Cement News tagged under: international
Tanzania cement industry poised for growth12 September 2011, Published under Cement NewsTanzania’s cement production will have grown by 18 per cent by the end of 2011, well above the region rate of 13 per cent, thanks to higher than expected growth in the retail, infrastructure and mining sectors. The Equity Research Cement Sector survey conducted by Tanzania Securities Ltd, an investment advisory firm shows that the construction and housing sector, which has compounded the annual growth rate of about 10 per cent, is the main driver of cement consumption, thus pushing up deman... |
RAK to produce oilwell cements, UAE12 September 2011, Published under Cement NewsRAK Cement has gained regulatory approval to start producing cement for oil wells, according to a note to investors, reports Construction Week. The Ras Al Khaimah manufacturer of ordinary and sulphate-resistant Portland cement, as well as Powercrete, said the American Petroleum Institute has completed its audit and awarded its Monogram badge to the company. |
Mozambique unit opens new cement mill at Matola Plant09 September 2011, Published under Cement NewsCimpor has opened a cement mill at its Matola operation that will almost double capacity, Cimentos de Mocambique said. The mill has capacity to produce 600,000tpa, taking the Matola plants potential output to 1.3Mta, the Lisbon-based company said in a statement published on its website today. The plant cost EUR18m, it said. |
Iraq: open for business?09 September 2011, Published under Cement NewsIraq’s mining, minerals and materials resources are substantial, the economy is open to investors, and those who come first will benefit the most. These were the key messages from Iraq Mining 2011, a major international conference seeking to focus investor attention to the huge potential for investment that exists outside of the hydrocarbon sector. For the cement industry, the potential in Iraq is indisputable. Extensive war damage has left Iraq with a massive need for comprehensive reconst... |
Chinese to build cement plant in Tajikistan08 September 2011, Published under Cement NewsAn industrial park is to be established in Tajikistan with an agreement being signed between the Tajik Aluminum Company (TALCO) and China National Building Material Group Corporation (CNBM). The investment project is aimed at construction of a cement plant with a capacity of more than 1Mta and a glasswork, production of building materials and development of ore deposits will be implemented within the frameworks of the industrial park, a source noted. |
Flour Mills of Nigeria to raise US$179.3m in rights offer08 September 2011, Published under Cement NewsFlour Mills of Nigeria Plc plans to raise as much as NGN28bn (US$179.3m) in a rights offer, according to Chief Executive Officer Emmanuel Ukpabi. The company received shareholder approval for the plan at its annual general meeting held today in the commercial capital, Lagos, he said from the city. Flour Mills will use the money to diversify into new markets including power generation, Ukpabi said, without commenting further. |
Oyak reports 12% first half growth, Turkey08 September 2011, Published under Cement NewsOyak Cement Group has said that domestic cement demand increased by 12% YoY in the first half of 2011 and it expects domestic cement sales to increase by 8% for the full year. Mardin Cimento, part of Oyak, recorded an EBITDA margin of 37.4%, net income margin of 31.3%, return on capital of 14.5% and a dividend yield of 10.6% in the first half. Unye Cimento, another Oyak Group Company, saw EBITDA margins up 33.6%, and net income margins rose 23.9%. |
HeidelbergCement sees post monsoon price rise, India08 September 2011, Published under Cement NewsIndian cement prices are expected to recover after the monsoon ends due to a likely pick-up in construction activity. Sales during the wet season have also been hit on account of rising input costs. Most of the cement companies were unable to pass on the price hike to its customers. The despatches in South India also suffered due to trucker’s strike. Speaking to CNBC-TV18, Ashish Guha, MD and CEO of Heidelberg Cement India said, the company plans a significant hike in prices post the monso... |
Monarch staff facing potential lay-off period, USA08 September 2011, Published under Cement NewsThe 85 employees of Monarch Cement Co. were notified of a potential layoff, the first since 1983 for the Humboldt company, according to the Iola Register. "We anticipate the layoff may last four to 10 weeks dependent on demand for product," said company president Walter Wulf Jr. |
Vietnam consumption at 31.65Mt08 September 2011, Published under Cement NewsVietnam’s cement consumption stood at 31.65Mt in the first eight months of this year. In August, the country’s cement consumption was 3.41Mt in comparison with 3.45Mt in July, the Ministry of Construction said on its website Thursday. The Southeast Asian nation cement production stood at 3.53Mt in August, raising the country’s total production in the first eight months to 31.96Mt, meeting 58.6% of the sector’s full-year target. The country’s cement consumption is forecast to reach between... |