Cement News tagged under: international
Russia’s Eurocement to build new cement plant in Voronezh07 April 2006, Published under Cement NewsRussia’s Eurocement Group plans to build a 1Mta cement plant in the city of Voronezh, Mikhail Skorokhod, the company’s president, said Thursday. An agreement on the construction of the plant was signed Thursday between Mikhail Skorokhod and the Voronezh Region’s Governor Vladimir Kulakov. The plant is expected to be completed in two to two and a half years, he said. Eurocement plans to hold a tender among European companies to choose the contractor for the construction of the ce... |
Solon opposes incentives for new cement makers07 April 2006, Published under Cement NewsJoey Sarte Salceda, chairman of the House committee on appropriations, Philippines, has questioned the timing and motive of a government proposal to grant incentives to new cement players. "At a time when government is trying to put its fiscal house in order, agencies like the Board of Investments (BoI) should be more circumspect in dangling hefty tax breaks just to lure investments," Salceda said in a statement. His bill on the rationalization of fiscal incentives is pending in Congress... |
Lebanese cement makers profit from regional boom06 April 2006, Published under Cement NewsThe regional construction boom has caused the price of building materials to skyrocket, allowing Lebanon’s stagnant cement industry to rebound from a period of decline caused by a dip in local consumption rates. Deliveries by Lebanese cement companies increased by 4.04 per cent in the first half of 2005, compared to the same period in 2004, according to the Bulletin of Indices. Nicholas Nahhas, general manager of Sibline-1, told the Lebanese Daily Star that demand for Lebanese cement ha... |
Banks loans to But Son06 April 2006, Published under Cement NewsFour leading State-owned banks and one foreign bank on April 5 signed a credit contract worth US$165m for the But Son Cement Company to help it build its second large-scale production line. Under the contract, France’s Societe Generale alone will provide the cement firm loans worth US$100m, while four Vietnamese banks, including the Bank for Investment and Development of Vietnam (BIDV), the Bank for Agriculture and Rural Development (Agribank), Bank for Foreign Trade of Vietnam (Vietcombank... |
Tonasa to build new cement plant06 April 2006, Published under Cement NewsPT Semen Tonasa, a subsidiary of state-owned PT Semen Gresik, said it will build a new cement factory with an annual production capacity of 2.5Mta. The feasibility study on the project to be built at the company’s complex in Pangkep, South Sulawesi, is nearing completion, its President Sattar Tapa said yesterday. Work is expected to start in 2007, he said, indicating funding is not a problem as a number of banks have offered credits to finance the project, which is estimated to cost Rp3 tri... |
Moving forward on Pueblo plant06 April 2006, Published under Cement NewsGCC of America is going forward with a cement plant, executives said Wednesday during a visit to Pueblo. They said negotiations over electricity rates continue, but will not block the project. Construction is expected to begin in coming months, though a specific timetable remains under review, company executives said. The US$225m plant is to be built south of Pueblo and will employ upward of 450 workers during its peak building phase. The plant will employ approximately 90 permanent workers... |
EuroCement Group to invest more in Katav06 April 2006, Published under Cement NewsEuroCement will invest over 70m RUR into its Katav Cement Works in 2006. This should allow the works to increase their output up to 1.25Mt in 2006 and 1.4Mt in 2007, the spokesperson for EuroCement said. Katav has just concluded the commissioning of of three cement-loading units have already been completed, and the new packing department producing cement packs of 50kg has started to operate. According to a spokesman, the new equipment is going to enable the company to ship three different ... |
Wall Street looks closely at Huaxin05 April 2006, Published under Cement NewsChina is the world’s biggest consumer of cement, eating up 40 per cent of global production by volume. Despite government efforts to curb overbuilding, cement will continue to play an important role in the nation’s booming economy. Yet in a country that consumes a billion metric tons of cement annually, total production capacity is estimated to be 1.3bn tonnes, That disparity sent cement prices plunging to a 10-year low in China last year, and stock analysts don’t see a strong rebound comin... |
China’s Sinoma signs with Lafarge05 April 2006, Published under Cement NewsChina’s Sinoma International Engineering Co Ltd said it has signed a US$74.25m deal to build a cement production line in Zambia for Lafarge SA, the world’s biggest cement maker. The Shanghai-listed engineering firm said that the production line will be located near Lusaka, the capital of the African country, and that the construction work will last 30 months. Sinoma’s largest shareholder is state-controlled China Non-Metal Materials Corp. |
Nevada Cement, union reps still negotiating05 April 2006, Published under Cement NewsNevada Cement Company officials and union representatives are still haggling over one contract item, and a meeting has been scheduled for April 24 to discuss that final issue. Nevada Cement Executive Vice President Joe Sells reported the issue involves pension, saying, “We initially offered them a five per cent increase to the pension plan, but they want to allocate part of their pay raises toward their pension.” Richard “Skip” Daley of the Labor Union concurred there was only one issue and... |