Cement News tagged under: international
Hetauda Cement resumes production13 February 2006, Published under Cement NewsHetauda Cement Industry Limited (HCIL) in Nepal has resumed production from Saturday. One of the largest cement factories in Nepal, HCIL had shut down its production since January 23 "to repair production plant." "Now that the production plant has been repaired production resumes," said Ramesh Aryal, the General Manager of HCIL. He also added that though the production was stalled for 20 days, there was no scarcity of cement in the local market as the factory had a stock of 200 thousand bags... |
Enugu Govt frustrates reactivation of Nkalagu Cement13 February 2006, Published under Cement NewsThe delay in the reactivation of the moribund Nigeria Cement factory, Nkalagu, owned by the five states in the Southeast geopolitical zone, has been attributed to the failure of the Enugu State government to relinquish its share certificate to the core investor – Eagle Cement Nigeria Limited. Secretary to the Ebonyi State Government (SSG), Professor Ozo Nweke Ozo, who announced this at the weekend in his office, said that other states in the zone had submitted their own share certificates t... |
CRH denies Uniland share purchase is ’unlawful and fraudulent’10 February 2006, Published under Cement NewsCRH has categorically rejected the allegations by Spanish cement group Corporacion Uniland SA that its purchase of a 26.3 per cent shareholding in Uniland was ’unlawful and fraudulent’. Earlier, Uniland said it was starting legal action against CRH in an effort to overturn the share purchase. CRH bought the stake six weeks ago for EUR300m. CRH bought the shares after some Uniland family members sold their shares to a series of Spanish holding companies who were then bought out by CRH... |
Cimpor buys Spain Aridos del Cantabrico for EUR 7.7m10 February 2006, Published under Cement NewsCimpor via its Spanish subsidiary Corporacion Noroeste de Hormigones Y Aridos, has acquired the entire stake of Spanish aggregate company Aridos del Cantabrico for a total EUR7.7m (US$9.227m), Cimpor said in a statement. According to the statement, the deal was closed on February 7, 2006. Aridos del Cantabrico’s main activity consists of extracting, screening and commercialising aggregates. Its installed capacity is 250,000tpa. The company is exploring its own quarry, located in Spain’s ... |
Taiwan’s cement exports seen to rise substantially in 1H10 February 2006, Published under Cement NewsThanks to the growing demand from the mainland China market, Taiwan’s domestic cement industry is expected to see substantial growth in exports and a slight increase in domestic sales this year. Some of the island’s biggest cement makers, including Taiwan Cement Corp., Asia Cement Corp and Chia Hsin Cement Corp, said the size of their growth would hinge on the amount of orders placed by customers in mainland China. These cement firms will bring new manufacturing capacities online in the ... |
Vietnam to consume 31.5-32Mt of cement in 200610 February 2006, Published under Cement NewsVietnam is predicted to consume 31.5-32Mt of cement this year, up 6.8-8.47% against last year, according to the Ministry of Planning and Investment. Of the total, the State-owned Vietnam Cement Corporation (VNCC) plans to provide the local market with 13.3-13.5Mt of cement and 9.15Mt of clinker in 2006, up 2.3% and 5%, respectively, from 2005. Meanwhile, joint venture companies will produce 9.6-9.7Mt of cement, blast-furnace cement plants are to turn out 5.2-5.3Mt, and cement grinding b... |
Colombian cement producers agree price cut09 February 2006, Published under Cement NewsCement makers in Colombia have agreed with the government to reduce their prices after the country’s antitrust authority began an investigation into whether three main cement companies formed a cartel. "Concerned by the evolution of nationwide cement prices, the government and businessmen from the sector reached the conclusion that the country requires a reasonable, stable and non-speculative price," the President’s office said in a statement late Tuesday. "This stability implies a lower p... |
Holcim enters UAE cement market09 February 2006, Published under Cement NewsHolcim Trading, a fully-owned subsidiary of Holcim Ltd, has acquired a 25 per cent stake in National Cement Factory (NCF) based in Abu Dhabi, United Arab Emirates (UAE). The company was founded in 2005 by the Emirates International Investment Company and other local investors with the purpose to build a grinding station in Abu Dhabi. The installation with an annual capacity of more than 2Mt of cement is expected to be operational in the first quarter of 2007. Holcim will assume management an... |
Century Textiles expanding cement activities09 February 2006, Published under Cement NewsCentury Textiles & Industries Ltd, a BK Birla Group company, is expanding its cement business by setting up a stand-alone grinding unit in West Bengal. According to a senior official of the BK Birla Group, the company is currently purchasing land in the northern part of West Bengal. The proposed plant would produce Century branded cement. The cost of the entire project has been pegged at Rs 220 crore. When asked about the funding mechanism, the official said: "Century is a cash-rich organi... |
Saudi company to open plant in Jordan09 February 2006, Published under Cement NewsArabian Cement Company (ACC) said in late January 2006 it would launch a feasibility study on the possibility to set up a cement plant in Jordan. The project is to be carried out jointly with an unnamed Jordanian investment company. The plant will produce grey and white Portland cement with a projected annual capacity of up to 2Mta. No financial details regarding the project were disclosed. In December 2005, ACC started an expansion project at its plant in Rabigh, southwestern Saudi Ara... |