Cement News tagged under: international
Two Nepalese factories prepare to start production20 December 2011, Published under Cement NewsTwo large cement factories based in Dudhrash and Gogli of Dang, Nepal, are preparing to commence productions in two months, according to local press reports. Basu Pandey, director of Sonapur Cement Factory in Dudhrash, said construction works have almost been completed. "Some technical works are remaining and we hope to finish that within a month," Pandey said, adding that the company will begin test-production in 10-15 days. "We will be able to launch the product in the market within tw... |
Vicem sales rise to 16.8Mt in Jan-Nov 201120 December 2011, Published under Cement NewsThe state-run Vietnam Cement Industry Corporation (Vicem) sold 16.8Mt of cement and clinker in the first 11 months of this year, up 4% from a year earlier. The figures represented 81% of the corporation’s whole-year target, the firm said on its website on 13 December. Of the sum, the 15.7Mt of cement were sold in the domestic market while 1.09Mt were exported. In November, the corporation’s cement and clinker sales down 12.8% from the same months of last year to 1.5Mt. Vicem generated 14... |
Reliance positions itself for market upturn, India20 December 2011, Published under Cement NewsReliance Cement is planning new capacity and scouting for new locations that the company says will pay off once the demand improves in 2013-14. In an interview with Business Standard of India, Sumit Banerjee vice chairman of Reliance said the company is setting up two 5Mta plants: one in Madhya Pradesh and the other in Maharashtra “The physical work at the MP plant has begun; it will start at the Maharashtra one in another six months. They will commence commercial operation by 2013 and end... |
Vietnam PM asks to stop calling for cement investments20 December 2011, Published under Cement NewsVietnamese Prime Minister on December 14 requested to stop calling investments for cement projects, among other industries, and instead promote investment in high-technology projects. The PM made the request at the 27th diplomatic conference held in Hanoi on Dec 14, the Tuoi tre newspaper reported Dec 15. The Ministry of Construction earlier forecast that Vietnam will face a surplus of between 5Mt-10Mt of cement this year due to the additional operation of 12 more cement plants with a comb... |
Eurocement begins construction of new plant19 December 2011, Published under Cement NewsEurocement group, JSC begins construction of a new cement plant with capacity of 1.3Mta of cement in Spasskoe village, Blagodarnniy district, Stavropol Krai. The announcement on this was made as the foundation stone was laid at a ceremony attended by Igor Sechin, Deputy Prime Minister, the governor of the Stavropol Krai Valery Gajewski, representatives of ministries and departments and Filaret Galchev, the Chairman of the Board of Directors of the Eurocement group Holding . |
Bharathi expects turnover to double by 201319 December 2011, Published under Cement NewsIndian cement producer, Bharathi Cement, the fully-owned domestic unit of the French cement firm Vicat Group, today said it is eyeing to double the turnover to INR2000 crore by 2013 when its plant at Gulbarga in Karnataka will go on stream and double the capacity by 2016 to 10.5Mt. "Our turnover from the existing two plants at Kadapa in Andhra Pradesh in 2011 is expected to be over INR1000 crore. We are targeting INR2000 crore turnover after the completion of our INR1400-crore plant at Gulb... |
Taiwan Cement makes offer for Tai Chang Group19 December 2011, Published under Cement NewsTaiwan Cement Corporation, Taiwan’s largest cement producer, recently announced it has offered NT$3.5bn, to acquire Tai Chang Group which is located in Sichuan province, China. Tai Chang is situated in southern part of Chengdu of Sichuan Province, where there are few cement plants but cement demand there is on the rise because of the implementation of several large-sized public works, including hydropower plants and expressways. Thanks to the acquisition, Taiwan Cement will see capacit... |
Vietnam cement sector expected to be sluggish in 201219 December 2011, Published under Cement NewsVietnam’s cement sector is expected to remain sluggish in 2012 due to the continuing difficulties in production and business this year, Vietnam news agency reported, citing experts on Sunday. A member of the National Assembly’s Economic Committee Tran Du Lich said that next year, the building material market would continue its slow growth due to the frozen property market, tightening credit policies and cuts in public construction project investment. The Vietnam Cement Association esti... |
Indonesia November sales rise 26 per cent19 December 2011, Published under Cement NewsIndonesia’s domestic cement sales rose 26 per cent in November from the same period a year ago, data from the Indonesia’s cement association (ASI) showed on Monday. Sales volume reached 4.4Mt, compared to 3.5Mt in November 2010. But sales fell 4.7 per cent in November from 4.7Mt in October. The association sees total domestic sales will reach around 45-46Mt in 2011, up 15 per cent from last year, chairman Urip Trimuryono told Reuters. The country’s cement sales fluctuate from month to mon... |
Vinaconex losses, Vietnam16 December 2011, Published under Cement NewsBy the end of November, Cam Pha Cement Plant project, the largest investment project that Vinaconex Joint Stock Corp has reported suffering accumulative loss of VND1.6trn (US$76.8m), including forex difference. Apart from incapability for operating the project, Vinaconex also found it hard to withdraw capital from Cam Pha Cement Co (CPC). If the corporation fails to solve this business affairs, in 2012, Vinaconex would incur loss although the other business activities may bring in trillions... |