Cement News tagged under: international
Portland set to acquire stake in Kigali Cement, Rwanda26 June 2006, Published under Cement NewsBuoyed by a strong balance sheet and a reduced cost of doing business, East African Portland Cement Company (EAPCC) has signed a joint venture with Rwanda’s Kigali Cement Company. Under the arrangement, EAPCC will acquire a 60 per cent stake in the company, before setting up a cement milling plant in Kigali. Currently, the firm controls 40 per cent of Rwanda’s cement market, making it an attractive bid for EAPCC. EAPCC managing director Zakayo Ole Mapelo said the company is seeking to becom... |
HeidelbergCement JV raided by Cartel Office, Germany26 June 2006, Published under Cement NewsHeidelbergCement AG, Germany’s biggest cement maker, said a joint venture was raided by German antitrust officers who are investigating price fixing in the erection of silos on building sites. The cartel authorities searched offices of Franken Maxit Mauermoertel GmbH, a venture between HeidelbergCement and a private investor that’s based in the south-German town of Kasendorf, spokeswoman Brigitte Fickel said today. The raid took place “several weeks ago,’” she said. German authorities are i... |
Andhra Cements to enhance cement manufacture, India26 June 2006, Published under Cement NewsOne of India’s leading cement manufacturers, Andhra Cements, has planned to increase its manufacturing Phase I capacity from the current 1.7Mta to 3.0Mta. The estimated cost for the expansion is likely to be Rs 100 crore, to be financed through debt and internal accrual. No price hike in cement is expected till the end of this year. Current prices for a bag of cement hovers around Rs 160-165 per bag. The company is also looking to increase exports to 40,000t per month. Firming up expansion... |
Pavilion Technologies strengthens presence in China26 June 2006, Published under Cement NewsPavilion Technologies, a world leader in model-based software, today announced the opening of a new office in Shanghai, China, to meet manufacturers’ growing demand for solutions that boost manufacturing productivity, reduce costs and achieve growing environmental regulations. Powered by the company’s proven Pavilion8(TM) software platform, Pavilion offers a suite of value-based advanced process control and environmental management solutions for the petrochemical, cement and consumer goods i... |
Cement sector builds on market demand, India26 June 2006, Published under Cement NewsThe constantly increasing cement prices seem to prove that the demand for construction material shows no sign of flagging, reports the Times of India. And its not just big-ticket cement companies which are expanding to meet this demand, but smaller and regional players like Shree Cements, India Cements, Kesoram Industries, Century Textiles, Madras Cements, Jayprakash Associates and Lafarge are also working on adding to their existing capacities. Between them, these companies are looking at a... |
Cement plants to be expanded to meet demand26 June 2006, Published under Cement NewsThe Vietnam National Cement Corporation (VNCC) will accelerate its expansion of some cement plants to meet the increasing demand, a VNCC official said. The target plants include Hoang Thach 3, But Son 2 and Bim Son in the northern region and Ha Tien I and II in the southern region, VCC General Director Le Van Chung said. According to the General Director, Vietnam’s demand for cement is estimated to increase by 8-10 percent between now and 2010. Currently, the country is capable of produ... |
Turkish cement sales seen rising rapidly in 200623 June 2006, Published under Cement NewsA construction slowdown as a result of rising interest rates will trim Turkey’s cement sector’s turnover, but domestic sales will still grow 20 per cent, the head of Oyak Cement and Automotive told Reuters. Sales in Turkey’s cement grew 15.7 per cent in 2005 to a record 35Mt, spurred by a house building boom. That had followed years of decline after a major earthquake in 1999 and a deep financial crisis in 2001. Inflation of 10 per cent in May and a 20 percent slide in the lira since the en... |
Semen Padang net profits to soar23 June 2006, Published under Cement NewsPT Semen Padang, a subsidiary of publicly listed cement maker PT Semen Gresik Tbk, is targeting 51 per cent growth in net profit this year to Rp 212 billion (about US$22.3 million) from last year’s Rp 139.5 billion (according to Jakarta Post reports). The company, which accounts for about 30 percent of Semen Gresik’s total cement production, also expects a 24 per cent increase in net sales to Rp 2.7 trillion this year from Rp 2.17 trillion last year. "We are hoping to produce 5.1Mt a... |
Vietnam: construction material market remains stable23 June 2006, Published under Cement NewsThe Vietnam Cement Association said demand for cement will increase from now till the end of the year. But the price of cement will remain stable at between VND750,000 and VND800,000 per tonne in northern provinces and at VND900,000 and VND950,000 per tonne in southern provinces. In the fourth quarter, two more cement factories will be put into operation. The Vinakansai Cement Factory in northern Ninh Binh province has a design capacity of 1Mta, while the Lam Thach Cement Factory in north... |
Kampala University sues Hima Cement23 June 2006, Published under Cement NewsKampala International University (KIU) has dragged Hima Cement to court over failure to supply cement to their teaching hospital in Ishaka. The university is seeking sh2.6b in damages and costs. Through Kavuma Kabenge and Company Advocates, the university said Hima was to supply 50,000t of cement at sh17.6b but only supplied a few tonnes. The case is before the High Court commercial division. KIU claims that Hima is still holding about sh2.4b, out of which sh2.2b is value added tax (VA... |