Cement News tagged under: international
Lucky becomes the largest31 May 2006, Published under Cement NewsLucky Cement Limited has started its new plant at Karachi with a production capacity of 4000 tons per day, making it the single largest cement manufacturing company in Pakistan, Executive Director Mr AR Thaplawala, said in a press statement Monday. The new plant is located on the Super Highway near Karachi. He said that the company had already started despatches from the plant. Lucky’s executive director further said that within the next 8 to 10 days, the company would rolling out cemen... |
Mexican cement sector investments31 May 2006, Published under Cement NewsThe Mexican cement sector will invest US$450m in the construction of plants, the enlargement of existing facilities, maintenance and environmental protection, the executive president of the National Chamber of Cement (Canacem), Osmin Rendon, said. Already the construction of the cement plant of French building materials group Lafarge in Tula, Hidalgo state, central Mexico, has attracted a total investment of US$121m. Mexican cement maker Cementos Cruz Azul will invest US$150m in a plant th... |
JK Cement plans new greenfield plant31 May 2006, Published under Cement NewsIndia’s JK Cement Ltd plans to foray into the south Indian cement market with a new greenfield cement plant with annual capacity of up to 3Mta in Karnataka state, the company’s chief financial officer said. "We are planning to enter the south Indian market with a fresh greenfield capacity of around 2.5 to 3Mt in Karnataka," AK Saraogi told Dow Jones Newswires in a recent interview. He said the total project cost is estimated at INR7.5 billion. The plant is expected to be commissioned by... |
SOEICOM to invest in modernisation31 May 2006, Published under Cement NewsThe Industrial, Commercial and Mining Enterprise Society (Soeicom), owner of cement brand Cimentos Liz, is going to invest approximately US$180m in increasing and modernizing production in their plant in the city of Vespasiano, in the southeastern Brazilian state of Minas Gerais. The production is going to rise from the current 1.9Mta to 2.9Mta by 2009, according to company president Paulo Vasconcelos. The increase will be 53 per cent. According to information disclosed by the government o... |
Ministry scraps cement price hike31 May 2006, Published under Cement NewsThe UAE Ministry of Economy has overturned a decision by cement factories to increase prices by Dh10 ($2.72) per tonne from June 1. According to a Gulf News report, a top official said there should be no unified prices for cement, as this would cause instability in the local market and compromise consumer interests. He said the ministry’s move was in line with the Cabinet’s decision to prevent commercial groupings or alliances aimed at increasing prices of any given commodity. |
Adelaide Brighton expects rise in full year proft30 May 2006, Published under Cement NewsAdelaide Brighton Ltd has forecast earnings to rise to between A$92 million and A$96 million this financial year. Adelaide Brighton managing director Mark Chellew said the company expects further profit growth above its record calendar 2005 net profit of A$87.8 million before tax consolidation benefits. "Assuming no unforeseen circumstances, we expect full year net profit after tax to be between A$92 million to A$96 million," Mr Chellew told the company’s annual general meeting in Adel... |
Cemex urged to review its rejection30 May 2006, Published under Cement NewsEven though Cemex Asia Holdings Ltd has rejected all options offered by Indonesian government, the Minister of State Owned Enterprises urged the company to evaluate the rejection. The minister said that in a letter to Cemex on May 25 in respond to the rejection of Cemex. On the earlier day, in fact, the minister has sent a letter to Cemex in respond to the rejection of the Mexican cement company. The May-24 letter the government urged Cemex not to continue the plan to sell 24.9 per ce... |
Cement Co To Be Established in Riyadh30 May 2006, Published under Cement NewsDana Cement, a new cement company with a capital of 1.1 bln Saudi riyals (US$293m), will start operations in Saudi Arabia, local media reported on May 28, 2006. The company will be headquartered in the capital Riyadh and will be active in manufacturing and wholesale and retail trade of Portland cement. Dana Cement’s capital will be divided into 110 million shares with a par value of 10 riyals ($2.67/2.09 euro). Dana Cement will be a closed shareholding company. Its founders have already... |
Qatar National Cement to raise output capacity30 May 2006, Published under Cement NewsQatar National Cement Company will increase its production capacity by 3000tpd by end of June to meet rising local demand, company officials were reported as saying here yesterday. The move takes Qatar National Cement’s total output capacity to 10,000tpd. Salem Butti Al Nuaimi, chairman of the company, told reporters during his factory visit on Saturday that three new mills producing 3000tpd of cement, plus 1000tpd from the old unit, would raise the factory’s total production capacity to 10... |
Lucky Cement’s new plant begins production30 May 2006, Published under Cement NewsLucky Cement Limited has announced that its new plant with a capacity to produce 4000 tonnes of cement per day located on Super Highway at Karachi has begun production. According to a press release issued here on Saturday the company has already started dispatches from the new plant. The second plant at Karachi would begin production early next month, the press release said. After commissioning of this plant at Karachi, Lucky Cement will become the largest single manufacturing company in Pa... |