Cement News tagged under: international
DG Khan cement review17 May 2005, Published under Cement NewsDG Khan Cement Company Limited (DGKCC) was established under the management control of State Cement Corporation of Pakistan Ltd (SCCP) in 1978. DGKCC started its commercial production in April 1986 with 2000 tonnes per day (tpd) clinker based on dry process technology. Plant and machinery was supplied by UBE Industries of Japan. Nishat Group acquired DGKCC in 1992 under privatisation scheme of the government. The company started optimising by raising the capacity immediately after the privat... |
Padang earthquake – no damage to plant17 May 2005, Published under Cement NewsA strong earthquake of magnitude 6.9 rattled Indonesia’s Sumatra island on Saturday, and residents fled their homes for higher ground fearing a possible tsunami, an official said. There were no immediate reports of casualties or damage. The Indonesian Meteorological and Geophysical Agency in Jakarta said the epicentre was about 50 kms (30 miles) northwest of the West Sumatra city of Padang. The quake also was felt in Nias island, which was hit by an 8.7 magnitude quake on March 28 that kille... |
South Africa’s April cement sales soar16 May 2005, Published under Cement NewsSouth African cement sales soared by 28 per cent year-on-year (y/y) to 971,604t after climbing by only 2.1 per cent y/y in March 2005 to 924,652t. The y/y comparisons are distorted by Easter falling in March this year, whereas in 2004 it fell in April. In November 2004, South African cement sales surged by 26.1 per cent y/y to a record 1,103,317t, but this slowed to a 7.8 per cent y/y increase to 724,051t in December 2004 with a further easing to 7.1 per cent y/y increase to 605,290t in... |
Government Approves Semen Gresik’s new plant16 May 2005, Published under Cement NewsThe Government of Indonesia approved the plan of PT Semen Gresik Tbk to develop a new cement facility at the investment value of US$400m to boost its production capacity. The President Director of the company, Satriyo, said that the company would use internal fund to develop such facility, with the additional capacity of 2.5Mta. "We also will be able to use some fund from bonds issuance or from banking loans to finance such investment," Bloomberg quoted him as saying. The group of Se... |
Indian Cement industry to face continued oversupply?16 May 2005, Published under Cement NewsWith more than 6 million tonnes of capacity addition in the pipeline in the next three years, the Indian cement industry could continue to remain under the surplus condition. As per the estimates, OCL India (Orissa) will increase its capacity by 0.7Mt by April 2005, Dalmia Cement (Tamil Nadu) by 1.4Mt by September and Shree Cement (Rajasthan) by one million tonne by the year-end. Meanwhile, Jaypee group’s 3Mt greenfield project will be commissioned by 2007 in Himachal Pradesh. There is likel... |
Philippines Republic Cement sees tough year13 May 2005, Published under Cement NewsRepublic Cement Corp, part of the worldwide Lafarge empire, expects a tough year in 2005 as it grapples with rising production costs, continued tight government spending on infrastructure, and a possible decline in sales volume. "The (cement) market will at best be flat," Republic Cement President Juan Miguel Montinola told Dow Jones Newswires Thursday. "Cement prices are stable, but cost remains a challenge due to the rising cost of power." Energy regulators last month raised the power r... |
China’s output of cement in March 200513 May 2005, Published under Cement NewsChina produced 72.794Mt of cement in March 2005. The output in January-March reached 172.296Mt, up 1.2 per cent year on year, according to the National Bureau of Statistics. In January 2005, China produced 54.611Mt and in February a further 43.436Mt. |
Rajasthan may slip up on cement output13 May 2005, Published under Cement NewsThe largest cement producing state in India, Rajasthan, where no substantial capacity additions have occurred in the past five years, will soon be required to enhance production capacity in the state in view of the surge in demand. In the absence of that, the government and the state would lose substantially, according to a study by the PHD Chamber of Commerce and Industry. "If there is no augmentation of capacity in the state, the increase in demand would have to be met by producers fro... |
Laos cement update13 May 2005, Published under Cement NewsWith more than US$10m being used to buy imported cement, news that a local factory is pushing ahead with production improvements is welcome news to government planner. Vanvieng Cement Factory with a proposed capacity of 300,000tpa, is a joint venture between the Lao PDR as Agriculture and Industry Development Enterprise, with 40 per cent ownership, and the Chinese Yunnan International Economic-Technical Cooperation Company (60 per cent). To date, the plant is endevouring to upgrade to mee... |
Sebi gives Holcim okay for Ambuja Eastern open offer12 May 2005, Published under Cement NewsAfter a four-month delay, Holcim on Wednesday received the go-ahead from Sebi to make its open offer to minority shareholders of Ambuja Cement Eastern (ACEL), who have a five per cent shareholding in the company. The Swiss cement giant, through majority-owned Ambuja Cement India (ACIL), recently completed its open offer for ACC, in which it now owns a 34.7 per cent stake. Sebi has said that since ACEL - which was acquired by Gujarat Ambuja Cements in the mid1990s - had given an unde... |