Cement News tagged under: international
Anhui Conch expects 50% rise in 2010 net profit11 January 2011, Published under Cement NewsAnhui Conch Cement Co, China’s largest cement maker by output, said Monday it expects its 2010 net profit to rise at least 50% from a year earlier, boosted by strong demand for cement and higher product prices. The Hong Kong- and Shanghai-listed company said in a statement its 2009 net profit was CNY3.54bn (US$534.7m). |
Holcim Vietnam to build waste heat-to-power plant in South11 January 2011, Published under Cement NewsHolcim Cement Co, Ltd Vietnam will build a waste heat-to-power plant in the Mekong Delta province of Kien Giang. The plant will cost US$28m, including US$10m used for maintenance, Holcim’s general director Gerhard Schutz said. The construction will start early next month in Kien Luong district and will be completed in August 2012, Schutz attributed. The 6.3MW plant will utilise waste heat discharged from the Hon Chong cement mill as input materials to generate 44mkWh of electricity a year... |
Dangote to invest US$100m in Cameroon: report11 January 2011, Published under Cement NewsNigerian cement manufacturer Dangote plans to invest US$100m to build a cement factory in Cameroon, local media cited the group as saying on Monday. "We have reached an agreement with Cameroonian," Dangote general manager Aliko Dangote told the official daily Cameroon Tribune. "If the cement business succeeds our group will move into other domains of the Cameroonian industry," he said. Cameroon has only one cement producing company, CIMENCAM, with annual output of approximately 1Mta from t... |
Shiva Cement Oct-Dec dispatch rises 10.95%11 January 2011, Published under Cement NewsShiva Cement announced that cement and clinker dispatches during December 2010 were up by 1.9 per cent compared to December 2009. Total cement and clinker dispatches during the Oct-Dec 2010 quarter were up by 10.95 per cent compared to the same period in 2009. |
Turkey’s Oyak Cement on the acquisition trail11 January 2011, Published under Cement NewsOyak Cement Group, which controls five publicly traded cement companies in Turkey, is looking into opportunities to buy cement plants in nearby countries, said Celalettin Caglar, head of Oyak’s cement and automobile group. The group, owned by Turkey’s army pension fund Oyak, is also examining offers from potential foreign buyers for its assets, Caglar said in an e-mailed response to questions from Bloomberg today. Turkish cement companies’ domestic sales may rise as much as eight per cent... |
Saudi Arabia awards US$149m construction contracts10 January 2011, Published under Cement NewsSaudi Arabia, the largest Arab economy, awarded contracts worth more than SAR559m (US$149m) to develop water and sanitation projects, state-run Saudi Press Agency, or SPA, reports Saturday, citing the water and electricity minister. The contracts include studying water resources in the Empty Quarter, in the southern desert region, and building water collection centres, SPA quoted Abdullah Al Hussayen as saying. Saudi Arabia, which has filled its coffers with surplus income from oil exports ... |
Vietnam: hard times fall on local cement manufacturers10 January 2011, Published under Cement NewsDomestic cement producers are set for an uncertain future, with supply expected to exceed demand in the coming years, according to Nguyen Nhu Khue, director of Bim Son Cement Joint Stock Company. According to a report made by the Viet Nam Construction Materials Association, the national cement production would reach 55Mt this year, surpassing demand by between 3-4Mt, and under an industry plan, cement output would reach 100Mt in 2020. In addition, a series of new cement plants and the expa... |
Uganda: cement price expected to drop with new plant10 January 2011, Published under Cement NewsCement prices are expected to drop following the commissioning of a new plant by Hima Cement. The factory in Kasese District is expected to boost the construction industry with an expected drop in the price of cement as a result of increased production. In the later part of December 2010, cement in Uganda witnessed a volatile price trend forcing a retail price of KES26,500 (US$326). Mr Hussein Mansi, the local Lafrage representative, said the KES280bn (US$3.4bn) plant will not only increas... |
Fancesa under pressure to meet demand, Bolivia10 January 2011, Published under Cement NewsLocal Bolivian cement producer Fancesa has increased production at its Sucre factory from 350tpd to 600tpd to meet growing demand. However, according to company chiefs, this is still not enough to meet local requirements and have requested that other local producers do their part to further meet consumption. Chairman of the plant’s board, Luis Alberto Iriarte said: "We are almost doubling the cement production of about 350t we produced, [and] we now produce about 600tpd, " he said. |
’No obligation to give limestone to Lafarge unit’10 January 2011, Published under Cement NewsIndia has no international obligation to supply limestone to Bangladesh from a mining project indirectly promoted by French-Spanish joint venture Lafarge Surma Cement Ltd, according to arguments made in the Supreme Court on Friday. Submissions by amicus curiae Harish Salve before the court’s forest bench on the multi-million dollar limestone mining project in the East Khasi Hills of Meghalaya may put the cement giant’s Indian subsidiary, Lafarge Umiam Mining Pvt. Ltd (LUMPL), on the spot. ... |