Cement News tagged under: international
Foreign players seen in race for Andhra cement10 May 2006, Published under Cement NewsAndhra Pradesh-based Rain Commodities is said to be looking at either partially divesting its stake in its cement business to a strategic partner or entirely selling off the 1.5Mt cement unit, according to industry sources. Heidelberg, Italcementi, Lafarge and a major Indian player are said to be interested in the cement unit. Sources said that the cement unit is likely to get a valuation of around Rs 800-1,000 crore – reports The Economic Times. Rain Commodities is a holding company and... |
Orascom in Libya10 May 2006, Published under Cement NewsOrascom Construction Industries announced that it was awarded a US$40m subcontract by F.L.Smidth of Denmark, a leading global equipment supplier, for the supply of steel structures and plate work in addition to mechanical, steel structure and electrical installation works on a 5000tpd greenfield cement production line in Libya. Earlier this year, OCI completed work on a similar production line at the same cement plant for a total value of US$30m. OCI Chief Executive Officer, Nassef Sawiris... |
Lafarge to build replacement cement factory in Aceh, Indonesia10 May 2006, Published under Cement NewsLafarge said it will build a new cement factory in Aceh with an annual production capacity of 1.6Mta to be operational in 2008. The new factory will be a replacement for one of its PT Semen Andalas Indonesia (SAI) destroyed by the tsunami in Aceh in December, 2004. Thomas Patrick Ehrhart, president of PT SAI said construction of the factory will soon take place after SAI receives a bridging loan of US$30m. |
Govt has yet to approve sale of Cemex’s shares09 May 2006, Published under Cement NewsState Minister for Indonesian State Enterprises Sugiharto said that he had not yet given approval to Cemex SA’s proposal to sell its 24.9 percent stake in PT Semen Gresik (SG) to a local conglomerate, the Rajawali Group. "I’ve just arrived back from the Middle East. The government will have to respond within 10 days," Sugiharto told reporters on the sidelines of a Cabinet meeting Monday. He said that the government had a number of options regarding the proposal, but declined to reveal th... |
Cement consumption reaches 9.79Mt09 May 2006, Published under Cement NewsVietnam used 3.15Mt of cement in April, up 10 per cent on-year, brining the total figure to 9.79Mt in the first four months of this year, according to the Ministry of Construction. The increase is attributed to the coming of the construction season in the country. The ministry forecast that cement consumption in the coming months, especially the two remaining months of the second quarter will reach 3.2-3.5Mt a month. Last month, prices of cement from many factories increased by betwee... |
Private sector to set up cement factory in Garmsar09 May 2006, Published under Cement NewsPrivate sector is to establish a cement factory in Garmsar of Semnan Province, that would be the biggest one across the country, Hossein Sobhani, an official in the province’s governor-generalship told IRNA on Monday. Planned to be constructed at the investment of worth Rls5000 billion, the factory would produce 7Mta cement once it was commissioned, deputy for planning affairs added. According to the investors, the project would be completed within seven stages, he noted. The first phase of... |
Pakistan cement output down09 May 2006, Published under Cement NewsPakistan’s cement output fell by 18 per cent to 1.5Mt in April from the March level, but output for the 10 months through April was 11 per cent higher than a year ago, an industry spokesman said on Tuesday. Cement production during the first 10 months of the current fiscal 2005/06 was recorded at 14.85Mt, up from 13.38Mt in the corresponding year-ago period, Shahzad Ahmed, secretary general of the private All Pakistan Cement Manufacturers Association (APCMA), said. Out of the total prod... |
Peruvian cement exports up09 May 2006, Published under Cement NewsPeru exports of cement jumped 27 per cent year-on-year in the first quarter of 2006 to US$7.77m the country’s exporters’ association Adex said on May 5, 2006. The exports of cement type portland soared 59 per cent year-on-year in the first quarter of 2006 to US$6.46m Adex added. Exports of clinker dropped 40 per cent to US$1.12m. The remaining were exports of white portland cement. Peruvian cement exports were mainly directed to the United States, $6.35m, up 58 per cent. Colombia ranked ... |
Baticim places best bid for Limas port09 May 2006, Published under Cement NewsTurkish cement producer Baticim gave the best bid of US$45.25m for Limas, which operates a port in Izmir. The best bid was well above the minimum estimated value of USD 32m, set for the company before the tender by the SDIF (Saving Deposit Insurance Fund). Three companies, namely Baticim, Eren Holding and Cer Celik, out of five, which placed bids for Limas, participated in the open bidding session. The SDIF offered the company for sale via asset sale. Limas was seized from Uzan group against... |
Lafarge to invest in Chhattisgarh cement plant, India08 May 2006, Published under Cement NewsLafarge India Pvt Ltd, a subsidiary of the Lafarge Group, plans to invest Rs.7bn ($156m) to raise the cement production capacity of its Chhattisgarh unit from 1.5Mta to 3.5Mta. ‘Lafarge is keen to invest immediately for the expansion project at its Sonadih Cement Plant in Raipur district,’ state Finance Minister Amar Agrawal told IANS. He added that the state government and the company would sign within a fortnight a memorandum of understanding (MoU) for the expansion plan. Agrawal said t... |