Cement News tagged under: international
Cargotec to establish a global competence centre in Singapore01 June 2011, Published under Cement NewsCargotec will establish a global competence centre for container terminals development in Singapore. By establishing a competence centre close to customers in Singapore, Cargotec will further strengthen its ability to provide total solutions for its container terminal customers in the whole Asia-Pacific region. "Customer perspective is at the core of Cargotec’s strategy. In order to better understand customer needs, Cargotec needs an extensive geographic presence and tight collaboration wi... |
Bahrain to step up production of cement01 June 2011, Published under Cement NewsIn an effort to ensure domestic demand requirements are met, more than 30,000t of cement will be available soon in Bahrain every week, according to the Industry and Commerce Ministry. The additional supplies would consist of increased local production as well as further imports. The ministry added that it would follow up all matters related to the cement sector and was keen to keep prices at the current level. The move was announced following a visit by Industry and Commerce Minister Dr Ha... |
ACC plans Udupi plant, India01 June 2011, Published under Cement NewsACC Ltd plans to set up a 1Mta fly ash-based Portland Pozzolana unit in Udupi district of Karnataka. The plant will be located near the Udupi Power project, from where it will source fly ash. The Karnataka Industrial Area Development Board (KIADB) has identified 71.19 acres of land in Yellur and Padebettu villages in Udupi district for setting up the plant. |
Ethiopia government looking to buy petcoke01 June 2011, Published under Cement NewsThe Ethiopian government is to enter into negotiations with oil producing countries to import petcoke for distribution to cement factories to reduce spending foreign currency on heavy fuel oil (HFO), sources disclosed to Fortune. As an alternative source of energy, all cement factories were instructed by the Ministry of Industry (MoI) four months ago to start using petcoke as of June 7, 2011, sources said. The instruction was met with appeals by cement factories requesting support from the... |
Tianrui Group Cement Eyes US$500m IPO01 June 2011, Published under Cement NewsTianrui Group Cement Co, in which US private equity group Kohlberg Kravis Roberts & Co (KKR) has a minority stake, plans to raise up to US$500m in a Hong Kong initial public offering (IP0) in the second half of the year, people familiar with the situation said Tuesday. The deal by Tianrui, which is taking advantage of rising cement prices in China, comes as the list of IPOs preparing to list in Hong Kong continues to grow, with Newton Resources Ltd. planning to raise between US$300m and US$... |
BofA Merrill Lynch, Goldman, SunTrust to run Vulcan Materials debt sale01 June 2011, Published under Cement NewsUS construction aggregates maker Vulcan Materials said on Tuesday it had hired Goldman Sachs, BofA Merrill Lynch and SunTrust Robinson Humphrey as joint book-runners for its proposed offering of five-year and 10-year debt. The asphalt mix, concrete and cement producer intends to sell a total of US$1bn (EUR695m) of senior unsecured notes due 2016 and senior unsecured notes due 2021. Vulcan Materials plans to use the net proceeds from the notes offering to refinance its existing term loan, f... |
BUA Group to begin construction of Okpella plant, Nigeria01 June 2011, Published under Cement NewsThe BUA Group is set to embark on the construction of a US$500m cement plant at Okpella community in Edo, Nigeria. When completed, the plant will have a capacity of 2.5Mta. The Executive Chairman of BUA Group, Alhaji Abdulsamad Rabiu, announced at the contract signing ceremony for the building of the plant on Tuesday in Abuja that the building of the Edo Cement Plant would be completed in August, 2013. Nigerian press have reported that FLSmidth is the main equipment supplier for the plant. ... |
CNBM plans Indonesian investment01 June 2011, Published under Cement NewsChina National Building Material Co Ltd (CNBM) plans to invest US$350m to build a cement factory in the next two years in Indonesia’s main Java island. "We are committed to build a cement factory in Grobogan to cooperate with local firms, with the investment being US$350m" the local Bisnis Indonesia newspaper quoted Ma Mingliang, the head of the firm’s cement division, as saying. The factory will have a cement production capacity of 16,000tpd. Foreign direct investment from Asian firms has... |
Saudi Arabia sees April sales up 16%01 June 2011, Published under Cement NewsSaudi Arabia’s cement sector recorded sales growth of 16 per cent in April, the highest in more than a year. Domestic cement sales grew to 4.2Mt in April, compared with 3.61Mt in the same period last year, said analysts from NCB Capital. Private projects, notably those for housing and schools, are boosting demand for the basic material. "Last year, people were very wary. The last thing they wanted to do was commit money, but now the outlook is looking brighter," said Farouk Miah, an analys... |
India’s ACC May cement shipments up 13.7%01 June 2011, Published under Cement NewsIndia’s No 2 cement producer, ACC Ltd, said on Wednesday shipments in May rose 13.7 per cent from a year earlier to 1.99Mt. The company, in which Holcim holds about 46 per cent, said production in May rose to 2.01Mt from 1.82Mt a year ago. |