Cement News tagged under: international
Cement prices up Rs 20 per 50 kg bag in south05 April 2004, Published under Cement NewsDomestic cement majors operating in the southern markets of India have increased the prices of 50 kg bag by Rs 20. According to sources, the firms may go on a despatch holiday in the southern market to enforce this price hike. The despatch holiday could last for a week. Senior industry sources confirmed the price hike and said that the restriction of supply could be a conscious move to push the prices northwards. Major companies that operate in the southern market are Aditya Birla group m... |
INC settles foreign debts05 April 2004, Published under Cement NewsThe state owned cement major INC (Industria Nacional del Cemento) in Paraguay has settled the payment of US$800,000 with French banks, reducing its debt to US$2.65m. Prior to that on 1993, and to avoid the company bankruptcy with the auction of its assets, the Treasury has taken over responsibility on its debts of US$132m, exchanged for assets of INC over the last years. Recently, part of the remainder debts of INC with the Treasury, is to be paid with the supply of 150,000t of cement over fo... |
Anhui Conch building cement production lines in Xuzhou05 April 2004, Published under Cement NewsAnhui Conch Cement Co. Ltd. one of China’s largest cement makers, has started a project of two cement production lines in Xuzhou City with Xuzhou Municipal Government of Jiangsu Province. The total investment of the project is CNY 1.8 billion (USD 1 = CNY 8.2771). The daily output of cement clinkers of each production line will reach 10,000t. The annual output will amount to 6.2Mt after the project is completed. It will be the largest cement manufacturing base in China. The first phase of t... |
Everest climbs02 April 2004, Published under Cement NewsEverest Industries Ltd, a subsidiary of Associated Cement Companies (ACC), is increasing its manufacturing capacity from 300,000tpa to 450,000tpa. The plan includes scaling up capacity at its Kymore (Madhya Pradesh) and Coimbatore (Tamil Nadu) units and setting up a new unit, with an investment of Rs25 crore, for manufacturing new-technology products, like fibre cement boards. The company will fund the project through internal accruals. EIL is now exporting cement boards to Middle East and ex... |
Cemex in dispute with Nicaraguan producer02 April 2004, Published under Cement NewsCemex is reportedly in dispute with Nicaragua’s state-owned cement maker Cementera Nacional (Canal) over the terms of a lease contract for a plant in Nicaragua, it was reported on March 30, 2004. The lease for a period of 25 years was signed in 2001. According to Canal, the contract terms included the plant’s liabilities, which totalled some US$3.0m to date. Canal’s management threatened to undertake legal action against Cemex, but Cemex CEO, Mauricio Sanz Santamaria, said that he doubted ... |
Arab White Cement02 April 2004, Published under Cement NewsJordan-based cement producer Arab White Cement Co (AWCC) posted a gross profit of 2.1 mln Jordanian dinars (US$3.0m) for 2003, down from 2.6 mln dinars (US$3.7m) for 2002, it was reported on March 31, 2004. The company reported sales of 110,000t worth 7.7 mln dinars (US$10.9m) in 2003, compared to 112,000t for 7.9 mln dinars (US$11.2m) in 2002. The decline is mainly a result of the Iraqi crisis and the unstable situation in the region, the company said. Currently, AWCC’s annual output stand... |
Jaypee Cement plans new unit02 April 2004, Published under Cement NewsIndia: Jaypee Cement Ltd is planning to set up a 4.5Mta grinding plant at Tanda in Uttar Pradesh with an investment of Rs750 crore. "This is a big investment in UP, and we are expanding our base fast," Arun Kumar, general manager (marketing), told reporters. The company also plans to increase the production capacity of its Rewa unit in Madhya Pradesh from 5.5Mt to 6.5Mt. In Uttaranchal, the company is setting up new distribution points at Luxor and Harrawala in the Garhwal region and Hal... |
Guj Ambuja cement shipments up02 April 2004, Published under Cement NewsGujarat Ambuja Cements Ltd (GACL) along with Ambuja Cement Eastern Ltd. and Ambuja Cement Rajasthan Ltd. has dispatched 13.24Mt of cement during April-March 2003-04 against 11.88Mt in the corresponding period last year, registering a growth of 11.4 per cent. This is a remarkable growth considering the fact that the growth of the cement industry during the same period is likely to be about five per cent, said Gujarat Ambuja adding that total industry dispatches are expected to be about 117Mt f... |
Lafarge buys US concrete company01 April 2004, Published under Cement NewsLafarge Building Materials Inc a wholly-owned subsidiary of Lafarge which holds the former cement and ready-mix assets of Blue Circle in the United States, has completed the acquisition of the assets of the Ready-Mix Concrete and Cement divisions of The Concrete Company of Columbus, Georgia. The Concrete Company is a major cement importer and producer of ready-mix concrete, precast concrete and concrete pipe, and construction aggregates in the southeastern United States. The purchased as... |
UAE Gulf Cement Produces 1.4Mt cement in 200301 April 2004, Published under Cement NewsUAE cement company Gulf Cement Gulf Cement, based in the UAE emirate of Ras al-Khaimah, produced a total of 1.4Mt of cement in 2003 and reported clinker output of some 1.23Mt for the year, it was reported on March 31, 2004. The company’s sales of cement and clinker rose to 1.58Mt in 2003 from 1.49Mt in 2002 and its sales of blast furnace slag registered a significant increase over the period. In 2003, some 61.9 per cent of Gulf Cement production was sold on the local market, while the remaini... |