to sell a part of the stake of the promoters, who are the founders and majority shareholders, to raise funds for debt repayment, the report said, w... |
Titan sees FY local demand slowing, Greece28 June 2006, Published under Cement NewsTitan Cement said in a presentation to brokers that it sees growth in local demand for the rest of the year, but at a slower pace than that in the first quarter. However it expects very strong demand from US operations. Of its operations in the Balkans, it said Bulgaria looks most promising, and it expects a continued recovery in Egypt. Regarding potential acquisitions, Titan said it would be seeking a 15 per cent rate of investment return. This is not considered easy to achieve ... |
Vladimir Reg govt accepts offer to build $110 mln cement plant, Russia28 June 2006, Published under Cement NewsThe government of Russia’s Vladimir Region has accepted a proposal by the Czech Republic’s ZVM Industry to build a US$110m cement plant in the region with an annual output of 1Mt, the region’s Governor Nikolai Vinogradov said at the presentation of the project. The Vladimir Region’s government plans to sign an agreement with ZVM Industry within a month, Vinogradov said. By that time the regional government expects to have decided on the annual supply of 180 million kilowatt-hours of ele... |
Pakistani cement firm shows interest to invest in Sudan28 June 2006, Published under Cement NewsA Sudanese minister discussed with a Pakistani firm delegation potential of investing in eastern Sudan where the company is interested to establish a factory. State Minister at the Ministry of Investment, al-Simeh al-Sidig al-Nur, received Tuesday a visiting delegation from Hericules Cement Group of Pakistan, headed its General Manager Mr. Borhan Khan. The meeting discussed the investment of the group in Sudan, top of which is a proposed cement factory in Gedariff State at 200 US million d... |
Birla Corp Q4 net up 76 per cent28 June 2006, Published under Cement NewsBirla Corporation Ltd has posted a net profit of Rs 125.76 crore for the year ended March 31, 2006, a 45 per cent growth over the previous year. Its turnover stood at Rs 1,433 crore (Rs 1,342 crore). For the last quarter of 2005-06, the company’s net profit stood at Rs 67.14 crore, up from Rs 38.14 crore for the corresponding quarter of the previous year. The turnover for the quarter was Rs 458 crore. The company has attributed the improvement in performance to an increase in volumes, highe... |