Cement News tagged under: international
Vietnam revokes Chinfon Cement license25 August 2010, Published under Cement NewsThe Management Board of Dung Quat Economic Zone in Vietnam’s central province of Quang Ngai has decided to revoke an investment license of Chinfon cement project invested by a Vietnamese-Taiwanese joint venture. Chinfon Cement Corporation has not yet started construction of Dung Quat-Chinfon clinker grinding project which was licensed two years ago due to slow site clearance and poor financial capacity caused by the global economic crisis, Nguyen Xuan Thuy, head of the board said. The boar... |
China first-half cement production rises25 August 2010, Published under Cement NewsChina’s building materials industry continued to expand in the first half, despite government attempts to cool the speculative housing market, the Ministry of Industry and Information Technology (MIIT) announced Monday. The country’s cement production reached a monthly record of 172Mt in June, bringing the total production to 848Mt in the first half. First-half production was up 17.5 per cent YoY, said a statement on the MIIT website. The government adopted a series of measures to rein in... |
Bulk World Trade clinker grinding plant25 August 2010, Published under Cement NewsBulk World Trade, a company belonging to the Lafarge Cement group, has invested approximately EUR20m in building is clinker plant in the Port of Tarragona. Work began three years ago during the summer of 2007. Bulk World Trade‘s facilities have a clinker mill, a storage shed and a silo for cement storage. The plant of the company, owned by Lafarge Cement, has been put in place in parts, since the storage shed, the first part to be built, was first used in 2008. This plant to grind cl... |
Egypt to offer 12 new production licences24 August 2010, Published under Cement NewsEgypt will offer new licences for 12 cement production lines as it aims to boost cement output by 40 per cent by 2015, the cabinet said on Monday. Egypt’s construction industry has grown even as it stalled elsewhere. Cement demand rose 25 per cent last year, driven largely by housing needs of a growing population and a cash-fuelled economy, but has since slowed. "Demand is increasing by eight per cent a year," Cabinet spokesman Magdy Rady said. "It is expected to reach 77Mt in 2015 so we ... |
China Shuangji Cement posts flat 2Q profit24 August 2010, Published under Cement NewsChina Shuangji Cement, Ltd reported a profit for the second quarter that was essentially flat with the previous year. The company reported net income for the second quarter of US$1.14m or US$0.04 per share, compared to US$1.13m or US$0.04 per share in the year-ago quarter. Revenues for the quarter increased 11.5% to US$15.3m from US$13.7m in the prior-year quarter. |
Iran exports US$637m of cement24 August 2010, Published under Cement NewsIran has exported more than US$637m of cement during the past Iranian calendar (ended March 20), says the Ministry of Economic Affairs and Finance. Iraq, the Persian Gulf littoral states, the Central Asian countries and Afghanistan were the major destinations for Iran’s cement, the ministry said in a statement on Saturday. According to IRNA news agency, Iraq imported more than 1.5Mt of cement worth US$456m to be named the major importer of the Iranian product. Iran currently produc... |
Citadel Capital posts 2Q loss24 August 2010, Published under Cement NewsCitadel Capital reported on Saturday a consolidated net loss in the second quarter of E£95m, compared with a net profit of E£11.9m a year earlier. The Egypt-based private equity firm’s total operating loss in the three-month period was 12.2 million pounds, compared with a profit 98.9 million pounds a year earlier, the company said in an announcement published in al-Ahram newspaper. Citadel controls US$8.3bn in investments spanning 14 countries and is looking to expand its investments in th... |
Villagers oppose Harish Cement plant, halt work, India24 August 2010, Published under Cement NewsHundreds of people opposed to the setting up of a cement plant at Keran village in Mandi district, HP, India today forced the representative of Harish Cement Company to go back and blocked Sundernagar-Keran road for nearly five hours. The villagers, many of them women, did not allow the representative of the company to move into the village. Sitting MLA and former minister, Roop Singh Thakur, hailing from the same village, strongly supported the setting of cement plant but the villagers we... |
Nepal: Cement producers to go on strike24 August 2010, Published under Cement NewsThe Cement Producers’ Association Nepal (CPAN) is planning to launch a protest programme against the Department of Commerce’s (DoC) decision to band some cement brands. The department has directed six cement companies – Nepal Ambuja, Reliance, Agni, Narayani, Jagadamba and Butwal – to halt production on Friday after their products were found to be substandard. The cements were below NS 49 and 385 criteria, according to the department. The NS 49 is the composition of raw materials and NS... |
Bulgarian construction sector marks an increase in 2Q1024 August 2010, Published under Cement NewsA marked rise in the Bulgaria’s construction sector was recorded in the second quarter of 2010, compared to the preceding three months, the National Statistics Institute announced on August 23 2010. Data reveals that construction permits increased by 46 per cent, while actual construction soared by about 70 per cent. Despite this trend, on an annual basis this still represents a 21 per cent decline, the report said. Sofia, Varna, Plovdiv and Bourgas are the four cities with the most acti... |