Cement News tagged under: international
Shree Cement 500,000t coal agreement13 December 2010, Published under Cement NewsShree Cement Ltd agreed to buy 500,000t of imported coal for delivery by April next year, India Coal Market Watch reported, without saying where it got the information. The Kolkata, India-based cement maker paid a delivered price of US$105/t for the imported coal used in power plants, the coal newsletter said. The company last month took delivery of a 147,000t cargo at Navlakhi port in western India. India’s thermal-coal imports rose by about 16 per cent to 44Mt in the year ended March 2... |
Egypt’s ASEC Cement says on track to boost output13 December 2010, Published under Cement NewsEgypt’s ASEC Cement is on track to triple its cement production in the Middle East and North Africa by 2013 and is finalising talks with banks to boost production in Syria, its chief executive said. ASEC, a subsidiary of Cairo-based Citadel Capital, controls plants in Egypt, Algeria, Sudan, Syria, Iraq’s semi-autonomous Kurdistan and Ethiopia with a combined cement production of nearly 4Mt, Giorgio Bodo said. "The Middle East is still a young part of the world. You have lots of new familie... |
Dangote to invest US$400m in Zambia plant13 December 2010, Published under Cement NewsNigeria’s largest cement maker Dangote Cement will invest US$400m to build a cement plant in Zambia over the next three years, its chief executive said on Friday. Aliko Dangote said the cement plant, to be constructed from next year to 2013, was among the largest investments that the company was making outside mining. "We will be producing 1.5Mta at the plant in Zambia when the company reaches the full production capacity by 2013," Dangote said. |
Hungarian cement industry seen stagnating till 201213 December 2010, Published under Cement NewsHungary’s cement industry is expected to start growing again only from 2012, Hungarian Cement Association head János Szarkandi said. When growth does return, it will be a slight 2-4%, Szarkandi said. Domestic cement consumption fell from more than 4Mt in 2008 to 2.5-2.6Mt in 2010, he said. |
FLSmidth MAAG Gear AG extends services in India10 December 2010, Published under Cement NewsFLSmidth MAAG Gear announces the opening of a local office in Chennai, India as of November 1st, 2010. India, being a booming market, is one of the most important market places for FLSmidth MAAG Gear. FLSmidth MAAG Gear employs one area sales manager as well as two service engineers who will serve the over 200 running FLSmidth MAAG gears in India. The two service engineers are undertaking a thorough training within the group to enable us to offer local services by the second half of 2011. |
Siam City Cement signs new Cambodia venture10 December 2010, Published under Cement NewsA US$200m joint venture between Cambodia’s Chip Mong Group and Thai company Siam City Cement Pcl was signed yesterday, paving the way for the Kingdom’s second operating cement factory. Leang Meng, chief executive of Chip Mong Group, told reporters at a Phnom Penh signing ceremony that the investment was a good opportunity as Cambodia’s continuing development meant it required large amounts of cement. “Under this collaboration, [Chip Mong] will not only be able to sell its products in the Ki... |
EU Proceeds with case against cement companies10 December 2010, Published under Cement NewsCemex said Thursday that the European Commission has decided to initiate formal proceedings against Cemex and seven other cement companies due to possible anti-competitive practices in 10 European countries. The European Commission launched an investigation in November 2008 into suspected cartel-like practices in the cement markets of Austria, Belgium, the Czech Republic, France, Germany, Italy, Luxembourg, the Netherlands, Spain and the U.K. Lafarge, Holcim, HeidelbergCement AG and Dycker... |
Vietnam Vicem Produces 24.6Mt of clinker, cement in Jan-Oct10 December 2010, Published under Cement NewsVietnam Cement Industry Corporation (Vicem) generated 10.3Mt of clinker and 14.3Mt of cement in the first 10 months of 2010, up 31.9% and 5.9% YoY respectively. The figures represented 80.1% and 75.2% of the firm’s full-year targets, respectively, Vicem said on its website. In October, Vicem produced 1.042Mt of clinker, up 21.7% YoY and 1.5Mt of cement, down 1.9%. The corporation sold 14.3Mt of cement and 228,000t of clinker between Jan and Oct, up 5.2% and 53% on-year in turn. Vicem hel... |
Fiji cement price reduced10 December 2010, Published under Cement NewsFiji’s Commerce Commission announced a decrease of 5.89 per cent in cement prices yesterday. The prices of bagged and bulk cement has decreased to FJD233.91/t (US$233.91) and $212.65 per tonne in January this year. It will now cost FJD220.12/t of bagged cement and FJD200.12/t of bulk cement. "The decrease in the prices if a result of the commission’s independent analysis of the submission by the Fiji Industries Limited," commission chief executive Bobby Maharaj said yesterday in a stateme... |
CSN inks MoU to buy Spanish cement, steel assets10 December 2010, Published under Cement NewsBrazilian steelmaker CSN said on Thursday it signed a preliminary deal with Spain’s Grupo Alfonso Gallardo to buy shares in Spanish cement and steel producers for an estimated EUR352m. CSN said in a securities filing that it had entered exclusive talks with Alfonso Gallardo, also a steelmaker, to buy all of that company’s shares in cement producer Cementos Balbao and steelmakers Corrugados Azpeitia and Corrugados Lasao. The Brazilian steel company said it could provide an additional EUR30m... |