Cement News tagged under: international
New packing plant for Padang14 February 2006, Published under Cement NewsPT Semen Padang (SP) is developing cement packing plant in Nanggroe Aceh Darussalam (NAD) to help the government in reconstructing and rehabilitating the province at the aftermath of earthquake and tsunami more than a year ago. The management of Semen Padang predicted the cement packing plant will need a total investment of IDR19 billion. For the first step, the largest Indonesian cement manufacturer will develop cement terminal, and this process will finish on August this year. The Cor... |
Cement sector to consolidate further14 February 2006, Published under Cement NewsA year has passed since Holcim in a strategic alliance with Gujarat Ambuja Cements began the process of acquiring 34.71 per cent of ACC with capacity of 16.8Mt, the single largest stand alone Indian cement company. Markus Akerman, Holcim CEO, has come on the ACC board along with a Holcim executive committee member. But the feathers of ACC team were not ruffled in any way due to the arrival of Holcim in the capacity of promoter. A GACL official, therefore, confirms the "good experience o... |
Energy shortage hits Ugandan cement14 February 2006, Published under Cement NewsDespite donor aid cuts, the Ugandan economy continues to grow, riding mainly on the construction sector. Business & Finance’s Muhereza Kyamutetera asks Mbuvi Ngunze, Hima Cement boss - one of the sectors leading players - about the opportunities and challenges of the sector. Below are excerpts: There appears to be a construction boom, which I guess reflects well for the cement industry. Can you give us a snapshot of Hima’s performance in 2005? Our estimated growth is in the region of 8-10 p... |
Cement price skyrockets in Guyana14 February 2006, Published under Cement NewsThe retail price of cement has hit G$1600 per sack (US$8.44 or an equivalent US$168/tonne on the basis of a 50kg sack) at some outlets outside the city and shows signs that it might increase further as demand is expected to grow(report local news sources). The 2006 National Budget has projected over five per cent growth in the engineering and construction industries after similar expansion last year. Cement prices ended last year at just below G$1200 per sack after retailing for G$1080 to ... |
New producer on the horizon14 February 2006, Published under Cement NewsA group of Spanish businessmen, led by Bernard Le Genissel, have announced plans for a new 1.8Mta plant to be built close to Tangiers, Morocco. The quarry and land have been purchased and almost all the final permits are in place, along with agreements with the local port for bringing in coal and exporting cement and clinker. Tenders for this new integrated facility are now being drawn up, together with the requisite EPA. Spokesman expect a 24-month construction and start-up by early 2009. |
Cemex bullish on Colombia – price fixing claims denied13 February 2006, Published under Cement NewsThe Colombian unit of Mexico’s Cemex expects Colombian demand for cement from all suppliers this year to reach 8Mt, the record set 10 years ago, propelled by a construction boom, a top company official said on Friday. In order to keep pace, the company will invest US$20 million in Colombia this year -- double the average of the last decade, Juan Carlos Delrieu, vice president of planning and finances at Cemex Colombia, told Reuters. "If things go as we expect this year, and there is no ... |
Namibia to sign agreement on cement plant13 February 2006, Published under Cement NewsExecutives from Cheetah Cement are expected to meet with the Minster of Lands and Resettlement, Hong Jerry Ekandjo, today for an agreement to construct a factory on a farm in Otjiwarongo. The factory is to be constructed on a government resettlement farm with the name Kliffland, said Zedekias Gowaseb, a Cheetah Cement executive, and the government is expected to find other government farms to resettle the present occupants. Gowaseb said Cheetah Cement does not need the entire farm for the fa... |
Chilean cement industry to grow in 200613 February 2006, Published under Cement NewsAccording Empresas Melon Corporate Affairs Manager, Ignacio del Rio, Chile’s cement industry “will grow at a 4.5%-5% rate over the next two years”. Empresas Melon is controlled by Lafarge. In this context, the company presented the Environmental Report to build a new grinding plant in the V Region, which will demand a US$20m investment. Once approved, the project will take two years to be ready. The company plans to reach an annual output of 300,000t of cement and will supply mainly Chile... |
Investment requirements of Russian cement sector13 February 2006, Published under Cement NewsThe investment requirements of the Russian cement industry are estimated at US$5.1-6.3bn. These funds need to be invested within the next four years in the maintenance and modernization of existing facilities. Of that amount, $2.5-3b is to be committed to the construction of new cement mills. The data was cited by Eurocement Group president Mikhail Skorohod. The head of the holding stressed the need for urgent measures to overcome the crisis in the cement industry. He urged an approval of "... |
India Cements cuts employee13 February 2006, Published under Cement NewsSouthern cement major, India Cements has further pared its employee strength by around 400 through the latest round of voluntary retirement scheme (VRS). "Ever since the company entered into the corporate debt restructuring (CDR) in 2003, over 1,400 employees were given VRS, including 400 employees now," N Srinivasan, vice-chairman and MD of India Cements, said. Speaking to the FE, Mr Srinivasan said the total employee strength has come down to 3,000 compared to over 7,000 in late 90s. With ... |