Cement News tagged under: international
India: Himachal inks cement deal with Jaypee group20 August 2010, Published under Cement NewsThe Jaypee group will set up a clinker sation with a 2.75Mta capacity in Himachal Pradesh’s Baga in Solan district. The company will also set up a 1.5Mt capacity cement grinding unit at Malokhar in Bilaspur with an investment capacity of INR610crore. A memorandum of understanding(MOU) was signed between the state government and Jaypee group here late Wednesday, director industries department Onkar Sharma, and Jaypee’s CFO Rahul Kumar. "Both the units will generate jobs for 600 people, mos... |
Bolivia: Fancesa reduce interest in Maragua deposits20 August 2010, Published under Cement NewsThe president of the National Cement Factory Sucre (Fancesa), Walter Arízaga, yesterday downgraded the company’s expectations on limestone deposits Maragua with the argument that the expansion project has other alternatives that will ensure the provision of raw materials for a future new plant, said ANF. Arízaga to step out and the statements of some leaders of indigenous communities who expressed their objections to the granting of a limestone licence that the company has in the Maragua... |
Adocem to launch plan in 2H10 to boost local cement demand20 August 2010, Published under Cement NewsThe Dominican Republic’s Portland cement producers association Adocem will launch a project in 2H10 to stimulate local cement demand, Adocem’s director Julissa Baez told BNamericas. "We aim for bigger purchases of cement for the construction of highways and public infrastructure. The Dominican Republic is a country that has invested a lot of resources in asphalt roads. We are looking to change this so public infrastructure can now be developed with cement," Baez said. To achieve this, Adoc... |
Indonesia’s Semen Gresik to spend US$240m in 2H20 August 2010, Published under Cement NewsIndonesian state-owned cement maker PT Semen Gresik said it will use its remaining capital expenditure of US$240m to continue construction of new cement factories and a power plant in the second half of the year. This year, the country’s largest cement producer has set aside US$400m for capital expenditure but US$160m of which had been used in the first half of the year. The company is building the fourth unit of Semen Tuban in East Java and the 5th unit of Semen Tonasa in South Sulawesi, ... |
Cement may pave Africa’s road to the future, but will China undercut that, too?19 August 2010, Published under Cement NewsCement may lack the luster of diamonds or the geopolitics of oil, but it forms the foundation of what might be Africa’s industrial big bang. Now China is moving in, undercutting African producers. Les Ciments Du Gabon was for decades the only building material company that the equatorial seaside African country of Gabon ever knew – a national monopoly that churned out some 250,000tpa of cement in beige and blue sacks that transmogrified into Libreville’s skyward-spiraling condos and governm... |
Pakistan floods to take toll on local cement makers19 August 2010, Published under Cement NewsCatastrophic floods in Pakistan have caused irreparable losses and the estimate has not yet been calculated but its impact on cement sector would be negative as reconstruction would be prolonged. Moreover, agricultural losses are far more than the infrastructure losses, according industry experts. Cement sales could be affected in 1HFY11 and prices may go down mainly due to lower cement demand during the abnormal rainy season. Recent floods have severely affected the road and distribution n... |
Shree Cement mulls plants in three states19 August 2010, Published under Cement NewsShree Cement is “contemplating setting up new cement and power plants in Karnataka, Chhattisgarh and Rajasthan” in the future. According to the annexure to the notice for a resolution relating to increasing borrowing limit to INR3500 crore from INR2000 crore, the BG Bangur-controlled company is looking at the various investment opportunities in cement and power sectors. This is in addition to company’s current expansion plans in Rajasthan – 1Mta clinker unit at Ras and 1Mta grinding unit ... |
Cement manufacturers hail backward integration policy19 August 2010, Published under Cement NewsThe Cement Manufacturers Association of Nigeria (CMAN), has lauded the Federal Government for reverting to backward integration policy for the cement sector of the economy. They have also invested NGN120bn (about US$8bn) over the past eight years (2002-09) in an effort to boost local production of the commodity. Chairman of CMAN, Mr Joseph Makoju, who disclosed these, said cement manufacturers lauded the Presidency for the return to backward integration policy stressing “ President Goodluc... |
Indonesia finds cement firms innocent of price fixing19 August 2010, Published under Cement NewsIndonesia’s anti-monopoly commission on Wednesday found cement firms in Southeast Asia’s biggest economy innocent of price fixing. "The commission’s panel did not find enough reason to say there is a cartel," the commission said in a ruling after an investigation into an alleged price fixing ring involving eight firms. However, the commission recommended the government disband Indonesia’s cement association to take over its role, because it said the association was responsible for exchangin... |
Cement industry recovery in 2H1119 August 2010, Published under Cement NewsThierry Legrand, CEO of cement group Lafarge South Africa said on Tuesday that he expected the cement industry to recover in the second half of 2011. Speaking at the launch of a new soil stabilising product, RoadCem at the group’s plant in Randfontein, Legrand pointed to a current slump in the local cement industry. "Market development is not what we had expected," he said highlighting a two per cent decline in 2008, following an industry wide cement production of about 13Mt in 2007. That... |