Cement News tagged under: international
Cemena Holding Company to build plant in Syria01 December 2010, Published under Cement NewsCemena Holding Company, a Middle East and North Africa (MENA) based cement holding company, today signed an agreement with Sinoma CBMI Construction Company Ltd a subsidiary of Sinoma group to commence construction of a Cement plant in Syria, at a ceremony held at the company headquarters in Bahrain. The plant, which will be Cemena’s second after (Falcon) a cement plant in the Kingdom of Bahrain; the design production capacity of the plant is 6400tpd with two production lines, 3200tpd of eac... |
Lafarge Indonesian unit to start in March 201130 November 2010, Published under Cement NewsPT Semen Andalas, which is 99 per cent owned by Lafarge, said its new cement factory in Lhok Nga, Aceh, will start operation in March 2011. The new factory with a production capacity of 1.6Mt is a replacement for one destroyed by a tsunami which devastated Aceh in late 2004. Construction of the new factory began in 2007 with an investment of around US$300m, industry minister MS Hidayat said. Semen Andalas also has put into operation a packing terminal at the Lhok Nga port with two packing... |
Lafarge Malayan net profit down 22% in 3Q1030 November 2010, Published under Cement NewsLafarge Malayan Cement Bhd’s net profit fell 22% YoY to MYR91.15m (US$28.9m) for the third-quarter of 2010 ended September 30 from MYR116.95m, mainly due to lower export volume and prices, coupled with effects of a weaker US dollar. Its sales in Singapore had also performed poorly during the period, although this was partially compensated by slightly higher prices on the domestic front, said the company in a statement to Bursa Malaysia yesterday. Revenue in 3QFY10 was 8% lower YoY at MYR56... |
Vietnam production up 15% Jan-Nov30 November 2010, Published under Cement NewsCement producers in Vietnam are estimated to have made 51.3Mt of cement in the first 11 months of this year, the General Statistics Office said. The figure represented an on-year increase of 14.9%, the GSO said in a statement released late Monday. In November, the country’s cement output was 5.5Mt, down 10.9% on-year. The Ministry of Construction forecast Vietnam will face a cement surplus of 3.5Mt this year due to the boom of new cement plants nationwide while its cement export plans are... |
Saudi Arabia: Southern Cement expansion completion set30 November 2010, Published under Cement NewsSouthern Province Cement Co said Saturday its expansion project to add a second 5000tpd cement clinker line at its third plant in Tihama will be completed by the end of 2011. The new line will raise the total daily production at the Tihama plant to 10,000t to meet the expected growing demand from Jizan province, bordering Yemen, the official Saudi Press Agency reported Saturday, citing the firm’s chief executive Safar Bin Mohammed Zafir. It will also increase the total output of Southern P... |
Prosperity sees more demand coming from China30 November 2010, Published under Cement NewsProsperity Minerals believes that China’s new five year economic plan will lead to expanding domestic demand. The company has a broad range of assets including an iron ore trading business, real estate development and a number of cement related interests. It has been sitting on a substantial cash pile since it sold most of its cement business for around US$490m – the final payment was received in August. Prosperity plans to invest in the Chinese iron ore and property assets to benefit from... |
Abia starts work on cement factory, Nigeria30 November 2010, Published under Cement NewsABIA State government has commenced work on a cement factory that is expected to produce about 5Mta of cement, the Vanguard reports. Located in Arochukwu Local Government Area, the project is jointly owned by the government and foreign company, Hermes Juno,. The project is expected to provide employment and increase revenue for the state. |
Argos to cease clinker production at Barranquilla30 November 2010, Published under Cement NewsFrom the beginning of next year, Cementos Argos will halt clinker production at its Barranquilla works, Colombia. Grinding, packing and cement deliveries, however, will continue. The company’s president, José Alberto Velez, Argos is looking towards further developments in the region. "Ending cement production in the city is not to leave Barranquilla, on the contrary, it will strengthen the relationship. In the north of the city, there are several planning initiatives. Argos has approximat... |
Lafarge Bamburi opens ready-mix plant, Kenya30 November 2010, Published under Cement NewsLafarge Bamburi has launched a new precast and ready mix concrete plant in an effort to enhance production capacity in Kenya. Speaking during the inauguration ceremony at the plant in Athi River, Bruno Lafont, chairman and CEO of Lafarge said the Company is committed to innovation and growth in East Africa. ‘’This new facility combines both and reflects our strong belief in the economic prospects in Kenya. It will help us meet the growing demand in its construction sector with state of t... |
Indian cement cos valuation continues to spike30 November 2010, Published under Cement NewsThe Indian cement industry, which had witnessed high value deals till 2008 and immediately a slowdown in M&A activity, is once again buzzing with talks of deals at high valuations. Recently, little known Nagpur-headquartered cement company Murli Industries created headlines for negotiating its stake with multinational cement firms at high valuation. According to banking sources, sellers are demanding an enterprise value (EV) of about $200-220 per tonne due to which many domestic players ... |