Cement News tagged under: international
More capacity for Bangladeshi grinders27 December 2010, Published under Cement NewsLocal cement firms in Bangladesh are pouring billions of Taka in new plants in an investment bonanza never seen in the sector, eclipsing their giant foreign rivals in a fierce battle for control of one of the fastest growing construction markets. Led by Shah, the largest local cement manufacturer, the companies are installing new clinker grinding plants worth around 20 billion taka that will double the country’s production capacity to over 30Mt. They are bolstered by fact that the cement s... |
Energy warning for global cement producers27 December 2010, Published under Cement NewsThe possibility that steam coal prices could rebound sharply in 2011 is becoming a major talking point in European and Asian energy circles. In essence, a steady upward pressure on supplies, with annual demand gains now averaging around seven per cent, are likely to be exacerbated by coal shortages in China this winter. This in turn may prompt domestic buyers, including those in the local cement sector, to push for additional coal imports. Some reports say China will need as much of 100Mt of... |
Japan cement sales up for 1st time in 42 months24 December 2010, Published under Cement NewsCement sales in Japan in November grew 8.8 per cent from a year before to 3,998,000t, marking the first rise since May 2007, the Japan Cement Association said Friday. Cement demand shows signs of recovery following increases in capital investment by the private sector and the number of housing starts, industry sources said. At a press conference, an executive of the group said that although cement demand might not recover easily, it is actually growing nationwide. |
Cemex inaugurates US$12m bag filter, Egypt24 December 2010, Published under Cement NewsCemex in Egypt inaugurated a new state-of-the-art US$ 12 million bag house filter during its first Sustainability Day in its Assiut Cement Plant. The new bag filter system is equipped with the latest available technology that will allow the plant to operate within the lowest achievable dust emission levels in the industry. The filter will reduce Cemex Egypt’s dust emissions levels to a maximum of 10mg/m3, which is below the Egyptian and European legal standards. "Our commitment goes beyond ... |
Sinoma Group revenue target, China23 December 2010, Published under Cement NewsChina National Materials Group Corp Ltd or Sinoma Group, the parent firm of China National Material Co, aims to earn more than CNY150bn (US$22.5bn) in operating revenue in 2015, according to a plan on December 21 unveiled by Sinoma Group. In 2015, Sinoma Group’s gross profits are expected to exceed CNY15bn, and it hopes to have over CNY150bn in total assets at the end of the same year. The state-owned group also hopes to have a 22% year-on-year growth in total assets as of Dec. 31, 2010, 4... |
Italy’s Italcementi to sell stakes in Mediobanca, RCS23 December 2010, Published under Cement NewsItalian cement maker Italcementi SpA said Wednesday its board has agreed to sell to its controlling company – Italmobiliare SpA – a 1.4% stake in Mediobanca SpA and a 2.3% holding in RCS MediaGroup SpA. In a filing to the Italian stock exchange, the company said it is selling those stakes to focus on its core business and strengthen its financial structure. The company added the sales will generate capital gains of EUR17.1m. |
Grasim Industries files application to produce Portland Slag Cement23 December 2010, Published under Cement NewsIndia based Grasim Industries Limited filed patent application for process for manufacturing of Portland slag cement. The inventors are Hegde Subray Balachandra and Chelladurai Palaniandy. Grasim Industries Limited filed the patent application on Aug. 22, 2005. The patent application number is 990/MUM/2005 A. According to the Controller General of Patents, Designs & Trade Marks, "The present invention concerns a process for manufacturing of Portland Slag Cement, in which blast furnace slag... |
Hercules Cement plans temporary lay-offs23 December 2010, Published under Cement NewsNearly half the unionised work force at Hercules Cement Inc. will be temporarily laid off in January, a decision management blames on slow business. Richard Zimmel, plant manager for the Stockertown cement producer, says between 35 and 37 workers will be laid off effective Jan. 3. Zimmel said the layoffs are expected to be short-term though he was not certain exactly when workers will be recalled. It depends upon on how business is in the first months of the year,” said Zimmel, adding t... |
Jilin Yatai Buys 51% stake in cement firm, China23 December 2010, Published under Cement NewsYatai Group Building Material Investment, a subsidiary of Jilin Yatai Group, acquired 51 per cent stake of Tieling Tieshui Cement Company for CNY266m (US$40m). Two months ago, the subsidiary purchased a 44 per cent stake in Tieling Tieshui Cement Company. According to Yatai Group, Tieling Tieshui Cement has three dry-process lines. n employee said the target company’s location in Tieling is close to Shenyang where the company just completed its building material industrial park. Yatai Grou... |
Gasco stake sale to begin Wednesday22 December 2010, Published under Cement NewsThe process to sell Chilean natural gas supplier Gasco SA’s 40.9% stake in local cement maker Cemento Polpaico SA will open Wednesday and close on Dec. 27, a company spokeswoman said. |