Cement News tagged under: international
China ready to invest in Syrian cement25 November 2005, Published under Cement NewsSyrian Minister of Economy and Trade Amer Lutfi said Wednesday that China may invest in the local cement industry. “Syria’s annual production of cement reaches 4.5Mt. People and industries in Syria are increasingly rushing for this material due to the construction development Syria is witnessing,” Lutfi said in a meeting with representatives of China’s Sinohidro Corporation. During the meeting, the minister discussed the possibility of establishing Chinese investments in Syria, particularly i... |
Cement prices in Vietnam25 November 2005, Published under Cement NewsVNCC has committed to keep the prices stable in November and December, at VND720,000-760,000/tonne in the North and 840,000-940,000 in the South. But producers will be hard put to keep the commitments, as they now face increased input prices VNCC has also said it cannot guarantee prices in 2006. World demand, forecast to rise in the Middle East and North America, is expected to raise prices by at least 4-8 per cent, which also means higher imported clinker prices. VNCC said that once the clin... |
DJ Thai Court To Rule On TPI Polene25 November 2005, Published under Cement NewsThailand’s Central Bankruptcy Court is scheduled to rule Tuesday on a petition by TPI Polene PCL to extend its debt restructuring plan for one more year to the end of 2006, the company said in a statement to the Stock Exchange of Thailand. Creditors of the company, Thailand’s third largest cement maker by sales and capacity, have agreed to the extension of the debt plan, the statement said. The company has said it is not ready to exit the debt plan by the end of this year as earlier schedul... |
Saudi-Algerian cement plant to be built25 November 2005, Published under Cement NewsA joint Saudi-Algerian cement plant worth $200m will be set up in the wilayat of Galfa, south of the Algerian capital Algiers, the chairman of the Arab Cement Union, Prince Sultan bin Mohammed bin Saud, said on November 23, 2005. The project will be carried out over a period of two years and will create some 500 jobs. The plant will have an annual output of 1.0Mt which will bring Algeria’s total cement output to 16Mta. This is the second plant with Saudi investments in Algeria, bin Saud ad... |
Eurocement Group can solve cement shortages25 November 2005, Published under Cement NewsEurocement Group, Russia’s leading producer of building materials, is willing and able to solve the cement deficit problem, which could arise before 2010 - according to forecasts by the Federal Agency for Construction and industry experts. Mikhail Tikhonov, the Head of Eurocement Group’s Prospective Development Department, reported this when speaking at the International Cement Forum, staged today in Moscow. Realisation of Eurocement’s Investment Program for 2005-2008, he assured, will enable... |
Cimpor sees strong improvement in Egypt24 November 2005, Published under Cement NewsIn the first nine months of the year, Cimpor improved its turnover by 11.8 per cent to €1158.0m, with operating margins across the group improving slightly as the operating profit at the EBITDA level rose by 12.0 per cent to €385.8m. However, a 17.6 per cent increase in amortisation and depreciation left the trading profit (EBIT) only 9.7 per cent higher at €268.5m. The net interest charge was again influenced by exceptional items, excluding which the charge would have been around €11.5m. T... |
Indonesia’s cement sales up24 November 2005, Published under Cement NewsIndonesian cement sales rose two per cent on-year to 32.33Mt in the first 10 months of this year, the cement association (ASI) said. Sales in the domestic market totaled 26.8Mt, up 6.2 per cent year-on-year, the association said. Java accounted for the largest portion or 16.98Mt of the total sales, an increase of 7.6 per cent from the same period last year, the Bisnis Indonesia daily reported. Sumatra accounted for the second largest where sales totaled 5.44Mt followed by Kalimantan 1.32Mt,... |
Can Tho cement plant to increase capacity24 November 2005, Published under Cement NewsThe Vietnamese Ha Tien 2-Can Tho cement plant in the southern city of Can Tho will expand capacity to 800,000tpa at a cost of US$1.5m in order to meet increasing regional demand. Can Tho has produced 796,000t of cement so far this year, an increase of 330,000t over the same period last year. The plant’s output is also used in HCM City and in southeastern and central areas of the country. |
Cemex to spend to increase output in Dominican Republic24 November 2005, Published under Cement NewsCemex said it would invest up to US$130m to install a new clinker production line to boost production at its San Pedro de Macorís plant in the Dominican Republic, newspaper Listín Diario reported. The investment would enable the plant to boost production to 2.2Mt of clinker a year from the current 600,000tpa, saving an estimated US$70m in clinker imports, the report said. The San Pedro de Macorís plant would become Cemex’s largest cement production facility in the Caribbean and the seventh ... |
Wage bills, power costs, shake up cement manufacturers23 November 2005, Published under Cement NewsOperating profit margins (OPM) of cement units in India have taken a hit with rising energy costs and wage bills. Increase in the sales volumes and realisations during the July-September quarter of fiscal 2005-06, though, has provided some cushion, said Assocham Eco Pulse (AEP) Sectoral analysis. Raw material cost increase by over 8 % and wage bill hike by 13.65 % played the spoilsport even as the firms recorded rising demand, showed the analysis of top 10 cement firms. The firms which sa... |