Cement News tagged under: international
Venezuela to increase capacity of Cumarebo works18 June 2013, Published under Cement NewsIndustria Venezolana de Cemento (Invecem) will increase capacity at its Cumarebo plant, in the northeast of Falcón state, according to the Minister of Basic and Intermediate Industries, Ricardo Menéndez. The plant expansion will be carried out by means of a capacity increase in the kiln from 3000 to 4200tpd – a project which will see an investment of US$75m. At the plant, works are ongoing to replace the clinker cooler and install a precalciner. |
Colacem looks to expand international presence17 June 2013, Published under Cement NewsColacem, Italy’s third-largest producer, has said it is looking to expand its presence abroad to help offset declines in domestic cement consumption. Director General Giuseppe Colaiacova told reporters at a press conference that the company wants to increase its business outside Italy more due to the market situation at home. The group has expanded internationally and has plants in Tunisia, Albania, the Dominican Republic and Canada and terminals in Spain and Jamaica. Mr Colaiacova sai... |
Ambuja Cements' Rajasthan works expected by 201517 June 2013, Published under Cement NewsAmbuja Cements Ltd plans to establish a 4.5Mta cement plant in the northwest Indian state of Rajasthan by 2015. "Board approval is expected by end CY13; work at the plant site has already started – environmental clearances obtained, limestone mine ready, land acquisition process begun," Citi Research said in a note prepared on the comments of Ambuja Cements' management at the India Investor Conference organised by Citigroup on Monday. Ambuja Cements, which is 50.3 per cent controll... |
UBS cuts China Resources Cement target price17 June 2013, Published under Cement NewsInvestment bank UBS has trimmed its target price for China Resources Cement (CRC) to HKD4.85 from HKD5.5. The company's stock, however, has been upgraded from ‘neutral’ to ‘buy’. It noted that CRC's share price has already pulled back by about 30 per cent from its first quarter peak level, and believes the negatives in the macro environment and the local cement market have already been largely factored in, ET Net News reported. CRC has been steadily climbing up the ranks of Chinese cement ... |
Cemengal receives new order from Latin America17 June 2013, Published under Cement NewsCemengal has received an order from a client in Latin America to supply a Plug&Grind®. This is a complete cement grinding and packing station, assembled in Spain with European components, shrunk to eight containers and able to produce up to 100,000tpa of standard OPC cement. |
Al Jouf Cement halts production for maintenance, Saudi Arabia17 June 2013, Published under Cement NewsAl Jouf Cement is to halt production for two weeks for unscheduled maintenance work, the company said in a statement on the Saudi bourse website. The cement producer will stop production from 17 June to 30 June according and the maintenance process is expected to cost about SAR6m (US$1.6m) which will be reflected in its second quarter financial results. Al Jouf highlighted that the stoppage will not have any impact on its ability to meet its customers’ requirements. Al Jouf Cement is p... |
India: Sagar Cements to invest INR1200m in railway line14 June 2013, Published under Cement NewsSagar Cements Ltd will invest INR1200m |(US$20.8m) in a private railway line to improve its market reach and cut freight costs. The 7km line will connect the company’s plant, near Matampally in Nalgonda district of Andhra Pradesh, with the main railway line. Of the proposed investment of US$20.8m, INR980m (US$16.9m) is to come from debt and the remaining from internal accruals. “Completion of this line will lead to better efficiencies and savings in costs. INR200m has already been inves... |
ACC targets ready-mix concrete sales14 June 2013, Published under Cement NewsACC has devised an action plan, including product innovation, to strengthen its ready-mix concrete business. The 77-year-old company has lined up a series of ready-mix concrete products to push sales. Holcim-owned ACC is betting on the affluent and demanding lifestyle of GenNext to push its environment-friendly products. If used in open spaces like car park or garden pathway, Permecrete can allow rainwater to seep through for recharging groundwater table. Notwithstanding the product innova... |
Pakistan: Lafarge launches 'Building Better Cities'14 June 2013, Published under Cement NewsLafarge Pakistan has placed innovation and performance at the heart of its strategy and wants to offer not only affordable housing but sustainable construction solutions accessible to everyone. Lafarge Pakistan, a subsidiary of Lafarge Group, France, launched ' Building Better Cities', its new corporate positioning along with a new modernised logo at an event in Islamabad. Amr Reda CEO of Lafarge Pakistan said: " The company's ambition is to contribute to building better cities by devel... |
Saudi Arabia: Tabuk Cement refused fuel for second line13 June 2013, Published under Cement NewsTabuk Cement Co has announced that it has been refused the fuel needed to operate its planned second line. The company has been informed by Saudi Arabia's Ministry of Petroleum and Mineral Resources that it will not receive the fuel needed to power the line, but added that it remains in negotiations with the ministry. Tabuk Cement confirmed plans to build a new second line last week, stating that it had signed deals worth US$192m for a new clinker production line, a power plant and a water... |