Cement News tagged under: international
Sarawak claims no cement shortages, Malaysia11 August 2010, Published under Cement NewsSarawak’s sole cement manufacturer, CMS Cement, has allayed contractor fears of a cement shortage in the local market, saying its plants have the capacity to produce more than the daily demand of 2200t. Its executive director Othman Abdul Rani said the company’s Kuching plant in Pending alone had the production capacity of 3,000tpd, which was in excess of the current local demand. “Combined with our Bintulu plant, CMS Cement’s capacity stands at 1.75Mta,” he said at a dialogue with m... |
Colombia: Argos expecting boom11 August 2010, Published under Cement NewsCementos Argos President Jose Alberto Velez, expected to close the year with further growth in sales due to increased cement demand for infrastructure and building more housing. To Vélez, this development allows to readjust the indicators of the company, which had lower revenues in the first half because it had sold assets in the coal sector. According to reports by Cementos Argos, so far this year in Colombia contracts have been awarded for about 3.8 million cubic meters of concrete to... |
China based company to set up cement factory in Fiji soon11 August 2010, Published under Cement NewsFiji Prime Minister, Commodore Voreqe Bainimarama said a China based company will definitely set up a cement factory in Fiji soon. Speaking to Fijivillage News from China, Commodore Bainimarama said he has already visited the company’s operations in China and the new company will force cement prices to go down in Fiji. Commodore Bainimarama said the government needs to think about majority of the people in the country and having monopolies is not the answer as lack of competition will only... |
Lucky Cement net profit falls, Pakistan11 August 2010, Published under Cement NewsLucky Cement Limited’s net profit dropped to Rs 3.13 billion in financial year 2009-10 against PKR4.56bn in the previous year. Company’s earning per share also decreased to Rs 9.7 in the year under review, against Rs 14.21 in the previous year, company announced at Karachi Stock Exchange (KSE) on Tuesday. Despite a drop in the earnings, Lucky Cement announced full and final dividend of Rs 4 per share. The company witnessed a decrease of six percent in turnover to stand at Rs 29bn from ... |
Commission extends time to rule on cement-dumping claim, Jamaica11 August 2010, Published under Cement NewsAnti-Dumping and Subsidies Commission (ADSC) says it will need more time to determine whether cement imported from the Dominican Republic has been dumped and has given itself an additional 45 days within which to rule on the matter. A preliminary determination of the complaint by the domestic cement manufacturer, Caribbean Cement Company Limited, was due by July 29, in keeping with the normal 90-day provision of law. That time frame can, however, be extended under special circumstances, su... |
Century Plyboards plans investment by 201211 August 2010, Published under Cement NewsCentury Plyboards, a plywood maker and cement producer, today said it plans to invest INR1200 crore by 2012 mainly to expand cement manufacturing capacity. "We will continue to grow in the plywood segment but our investment in the two years will be concentrated in the cement sector in which total Rs 1,200 crore investment has been lined up," Century Plyboards joint managing director Sanjay Agarwal told PTI. |
FLSmidth rise on Chinese factory closings11 August 2010, Published under Cement NewsShares in FLSmidth rise 2.4 per cent, outperforming the European cement and materials index, after news China ordered more than 2,000 firms, including 762 in the cement industry, to shut old capacity. FLSmidth, which supplies cement and mineral processing lines, would be able to replace most of the halted cement plants, Sydbank analyst Jacob Pedersen said: "FLSmidth hasn’t been selling a great deal in China in the past, but said in late 2009 they wanted a bigger slice of the Chinese market,... |
West China Cement quits London for Hong Kong offering10 August 2010, Published under Cement NewsWest China Cement is seeking HK$1.39bn (US$179m) in a Hong Kong share sale after delisting from London to seek a better valuation for its stock. “Our stock has been severely undervalued in UK. I believe more enterprises will follow suit in the near future.” Zhang Jimin, chairman and chief executive officer of the Shaanxi, China-based cement maker, said at a press conference in Hong Kong today. West China Cement plans to delist from London’s Alternative Investment Market (AIM) on August... |
Sukholozhskcement opens new line, Russia10 August 2010, Published under Cement NewsRussian cement producer Sukholozhskcement has launched a EUR240m production line at its plant in the Sverdlovsk Region, a spokesperson for the information department of the regional governor told ITAR-TASS Friday. The production line has a capacity of 1.3Mta of cement. Following the launch, the production capacity of the entire plant is expected to amount to 3.6Mta. |
Barak Valley Cements to expand grinding capacity10 August 2010, Published under Cement NewsBarak Valley Cements Ltd is to expand its existing cement grinding production capacity from 750tpd to 1350tpd. The Delhi-based cement maker informed investors about the company’s plans to expand cement grinding capacity by installing an additional 600tpd unit at Debendra Nagar in Karimganj District in Assam. “The Board of Directors of the Company at its meeting held on August 07, 2010, resolved to expand the cement grinding production capacity of the company 750tpd to 1350tpd, by in... |