Cement News tagged under: international
Cementos Cosmos Toral in EUR1.8m investment, Spain07 December 2010, Published under Cement NewsCimpor’s Spanish cement factory in Toral de los Vados, is to benefit from a EUR1.8bn investment to improve environmental measures and transport logistics. Cementos Cosmos will invest more than half that amount, around EUR1m will be put towards sustainability initiatives including improving emission control measures. The company has been affected by the downturn in local cement demand, with sales down 25 per cent in the current fiscal compared to figures witnessed in 2008. |
India: cement prices re-start downward roll?06 December 2010, Published under Cement NewsOversupply in the south India and incremental supply in the west are among the reasons cement prices have seen a fresh drop in several parts of the country, led by the southern region. Chennai, which had seen price cuts two weeks ago after the Tamil Nadu chief minister’s intervention, has seen fresh cuts of INR10-15 per 50 kg bag. The new prices are at `260-265 per bag for retail and INR220-225 per bag for wholesale buyers. "The demand is not too high and the ministry is too sceptical of... |
Lafarge reaffirms commitment to Africa?06 December 2010, Published under Cement NewsBruno Lafont, chairman and CEO of Lafarge, has carried out a whistle-stop tour through Africa including visits to Kenya, Cameroon, Nigeria, Zimbabwe, Tanzania and South Africa. During a stop in Johannesburg, South Africa, Mr Lafont says he has been looking into market trends and the overall investment climate in the countries he has visited, as the company is in a period of renewed growth. Africa remains a priority for Lafarge. “We are the biggest cement manufacturer in Africa by far. We... |
Turkish company to develop Iraq plant06 December 2010, Published under Cement NewsA Turkish company has received approval to develop the Sinjar Cement Plant and invest it for 15 years, according to a source from the Northern Cement State Company (NCSC). The Turkish company received December 2, approval to invest about US$100m in the Sinjar Cement Plant, located northwest of Mosul city, Hussein al-Khafaji told Aswat al-Iraq news agency. The investment process in the plant will see an increase in the plant’s production to 1.8Mta. Three months ago the Iraqi ministry ... |
Ghacem to expand capacity, Ghana?06 December 2010, Published under Cement NewsGhana Cement Works (GHACEM) is to expand the production capacity of its factories at Takoradi and Tema to meet increasing demand for cement, Jean Marc Junon, Chairman of the Board of GHACEM, said on Thursday. He told local press that the Takoradi and Tema factories were each producing 1.2Mta. The expansion would enable the two factories to produce additional 650,000t each to increase their production to 1.9Mta, he said. Mr Junon said the expansion programme at the Tema Factory would be... |
Japan: hiking exports to salvage profits06 December 2010, Published under Cement NewsJapanese manufacturers of industrial materials are raising export prices in a bid to beef up profit margins that have been thinned by a strong yen since fall, according to reports from the Nikkei of Japan. Most of these companies have grown highly reliant on overseas markets for profits due to difficulty in lifting domestic prices amid weak demand and deflationary pressure. Cement industry leader Taiheiyo Cement Corp has lifted its spot export prices to roughly US$40/t, around US4-5 high... |
Murli board okays sale of plant, India06 December 2010, Published under Cement NewsIndia’s Murli Industries Ltd Friday said its board has approved the sale of its cement plant in the western Maharashtra state. The plant began operations in March and has a capacity of 3Mta. On November 22, Murli Industries, responding to a news report, said it was in preliminary talks with overseas cement companies to sell the plant in Chandrapur. The Economic Times newspaper reported that Cemex has offered US$550m to acquire the Chandrapur facility. |
Pakistan seeks to cash in on cement exports06 December 2010, Published under Cement NewsCement exports of Pakistan are expected to grow steadily in the years to come, as Russia and Qatar are determined to develop their infrastructure ahead of hosting FIFA’s World Cup in 2018 and 2022, respectively, a brokerage house has said. “We believe a massive infrastructure build-up would be required in these two countries for hosting the event, especially in the case of Qatar, and we believe that Pakistan would be benefiting the most through exporting labour and cement,” said Atif Zafar, ... |
Lafarge may build new plant in Zimbabwe06 December 2010, Published under Cement NewsLafarge Cement Zimbabwe says it may build a new cement manufacturing plant in Zimbabwe to increase its installed capacity to 1Mt in five years, but cautioned this would depend on the outcome of a feasibility study currently underway. The local unit of Lafarge the country’s second-largest cement producer. Its plant, on a systematic ramp-up since dollarisation, is currently utilising about 70% of available capacity, which is seen increasing as local markets recover from a decade-long recessio... |
PPC plans to invest in Mozambique - report06 December 2010, Published under Cement NewsPretoria Portland Cement Ltd. plans to invest US$200m in a new cement factory in southern Mozambique in February, Radio Mozambique reported. The plant will have the capacity to produce 600,000tpa, the Maputo-based broadcaster said, citing Inorico Borier, managing director of Kangela Ltd., an official representative of PPC in Mozambique. PPC is completing environmental-impact surveys and other studies, Radio Mozambique said. |