Cement News tagged under: international
Positive outlook on cement sector, Saudi Arabia08 May 2006, Published under Cement NewsAccording to data currently available, writes Global Investment House of Kuwait, projects currently under execution in the GCC amount to about $620bn. Out of these, Saudi Arabia is believed to account for about 29.3%, or $182bn worth of projects. Of these about $80bn (or over 44%) worth of projects are believed to be in the civil segment. Civil projects – covering infrastructure and property construction segments – are known to be highly cement-intensive in nature. The high proportion of the... |
Argos looks to US to propel sales, Colombia08 May 2006, Published under Cement NewsThe top executive at Colombian cement company Cementos Argos Friday said he expects acquisitions in the US to propel sales this year to $1.3bn, up from $942m in 2005. “Sixty per cent of our projected sales will come from the US," Jose Velez, company president said. "That is possible because we focused on purchasing concrete companies and because we bought companies that are located in fast growing cities such as Dallas, Atlanta and Houston. We are seeing a boom in the construction secto... |
Gresik reports sharp increase in net profit, Indonesia08 May 2006, Published under Cement NewsState-owned cement maker PT Semen Gresik reported Rp287.3bn (US$32m) in net profit in the first quarter of this year, up from Rp115.4bn in the same period last year. Sales rose to Rp1.9 trillion from Rp1.4 trillion and operating profit increased to Rp400.8bn from Rp197.7bn, the Finance Director of the country’s largest cement producer, Cholil Hasan said. |
Shree Cement to set up new plant, India08 May 2006, Published under Cement NewsShree Cement is planning to set up another 1.5Mta cement plant (Unit-V) at the Pali district in Rajasthan, India. The company already operates a 1.5Mta cement plant Unit III) at the above site while the work on another cement unit of 1.5Mta capacity (Unit IV) is under implementation.The board, at its meeting held on May 5, decided to set up cement grinding capacity of 2Mta at the Village Khuskhera near Bhiwadi in Rajasthan. To meet additional power requirements, the company has deci... |
Minister reviews cement achievements, Iran08 May 2006, Published under Cement NewsAccording to the “Tehran Times”, Iran’s Industries and Mines Minister deputy, Mohammad Basiri, announced that the cement industry, through the production of 32.65Mt of cement, had kept 99 per cent of its commitment in 2005. Basiri went on to say that 20-year-old factories yet again produced more than 90 per cent of their capacities last year. This official, not rejecting cement smuggling, said that this was because of the fact that there was no obvious difference between the price of Iran’s ... |
Cement prices jump in Grenada08 May 2006, Published under Cement NewsThe construction industry in Grenada will be hit by an almost 30 per cent increase in the price of cement as soon as the next shipment arrives. Last week it was reported that the price of a bag of cement from Trinidad Cement Limited (TCL) will increase by just over four dollars. People in the process of building are faced with an additional retail cost of over five dollars more on a 42.5kg bag of cement. One supply firm has announced an increase of $5.11 which takes the cost to $22.50, up ... |
Pakistan not to reverse Indian cement import decision08 May 2006, Published under Cement NewsPakistan has no plans to reverse its decision on importing cement from India to meet a current shortfall unless local manufacturers lower their rates significantly, a top official said. ’The ECC (Economic Coordination Committee) took the decision (to import) after detailed discussion, and it will not be reversed unless the prices come down to Rs.270 to Rs.272 per bag,’ Ashfaque Hasan Khan, economic advisor to the finance ministry, told IANS. Some cement manufacturers met officials of the i... |
Cement manufacturers join DTI to maintain price stability, Philippines08 May 2006, Published under Cement NewsThe Department of Trade and Industry’s (DTI) intensified price monitoring, including cement, continues to be a priority of the government. This is part of the crackdown on unscrupulous businessmen who are unreasonably raising the prices of basic goods because of the additional 2 percent value added tax. DTI-General Santos City Field Office conducted a meeting last April 27 among cement manufacturer, dealers, and retailers. The said meeting was a concrete response to reports that some reta... |
Ash Grove prepares for expansion, US08 May 2006, Published under Cement NewsAsh Grove Cement Co is investing approximately $190m in Arkansas to expand its current Portland cement plant in Foreman. As Arkansas’ only cement manufacturing facility, the Ash Grove Foreman plant will help meet the growing demand for cement, a building block of economic growth. The expansion is expected to be completed in 2009; the plant’s portland cement capacity then will increase from 1Mta to 1.7Mt. “Ash Grove is proud to be part of the region’s continued economic growth,” said Ash Gro... |
Cemex to divest shares in Gresik05 May 2006, Published under Cement NewsCemex has agreed to divest 24.9 per cent of its shares in PT Semen Gresik with a total value of US$337m to Rajawali Group. The subject of transaction was already approved by the government for it had complied with the requirements, a reliable source at Cemex said here on Thursday. Cemex decided to divest its shares in PT Semen Gresik to end its protracted dispute with the Indonesian government on the deputy posted to the Indonesian cement company. The purchase comes as Indonesia’s... |