Cement News tagged under: international
Russian antitrust body postpones Eurocement Group hearing23 August 2005, Published under Cement NewsRussia’ Federal Antimonopoly Service has postponed until September 30 the hearing of a case against Eurocement Group alleging it used its market weight to command cement prices in Russia, FAS said. FAS plans to consider additional materials on the company’ activities, the agency said. The probe was initially prompted by requests from various construction companies in May. Eurocement Group’s clients said then that the company had announced that it was raising prices for cement by 20% bu... |
Deputy PM urges speedier construction of two large projects, Vietnam23 August 2005, Published under Cement NewsDeputy Prime Minister Nguyen Tan Dzung yesterday urged to speed up construction of two large projects including the expanded Uong Bi Power Plant in northern Quang Ninh province and the Haiphong Cement Plant in northern Haiphong City. At the Haiphong cement project, which has been implemented with record slow construction pace for the past eight months, Deputy PM Dzung asked leaders of the Ministry of Construction, the Vietnam Cement Corp and the Management Board of the Haiphong Cement ... |
Semen Gresik July cement sales 1.48Mt; up 6.3% YoY23 August 2005, Published under Cement NewsIndonesia’s largest cement maker PT Semen Gresik’s July cement sales grew 6.3 pct year-on-year to 1.48Mt boosted by strong local sales, a report by the Indonesian Cement Association (ASI) said. The report said Semen Gresik’s domestic sales in July rose 6.7% YoY to 1.27Mt from 1.19Mt a year earlier while exports increased 4.3% to 209,972t. In first seven months to July, Semen Gresik sold 9.04Mt of cement against 8.68Mt a year ago, with domestic sales accounting for 7.96Mt against 7.42Mt... |
Cement sales grow23 August 2005, Published under Cement NewsEast African Portland Cement, one of the country’s leading producers, sold more than 60,000 tonnes of cement in July, the highest ever in the company’s history. "Compared to the monthly average of 30,000-40,000t, the sales in July are an indication of an economy picking up," Mr Tom Waiharo, Portland’s commercial manager, told the Business Intelligence. According to Waiharo, one of the main factors that have ratcheted cement sales in the past few months is the Constituency Development F... |
New Saudi cement operation23 August 2005, Published under Cement NewsA cement company with a capital of SAR1.2bn (US$320m) will start operations in al-Jouf, northern Saudi Arabia. The company will operate under the name Al-Jouf Cement. It will be a closed shareholding company and its capital has already been fully subscribed. Al-Jouf Cement will initially have a daily capacity of 5,000 tonnes, which will be later increased to 7500t. The project is expected to create 500 jobs. The cement output of Saudi Arabia’s eight listed cement companies rose to 6.456M... |
EIB provides US$150m for greenfield plant22 August 2005, Published under Cement NewsThe European Investment Bank, the European Union’s long-term lending institution, has signed loan facilities totalling US$150m (EUR 123m) with Obajana Cement PLC, a subsidiary of Dangote Industries Limited of Nigeria. US$110m is guaranteed – for commercial risks only - by Eksport Kredit Fondsen (EKF) of Denmark for US$70m and by other international banks, including Fortis Bank, for the remaining US$40m. The objective of the facilities is to finance the construction and operation of a new cem... |
Shui On to finalise investement details soon22 August 2005, Published under Cement NewsShui On Construction and Materials (Socam) chairman Vincent Lo Hong-sui says the company will finalise the details for a new investment by the end of this month. Speaking after the firm’s annual general meeting, Mr Lo would say only that the project would be connected with the construction business. Last week, Shui On teamed up with Lafarge, the world’s largest building materials maker, in a US$650m joint venture to develop the mainland’s cement business. Mr Lo also revealed that Chi... |
Cement producers ‘unjust profiteering’22 August 2005, Published under Cement NewsPakistani cement producers are indulging in “unjust profiteering” by providing cement on high prices without having any considerable increase in the production cost, said the Ministry of Industries, Production and Special Initiatives in a presentation to the prime minister. The ministry briefed the prime minister about the current prices of cement in different parts of the country. The ministry informed the prime minister at a recent meeting, that the actual cost of cement production is est... |
Cement output up in July22 August 2005, Published under Cement NewsIndian Cement production recorded a 0.77 per cent growth at 10.51Mt in July 2005, against 10.43Mt in the same month a year ago. Despatches also rose 1.17 per cent to 10.38Mt from 10.26Mt in the monthly review period, according to latest updates by Cement Manufacturers’ Association. Cement exports showed a 18.18 per cent decline to 0.27Mt last month from 0.33Mt a-year ago. |
More cement factories expected in NWFP22 August 2005, Published under Cement NewsTwo parties have shown interest in setting up cement industries in the Indian Frontier province, sources in the directorate of mineral told Daily Times. One of the interested investing parties is Dewan Salman Group and the other is running a shipping company with the name of Ghazi Shipping Company, the sources said. “Both the parties are interested in installation of cement manufacturing plants in NWFP,” he said. The source said that Dewan Salman Group had held several rounds of negotiations... |