Cement News tagged under: international
Semen Gresik fined23 March 2006, Published under Cement NewsThe Business Competition Supervisory Commission (KPPU), a state-sanctioned antimonopoly agency, found cement maker PT Semen Gresik guilty on Wednesday of unfair business practices in breach of the Antimonopoly Law, and fined the company Rp 1 billion (US$108,695). Some months ago, the KPPU at its own initiative started an investigation into allegations of the existence of a cartel, secret agreements, limitations on cement distribution and price fixing involving the company and its distributo... |
Cement prices up despite low sales23 March 2006, Published under Cement NewsThe demand for cement in Vietnam was low in the opening months of 2006, at just one half of the consumed volume in the first half of 2005, according to the Trade Research Institute. Despite decreased demand, however, cement producers still raised prices. Since March 2006, five cement enterprises have gone up VND25-40,000 per tonne, driving the retail price up VND1000 - 1500 for 50kg bags. Currently Holcim, Nghi Son, Ha Tien II and Chinfon sell at VND48,000 for 50kg while Cotec sells at VND4... |
Shree Cement to invest in capacity upgrade22 March 2006, Published under Cement NewsShree Cement Ltd plans to invest INR3 billion in the next fiscal year to boost its cement-making capacity as a booming local economy spurs a housing sector boom and increased government infrastructure spending, the Indian cement maker’s managing director said. "We will increase our capacity by another 1.5Mt in the coming financial year," Hari Mohan Bangur told Dow Jones Newswires in a recent interview. The capacity increase would bring Shree Cement’s production to 4.5Mt in the fisc... |
Indonesia’s Jan-Feb cement consumption down slightly22 March 2006, Published under Cement NewsDomestic cement consumption during the first two months to February this year dropped 2.2 per cent year-on-year to 4.46Mt, the Indonesian Cement Association (ASI) said in a report. It said over the same period, exports fell 21.4 per cent year-on-year to 389,106t, while clinker exports surged 27 per cent to 566,187t. The report said the fall in local consumption was traced mainly to a drop in East Java and West Java’s consumption. It said East Java reported a 21 per cent fall in cement... |
Ministry approves JCFC cement imports22 March 2006, Published under Cement NewsThe Jordanian Ministry of Industry and Trade on Tuesday approved a decision allowing the Jordan Cement Factories Company (JCFC) to increase its imports of cement to help meet market demand after a technical failure in the company’s production lines resulted in a supply shortage. Following a meeting with the company’s representatives and concerned officials, the ministry’s secretary general, Muntasser Oqla, said the company is currently selling the cement at cost price and it is taking reg... |
CCCL commences kiln expansion project22 March 2006, Published under Cement NewsCaribbean Cement Company (CCCL) yesterday (March 16) broke ground for its Kiln 5-expansion project, which will be undertaken over the next three years. The project is part of the company’s US$130m modernisation and expansion programme, which is aimed at improving efficiency and environmental performance while making the company more globally competitive. CCL Chairman Brian Young, speaking at the groundbreaking held at the Rockfort plant, said that on completion of the kiln, the plant’s annu... |
HeidelbergCement enters India22 March 2006, Published under Cement NewsHeidelbergCement has concluded a 50:50 joint venture agreement in India, consisting of the grinding plant of Indorama Cement Ltd, owned by the Indorama S P Lohia Group, and located in Mumbai (Bombay) on the West coast of India. The plant, which was built in 2000, has a cement capacity of 750,000t and is in very good technical condition. It has an excellent market position in the vicinity of the big markets of Mumbai (17 million residents) and Pune (5 million residents). Due to its lo... |
Gaziantep plant resale21 March 2006, Published under Cement NewsThe earlier sale of the Turkish Gaziantep plant to the Turkish Sanko Holdings, which was subsequently revoked by the Turkish authorities is now back for sale with final tender results expected by late-April. Part of the sell-off of the defunct Rumeli group, Gaziantep provides an interesting purchase proposition, although its final transfer of ownership may still spring some surprises. Gaziantep is favourably located close to Syria on Turkey’s south eastern border and produces around 543,23... |
FLSmidth wins Brazil plant order21 March 2006, Published under Cement NewsFLSmidth has announced it has signed a deal with CSN-Cimentos SA covering design and supply of equipment for a slag cement grinding plant in Brazil. The 2.2Mta facility will be built in the Rio de Janeiro state in Brazil. Financial details weren’t disclosed, but the company said the order will contribute positively to earnings. The plant is expected to come on stream in the second half of 2007. The scope of the contract includes two OK 39-4 vertical mills which will be the largest v... |
Russian cement maker faces lawsuit21 March 2006, Published under Cement NewsEurocement Group, is being sued for US$100m in damages by US-registered equity fund Russia Partners, according to a statement issued jointly by Russia Partners and A1, a unit of Alfa Group. Russia Partners, which owns a 44 per cent stake in Eurocement, claims that the majority owners of the company created the Eurocement Group holding with the aim of diverting profits away from Russia Partners, the statement said. A1 is acting on behalf of Russia Partners. The parties signed a deal in Novem... |