Cement News tagged under: international
Egypt to offer 12 licences in October08 September 2011, Published under Cement NewsEgypt’s Industrial Development Authority (IDA) will offer 12 licenses for cement production by the end of next month, Al Mal reported, citing Ismail el-Nagdy, the authority’s chairman. The licenses will allow their each of their holders to produce 1.5Mta and will only be awarded to companies not already operating in Egypt to increase competition in the local market, the newspaper cited el-Nagdy as saying. Earlier this week it was reported that the IDA had offered Al Alamia Misr a license t... |
South African August sales rise 4.6% YoY08 September 2011, Published under Cement NewsRecent data from the Cement and Concrete Institute of South Africa shows that sales for August 2011 totaled 1.01Mt compared to 0.97Mt in 2010, representing a an increase of 4.6%. Year to-date sales stand at 7.18Mt, up 0.6 per cent YoY from 7.14Mt from the same period of 2010. The moving annual total (12 months to August 2011) was 10.9Mt against 11.3Mt, representing a YoY YoY contraction of 1.6 per cent (against 11.09Mt). |
CRH eyes €400m Russian cement stake07 September 2011, Published under Cement NewsCRH, may be close to doing a deal with Oleg Deripaska, the Russian billionaire for a majority stake in a Russian-based cement manufacturing business, reports the Irish Times. The Irish group did not comment yesterday, but following the publication of its interim results last month, it did say that it was looking at acquisition opportunities in Russia. It was suggested that it is interested in buying up to 75 per cent of the cement business from Mr Deripaska. Such a deal could be worth more... |
Iran exports rise 13.5%07 September 2011, Published under Cement NewsOver 4.5Mt of cement and clinker were exported in the first five months of the current Iranian year (started March 21). Secretary of the Cement Industry Employers Association affiliated to Iran’s national cement industry said Iran’s exports are up 13.5 per cent compared to the corresponding period last year. Over 60 per cent of cement produced in Iran was exported to Iraq, Azerbaijan, Afghanistan, Turkmenistan and Persian Gulf littoral states. |
Freight One Increases Cement Transport from South Ural Plants, Russia06 September 2011, Published under Cement NewsFreight One has increased its transport of cement from South Ural plants to Moscow region. The company hauled about 100,000t of cement from the beginning of the construction season in April (when active deliveries began to Moscow and its suburbs), through July 2011. The figure for the same period of last year was 4Mt. Most of the loading was done at Novotroitsk Cement Plant in Orenburg region and Magnitogorsk Cement Refractory Plant in Chelyabinsk region, from which 90,000t of cement were d... |
Anjani Portland Cement to build new plant06 September 2011, Published under Cement NewsAnjani Portland Cement Ltd plans to invest in a greenfield cement plant in Bijapur district of Karnataka. According to the company chairman KV Vishnu Raju, the plant will have a capacity of around a 1Mta and the Bijapur unit will take Anjani Portland’s capacity to over 2Mta from the present 1.16Mta. |
BBMG ready to beat property tightening, China06 September 2011, Published under Cement NewsCement maker and property developer BBMG Corp says China’s tightening policies in the real estate sector have had little impact on its business so far. And any adverse consequences in the future can be offset by speeding up the construction of more affordable homes, BBMG said. “Only 30 percent of our cement was sold to property developers,’’ executive director and president Jiang Deyi said yesterday, adding the rest is used up by infrastructure construction. Jiang expects Beijing municipa... |
Semen Gresik eyeing up coal trading firm, Indonesia06 September 2011, Published under Cement NewsPT Semen Gresik, Indonesia’s biggest cement maker by volume, is considering setting up a coal-trading firm later this year to secure supply and help lower its production costs, the Kontan daily reported Tuesday. Consumption of coal to generate power contributes around 30% to Gresik’s overall costs. Higher coal prices pushed the company’s costs up 7% in the first half of the year, the daily said. "We aim to establish [the trading company] this September or October," Finance Director Ahyaniz... |
Qilianshan Cement to boost capacity, China06 September 2011, Published under Cement NewsGansu Qilianshan Cement Group intends to invest CNY1.456bn (US$227.8m) to expand capacity and to integrate its business in the Gansu, Qinghai and Tibet regions, reports Shanghai Securities News, citing a company filing. The company will invest CNY501m to add a new dry-process facility in Zhangxian, Gansu province, to meet local demand. The cement maker will invest CNY885m to build a 7.5MW pure low temperature waste heat power generation plant for its cement production facilities in Wuwei, ... |
Anhui Conch Drops on Shanghai on Cement Outlook06 September 2011, Published under Cement NewsAnhui Conch Cement Co. plunged the most in almost three years in Shanghai, leading declines for cement companies, on concern slowing investment in housing and railways will curb demand for building materials. Anhui Conch, China’s biggest cement maker, fell 8.8 percent to CNY19.99 as of 1:56p.m. local time, poised for the biggest drop since November 2008. The stock slid as much as 10 per cent, the daily limit. The Shanghai Composite Index lost 1.7 per cent. The Hong Kong-traded shares slump... |