Cement News tagged under: international
Russian Cement Industry needs US$5bn in Investment by 201009 June 2005, Published under Cement NewsRussian cement industry investment requirements of up to US$5bn for the rest of this decade were revealed this week by Michael Skhorohod, President of Eurocement Group, during the XIII International Conference “The Cement Industry and the Market” held June 7-8 at Moscow’s President Hotel. This need is a result of the challenge presented by the President of the Russian Federation to provide for the construction of 70-80Mm2 of habitation by 2010. Thus, domestic manufacturers will need to produ... |
Amran Cement production to be increased soon09 June 2005, Published under Cement NewsAmran Cement Factory will increase its production from 611,715t to 750.000tpa the factory director said Tuesday. Noman Doweid said in a press statement said that the cost of the new line of production, now complete by 90 per cent, was YR 29b at the funding of the factory. "The new line would supply 50 per cent of the needs of the local markets," he added. |
Eurocement Group to build two cement mills which cost US$450m09 June 2005, Published under Cement NewsEurocement Group JSC expects to build two cement mills in the near future, President of the Company Mikhail Skorokhod said. According to him, the building companies will face deficit of cement in 2007. Besides, the Company’s assets depreciation exceeds 70 per cent, so it has to renovate the facilities. Therefore a technical retooling program for 2005-07 was worked out. It will allow the Holding to increase cement production by 5.2Mt by 2008. The two new mills will account for the major part ... |
Evrocement Group cuts costs09 June 2005, Published under Cement NewsEvrocement Group will stop using intermediary sale companies and reinvest the saved funds into modernisation. Evrocement also stated that it would prove the validity of its prices and warned that, unless investments are attracted into the cement industry within two years, Russia will encounter cement shortages, starting in 2007. Evrocement plans to enter the stock market by that time. In February, the RUSSIA PARTNERS fund, which owns 44 per cent of Evrocement, sought a court ruling to for... |
SIAM Cement: SCC’s Cement Investment in Cambodia09 June 2005, Published under Cement NewsThe Board of Directors of The Siam Cement Plc (SCC) has approved a 3200 MB cement investment in Cambodia, whereby SCC will hold a major stake in the venture, while a local investor will take up the remaining shares. |
Cement powder of Ararat town causes illnesses09 June 2005, Published under Cement NewsToday the Caucasian region ecological center organized in Ararat a conference with the theme “Environmental Protection For the Welfare of the Coming Generations and Steady Development”. The aim of the conference was create a field of cooperation and experience exchange between Ararat and other regions in Armenia and the highlight the ecological problems of Ararat. According to Dshkhuhi Sahakyan, expert of the Ararat local environment activities program, the town of Ararat has serious pro... |
Strong demand tightens cement supplies, USA08 June 2005, Published under Cement NewsStrong demand for cement again this construction season is resulting in tight supplies in some areas of the country, according to a report released by the Portland Cement Association. "Because mortgage rates have remained near historic lows, home building continues to be very strong," says PCA Chief Economist Ed Sullivan. "In addition, nonresidential and public construction is also expected to increase as the economy improves." According to PCA’s May 2005 survey of cement supplie... |
Cemex Venezuela sees boost from government housing08 June 2005, Published under Cement NewsCemex Venezuela , plans to boost Venezuelan sales as much as 18 per cent by supplying a new low-cost product to government housing programs, Cemex executives said Tuesday. The executives expect sales in Venezuela to rise to 2.4Mt by the end of the year from around 2Mt. Cemex Venezuela produces a total of nearly 4Mt a year and has subsidiaries in Panama and the Dominican Republic. The new Venezuela product, called "Solidarity Cement", would be sold at a price of 6,990 bolivars ($3.2... |
Sabanci Holding eyes Romania’s cement market08 June 2005, Published under Cement NewsSabanci Holding, Turkey’s second business group, is interested in opening a cement factory in Romania with a $150m investment and an estimated capacity of one 1Mta, Bucharest Daily News reported. The president of the Administration Council, Guler Sabanci, met Economy and Commerce minister Codrut Seres on Thursday in Bucharest and solicited the support of this institution for this green-field operation. Sabanci also aims to become involved in marketing domestic or imported electrical ener... |
Votorantim goes abroad08 June 2005, Published under Cement NewsAccording to the chairman of the Brazilian industrial company Votorantim, Antonio Erminio de Moraes, the expansion of the group abroad is totally necessary and the acquisition of cement assets in the US and Canada was pushed by the stagnant scenario in Brazil. Votorantim owns a 6% share in the US cement market. However the company does not intend to invest in metal assets overseas (aluminum, zinc, nickel and steel). The aluminum division CBA, celebrating 50 years of operations, is expanding c... |