Cement News tagged under: international
China cement prices see second consecutive weekly decline05 December 2012, Published under Cement NewsThe average price of cement price in China continued to decline in the last week in November, showing a drop of 0.72 per cent on the previous week and marking the second consecutive week drop after three months of increases. A China Securities Journal report on Tuesday quoted data from the Digital Cement as saying that the cement price in Heilongjiang, Jiangsu, Shandong and Hebei provinces registered clear declines in the week. In Hebei, Jiangsu and Shandong, cement price dropped by CNY... |
Thailand's Siam Group to establish Banten cement plant, Indonesia05 December 2012, Published under Cement NewsThailand’s largest cement producer Siam Cement Group plans to establish a cement plant in the Lebak district of Indonesia, Banten province, according to media reports. Banten is the westernmost province of Indonesia on the island of Java "We project cement production to reach 6000tpa from PT Gama Group and Siam Cement Group which will operate as of 2013," chief of the Lebak District Integrated Licensing Service Office (KPPT) Hari Setiono told Antara News. The KPPT chief said that the provi... |
Bosowa aims for larger slice of Indonesian market05 December 2012, Published under Cement NewsThe Bosowa Corporation is planning to invest around IDR3trn in its cement activities to gain a greater share of the thriving Indonesian market. Speaking to the Jakarta Post, Bosowa CEO Erwin Aksa, said the company will spend a total of IDR10trn (US$1.06bn) by 2014 with a special focus on the cement and energy-related sectors. Next year, it plans to spend IDR6trn, half of which will be dedicated to increasing cement capacity. “We will spend about IDR3bn on the cement sector and IDR3trn... |
Pakistan cement prices rise by PKR5/bag05 December 2012, Published under Cement NewsCement prices in Pakistan have increased by PKR5/50kg bag to PKR440-445 (~US$4.6) in various areas of the country, the Pakistan Observer reports. The rise is being attributed to a recent hike in coal prices which have seen an increment of around 10 per cent over the last three weeks."Cement industry experts said that during FY12, cement prices have followed an upward trend and posted an increase of nine per cent. Moreover, the Lahore High Court has ordered the construction of much del... |
Iran’s cement capacity reaches 86Mta05 December 2012, Published under Cement NewsIran’s cement production capacity is currently 86Mta, according to Iranian President Mahmoud Ahmadinejad. Speaking at the sidelines of an inauguration ceremony, Mr Ahmadinejad underlined the cement industry’s strong development in recent times considering that six years ago it was still dependent on imports. The country currently produces some 76Mta of cement. In the first seven months of the current Iranian year (beginning 20 March 2012) cement output amounted to some 43.28Mt, a YoY ... |
Jaiprakash may not meet asset sale target – Kim Eng05 December 2012, Published under Cement NewsJaiprakash Associates may not meet its target of raising INR50bn via a sale of its plants in Gujarat and Andhra Pradesh states, according to analysis by Asian securities and investment broker Kim Eng. Jaiprakash on Monday said buyers are showing interest in its Gujarat plant only and not its Andhra Pradesh plant. It also denied media reports that said it had sold its 5Mt capacity Gujarat cement plant to UltraTech Cement at a valuation of US$180/t. The company however says that it is sti... |
HeidelbergCement commissions new grinding plant in Ghana04 December 2012, Published under Cement NewsHeidelbergCement has commissioned a new cement mill with a 1Mta capacity at its Tema cement grinding plant in Ghana. HeidelbergCement’s new 1Mta grinding mill in Tema, Ghana Ghacem, a subsidiary of HeidelbergCement, operates two cement grinding plants in the coastal cities of Tema and Takoradi, Ghana. With the commissioning of the new mill, Ghacem has increased its cement grinding capacity to 3.7Mta. Capital expenditure for the new project amounted to €16m. With around 300,00... |
Lucky Cement not to build cement plant in India04 December 2012, Published under Cement NewsPakistan’s leading cement manufacturer and exporter Lucky Cement Ltd has officially informed the Karachi Stock Exchange (KSE) that it is not establishing a cement plant in India. The company is, however, proceeding as planned with two new overseas ventures. The official note by Muhammad Suhail, company secretary of Lucky Cement to the KSE stated: “We would like to clarify that our company (Lucky) has neither decided nor planned to set up any cement plant in India.” Local media repor... |
Eurocement announces new expansion project, Russia04 December 2012, Published under Cement NewsRussia's leading cement producer Eurocement plans to invest around RUB12bn (US$387.7m) to build a dry-process line at its Nevyansky Tsementnik plant in the Sverdlovsk Region, the regional government reported on Monday. The new line will have a capacity of 1.3Mta. The company will invest its own and borrowed funds into construction of the project. |
Adelaide Brighton signs agreements with Japanese suppliers04 December 2012, Published under Cement NewsAdelaide Brighton has entered into two clinker import supply agreements with Japanese suppliers. These agreements secure a significant part of this requirement from the Japanese suppliers, with terms of seven and 10 years. The contracts represent the continuation of existing strong relationships and a diversified supply base, while at the same time reducing exposure to fluctuations in the exchange rate. Adelaide Brighton's imports of cementitious products, including grey and white clinker... |