Cement News tagged under: international
Garadagh cement plans EBRD funding10 November 2004, Published under Cement NewsThe executive board of Holcim prepares to sanction an overhaul of the company’s cement plant in Baku controlled by the joint-stock company Garadagh Cement. The overhaul will include the migration to the semi-dry production period while the daily operating capacity of the plan will be raised from 2600tpd to 3500tpd clinker. Azer-press learned from the chairman of the board of Garadagh Cement Uwe Koehler that the overhaul can be sanctioned either in mid or in late December. The first steps ... |
Argentina Loma Negra in advanced talks with Camargo Correa10 November 2004, Published under Cement NewsArgentina’s largest cement maker Loma Negra is in advanced negotiations over its sale to Brazilian Caue Solucioes Construtivas, owned by the Brazilian sector group Camargo Correa, it was reported on November 9, 2004. Loma Negra is expected to be sold to Camargo Correa for some $1.0 bln (Euro774m). US investment bank JP Morgan and Buenos Aires-based law company Marval, O’Farrell & Mairal will take part in the operation. The information was neither confirmed, nor denied by Loma Negra, owne... |
TPIPL to spend $150m to expand capacity10 November 2004, Published under Cement NewsTPI Polene Plc (TPIPL), Thailand’s third-largest cement producer, said it plans to spend about $150m in its project to expand its cement production capacity by 3.3Mta to service the increasing demand for cement boosted by the government’s infrastructure development projects. TPIPL currently has a total production capacity of 9.9 million tonnes annually. The company’s senior executive vice president, Prasert Itthimekin, said the production capacity increase plan will be proposed to TPIPL’... |
Shikapwasha Deports Chilanga Cement GM10 November 2004, Published under Cement NewsZambian home affairs minister Lt Gen Ronnie Shikapwasha has ordered the deportation of Chilanga Cement general manager Ian Coulter. Immigration public relations officer Mulako Mbangweta yesterday said Coulter, 58, a Zimbabwean national, was deported because he was a danger to peace and good order in Zambia. "He is Gazetted as a deportee in Gazette notice number 649 of 5th November 2004," Mbangweta said. "Ten prohibited immigrants currently detained pending investigations were over the weekend... |
New cement plant to be built in Morocco09 November 2004, Published under Cement NewsHolcim will build a new cement plant with an annual capacity of 1.7Mt in Morocco’s principal market of Casablanca. This will enable Holcim to meet over the long term the rapid market growth forecast for cement-intensive infrastructure construction and new housing projects. Scheduled to come on line in 2008, the plant will be located at Settat, 70 km south of Casablanca. Thanks to state-of-the-art technology, Holcim will secure the highest environmental standards and cost leadership in the ma... |
Gresik predicts stagnation in sales09 November 2004, Published under Cement NewsState-owned cement maker PT Semen Gresik is targeting only a 10 per cent increase in net profit this year with sales stagnating at around Rp5 trillion (US$554.89m) to Rp5.5 trillion . Sales are not expected to increase with the rising costs of energy, electricity and fuel, said S.G. Cholil Hasan, finance director of the country’s largest cement producer. Hasan said this year sales are estimated to reach 15Mt with prices around US$39 per ton. Next year sales are predicted to rise 8 per cent.... |
GCC cement industry sets to grow at 9.5 percent09 November 2004, Published under Cement NewsThe cement industry of the Gulf Cooperation Council (GCC) countries is set to grow at an compounded annual growth rate of 9.5 per cent till 2006, local newspaper the Khaleej Times daily reported Tuesday. According to a latest research report from the Global Investment House (GIH), the GCC cement industry’s share among the Middle East and North Africa countries is expected to surge to more than 35 per cent of the total consumption. The consumption of cement in the region was 107.0Mt in 200... |
Cimpor buys 49 pct of Angola’s Nova Cimangola09 November 2004, Published under Cement NewsCimentos de Portugal SGPS SA (Cimpor) said it has acquired from two companies belonging to Holcim AG and HeidelbergCement AG, the entire share capital of Scanang Holding Ltd, whose sole asset is a 49 per cent stake in Angola’s Nova Cimangola SA. The other main shareholders in Nova Cimangola are the Angolan government with 39.8 per cent and Banco BAI with 9.5 per cent. Nova Cimangola has an integrated cement factory located near Luanda, the capital, with a clinker production capacity o... |
Cement rises 17 per cent rise in October09 November 2004, Published under Cement NewsThe Indian cement sector is finally showing strong signs of revival, with industry shipments recording a 17 per cent growth last month, the highest in recent times, thanks to the surge in housing demand in the northern and western markets. Even as domestic realisations - which held on even during the crucial monsoon months - are facing a sharp decline in many regions, the rather modest industry volumes are finally looking up. Industry shipments last month shot up 17 per cent to 10.6Mt, th... |
ACC cuts staff at Bargarh09 November 2004, Published under Cement NewsSix months after taking control of Idcol Cement - now named Bargarh Cement - ACC, the country’s second largest cement manufacturer, has kicked off a major manpower rationalisation effort to improve profitability. Bargarh Cement, the 1.5Mt cement maker, now wholly-owned by ACC, recently cut manpower strength by 15 per cent to 800, and this number could go up further in the coming months. Company officials say that the improvement in operations, coupled with the reduction in manpower, has e... |