Cement News tagged under: international
Tanzania Portland Cement output hit by power crisis17 February 2012, Published under Cement NewsTanzania Portland Cement Company (TPCC) said production rose by just three per cent last year instead of the forecasted eight per cent due to a power crisis. TPCC managing director, Pascal Lesoinne, during a meeting with Dr Cyril Chami, Minister for Industry and Trade, hailed the short term measure of installing emergency power generators but called for long term strategies to ensure stabile production, All Africa News reported. He challenged the power tariff increase saying it would not... |
Macquarie keeps China demand growth at six per cent16 February 2012, Published under Cement NewsMacquarie has kept its six per cent demand growth forecast for China's cement industry but has reduced its net supply growth forecast from four per cent to 1.4 per cent. "We remain positive on a 12-month view, given limited supply and compelling valuations even on our lower-than-consensus earnings forecasts." The house says that sector names have risen 10-40 per cent year-to-date as investors add beta, factoring in a policy-driven recovery in construction. "We would look for buying... |
Jidong Cement to buy controlling holder's assets, China16 February 2012, Published under Cement NewsTangshan Jidong Cement announced it would buy the use right of part of land, ownership of houses and supporting facilities rented by it currently from its controlling shareholder Jidong Development Group, reports SinoCast. The listed company also will buy the ownership of an office building, Beijing Representative Office and Jidong Development Students Apartment and supporting facitlies, covering about 50,000 square meters. To further enhance the market competitiveness of its controlling s... |
Saudi Cement to restart line No 6 in May16 February 2012, Published under Cement NewsSaudi Cement announced that it will restart its sixth kiln line in May this year at the latest after upgrade work is completed. The company has been working on improving the 4000tpd line’s environmental efficiency as well as converting the kiln’s energy source to crude oil from gas, as per Saudi Aramco’s directions. At the same time, the company will restart three old production lines with a total capacity of 1325tpd to meet rising demand in Saudi Arabia. Earlier this week, Saudi Cemen... |
Shanghai Allied Cement joint venture, China16 February 2012, Published under Cement NewsAllied Cement said Shanghai Allied Cement (SAC) agreed to set up a 50-50 joint venture with Shanghai Building Material (Group) General Company aiming at commencing construction of the Bailonggang Project in Shanghai by the end of 2012. The total investment of the joint venture CNY1.98bn and registered capital joint venture will be CNY800m. Shanghai Building Material and Shanghai SAC agreed to establish the JV to operate and manage the Bailonggang Project, involving the development of new ... |
Egypt to announce fresh round of licences15 February 2012, Published under Cement NewsA new round of licence bidding for greenfield cement plants in Egypt will get underway within the next three months. A representative of the minister of trade and industry announced that the government will issue 14 licences for the construction of new cement plants, with priority being given to Egyptian bidders. |
Zambia: US$500m Dangote Cement works on course15 February 2012, Published under Cement NewsConstruction work on the US$500m Dangote Cement plant in Masaiti district, Zambia, is progressing well and will be completed on schedule, according to Kampew Nundwe, Dangote’s logistics manager. In an interview from Lusaka at the weekend, Mr Nundwe said construction works were on course and the plant was set for completion in the next 27 months. The plant's cement capacity will be 1.5Mta and this should be achieved by 2013 when optimum operations will be established. Dangote Cement s... |
India: Jaypee Cement comes to city15 February 2012, Published under Cement NewsJaypee Group this week launched its brand Jaypee Cement in Hyderabad with the creation of a wide network to make the cement available state-wide through more than 1100 dealers. With an installed capacity of over 31Mta from 24 cement plants across the country, Jaypee is set to increase its cement capacity to 36Mta with forays in the state of Hyderabad and a new cement plant in Krishna district. “We are third largest cement manufacturer in the country and the new plant in Krishna district ... |
Nigeria: Dangote Cement asks Federal Government to spend more on infrastructure15 February 2012, Published under Cement NewsThis week, Dangote Cement opened its new 6Mta Ibese cement plant and it is possible that before the end of this year Nigeria’s cement production might exceed local cement demand. Therefore, Dangote Cement has urged Nigeria’s government to invest more on infrastructure to enable it to absorb the anticipated increase in cement production. Mr Joseph Makoju, the Special Assistant to Alhaji Aliko Dangote on cement, made the call in an interview with the News Agency of Nigeria (NAN).??"With a... |
Indonesian cement companies increase sales15 February 2012, Published under Cement NewsIndonesia’s cement sales increased to 4.05Mt from 3.52Mt a year earlier, Investor Daily Indonesia reported, citing data from the country’s cement association.? Yesterday, Bloomberg stated that PT Semen Gresik, Indonesia’s largest cement producer, rose 0.4% to IDR11,550 (US$1.27). PT Indocement Tunggal Prakarsa, Indonesia’s second-largest cement producer, also rose 1.7% to IDR17,800 (US$1.90). However, PT Holcim Indonesia, the nation’s third-largest cement producer, fell 1% to IDR2350 (US... |