Cement News tagged under: international
Huaxin acquires stake in Cambodian plant18 June 2014, Published under Cement NewsChina's Huaxin Cement Co Ltd has bought a 40 per cent stake in Cement Chakrey Ting Factory Co Ltd of Cambodia. The US$24m investment was announced on 17 June, according to a recent company announcement. After the investment, the Cambodia cement producer's registered capital grew to US$60m from US$32m. The Hubei province-based cement manufacturer says the acquisition in Cambodia is the company's second overseas investment after establishing a subsidiary in Tajikistan in 2011. |
Malaysia: Narra Industries to buy preference share in Hume Cement18 June 2014, Published under Cement NewsNarra Industries Bhd, which is primarily an investment holding company for furniture and previously fibre cement, has won shareholder approval to diversify its business portfolio with new cement assets. The company will acquire concrete and cement assets from its sister companies under the Hong Leong Group. According to a filing with Bursa Malaysia, the vote was 99.08 per cent in favour for the resolution of acquiring Hume Industries (Malaysia) Sdn Bhd, Hume Cement Sdn Bhd (HCement) and ir... |
Burundi Cement Co receives go-ahead for limestone quarry18 June 2014, Published under Cement NewsBurundi Cement Co (BUCECO) has received government approval to start limestone exploitation on the edges of Cibitoke. Initially, the quarried limestone will meet 60 per cent of national demand but by 2020, the quarry is expected to cover the entire requirement. BUCECO was founded in 2004 by Tribert Rujugiro Ayabatwa. It currently employs 80 people. In March it announced that it had doubled production from 34,500t in 2011 to 70,500t in 2012. The producer also saw profits rise from BIF12... |
Asia Cement targets increased market share17 June 2014, Published under Cement NewsAsia Cement Corp said it plans to boost its market share in the provinces of Hubei, Jiangxi, Sichuan and Jiangsu, the company disclosed at its annual shareholders’ meeting. Through mergers and acquisitions, it aims to increase market share to above 30 per cent in five major Chinese cities: Wuhan, Nanchang, Jiujiang, Chengdu and Yangzhou. The Taiwanese producer is looking to acquire factories in Wuhan that can produce 568,000tpa of cement and plants in Nanchang with a capacity of 240,000tpa... |
Cemex Colombia investigates alternative power sources17 June 2014, Published under Cement NewsCemex is interested in landfill biogas, wind and solar energy sources in Colombia and evaluates projects of US$50m (EUR36.9m) for the next five years, Colombian daily El Tiempo said last week. Cemex wants to guarantee 100 per cent of its power supply in the country, compared to 65 per cent now. The Mexican multinational currently operates three small hydroelectric stations in Colombia and a gas-fired plant with a capacity to produce 210GWh a year in Colombia's Junin, Bucaramanga and Ibague... |
Semen Indonesia plans Padang power plant17 June 2014, Published under Cement NewsState-run cement producer, PT Semen Indonesia, is considering building a 100MW coal-fired power plant to supply its facilities in Padang, West Sumatra, the construction of which is expected to start next year. Semen Indonesia president director, Dwi Soetjipto, said the company was undertaking a study on the plan, particularly on the capacity level of the power plant. Once the plant is completed, it will supply the company's Padang cement facility, which will see an increase in electricity ... |
India: NMC plans second phase of cement roads17 June 2014, Published under Cement NewsFollowing directives from India's Minister for Shipping, Road Transport and Highways, Nitin Gadkari, Nagpur Municipal Corporation (NMC) has started to plan the second phase of cement concrete roads at an expense of INR1250m (US$207.5m) despite the fact that over 80 per cent work on the first phase is yet to be taken up. NMC sources say work on 4.5km of total target of 26km concrete roads has been completed in last three years despite a deadline of two years. Ruling party leader Praveen Dat... |
India: Telangana Government seeks cement price cuts17 June 2014, Published under Cement NewsOn Monday, the Telangana Government in southern India asked local cement companies to reduce prices. Chief Secretary to the Government, Rajiv Sarma, had asked the firms to rationalise the price in line with the demand. It may be noted that cement prices rose sharply after the formation of the new government in the centre and the two states and is hovering around INR280/bag (US$4.7) at present, marking an increase of INR60-80 in the last three weeks. According to sources, the industry capta... |
HeidelbergCement outlines Georgia investment strategy16 June 2014, Published under Cement NewsGeorgia's Ministry of Economy and Sustainable Development recently signed an agreement with HeidelbergCement which will see the German multinational invest US$100m in the country during the next five years. The value of investments made by HeidelbergCement after the start of its operations in Georgia in 2006 exceeds US$270m to date. In particular, the company will expand production at its coal quarry in Tkibuli, Imereti region, as well as consider the development of construction materials p... |
Lafarge and Holcim to make portfolio decisions in India16 June 2014, Published under Cement NewsHolcim Ltd and Lafarge SA may sell some assets in India to clear the competition hurdle and are considering units in Rajasthan and Chhattisgarh where the two companies have common presence. Holcim operates in India through Ambuja Cements Ltd and ACC Ltd, and Lafarge through Lafarge India Pvt Ltd. Lafarge runs units in Chhattisgarh, Jharkhand, Rajasthan and West Bengal while ACC and Ambuja Cements own integrated plants in Rajasthan and Chhattisgarh, among other places. "In states where ... |