Cement News tagged under: international
India: Century Textiles to raise capacity to 12.8Mta by end-FY1427 June 2013, Published under Cement NewsBK Birla-led Century Textiles is ramping up cement capacity to 12.8Mta by end-FY14 even as it described the present over-capacity situation as a major concern for the sector. "The (Manikgarh Unit-II of 2.8Mta capacity) plant is expected to be operational by March 2014. After expansion, the company's total cement manufacturing capacity will stand increased to 12.8Mta," Century Textiles said in its annual report. The company has around 10Mta capacity now at its four existing plant locatio... |
Pakistan: cut in discount rate should benefit cement sector27 June 2013, Published under Cement NewsPakistan's cement sector remained the major beneficiary in the reducing interest rates scenario being one of the major leverage sectors thanks to massive allocation of Public Sector Development Program (PSDP). The cement volume growth may cross the figure of 4 per cent in FY2013-14, as the National Economic Council has approved a 32 per cent hike in PSDP allocation to PKR1155bn (US$11.7bn) in upcoming budget, with share of the federal government at PKR540bn (US$5.5bn) and provincial share ... |
India: Vicat keen to buy Shriram cement unit27 June 2013, Published under Cement NewsFrench cement maker Vicat has emerged as a surprise frontrunner to acquire a cement unit of southern conglomerate Shriram Group. Vicat is expected to buy controlling shares in Sree Jayajothi Cements Ltd, which is a part of Shriram Ventures, the holding entity of the group's non-financial services businesses, valued at about US$250m. The US$3bn French MNC surged into the fray after Shriram's deal-making with private equity giant Blackstone collapsed two months ago. Blackstone was close to a... |
Saudi Arabia: Eastern Province Cement launches trial operations of new kiln line27 June 2013, Published under Cement NewsSaudi cement producer Eastern Province Cement Co (EPC) said in a bourse statement that it launched trial operations of its new production line yesterday. The new kiln line will have a cement capacity of 600tpd. The trial period will take three months. |
Israel: Nesher cement to face competition26 June 2013, Published under Cement NewsAn Israeli cabinet committee working on ways to lower the cost of living approved a plan on Tuesday to inject competition into Israel's cement industry. Although lower cement prices would reduce the cost of residential construction to some extent, cement is not a major element in the cost of building homes, but the decision was also taken amid a forecast that by 2023, demand would outstrip the capacity of Nesher Cement, which has a monopoly in Israel. The plan was approved by a committe... |
Taiwan: construction halted on Lanyu cement plant26 June 2013, Published under Cement NewsTaiwan's Ministry of the Interior, the National Property Administration and the Council of Indigenous Peoples state that a plan to build a cement plant on Lanyu is likely to be illegal, despite the Taitung County Government’s and Lanyu Township Office’s insistence that they have completed all legal requirements for the project. “The Council of Indigenous Peoples has been closely following the controversy and at first, the county and the township governments told us that they were carrying ... |
USA: congressman tours cement plant26 June 2013, Published under Cement NewsCongressman Mike Turner recently took a tour of Cemex’s Fairborn plant. The factory, which has been in operation for more than 80 years, is one of two operating cement plants in the state of Ohio. The facility has the capacity to produce 750,000tpa of cement, but in recent years has produced less than this due to the prevailing economic conditions. According to plant manager Alberto Calleros, the facility is currently operating at 85-90 per cent of its capacity after falling to 60 per ce... |
APSCO organises technical symposium for cement sector26 June 2013, Published under Cement NewsArabian Oil Supply Company (APSCO), manufacturer and marketer of Mobil oils in Saudi Arabia, recently held a seminar in the Egyptian city of Al-Ghardaqah on the importance of synthetic oil and its role in reducing crashes and increase the productive capacity of factories and equipment. The symposium was attended by many experts and engineer of Saudi cement industry, as well as experts from Exxon Mobil. A number of APSCO oil production experts addressed the attendees about the role of Mobil ... |
Bío Bío and Votorantim to start work on Peruvian plant25 June 2013, Published under Cement NewsAfter two years, Chile’s Cementos Bío Bío and its Brazilian partner Votorantim have successfully obtained all permits to build their first plant in Peru, representing an investment of US$160m. In the past few weeks, the tender details for the equipment needed and the financing arrangement have been worked out. Hernán Briones, president of Bío Bío said funding would come from the cement company’s cash flow and rejected the possibility to emit shares or to realise a raise in capital. Wor... |
Austria delivers stable cement sales in 201225 June 2013, Published under Cement NewsThe Austrian cement industry saw stable sales in 2012 despite difficult operating conditions and a sluggish economy, according to the country’s cement association, VÖZ. However, the construction industry noted an expansion of six per cent on the back of a long building season, a mildly positive development in high-rise construction and renovation projects. As a result, cement plants were able to achieve a EUR375m turnover and can expect a modest increase for this year. While in 1Q13, ceme... |