Cement News tagged under: international
ACC reports on merger gains13 April 2006, Published under Cement NewsIndian cement maker ACC, said first-quarter net profit rose 42% due to its merger with two of its own units and higher cement prices. Net profit rose to 2.35 billion rupees ($52.6m), up from 1.66 billion rupees in the year-earlier period. Sales rose 19 per cent to 13.28 billion rupees. ACC merged with its units Bargarh Cement Ltd. and Damodar Cement & Slag Ltd., which helped results. ACC also sold its refractory business as of Sept. 30. ACC didn’t elaborate on how much it gained from higher... |
Carib Cement to slash fuel costs13 April 2006, Published under Cement NewsCaribbean Cement Company Limited’s (Carib Cement) shift from liquid fuel to solid fuel will allow it to produce cement at a cheaper cost two years from now. The company is now using greater volumes of coal and petcoke in its production process and less of bunker C (heavy fuel oil). Managing director of Carib Cement Anthony Haynes said ultimately fuel consumption will be halved when the company completes its expansion and modernisation plan in 2008. The shift in fuel type is expected to c... |
Saudi Arabia approves new plant13 April 2006, Published under Cement NewsSaudi Arabia’s Ministry of Trade and Industry has approved the establishment of a 1.021 bln Saudi riyals (US$272m) cement plant, it was reported on April 13, 2005. The company is called Jouf Cement Co and is headquartered in the capital Riyadh. Jouf Cement’s capital is divided into 102.1 million shares with a par value of 10 riyals (US$2.67). The company’s activities include cement production, and wholesale and retail trade in cement and other construction materials. |
Russia may face building materials shortage13 April 2006, Published under Cement NewsRussia may face a shortage of building materials by 2008, including cement, prefabricated ferroconcrete structures, roofing, walls and other materials, Vladimir Yakovlev, Minister for Regions’ Development, said in his report at the Government Hour meeting of the Duma, devoted to the creation of available housing market and the development of the mortgage system. The main reason for it is the growth rate of the building materials industry, he explained. “The government should find a way t... |
Government approves cement plant project13 April 2006, Published under Cement NewsVietnam’s Deputy Prime Minister Nguyen Tan Dung has recently given a nod to a project to build the Trung Son cement plant in Luong Son district of northern mountainous Hoa Binh province. The plant is expected to turn out around 2500t of clinker a day. However, total investment as well as the date for the kick off and completion of the project are unavailable. In related news, Vietnam’s cement market was quite stable in the first quarter of this year. The country’s cement consumption was ... |
Cement shortage hits many southern areas13 April 2006, Published under Cement NewsFuelled mainly by the construction boom, cement consumption in the south of India grew at a higher rate than the all-India figure in 2005-06 compared to the previous year. Consequently, in some markets in the South, like Chennai, there is short supply of cement, especially for retail consumers. Those buying cement in bulk, like the builders, have been able to manage their requirement, according to industry sources. The southern States — Tamil Nadu, Karnataka, Andhra Pradesh, Kerala, Goa,... |
Iskitymcement to double capacity13 April 2006, Published under Cement NewsRussian producer, Iskitymcement OJSC (member of RATM group) is planning to double its production capacity to 3Mta by constructing one more line. According to the Novosibirsk region Governor Viktor Tolokonsky, the management and regional administration discussed some technical parameters of the project. The Governor noted that the regional administration would provide active support to the project. This will be both organizational and financial support. |
Eurocement sees output increasing12 April 2006, Published under Cement NewsRussia’s Eurocement Group plans to increase output 10-12 per cent on the year to 26.1Mt of cement this year and increase investments in upgrades and development 40 per cent on the year to over 3 billion rubles, the holding’s President Mikhail Skorokhod told delegates at the Petrocem conference, St Petersburg. In particular, Eurocement Group expects to produce 22.6Mt at its Russian cement plants and 3.5Mt at its Ukrainian plants, Skorokhod said. In 2005 Eurocement Group drew up a US$5... |
Southern Africa cement sales rise12 April 2006, Published under Cement NewsCement sales in southern Africa rose 18.3 per cent year-on-year to 1.18Mt in March. Sales of cement in the Southern African Customs Union during the first three months of 2006 were 3.05Mt, up 12.4 per cent from the same period last year, the Cement & Concrete Institute said on their website. Export sales, however, fell to 14,494t in March from 19,093t in the same month in 2005, it added. The region’s biggest cement producer is Pretoria Portland Cement (PPC), which is 71 per cent owned by in... |
Sverdlovsk region to build cement plants12 April 2006, Published under Cement NewsGovernor of Sverdlovsk region, Russia, Eduard Rossel held a session where an issue was considered of building cement plants in the region. The region’s construction and municipal service minister Alexander Karlov informed by 2010 the region’s demand in cement would reach 8Mt and presently only 3.4Mt of cement annually is manufactured. To solve this problem a number of new cement plants will be required and a number of local companies, including Atomstroikomplekt, Sukholozhsktsement, Nevyansk... |