Cement News tagged under: international
Shree Cement to expand18 August 2005, Published under Cement NewsBangur group-owned Shree Cement Ltd is planning to expand its production capacity to 10Mt by 2010 from 3Mt at present. The company is setting up a new cement plant of 1.2Mt at Pali in Rajasthan, which will go on stream by November this year. At present, Shree Cement has two plants in Rajasthan and a fourth unit, having a production capacity of 1.5-2Mt, will come up soon adjacent to the third unit at Pali. Following that, two or three more units will be set up with a total capacity of about 4... |
Boral’s margins hit by weaker Australian demand17 August 2005, Published under Cement NewsThe weakness in the New South Wales market had a dampening effect on Boral’s overall results for the year to the end of June. Group turnover rose by 3.5 per cent to Aus$4,297m (US$3,241m) and the EBITDA advanced by 3.1 per cent to Aus$819m (US$618m), but the trading profit only edged up by 0.7 per cent to Aus$604m (US$456m) and the pre-tax profit declined by Aus$1m to Aus$533m (US$402m). The trading profit from the construction materials and building products divisions in Australia declined... |
Oskolcement produces 1.7Mt17 August 2005, Published under Cement NewsOskolcement (member of Eurocement Group) produced 1.7Mt of cement in 7M2005, up one per cent y-o-y, the press service of Eurocement has reported. |
Lafarge Saudi JV17 August 2005, Published under Cement NewsA French/Saudi joint venture was recently established in view of building a new plaster plant in the Kingdom. The partners in the planned undertaking and their respective shareholdings include Lafarge (40%) and 13 undisclosed Saudi partners including leading businessmen and commercial and industrial groups. Construction plans under consideration call for building a plant with an initial installed production capacity of 300,000t per year at world-class manufacturing standards. The facility, of... |
Oman expansion outlined17 August 2005, Published under Cement NewsOman Cement which currently operates with an installed production capacity of 1.6Mta saw its production output decline to 405,267t during the first three months of 2005 from 412,260t a year ago, prompting the firm to import some 41,183t of cement to meet high demand due to several housing and infrastructure projects. As a result, Oman Cement recently decided to expand it production output by another 1.4Mta in order to meet increasing domestic and international demand. According to Jamal Sham... |
Quinn sets up €200m Welsh factory17 August 2005, Published under Cement NewsSean Quinn is to splash out almost €200 million to set up a new radiator facility in Wales that will employ 460 people. The Welsh local administration said yesterday it had sold a disused factory in Newport to the Quinn Group, which will set up a new European headquarters for its radiator division in the south Wales town. The new base will focus on specialist manufacturing of compact radiators and research and development activity. It will sit on the site of a former LG Philips electronics... |
Growth outlook for key Korean industries17 August 2005, Published under Cement NewsThe South Korean government on Wednesday cast a rosy outlook for the nation’s major industries, saying solid gains in exports and domestic demand will boost their growth in the second half. The nation’s 11 key industries, including shipbuilding, semiconductors and machinery are likely to do well in the July-December period after pulling off gains in the first half, the Ministry of Commerce, Industry and Energy said. Textiles should rebound after a weak start, while telecommunication, steel a... |
New cement plant for Namibia16 August 2005, Published under Cement NewsArdea Investment, an initiative undertaken by Namibians and their Brazilian business partners Carlos Alberto Ribeira, are set to construct a modern cement plant in the village of Cleveland some 5km north-west of Otjiwarongo, Namibia, in an effort to provide cheap but quality cement for local consumption. The cement product would be marked under the brand name Cheetah Cement. Currently, Namibia imports most of its cement from South Africa. According to the president of Ardea in Namibia, Z... |
Holcim may merge ACC with Ambuja Cement Eastern16 August 2005, Published under Cement NewsHolcim is reported to have indicated to the Securities and Exchange Board of India (Sebi) that it is weighing the option of merging ACC — in which it owns 34.7 per cent through majority-held Ambuja Cement India (ACIL) — with Ambuja Cement Eastern (ACEL). Holcim’s plan, it is learnt, was conveyed to the market watchdog after it clarified that ACEL, in which ACIL owns 95 per cent, needs to shore up its public shareholding — which is way below the mandatory 10 per cent — in case it wants to re... |
Cement shortage hits hard in Montana16 August 2005, Published under Cement NewsMontana contractors are apparently feeling the squeeze from high - and rising - cement prices and a worsening nationwide cement shortage. "It’s not only the cost. It’s the availability. Some of our concrete producers are under allotments. They can’t get enough cement. There simply isn’t enough to meet demand," said Cary Hegreberg, director of the Montana Contractors Association. Last May, 23 states suffered from short cement supplies. By early August, seven other states and the District ... |