Cement News tagged under: international
Ethiopia plant project update20 December 2010, Published under Cement NewsEthiopia’s Ministry of Industry said that some 35 projects with over EBB54bn (US$3.8bn) combined capital have been engaged in cement production. Ministry Corporate Communication Directorate Acting Director, Melaku Taye, told WIC today that nine of the projects have already begun producing 1.2Mt of cement. He said some seven additional cement projects are expected to begin production this budget year, thereby raising nation’s annual cement production to 5Mt. The remaining projects are ... |
China Sinoma Contracts Iraq cement production line20 December 2010, Published under Cement NewsChina Sinoma International Engineering on December 16, 2010 issued an announcement, saying that its subsidiary Sinoma (Suzhou) Construction Co, Ltd. inked a contractor contract, worth US$112.5m, with Iraq investment firm MASS IRAQ. The Suzhou-based company, together with the Iraq company inked the contract on contracting a cement plant in Sulaymaniyah, with an annual capacity of 5300tpd. The contract covers the design, procurement, construction, installation, commissioning, trial producti... |
Saudi construction deals seen to hit SAR322bn in 201120 December 2010, Published under Cement NewsThe value of construction projects deals in Saudi Arabia is expected to jump to about SAR322bn (US$85.86bn) next year from SAR260bn in the current year, Jeddah-based Okaz daily reports Saturday citing an executive. The Saudi contracting sector suffers from financing and supervisory challenges in addition to other problems relating to the prerequisites of government contracts, Fahd Al Hammadi, head of the contracting division at the Riyadh Chamber of Commerce and IndustryRiyadh Chamber of C... |
Votorantim lays foundation stone for São Luís unit20 December 2010, Published under Cement NewsPresident of Votorantim Cimentos, Walter Schalka has laid the foundation stone for the construction of a cement unit in São Luís, the capital of the Brazilian state of Maranhão. Also in attendance at the ceremony was João Castelo, mayor of São Luís. The project is part of the Votorantim group’s plan of increasing capacity to meet growing domestic demand and better serve regional Brazilian markets. |
Lafarge Cement to produce ‘lite’ cement, Mauritius20 December 2010, Published under Cement NewsLafarge (Mauritius) Cement Ltd, cement maker, plans to produce a new type of "lite" cement that contain less cement than required for certain types of work. Currently, Mauritius imports a single type of cement that is necessarily applied to all uses, for lack of an alternative. Lafarge proposes to expand the range of cements available by producing a mix of traditional cement and powdered basalt. This mix should be cheaper because it reduces the use of imported cement that is replaced, t... |
UOB keeps positive view on China cement sector17 December 2010, Published under Cement NewsUOB KayHian stays positive on China’s cement sector and it continues to prefer the eastern and southern regions on tight regional dynamics and sustainable demand growth. The house says sector catalysts include industry M&A wave in 1H11 to trigger re-rating opportunities; sector’s 4Q10 earnings are likely to be significantly above market expectation due to record-high cement prices nationwide; declining cement FAI growth with confirmed capacity capped by the government; likely higher-than-exp... |
CEO says Cementos Lima is ready for more competition17 December 2010, Published under Cement NewsThe chief executive of Cementos Lima said the company, the largest cement producer in Peru, is ready to meet increased competition from the entry of foreign cement producers. Chief Executive Carlos Ugas also said that the company’s plant under construction in the U.S. should move into a testing phase by year-end and start production in the first quarter. Ugas’s comments were contained in a company filing to the Peruvian securities regulatory agency. Ugas pointed to reports Cementos Portlan... |
Morgan Stanley upgrades Indocement to overweight17 December 2010, Published under Cement NewsMorgan Stanley upgrades Indocement to Overweight from Equalweight and raises the target price to IDR19,000 from 18,000 following a 15% price correction over the past 3 months. "We are positive on Indonesia’s cement consumption outlook and forecast 8.5% demand growth on the back of 6.5% GDP growth for 2011." The house believes the recent deceleration in demand growth is weather induced and temporary. It reckons the long-term fundamentals of rising income, low per capita cement consumption... |
Inekon Group to build cement works in Vietnam in January17 December 2010, Published under Cement NewsInekon Group will commence construction of the Phu Son cement works in Vietnam for almost CZK3bn. The investment into construction will according to general manager Josef Husek total EUR156m (CZK3.931bn). The project investor is Vietnamese company Phu Son Cement. Once completed, the cement works will provide roughly 300 jobs. A loan worth roughly CZK 2.5bn has been provided by PPF Banka. The company added that the loan was insured by the Export Guarantee and Insurance Corporation. Other Cze... |
Pakistan industry likely to face tough time17 December 2010, Published under Cement NewsPakistan cement industry may face tough time ahead as the exports are winding down on account of falling demand amid growing capacity expansion in the region, analysts said on Thursday. The cement industry has gone through a hard time over the past few months as after devastating floods the industry witnessed a decline in sales during the disruptions and tepid constructional activities across the country. In sharp contrast to market projections that had expected local cement demand to ... |