Cement News tagged under: international
Gedem factory ready to start supplying the market, Eritrea20 April 2011, Published under Cement NewsGedem Cement Factory has carried out successful production trials, and will soon be supplying the market, according to project coordinator, Habtemariam Fissehaye. The new 1000tpd factory has been set up in Massawa and is being considered by the Eritrean government as a national strategic project which is expected to play a significant role in promoting the country’s economic development. This 0.33Mta capacity plant should, theoretically, take away the need for Eritrea to import, apart from ... |
Peru to see double-digit growth this year20 April 2011, Published under Cement NewsPeru’s infrastructure deficit is proving to be a boon for the local cement industry. The Peruvian Construction Chamber (Capeco) estimates a deficit of 1.2 million housing units at the start of 2011, similar to the past two years. The Association to Foment National Infrastructure (AFIN) claims Peru needs approximately US$38bn of investment in the next five years in energy, sanitation and transportation infrastructure to ensure annual economic growth of 6% or more. The two deficits, on top of... |
Anhui Conch Cement’s 1Q net profit up 179%20 April 2011, Published under Cement NewsAnhui Conch Cement of China announced Monday that its net profit surged 179.69% YoY in the first quarter of this year, driven by rising cement prices. The company said in a statement that the net profit for the first three months of this year, based on Chinese accounting rules, was CNY2.22bn, up from CNY792.3m in the same period of last year. Basic earnings per share were CNY0.63 during the period. The company’s operating revenue jumped 53% YoY to CNY9.31bn in the first quarter. In 2010,... |
Sephaku Cement announces new Limpopo project20 April 2011, Published under Cement NewsSephaku Holdings, today announced the establishment its second major project, a 3000tpd facility near Dwaalboom in Limpopo Province, some 300km north-west of Johannesburg in South Africa. The go-ahead for this project follows the recent completion of a 12-month limestone prospecting programme in the project area. Africa Geo-Environmental Services (Pty) Ltd (AGES) has been appointed as environmental consultants for the environmental authorisation application and the new order mining right a... |
Votorantim announces start of plants in Santa Catarina20 April 2011, Published under Cement NewsBrazilian cement major, Votorantim Cimentos, has announced the start-up of two new units in the cities of Vidal Ramos and and Florianopolis in Santa Catarina state. The new factories are planned to be operational by end-May and have the capacity to produce 1.9Mta. Currently the company also has another unit in Santa Catarina state, in the city of Itajai which produces 0.5Mta. With the establishment of the two new factories, the company’s capacity in the state will more than quadruple to ... |
Ciments de Bizerte turnover falls, Tunisia20 April 2011, Published under Cement NewsTunisian producer Ciments de Bizerte announced that its turnover decreased from TND24m (US$17.5m) to TND16.3m for the full-year to 31 March 2011, representing a decline of 32.25%. "This decrease is due to the cessation of exports to markets in Libya and Algeria during the first quarter 2011, due to events taking place including Libya," the company said. This report, however, "welcomed the slight increase in our revenues for the local market (+0.4%) despite the disruption of sales that the... |
Pokot Cement plant faces delays, Kenya19 April 2011, Published under Cement NewsConstruction of the Pokot Cement factory in Kenya has failed to start, some eight month since Prime Minister Raila Odinga commissioned the project. Raila Odinga presided over the ground breaking ceremony for the factory at Ortum in West Pokot in July last year and since then no construction work has taken place. The factory is to be established by investors from the Cemtech and Sanghi group of India who have already received all licences from the government and other relevant authorities ... |
Pakistan licences renewed for exports to India19 April 2011, Published under Cement NewsThe Bureau of Indian Standards (BIS) has reissued certificates to local Pakistan cement exporters, allowing them to export to India. They said that cement exports to the neighbouring country have witnessed a significant drop during the last fiscal year due to expiry of some local producers’ BIS certificates. “Although, exports to India were not completely halted, but a ray of hope has emerged for local cement producers as they are now allowed to export cement to India”, Furqan Punjani, an... |
Holcim Indonesia aims to start new plant in 201319 April 2011, Published under Cement NewsPT Holcim Indonesia aims to start commercial operations of its 1.7Mta cement plant by the middle of 2013, the company’s chief executive said Monday. "We expect to boost our production capacity to 10Mta by 2013 from 8.3Mt currently," Eamon Ginley told reporters after a shareholders meeting. Holcim Chief Financial Officer Olaf Nahe added the plant will likely cost about US$450m. "Half of it will be financed from our internal cash, while the other half from bank loans," Nahe said. The compa... |
Ghacem to increase production to 3.4Mt, Ghana19 April 2011, Published under Cement NewsGhana Cement (Ghacem) has announced plans to inject an amount of US$26m into its core operations to meet the growing demand of cement in the country. The amount, according to the company’s officials, would be used to expand the company’s plant facility at Tema, to increase its production capacity from 1.2Mt to 2.2Mta. “This new expansion project will in no doubt further enhance Ghacem’s investment portfolio, which is tailored to meet the nation’s need for quality cement,” Morten Gade, Mana... |