Cement News tagged under: international
Cement makers to benefit from construction boost27 January 2006, Published under Cement NewsSouth Africa’s cement producers are anticipating bumper profits as the government invests billions of rand in infrastructure, and as work starts on a big rail link-up and the 2010 soccer World Cup facilities. The country has seen a surge in building activity, especially residential, on the back of lower interest rates and a series of tax cuts over the last several years that have boosted the spending power of South Africa’s middle class. Demand for new houses is seen slowing, but experts say... |
Ash Grove to Spend to expand Foreman plant27 January 2006, Published under Cement NewsAsh Grove Cement Co has announced that it will spend about US$190m to expand its portland cement manufacturing plant in Foreman. The project, to begin in 2007 and take about two years to finish, will almost completely rebuild the existing plant, the company said. The expanded plant will produce 1.7Mt of portland cement per year, a capacity increase of about 700,000t of cement per year. The current plant was built in 1958 and purchased by Ash Grove in 1985. It employs 160. The company said... |
Investors to set up cement factory in Kogi27 January 2006, Published under Cement NewsRoyal HTM Group International and a local firm, Ado Ibrahim Ibrahim and Company Limited, in joint ventures have proposed the establishment of cement factory in Okene area of Kogi State, Nigeria. Disclosing this to the Nigerian Tribune at Okene on Tuesday, Alhaji Ado Ibrahim, the Attah of Ebiraland, stated that his company, along with the foreign firm, had concluded arraingements for the take-off of the company. The traditional ruler, who received the chairman of the company, Mr. Boris Bi... |
Venezuelan plant taking shape27 January 2006, Published under Cement NewsVenezuelan authorities planning to invest US$220m in the construction of a cement plant with the help of Iran and have already paid US$48.5m to an Iranian firm as a first installment under the deal, local press reported. The cement company Cemento Cerro Azul, which will run the new plant, will be founded as a subsidiary of the basic industries firm Compaa Nacional de Industrias Bsicas (Coniba), which itself will be launched on January 30. The cement company and the new plant will be based... |
Eagle Materials announces strong profit growth26 January 2006, Published under Cement NewsThe US building materials producer Eagle Materials has announced 37.8 per cent increase in turnover to US$638.1m for the nine months to the end of December, with the trading profit advancing by 47.3 per cent to US$189.9m and the pre-tax profit by 46.5 per cent to US$174.8m. Underlying turnover in the cement business rose by 35.6 per cent to US$215.8m and helped by taking full ownership of Illinois Cement Company, the overall profit from the cement activities advanced by 32.6 per cent to U... |
Construction begins on Cambodia cement plant26 January 2006, Published under Cement NewsConstruction began Thursday on Cambodia’s largest cement factory, a US$82m project aimed at tapping into a growing construction market in the impoverished Southeast Asian country, officials said. The project is a joint venture between Khaou Chuly MKK Co Ltd., a Cambodian construction and engineering company, and Thailand’s Siam Cement Group. "It is quite a serious and major investment. This is the biggest cement plant ever built in our country," said Khaou Phallaboth, chairman of Khaou Chul... |
Orascom invests in Turkey26 January 2006, Published under Cement NewsOrascom Construction Industries announced that it has completed the acquisition of an integrated cement plant in Eastern Turkey near the City of Van for a total consideration of US$54m. The plant has an annual cement production capacity of 0.6Mt with large potential for upgrade, which implies an acquisition cost per ton of US$97. The Van cement plant assets were sold to OCI through a public auction conducted by the Turkish Savings & Deposits Fund. OCI Chief Executive Officer, Mr. Nassef Sawi... |
Indonesia 2005 cement consumption26 January 2006, Published under Cement NewsDomestic cement consumption grew 5 per cent to 31.51Mt in 2005 from 30.04Mt a year earlier, the Indonesian Cement Association (ASI) said. Cement exports also rose 11.6 per cent to 3.29Mt from 2.95Mt previously while clinker exports dropped 26.9 per cent to 3.42Mt, the association said in a report. It said among the major domestic markets, cement consumption in Jakarta grew 4.5 per cent to 3.67 mln tons in 2005 while sales in the nearby province of Banten rose 20 per cent to 2.10 mln tons fr... |
Cement Consumption in Spain at record high26 January 2006, Published under Cement NewsCement consumption in Spain rose by 5.2 per cent year-on-year to an all-time high 50.4Mt in 2005, the Spanish cement makers association Oficemen said on January 24, 2006. Cement output in Spain stood at 49.3Mt, rising by 5.7 per cent. Spanish cement imports totalled 9.3Mt, up 13.6 per cent. Exports decreased by 14.9 per cent to 1.35Mt Cement consumption totalled 3.6Mt in December 2005, up 6.6 per cent year-on-year. |
Lafarge UK to move26 January 2006, Published under Cement NewsLafarge Cement UK is moving its headquarters from Chilton in Oxfordshire to new purpose-built premises at the NEC, Birmingham. The firm yesterday said the offices would also serve as a showcase for "sustainable construction in cementitious materials". The building will be developed by West Midlands firm Stoford Developments on a site immediately adjacent to the NEC, Birmingham International Railway Station and Birmingham International Airport. Stoford has already applied for planning permiss... |