Cement News tagged under: international
Holcim looks at feasibility study for new plant, South Africa25 May 2006, Published under Cement NewsSA’s second-largest cement maker, Holcim, said yesterday it would complete a feasibility study in the second half of this year on a new cement kiln that would cost up to R1,9bn. PPC Cement, Lafarge and Natal Portland Cement all announced major expansion projects, ranging from about R700m to R1,3bn in the past year as the demand for cement rocketed. Holcim, a 49%-owned subsidiary of listed construction group Aveng, told the media during a visit to its Dudfield plant in North West that... |
Heracles swings to profit25 May 2006, Published under Cement NewsLafarge SA’s Greek unit Heracles Cement said it swung into a net profit of EUR2.6m in the first quarter of 2006 from a loss of EUR3.2m a year before. Sales increased by 17.4 per cent YoY to EUR141m, mainly due to a 21 per cent increase in domestic sales volume as well as a recovery in export sales prices. First-quarter EBITDA also came in higher at EUR14.2m from EUR8.3m. The group’s investments reached EUR5m, compared to EUR4.5m in the same period last year. Lafarge holds a 53 per cent stak... |
Oman Cement expansion project on track25 May 2006, Published under Cement NewsThe board of directors of Oman Cement Company (OCC) has endorsed a proposal to go ahead with the company’s plan to upgrade its clinker production capacity to 1.8Mta instead of the initially proposed 1.26Mta. OCC CEO Jamal Shamis Al Hooti said: "With this increase in the capacity of two kilns to produce 1.8Mt of clinker, OCC will be able to produce 1.9Mt of cement per year." "The project is expected to be completed by end of next year. The new cement mill, which is expected to be ready for ... |
Cement prices fall as Pakistan lifts ban25 May 2006, Published under Cement NewsPrices of cement have decreased considerably after Pakistan resumed free-of-duty exports to Afghanistan. Pakistani official said after the lifting of the ban on cement exports to Afghanistan, about 100,000t of the commodity had been exported to the landlocked country. Shahood Alam, an official of Pakistan customs department, told Pajhwok Afghan News exports to Afghanistan would further increase in the days ahead. They had banned cement exports to Afghanistan due to rise in its prices in th... |
Cement producers offer discount, Zimbabwe25 May 2006, Published under Cement NewsCement producers have agreed to offer 15 percent discount for cement purchased for the ongoing Operation Garikai/Hlalani Kuhle for the next six months. The agreement was reached at a meeting held yesterday between the Ministry of Industry and International Trade and cement producers. "It has been a fruitful meeting," Industry and International Trade Minister Cde Obert Mpofu said. The cement will be purchased through the Department of Housing. Cde Mpofu said the meeting was in response to co... |
Cement Arrives from Venezuela, Jamaica25 May 2006, Published under Cement NewsA shipment of cement being unloaded at the Caribbean Cement Company’s Rockfort pier. Some 80,000 bags of cement arrived in the island from Venezuela yesterday (May 22), and will be distributed to local hardware and retail merchants, Information and Development Minister, Senator Colin Campbell has said. Minister Campbell, who was speaking at the weekly post-Cabinet press briefing at Jamaica House, said the imported cement "should bring some measure of ease for the time being" to the hardwar... |
Cemex turns down government offer24 May 2006, Published under Cement NewsCemex SA has turned down the government’s proposal to buy the company’s shares in state-owned cement maker PT Semen Gresik (SG), saying that most of the government’s proposal goes against the existing deal made in 1998 between the two sides. Although it is most likely now that Cemex will finally sell its shares to the Rajawali Group, the government still faces the threat of arbitration proceedings as the Mexican firm has not officially withdrawn its complaint. In its reply to the gover... |
Italcementi looks to China for further growth24 May 2006, Published under Cement NewsItalian group Italcementi, the world’s fifth cement producer, has been planning to further strengthen its positions and enter the eastern countries, eyeing China and its market as a good growth opportunity, it became clear on May 23, 2006. Being already present in 19 countries, including the United States, Egypt and India, the group has been seriously considering a possible entry on the Chinese market with an annual cement production of 800 million tonnes, Carlo Pesenti, Italcementi’s manag... |
Heracles Cement returns to profitability24 May 2006, Published under Cement NewsGreek cement producer Heracles , majority-owned by France’s Lafarge , on Tuesday reported first quarter net profit of Euro 2.6m, compared to a loss of Euro 3.2m last year. Heracles said first-quarter sales rose 17.4 per cent to Euro 141.2m, due to a 21 per cent increase of domestic sales volume and recovery of cement prices in foreign markets. Earnings before interest, tax, depreciation and amortisation (EBITDA) came in at Euro 14.2m, compared to Euro 8.2m in the year-before period. "Th... |
HeidelbergCement Buys majority stake in Kartuli Cement24 May 2006, Published under Cement NewsHeidelbergCement AG said Tuesday it has bought a 51 per cent stake in Georgian cement producer Kartuli Tsementi, investing for the first time in the Caucasus region. The Georgian planthas a capacity of 100,000tpa but HeidelbergCement said it plans to increase production to 500,000tpa by the start of 2008 and, at a later stage, to 1Mta. Heidelberg sees potential for economic growth in Georgia and expects rising demand for cement as the country develops its infrastructure to full exploit it... |