Cement News tagged under: international
Pakistan cement sales up 12 per cent04 January 2006, Published under Cement NewsCement sales during the first six months of the current fiscal year registered a growth of 12.09 per cent as construction activity in the country was in full swing despite the fact that during this period prices escalated for some time. According to a statement of All Pakistan Cement Manufacturers Association, during the first half fiscal year, ending on December 31, 2005 the rate of growth in cement demand sharply contracted as compared to corresponding period of last year. Total disp... |
Cemento Melón submits new plant for approval04 January 2006, Published under Cement NewsChile’s Cemento Melón group, controlled by France’s Lafarge, has submitted to the national environmental commission (Conama) an environmental impact study (EIS) for its new cement milling plant in Region V, newspaper Diario Financiero reported. The plant would require a US$20mn investment and will complement the cement supply provided by Cemento Melón’s La Calera plant, reaching a production of some 300,000tpa. Conama - will now have 120 days to review the EIS and decide whether to issue ... |
Konya Cimento to invest in cement mill construction04 January 2006, Published under Cement NewsTurkish building materials producer Konya Cimento will invest Euro 12m in the construction of a new cement mill, the company said in a statement to the Istanbul Stock Exchange (IMKB) on January 3, 2006. Construction will start on January 16, 2006 and is to be completed in June 2007. This work will also include another Euro 1.9m in the construction of a cement silo. The two projects will be financed entirely through Konya Cimento funds. |
Indian cement sales show steady gains04 January 2006, Published under Cement NewsLocal analysts expect India’s demand (including exports) to increase by about 10Mt in the new calendar year and cross the 150Mt mark. On the other hand, the installed capacity of about 155Mt is hardly expected to increase much this year. Most of the major expansion plans announced by cement companies, including Shree Cements’ 1.25Mt and Jaypee’s 3.5Mt, will materialise only by the end of 2008 financial year. With many players, like Gujarat Ambuja, also catering to the export market, th... |
Another Chinese supplier opts for IPO03 January 2006, Published under Cement NewsChina National Building Materials, the mainland’s largest provider of products used in construction, plans to raise up to US$150m in an initial public offering in Hong Kong this quarter, market sources said. CNBM has 20 billion yuan (US$2.5bn) in total assets and earned 12 billion yuan in net income in 2004, according to its Web site. Morgan Stanley is arranging the sale. CNBM, one of 200 state-owned companies singled out by the government for support to become global players and to fen... |
Ramco to set up cement plant in Gulf03 January 2006, Published under Cement NewsIndia’s business group Ramco has started negotiations with potential partners for setting up a US$100m cement plant in the Gulf region, a senior company official said here. The Ramco group is in discussion with the potential partners for building an energy efficient plant with a capacity of 1.5Mt of cement, Ramco Group Vice Chairman P R Venket Rama Raja was quoted by Khaleej Times. The Group, which has operations in Tamil Nadu, Karnataka and Andhra Pradesh manufacturing cement, yarn, bio... |
Indonesian cement increases by 5.9 per cent03 January 2006, Published under Cement NewsThe sales volume of domestic cement in January-November 2005 has increased by 5.9 per cent to 28.864Mt from 27.244Mt in the same period in 2004. However, the total volume of domestic cement exports in the period has declined by 13.4 per cent to 6.077Mt from 7.018Mt in 2004 (reports Bisnis Indonesia). The sales volume of Semen Gresik, which seizes a 44 percent domestic cement market share, in January-November 2005, has increased by 4.2 per cent to 14.851Mt from 14.249Mt in the same perio... |
Four cement projects in Khuzestan03 January 2006, Published under Cement NewsProjects to implement four cement development plans in Khuzestan Province, Iran have already received required credit facilities and the existing capacity of 8500tpd would be increased by 14,000tpd upon completion of this venture, the head of Khuzestan Mines and Industries Organization, Nurollah Hosseinzadeh, announced on Monday. “The country’s annual cement production stands at 32Mt right now and the required credit facilities to boost the capacity to 40Mt have been supplied through vari... |
Indian coal supplies get expensive03 January 2006, Published under Cement NewsDomestic coal may soon become dearer for the cement and steel and sectors. Apparently because these sectors have been asked to source at least 20 per cent of their needs from the open market. "The energy coordination committee headed by Prime Minister Manmohan Singh had recommended that barring the power sector, existing coal linkage for other constituents of the core sector _ steel, cement and sponge iron be reduced to 80 per cent from the current 100 per cent, implying that producers ... |
Morgan Stanley, IFC US$200m bet on Conch01 January 2006, Published under Cement NewsConch Cement said 31 December that its parent would sell 180 million shares, or about 14.3 per cent of the share capital, to the two. The deal may cost up to CNY 1.61bn, or CNY 9 a share, sources said. The Shanghai-listed company is the industry largest by output. The US investment bank Morgan Stanley is set to become its third largest shareholder, while IFC, the private equity arm of the World Bank Group, number-four. The deal is pending approval from the M... |