Cement News tagged under: international
Pakistan: local industry can cater to cement demand14 January 2011, Published under Cement NewsPakistan cement manufacturers on Thursday assured the government that the cement requirements of the public sector infrastructure projects for small dams and canal lining for the next three to five years could be met with the current production capacity. Additional 10Mt cement could be produced through utilisation of excess capacity. A meeting with cement manufacturers was held under the chairmanship of Federal Minister for Industries and Production in the Ministry of Industries and Produ... |
Credit Suisse cuts Lafarge rating to "neutral"14 January 2011, Published under Cement NewsCredit Suisse has downgraded its rating on French cement maker Lafarge to "neutral" from "outperform", while raising the share price target to EUR 51 from EUR 48. According to the broker, the higher energy costs will have a negative impact on the company. |
Philippines to suspend import duty on cement14 January 2011, Published under Cement NewsPhilippine President Benigno Aquino said on Thursday that import duties on cement and wheat imports will be suspended to limit the impact of rising global prices on domestic buyers. Wheat and cement imports were exempted from the duties in late 2008 by the previous government. A plan by the new government to extend the exemption last year did not eventuate. "We are trying to cushion the impact of increasing prices by having those tax breaks... on both wheat and cement," Aquino told reporte... |
Birla to set up plant in Assam, India14 January 2011, Published under Cement NewsBirla Corporation Limited, the flagship company of the MP Birla Group, Thursday signed a pact with the Assam Mineral Development Corporation ( AMDC) for setting up a 1Mt greenfield cement plant in Assam at a cost of around INR450 crore. The joint venture project is proposed to be set up at Umrangsu in the North Cachar Hills district, a company statement said. The memorandum of understanding (MOU) was inked in Guwahati in the presence of Chief Minister Tarun Gogoi, and other government o... |
Lafarge India outlines plans for new plant13 January 2011, Published under Cement NewsLafarge India Eastern, which is a wholly owned arm of Lafarge India, has chalked out an ambitious plan to set up a 1.1Mta integrated cement plant at Nongkhleih in the limestone rich Jaintia Hills district of Meghalaya. The project, which would be the biggest private sector investment in the northeastern region, is currently crossing various stages of clearances. |
Vietnam demand forecast to rise to 56Mt13 January 2011, Published under Cement NewsVietnam is forecast to use 56Mt of cement in 2011, up nine per cent from a year earlier. The country’s cement production is forecast to reach to 65.8Mt due to the additional operation of 10 cement plants with a combined capacity of 15Mta, the Vietnam Cement Association said. Vietnam’s cement sales stood at 50.21Mt in 2010, including used 5.08Mt in December, fulfilling 100% of the sector’s whole-year target. The country’s cement price is expected to be stable in 2011 due to higher supply. |
Binani to set up Greenfield plant in Gujarat13 January 2011, Published under Cement NewsBinani Cement Limited has signed a memorandum of understanding (MoU) with Gujarat State Government to set up a greenfield cement plant, a 610MW thermal power plant and a jetty to handle cargos. The Memorandum of Understanding (MoU) was recently signed between the Gujarat Government and Binani Cement Officials during the Vibrant Gujarat Summit. The MoU was signed with the Department of Mines and Geology to set up an additional greenfield plant with a capacity of 2.5Mt in Phase II. MoU for P... |
Saudi Cement sales rise 13%13 January 2011, Published under Cement NewsCement sales in Saudi Arabia rose 13% last year, as the emergence of residential, commercial and infrastructure projects throughout the Kingdom require building resources. December saw a particularly strong rise. Total sales rose from 3.48Mt to 3.87Mt, up 11%, with fourth quarter sales rising 10% to 10.72Mt. |
Ancap to increase production by 50%, Uruguay13 January 2011, Published under Cement NewsUruguay’s state oil company Ancap will invest US$70m during 2011 to reach cement production of 1Mta, a spokesperson told BNamericas. The expenditure forms part of the firm’s US$210mn investment budget approved by legislators to for 2011, according to the spokesperson. Ancap will expand production at its cement plants in departments Paysandu and Lavalleja, increasing its current production capacity by 50 per cent. The firm will also invest US$40m in a lime plant in Treinta y Tres depart... |
Gresik upgrades strategies and boosts production13 January 2011, Published under Cement NewsAs part of its preparation for the increased demand, Indonesia’s Semen Gresik has upgraded its sales and marketing strategies, in addition to boosting production. In an attempt to lower its energy costs, the company has shifted from using expensive, high-calorie coal to a less xpensive, lower-calorie variety. It also plans to increase its use of agricultural waste products as alternative fuels and upgrade operational efficiency with better synergy between subsidiaries. “Semen Gresik alre... |