Cement News tagged under: international
Raysut Cement bolsters shipping capability26 July 2011, Published under Cement NewsThe Sultanate’s largest cement producer, Raysut Cement, has added a second wholly owned ship to its fleet — a move that promises to significantly augment the company’s ability to serve its growing export market. ‘Raysut 2’, described as a specialised pneumatic self-discharging cement carrier, is owned by Raybulk Navigation, a wholly owned subsidiary of Raysut Cement. Raybulk, which was incorporated in the Marshall Islands last October, is due to commence commercial operations before the end... |
Pakistan cement exports decline in FY2010-11?26 July 2011, Published under Cement NewsDuring financial year 2010-11 (July-June) Pakistan exported 9.154Mt of cement at US$453.845m from 10.85Mt at US$484.004m in the corresponding period. This shows cement export fell by 15.65 per cent and 6.23 per cent in terms of quantity and value over corresponding period last FY 2009-10. The average export price of cement stood at US$49.57/t compared to US$44.59/t – reflecting a growth of 11.17 per cent YoY, according to data released by Federal Bureau of Statistics, Government of Pakis... |
Construction supports modest economic growth, UK26 July 2011, Published under Cement NewsToday’s GDP figures, published by the ONS, show that construction output grew by 0.5 per cent in the second quarter of the year after falling in each of the previous two quarters. Growth in construction over the last three months was a significant contributor to the modest increase in GDP as a whole, but all indications are that this will not continue. Commenting on these figures, Michael Ankers, Chief Executive of the Construction Products Association said: ‘These estimates are very much ... |
Jordan Cement Factories first-half loss26 July 2011, Published under Cement NewsJordan Cement Factories, the kingdom’s largest cement company, majority-owned by Lafarge made a first-half loss of MOD2.7m (US$3.8m) on greater competition, Al Rai said. The factory made MOD 8.9m in profit during the same period of 2010, the newspaper said, citing an unidentified official. The losses are due to an increase in supply in the Jordanian market after the opening in March of a fourth cement factory, a decline in demand and increasing costs, Al Rai said. Production capacity of... |
Govt to recommission KKS cement factory, Sri Lanka25 July 2011, Published under Cement NewsThe government of Sri Lanka has decided to recommission the Kankesanthurai Cement Factory (KCF) following a recommendation by a committee of professionals, said State Resources and Enterprise Development Ministry Secretary Dr. Willie Gamage. He said that the estimated cost of recommissioning the cement factory would be around LKR15bn. The funding source would be arranged by obtaining a loan or issuing public shares. The Sri Lanka Cement Corporation (SLCC) and Lanka Cement Limited (LCL), th... |
Egypt’s Torah and Helwan cement workers threaten strike25 July 2011, Published under Cement NewsWorkers of Helwan Cement and Torah Cement protested Saturday in front of the Cabinet headquarters demanding the implementation of court orders concerning their financial demands. They also threatened to stage a sit-in and strike in the two companies if their demands are not met. Workers who have recently joined the early retirement programme in the two companies want to receive similar compensation to their colleagues who joined the programme earlier. Ali El-Salmi, deputy prime minister, m... |
Ravena given modernisation go-ahead, USA25 July 2011, Published under Cement NewsThe New York state has given air and water pollution permits needed for the planned rebuilding of the Lafarge cement plant in Ravena. The permits, issued this week by the state Department of Environmental Conservation, clear the way for Lafarge to make the switch from wet-process to dry-process technology at this 49-year-old plant. That new plant is expected to be running by 2015; the new permits run through September 2015. "By transforming the Ravena plant into the most advanced cement f... |
Riyadh restricts cement firms’ export licences, Saudi Arabia25 July 2011, Published under Cement NewsSaudi Arabia has slapped restrictions on export licences for cement companies in an attempt to ensure enough resources to fuel the kingdom’s construction boom. A Ministry of Commerce and Industry senior official described the move as a precautionary measure in view of the huge demand for cement from major projects in Riyadh, Jeddah and Makkah. Saleh Al Khaleel, undersecretary at the ministry, told Gulf News that unprecedented demand for cement followed a decree issued by King Abdullah Bin ... |
Eepco grants MIDROC own power station, Ethiopia22 July 2011, Published under Cement NewsDerba MIDROC Cement Factory is to start cement production in early October 2011 following the decision by Ethiopian Electric Power Corporation (EEPCo) to provide the factory with 50MW of electricity. The US$351m factory, located 70km outside the capital in Sululta Town, Oromia Regional State, had postponed its original launch planned for June 2011. |
Lalibela share sale, Ethiopia22 July 2011, Published under Cement NewsLalibela Share Cement Factory, a subsidiary of Tiret Endowment, has started selling shares to the general public on June 30, 2011. The sale of shares will continue until June 30, 2012, it announced. Lalibela has made a public offering of 246,000 shares, with each share valued at ETB5000, with the aim to raise ETB1.2bn. A minimum of three shares must be purchased, and the maximum number of shares that can be purchased is 52,800 shares. Lalibela plans to raise ETB880m, 40 per cent from bank ... |