Cement News tagged under: international
Repairs in Colorado gives rise to shortages31 October 2005, Published under Cement NewsAs recently as November 2004, Colorado was listed by industry researchers at the Portland Cement Association as not experiencing the shortage that was affecting 35 other states. But times have changed.At this month’s meeting of the El Paso County Contractors Association, more than 60 construction company representatives turned out to voice their growing frustration with partial allocations and rationed materials. Tom Urbina, marketing manager for cement manufacturer Holcim told the associ... |
Nepalese cement plant closes down31 October 2005, Published under Cement NewsHetauda [south central Nepal], 28 October: The country’s first cement plant has been closed for the past month and because of the lack of raw materials needed to produce cement, the Hetauda Cement Industry has now closed down. The industry is apparently bogged down in legal and bureaucratic procedures essential to purchase the vital raw materials and decided to close the plant. |
Semen Gresik almost doubles net profit28 October 2005, Published under Cement NewsHigher sales and production have helped Indonesia’s largest cement producer, PT Semen Gresik (SG), to a 91 per cent increase within the first nine months of the year in its unaudited financial, reports the Jakarta Post. The state-owned company said its net profit in this year’s first three quarters increased to Rp 706 billion (US$70.74m) from Rp 369 billion in the corresponding period last year. "We have far surpassed our full-year target of Rp 600 billion," said SG president director Dwi ... |
Japan Sept 2005 cement shipments up28 October 2005, Published under Cement NewsJapan cement shipments totalled 5.87Mt in August 2005, up 3.7 per cent year-on-year, the Japan Cement Association said on October 28, 2005. The figure marked a year-on-year increase for the second consecutive month. The increase can be put down to brisk domestic cement demand as well as to strong exports to the Middle East and Africa. Domestic cement shipments stood at 4.97Mt in September 2005, up 2.7 per cent, also marking a year-on-year increase for the second straight month. Overse... |
New plant for Shree Cement28 October 2005, Published under Cement NewsIndian cement producer Shree Cement Ltd, has informed BSE that the Board of Directors of the company at its meeting held on October 27, 2005, has decided to undertake implementation of a new cement project of 1.2Mta (Unit-IV). The project will be set up at Village Ras, Dist. Pali, Rajasthan, where the company is in advanced stage of completing another 1.2 million tonnes per annum capacity cement plant (Unit-III). Further the company has informed that the Board has also decided to under... |
Orascom moves into cement grinding in Spain27 October 2005, Published under Cement NewsOrascom Construction Industries has established its first manufacturing presence in Europe by acquiring a controlling interest in Cementos La Parrilla. An indirect 51 per cent stake in the company has cost the Egyptian-based group €20.7m. Cementos La Parrilla operates a grinding station with an annual capacity of 0.6Mt at an inland location near Valladolid, some 170km to the north-west of Madrid. The nearest ports, Santander and Gijón, are both some 240km away on the Bay of Biscay. Orascom a... |
Portland to build new mill27 October 2005, Published under Cement NewsThe East African Portland Cement will use its own money to finance the building of a Ksh800 million (US$10.9m) fifth clinker mill that will see its production capacity increase by nearly 100 per cent. The company, which sells its products under the brand name Blue Triangle, will also pay for the acquisition of a 49 per cent stake in the Kigali Cement Company, Rwanda. The Kigali buyout will cost East African Portland about Ksh150 million (US$2m), although the deal has yet to be sealed. ... |
Bolivian news brief27 October 2005, Published under Cement NewsBolivian cement producer Fancesa has threatened to abandon the Puente Sacramento-Puente Arce road project if it is not given more area to pave, newspaper Correo del Sur reported. "We have made our best efforts to conclude what little there is to conclude - it hasn’t been due to a lack of will but rather a lack of area to work on. We will work until mid-November and we will leave this project from that date," Fancesa CEO Gonzalo Arce was quoted as saying. Trucking transport interests ha... |
Colacem opens plant in Dominican Republic27 October 2005, Published under Cement NewsItalian cement producer Colacem officially opened on October 26, 2005 its new production plant in Santo Domingo, in the Dominican Republic. The plant will be managed by Colacem-controlled company Domicem, which will serve the markets of the Dominican Republic and the Caribbean. Colacem, owned by the Italian Colaiacovo family, invested $120m in the new plant, of which US$48m were put up by the World Bank Group’s International Finance Corporation (IFC). The production capacity of the pla... |
Tasek expects growth as market stabilises27 October 2005, Published under Cement NewsTasek Corporation Bhd expects a five per cent growth in revenue for the financial year ending June 30, 2006 from RM224.47 million in the previous year as the local cement market has stabilised and the construction sector is set to receive a boost from Budget 2006. Speaking to reporters after the company’ AGM in Sungai Buloh on Oct 26, its executive director Datuk Teo Tong Kooi said: “he outlook for the cement industry as a whole is good. The price of cement has stabilised and the latest bud... |