Cement News tagged under: international
China cement plant explosion kills nine28 August 2012, Published under Cement NewsAn explosion at the quarry of a cement plant in southern China killed nine people and left one person missing, the official Xinhua News Agency reported, citing local authorities. The blast occurred at around 2:30pm at the Hailuolongshan cement plant in Yingde city in the southern province of Guangdong, when workers were unloading explosives off three trucks, the report said, citing a city government statement. The trucks were carrying 13t of explosives and workers had already unloaded 6t ... |
Shree Cement to challenge CCI allegation24 August 2012, Published under Cement NewsIn an interview with CNBC-TV18, HM Bangur, Shree Cement’s managing director, said the company will challenge the fine imposed by India’s Competition Commission (CCI). Last month, the CCI gave Shree Cement a INR4000m (US$72.19m) fine for alleged involvement in a price-fixing cartel. In total, 12 Indian cement producers were fined by the CCI. Mr Bangur said, the company was given no chance of a defence. "No questions were asked; suddenly we find a fine on us. Our name was not there, so we w... |
Sri Lanka: Hambantota Port to receive grinding unit and cement storage and bagging facilities24 August 2012, Published under Cement NewsThe Sri Lankan government is ready to expand the Hambantota port with the financial assistance of Exim Bank of China and the government of China. Exim Bank of China will provide a US$600m loan and a CNY1bn (US$157m) loan will be given by the government of China. Prior to this, the Sri Lankan government received Chinese government financial assistance to complete the first phase of the port. The project is the biggest service and industrial port in the country constructed closest to the in... |
Minister stresses that Angola still has a cement shortage24 August 2012, Published under Cement NewsJoaquim David, Minister of Geology, Mining and Industry, announced that important projects were underway to curb Angola’s shortage of construction materials, in view of local needs. The official was speaking to journalists in Catumbela Industrial Growth Point (PDIC), ahead of the inauguration of the Cimenfort cement plant, owned by Grupo Genea Angola. Answering to a question whether the opening of the plant was bringing the price of cement down, the minister said that even if that did not... |
India: protesters ask for cement factory restart24 August 2012, Published under Cement NewsMembers of the Cement Corporation of India (CCI) staged a protest outside the residence of Union Labour Minister M Mallikarjun Kharge here on Wednesday demanding that steps be taken to restart the CCI factory at Kurkunta village in Sedam Taluk. Protesters said the factory was closed down in 1998. Of the 430 workers, only 87 got their gratuity. The managing director of CCI had promised in 2010 that the unit would be restarted in a few months, but it did not happen, they added. |
Property boosts Indonesian cement demand23 August 2012, Published under Cement NewsFuelled by rising housing demand and subsequent property development, Indonesia saw cement sales increase 12% through the first seven months of the year, according to the Indonesian Cement Association (ASI). Cement consumption rose to 30.86Mt in the January-July period, from 27.54Mt in the same period last year, said Widodo Santoso, ASI chairman. “Housing loans have spurred the development of housing and real estate development in Indonesia,” Widodo said last week. Industry analyst... |
Angola: Cimenfort cement plant inaugurated23 August 2012, Published under Cement NewsThe Cimenfort cement plant was inaugurated on Wednesday in the Catumbela Industrial Growth Point (PDIC), central Benguela province, during a ceremony presided over by the Minister of Geology, Mining and Industry, Joaquim Duarte David. Estimated to have cost US$100m, the plant is a Genea Group Angola investment that took four years to construct. According to the factory’s director general, Paul Marcius Ang, the plant will initially produce 720,000tpa of cement, before rising the production... |
The Vissai to acquire US$83.2m cement project in central Vietnam23 August 2012, Published under Cement NewsVietnamese cement maker The Vissai is completing legal procedures to acquire a cement project in the central province of Nghe An from Do Luong Cement JSC with a registered investment of nearly VND1.739trn (US$83.2m). “The acquisition is nearly completed,” said a representative of The Vissai said in an interview with Dau Tu newspaper’s reporter. With the Do Luong cement plant, The Vissai will have six cement plants with a combined capacity of more than 7Mta. Construction of the Do Luong ce... |
India: Burnpur Cement signs MOU for Patratu project23 August 2012, Published under Cement NewsBurnpur Cement Ltd (BCL), one of the largest integrated cement plants in eastern India, today signed a Memorandum of Understanding (MoU) with the Jharkhand government for setting up an 800tpd integrated cement plant at Patratu with a total investment of about INR2bn (US$36.2m). Following the signing of the MoU, the Jharkhand government formally allotted the limestone mines at Benti Bagda near Patratu Plant to BCL to start the mining activities there without delay. "The first phase of c... |
India: builders protest against high cement prices23 August 2012, Published under Cement NewsIn a statewide protest organised by the Builders’ Association of India, builders in Coimbatore voiced their opinions on a protest rally on Tuesday, demanding measures by the state government to bring down cement prices and calling for a regulatory cement authority to be formed at the national level. Cement prices are INR330 (US$5.98)/bag now as against INR275/bag six months ago. Though the Tamil Nadu Cements Corporation was supplying cement at INR 260/bag even now, the cement companies ha... |