Cement News tagged under: international
Reliance Infrastructure set to start output from Maharashtra unit03 September 2012, Published under Cement NewsReliance Infrastructure Ltd (R-Infra) is set to begin producing cement from its grinding facility in Maharashtra this month and will sell it under the Reliance Cement brand. “We will produce cement from our grinding unit, which will start now. We will buy clinker from others and do the grinding part. We will also bag them,” said Lalit Jalan, chief executive officer of R-Infra told Business Standard. The first batch of Reliance-branded cement would be out by the end of the month. The grin... |
Lafarge Zimbabwe revises revenue forecasts upwards03 September 2012, Published under Cement NewsLafarge Zimbabwe has revised its revenue forecast upwards for 2012 for the second time this year after the group reported a significant rise in profits for the first half driven by increased sales. The company is now expecting year-end revenue to reach US$70m, nearly US$10m more than the US$62m projection it made at its AGM held in May this year. The Independent of Zimbabwe reported managing director of Lafarge Zimbabwe, Johnathan Shoniwa saying that in 1H12, nationwide cement demand r... |
Australia: market uncertainties ahead03 September 2012, Published under Cement NewsChallenging market conditions persist for Australia's cement sector due to weak residential and commercial activity combined with the potential impact of a new carbon tax which became effective last month. Last year saw a decline in housing starts as rising interest rates coincided with the end of stimulus packages. In November 2011, the Reserve Bank cut interest rates by 25bp to spur the market into recovery although it was unable to stop further declines in financing approvals. Latest da... |
Gresik sets aside US$300m for regional expansion31 August 2012, Published under Cement NewsIndonesia’s largest cement maker, PT Semen Gresik, has US$300m to expand its business to the regional markets of Myanmar, Cambodia and Vietnam, the company’s chief executive Dwi Soetjipto has said. Speaking to the Jakarta Globe, he said: “Expansion overseas is still in the process.” Previously, Dwi indicated that the company was looking at acquiring stakes in cement producers in Malaysia, Myanmar, Vietnam and Thailand as it seeks to extend its regional reach. He also told the Investor ... |
Shree puts Karnataka project on hold, to expand Rajasthan works31 August 2012, Published under Cement NewsShree Cement has decided to put its Karnataka project on hold following issues with land acquisition and now plans to expand its Rajasthan cement works. The proposed plant, which would have been Shree Cement’s first venture outside north India, was meant to have a capacity of 6Mt. However, due to the project facing land hurdles, the company plans to expand its existing facility in Rajasthan. “We had a very good quarter. It is time to move ahead. We had plans for moving out of North In... |
New South Sulawesi cement plant planned, Indonesia31 August 2012, Published under Cement NewsA new cement plant is being planed in Barru, South Sulawesi involving an investment of US$400m, according to executive director of the PT Fajar Semen Baru project, James Martin. According to Indonesian press reports, the venture will involve participation from two cement companies in German and Taiwan and funding is to be sourced from a local consortium of banks. The cement plant is slated to have a capacity of 3.3Mta and, once operational, will serve eastern Indonesia. |
Vinacomin to sell coal to Vicem affiliate, Vietnam31 August 2012, Published under Cement NewsState-owned miner Vinacomin will sell 130,000t of coal to VICEM Materials Transport Cement Joint Stock Company, an affiliate of Vietnam Cement Industry Corporation (Vicem). The figure will include 55,000t of 3CHG coal dust, 45,000t of 4aHG, 15,000 tons of 4bHG and 15,000t of 5aHG. This is a part in a purchasing contract between Vietnam National Coal-Mineral Industries Holding Corporation Limited (Vinacomin), the country’s biggest miner, and state-owed Vicem. Vinacomin is expected to deliv... |
Lafarge Cauldon works reaches 50 per cent AF substitution rate, UK30 August 2012, Published under Cement NewsLafarge Cement’s Cauldon Works has received recognition for its industry leading sustainability achievements which have seen it reach a 50 per cent reduction in reliance on fossil fuels. The result places it at the forefront of the UK’s construction industry’s sustainability drive and has been recognised by the business’ international parent company, Lafarge Group, as part of its annual awards. These champion the efforts of employees worldwide who are transforming the way in which product... |
Taiwan Cement to invest in strengthening position in China30 August 2012, Published under Cement NewsTaiwan Cement Co (TCC) is to invest TWD9bn (US$300m) annually over three years in China to achieve a production capacity of 100Mta by 2016, according to the company’s head. Chairman, Leslie Koo, said TCC’s investment this year will focus on second-phase plant construction in Anshun, Guizhou province in China, Taiwan Economic News reported. While Chinese cement demand has lagged of late due to the effects of the European sovereign debt crisis and domestic macroeconomic controls, Koo hig... |
Lafarge Republic signs fly ash supply deal, Philippines30 August 2012, Published under Cement NewsLafarge Republic has signed a deal with the provincial government of Bataan and GNPower Mariveles Coal Plant Co to buy fly ash to be produced at the latter’s 600MW power plant. Lafarge Republic (formerly Republic Cement Corp) said the deal will start once the power plant begins producing coal ash and will expire in November 2019. In June, Cemex Philippines signed a deal with Korea Electric Power (KEP) Corp to buy coal ash for around US$/t. KEP operates a 200MW power plant in the centra... |