Cement News tagged under: international
RAM reaffirms Lafarge Malaysia’s debt facility, stable outlook03 June 2013, Published under Cement NewsRAM Ratings has reaffirmed the respective long- and short-term ratings of Lafarge Malaysia Bhd’s MYR350m Islamic Securities Programme (2010-17) at AA2 and P1. The long-term rating has a stable outlook. The reaffirmation of the ratings is based on the cement producer’s strong business profile as the largest integrated cement player in Malaysia. The group owns four cement plants and has the largest installed capacity in the industry. The strategic location of its Langkawi plant coupled with ... |
Aïn El Kebira prepares to select successful bidder for Line 2 project, Algeria31 May 2013, Published under Cement NewsBy 2017, Algeria’s Aïn El Kebira cement plant will double its current cement 1Mta capacity as it adds a new 1Mta line. Business has been brisk for the works, which produces 1.26Mt at present, and it is expected the new line will enable the company to lift its output to 3Mt. To fund the new line the National Investment Fund has allocated ALD37bn. Tenders are currently in the evaluation stage with selection of the successful bidder envisaged for 2 June. According to the managing director ... |
Cemex to expand capacity in Texas, USA31 May 2013, Published under Cement NewsCemex announced that it plans to expand the production capacity at its Odessa, Texas cement plant by 345,000t to nearly 900,000tpa to keep pace with rapidly growing demand in its West Texas market led mainly by the oil and gas industry. “This expansion reinforces our longstanding history of serving West Texas and the oil and gas industry by providing superior products,” said Karl Watson, Jr, President of Cemex USA. “We look forward to remaining a top cement provider to the oil and gas ind... |
ACC ready to make the switch from gas, Egypt31 May 2013, Published under Cement NewsArabian Cement Company (ACC) has taken all the steps needed to make the switch from gas to coal and refuse derived fuel, according to the company's chief. Jose Maria Magrina, CEO of Egypt-based ACC, told local press: "ACC is ready to substitute 100 per cent of the amounts of gas required to operate its plant and has applied for the necessary government permits to do so on 14 March 2013. However until now no answer has been received from the government, even though this is something that w... |
ASEC Minya launches clinker production at 2Mta plant, Egypt30 May 2013, Published under Cement NewsCitadel Capital announced that ASEC Minya (formerly the Arab National Cement Company), a key subsidiary of portfolio company ASEC Cement, has started the production of clinker at its 2Mta cement plant in Minya. Cement production is expected to commence within one month. Located 200km south of Cairo and 50km north of the city of Minya, ASEC Minya is the second greenfield cement plant to be launched by ASEC Cement in five years. The first was Takamol Cement in Sudan, a 1.6Mta plant that bega... |
Medina Cement begins trial production of new grinding plant30 May 2013, Published under Cement NewsNewly-listed Saudi Arabian cement manufacturer Medina Cement said it has started trial production at its new grinding plant. The new facility has a capacity of 130tph and the trial period will last 2-3 months. Medina Cement offered 94.6 million shares, or 50 per cent of its capital, in an IPO in September 2012. |
Vietnam production rises 7.4% in first five months29 May 2013, Published under Cement NewsVietnam is estimated to have produced 23.5Mt of cement in the first five months of 2013, up 7.4 per cent from the same period of last year, the General Statistics Office has said. The government-run office has marginally revised down the country’s output in the first four months of this year to 17.8Mt from a previous estimate of 17.9Mt. Output in May is expected to have risen by 18.7 per cent YoY to 5.7Mt, the GSO said in recent report. This year, cement sales are expected to rise b... |
Semen Indonesia targets 50% share of Papua market29 May 2013, Published under Cement NewsPT Semen Indonesia is targeting a 50 per cent share in the Papuan cement market following the company's decision to build a packing plant in the coastal city of Sorong, West Papua, last year. "We will maximise the utilisation of the packing plant," the company’s head of marketing development, Rudi Hartono, said the target is said after a company-held infrastructure seminar in Sorong yesterday. Rudi said that the packing plant with 300,000t capacity will push Semen Indonesia's demand in ... |
Attock Cement plans new grinding plant, Iraq28 May 2013, Published under Cement NewsAttock Cement plans to invest US$25m in a new grinding plant in the city of Basra, Iraq, making it the third Pakistan-based cement manufacturer to venture into the Middle East and Africa region. In a filing to the Pakistan Stock Exchange, Attock Cement said: "The board of directors of the company has approved the investment for putting up a Cement Grinding Unit in Basra, Iraq, subject to regulatory and other approval and compliance with all applicable laws, rules and regulations.” The pro... |
West China Cement chief visits Italcementi's new i.lab28 May 2013, Published under Cement NewsIn early May, West China Cement (WCC) representatives led by CEO Tian Zhenjun and Vice CEO Wang Jianli visited Italcementi's new i.lab at its Calusco cement plant in Bergamo, Italy. Accompanied by Federico Vitaletti, CEO of Italcementi's Innovation and Research Center, and Girolamo Veronese, Global Marketing Director, WCC representatives visited the facility to further deepen its cooperation with the the Italcementi Group in the fields of energy conservation and environmental protection,... |