Cement News tagged under: international
Tafico to call for tender to build cement plant27 December 2004, Published under Cement NewsFico-Tay Ninh Joint Stock Cement Company (Tafico) will invite bidders for an EPC (Engineering, Procurement, and Construction) contract to build a cement plant at Tay Ninh province, said the project owner. Nguyen Tran Nam, general director of Construction Material General Company No.1 (Fico), told a function yesterday in HCMC that legal procedures for business had been completed. Other auxiliary constructions such as site clearance, power and water supplies, and post and telecommunication... |
Indonesia’s Semen Tonasa to reduce exports24 December 2004, Published under Cement NewsState-owned cement maker PT Semen Tonasa said it will reduce cement exports in 2005 to prevent a shortage in supply on the domestic market. Company president Sadman said shortage is feared with fast growing demand for infrastructure projects in the country. Normally, PT Semen Tonasa, which has an annual production of 3Mt, exports around 800,000t of cement a year, Sadman said. Exports will be reduced to around 500,000t in 2005, he said. The company also is studying the possibility o... |
YTL Cement may spend more for Perak-Hanjong24 December 2004, Published under Cement NewsYTL Cement Bhd is likely to spend in excess of RM100 million in cash for its general offer for the rest of Perak-Hanjong Simen Sdn Bhd shares that it does not own. The company, which has control of 64.84 per cent in Perak-Hanjong, served a takeover notice to the latter’s board yesterday and will pay RM1 each for the rest of the shares, or 35.16 per cent in Perak-Hanjoong. YTL Cement yesterday completed two purchases that led to the general offer. The first was the acquisition of 107.7 mi... |
India Shree Cement expects improvements24 December 2004, Published under Cement NewsShree Cement Ltd, a mid-sized Indian cement maker, expects strong demand and rising construction activity to boost revenue by 15 per cent in the current fiscal year, a senior company executive said Thursday to Dow Jones reporters. "Currently, demand for cement is far more than supply. This is keeping the prices firm. I am confident our revenue this year would grow by 15%," Managing Director H.M. Bangur told Dow Jones Newswires. Shree Cement posted INR4.73 billion in revenue in the previous... |
Nevyan Cement plant started shipment to Kazakhstan24 December 2004, Published under Cement NewsThe Nevyan Cement plant of Sverdlovsk oblast of the Russian Federation has started shipping cement to Kazakhstan. This is the first exports of the enterprise after it had joined the Eurocement Group, said a company official. At present an increase of supplies to Kazakhstan is being negotiated. Nevyan Cement is one of rapidly developing enterprises of this Russian region. For the first time its output reached 1Mt in 2004. |
Cement exports slip as companies battle23 December 2004, Published under Cement NewsDespite robust international prices on the back of a construction boom in the Middle East, cement exports from India, which saw a major surge in the recent months, have begun to slip for the first time. Exports have taken a backseat as West Coast-based cement manufacturers are busy fighting for market share in Gujarat, even though export realisations continue to be more attractive. Manufacturers say that high freight rates and non-availability of ships are also posing major problems f... |
United Cement Company has invested $23m23 December 2004, Published under Cement NewsUnited Cement Company of Nigeria (UNICEM) has invested $23m (N2.9 billion) on its plant’s upgrade, to turn round the fortunes of the firm. The company, which started production eight months ago is jointly owned by Flour Mills of Nigeria Plc and Holcim Trading, a wholly-owned subsidiary of Holcim. Incorporated in October 2002, Unicem purchased from the liquidator the assets of the erstwhile Calabar Cement Company (CALCEMCO), which was joined by the Federal and Cross River State governmen... |
Marginal fall in infrastructure growth, India23 December 2004, Published under Cement NewsThere has been a marginal decline in infrastructure sector growth in November this year as compared to the same month last year. The overall growth rate came down by one per cent to reach the level of 5 per cent in November, mainly due to the slowdown in growth of petroleum refining, electricity generation and production of finished steel (reports The Hindu newspaper). However, during April-November, the growth in the core sectors: crude petroleum, petroleum refined products, coal, elect... |
Shui On Construction in China deal23 December 2004, Published under Cement NewsShui On directors are pleased to announce that on 20 December 2004, SIL, an indirect wholly owned subsidiary of the Company, entered into a Framework Agreement with GWL and GSL to establish a Joint Venture Company with a term of 50 years to carry out cement manufacturing and trading in the PRC GSL (Guizhou Shuicheng Cement Co) is a company limited by shares incorporated in the PRC with limited liability, which is principally engaged in manufacturing and trading of cement in Guizhou. GWL (... |
Are cartels good for Pakistan?23 December 2004, Published under Cement NewsWhen Pakistani Daily Times interviewed Prime Minister Shaukat Aziz in October, the following question was put to him: The government has opened up business and liberalized the environment. But, regulatory controls remain weak and hence we see monopolistic practices and cartels in major industries from cement to automobiles. What do you plan to do about this? His answer: The Monopoly Control Authority looks at these. There may be industry associations but in cement for example, everyone is... |