Cement News tagged under: international
Iran’s cement production to rise to 60Mt by 200920 September 2004, Published under Cement NewsThe Minister of Industries and Mines Es`haq Jahangiri announced here Saturday night that Iran`s cement production could reach 60Mt by 2009. His remarks were made at an inaugural ceremony for seven industrial projects in the quake-hit city of Bam. "Iran produces some 31Mt of cement annually," Jahangiri told IRNA. He said a cement factory in Fars province with an expected annual capacity of one million tons is set to become operational by the end of the current Iranian year (March 20, 2005). ... |
TPI Polene To Pay Full $650m debt To creditors20 September 2004, Published under Cement NewsTPI Polene PCL (TPIPL.TH), Thailand’s third-largest cement maker, plans to repay all of its debt worth $650 million, without any write-down, to creditors, the Bangkok Post reported over the weekend. "I’m confident that TPI Polene’s debt restructuring is going to have a happy ending because the creditors will receive every single dollar back," TPI Polene Chief Executive Prachai Leophairatana was quoted as saying. Previously, TPI Polene had asked for a waiver of $150 million in accrued intere... |
Indian Q3 sales set to rise20 September 2004, Published under Cement NewsThe Indian cement sector is poised for growth in the third quarter with increased volumes in the first two quarters, backed by rising prices. North India will be the growth driver followed by the central region, the east, west and the south. The sector is expected to clock a 12 per cent growth in realisations for the current quarter, compared with the corresponding quarter of the previous year. The first quarter recorded a 16 per cent rise in realisations, against the first quarter in 2003... |
ACC to set up new plant20 September 2004, Published under Cement NewsThe Associated Cement Company Ltd (ACC) is planning to set up a cement plant in Madhya Pradesh and also expand the capacity of its unit. The company is likely to make investments of Rs 400-450 crore over three years in the new plant and an investment of Rs 160 crore in capacity expansion. The company’s plant at Kymore in the Rewa district has a capacity of 2.2 million tonnes per annum. The plant manufactures pure portland cement and pozlana cement. "We have sought permission for additio... |
Moldova’s Rebel Dnestr region sells plant17 September 2004, Published under Cement NewsMoldova’s self-proclaimed Transdniestria region sold the cement plant in the town of Ribnita to Hungarian construction company Tegep for $1.5 million (1.2 million euro) after a call price of $1.0 mln, the region’s official news agency Olvia-press said on Thursday. "The situation in the plant was so bad that we decided to ask a minimum price for the stake in the company," the region’s economy minister Elena Cernenco told Olvia-press. Tegep bought 90,400 shares in the plant and will be expect... |
Lafarge provides treatment for flood victims17 September 2004, Published under Cement NewsLafarge Surma Cement Limited organised a post-flood medical camp near its project site at Chhatak in Sunamganj on Sunday, says a press release. The two-day camp provided general medical check-up services and medicines for hundreds of flood victims living around the site. The company also distributed relief goods, included food items and oral saline, among them. Its employees also contributed their one day’s salary to the relief activities. Inaugurating the camp, Managing Director Yong Nga... |
Boost to GSB clampdown17 September 2004, Published under Cement NewsGhana Standard Board’s (GSB) move to crack down on cement retailers who alter the weight of bagged cement on the local market received a boost yesterdayy when the Ghana Cement Manufacturers (GHACEM) handed to it a c140 million Toyota double cabin pick up. GHACEM produces cement with respect to a standard that is between 49.5 and 50.5 kilogrammes (kg) per bag. But it is said that when the product leaves the factory, the unscrupulous retailers alter the bagged cement reducing it to 35kg or so... |
New chairman for Egyptian ASEC Cement17 September 2004, Published under Cement NewsMohammed Galal Yakout has been named chairman and managing director of Egypt’s ASEC Cement Co, part of the Egyptian-Swiss industrial group Arab Swiss Engineering Company (ASEC), it was reported on September 16, 2004. Yakout, who was previously ASEC Cement’s deputy managing director, will succeed the company’s late chairman and managing director Omar Guemei. The company’s board currently includes Khaled Osman Zaki, Mohammed Adel Abu Shadi, Amr Ibrahim el-Nahas and Ali Osman Farrag. |
Sagar Cements plans to hive off grinding unit17 September 2004, Published under Cement NewsSAGAR Cements Ltd (SCL) is planning to hive-off its grinding unit at Bayyavaram in Anakapalle taluk of Visakhapatnam district. The grinding unit is engaged in producing cement by grinding the surplus clinker made available from the company’s main cement manufacturing facility at Mattampally in Nalgonda district here. According to SCL officials, since the operating results of the grinding unit were not encouraging, the company undertook a comprehensive review of its operations and found inc... |
Cima looking to set up new cement plant16 September 2004, Published under Cement NewsCement Industries of Malaysia Bhd (CIMA), the Perlis-based national cement producer, is looking at leveraging on the increasing demand for cement from Singapore by building a new plant, possibly in Negeri Sembilan, said managing director Datuk Rosli Sharif today. CIMA, one of the core companies under the UEM Group, currently exports 300,000 tonnes of cement annually to Singapore from its total production of 2.8Mt. The company alredy has a plant at Bahau in Negeri Sembilan and another in Pe... |