Cement News tagged under: international
Suez Cement expanding its interests08 June 2006, Published under Cement NewsSuez Cement Company is expanding its investments in the cement industry and its related industries as it signed a preliminary agreement to purchase 52 per cent in two ready-mix companies. The Egyptian company, 51 per cent held by Ciments Francais, said in a statement for Cairo and Alexandria Stock Exchanges (CASE) from June 7, 2006 that it has signed a preliminary agreement to purchase stakes in producers RMB and RMBE at a cost of E£78m (US$13.5m). The two companies account for an esti... |
JK Cement to double capacity, India08 June 2006, Published under Cement NewsJK Cement is likely to invest Rs 1,200 crore in the next 3-5 years for doubling its manufacturing capacity of grey cement, which will include setting up of greenfield units in Karnataka and North India. The capacity of the Karnataka plant would be in the range of 2.5-3Mt whereas investments could be in the range of Rs 600-750 crore. The company is also exploring possibilities of setting up a grey cement plant in areas close to Delhi with a capacity of 1.5-2Mt which would involve an ... |
Russia’s Sibconcord to invest RUB3.5bn08 June 2006, Published under Cement NewsRussian industrial holding Sibconcord plans to invest RUB3.5bn over the next five years in its Topkinsky Tsement cement plant based in the Kemerovo Region, the region’s Governor Aman Tuleyev said Wednesday. Sibconcord signed a cooperation agreement with the region’s government on Wednesday, he said. The investment program provides for the launch of new facilities at the plant, which will help to decrease production costs by 30 per cent, he added. The plant currently produces ... |
Cement dispatch is normalised in local markets, Dominican Republic08 June 2006, Published under Cement NewsThe Cement Producers Association yesterday informed that the decline in local market supply was circumstantial, because of prior commitments by one of the manufacturers with pending exports that were being satisfied as of this past week. Notwithstanding, these shipments were sent off, and production and local sales have returned to normal. The association also alleges that one of the five manufacturers had been lacking sufficient raw material, but explained that this situation was being ... |
New plant to be constructed in Egypt08 June 2006, Published under Cement NewsA E£400m (US$69.4m) cement factory is reportedly being established in Aswan, southern Egypt. The project will be 90 per cent financed by Misr Engineering Development Company (MEDCOM), National Bank of Egypt and Arab International Cooperation Bank (name as given by the source), and the remaining 10 per cent will be held by an unnamed Kuwaiti investor. Annual capacity is expected to reach 1Mt of cement, which is enough to meet the demand in the governorate of Aswan and the regions of High Dam... |
Local trade office awaits advice on cement price issue, Jamaica08 June 2006, Published under Cement NewsThe Departement of Trade and Industry (DTI) regional office here can not intervene on complaints regarding the high cost of cement just yet. DTI information officer Art Tibaldo said their regional office could not implement moves to remedy the problem, as of this time, because they are still awaiting the advice of their central office on how to respond to the issue. He said the DTI regional office has to be updated on the situation of the country’s cement industry first before making a mov... |
Adelaide Brighton acquires WA limestone quarry business, Australia08 June 2006, Published under Cement NewsAdelaide Brighton Ltd subsidiary Adelaide Brighton Cement Ltd has entered into an agreement with Loongana Lime Pty Ltd for Adelaide Brighton Cement to purchase from Loongana its business assets for the limestone mining, distribution and sales activities at Rawlinna and Parkeston, Western Australia. Adelaide Brighton managing director Mark Chellew said the purchase of this limestone quarry would provide a small-scale profitable business for Adelaide Brighton servicing the Kalgoorlie goldfiel... |
Gresik to get banking loan for expansion, Indonesia07 June 2006, Published under Cement NewsPT Semen Gresik Tbk will not issue any bonds to finance the development of new facility. Instead, the company will get banking loans. The Commissioner of PT Semen Gresik Tbk Agus Tjahjana said that the banking loan will be the same as the money from the company’s reserve in a bid to secure the cash flow. "We are considering on whether the ratio of loan to the internal fund will be 60:40% or 70:30%, or whether there is some better option. The shareholders will take the decision," he said ye... |
Big cement firms target UP, India07 June 2006, Published under Cement NewsGujarat Ambuja Cement and Grasim Industries Ltd are in the process of setting up a flyash-based cement plant each in Uttar Pradesh. Both the plants are to be set up in Dadri near Greater Noida. JP Cement, another big player in the cement industry, has already acquired the Dalla, Churk and Chunar cement plants in Mirzapur district, earlier owned by the PSU, UP Cements Corporation. JP group had acquired the two plants for Rs 459 crore in open auctions conducted under the mandate of the Alla... |
Giant Cement fined US$36,000 for Air Violations, US07 June 2006, Published under Cement NewsThe United Steelworkers (USW) today said that according to the Union’s research, Giant Cement Holding, Inc. has been fined US$36,000, the largest fine in the recent history of the plant, for repeat violations of the federal and state air laws. The company is scheduled to meet with the South Carolina Department of Health and Environmental Control (DHEC) next week about another air enforcement action. Today, USW Local 216 President David Stepp asked for a meeting with DHEC Commissioner C. E... |