Cement News tagged under: international
New cement venture for Oman?08 July 2010, Published under Cement NewsOman’s two cement producers – Raysut Cement Company (RCC) and Oman Cement Company (OCC) – with the support of a government-owned company, are planning to set up a joint venture (JV) cement company in the northern city of Al Duqm. Senior officials of both cement companies are in discussion with an international consultant, who will conduct a feasibility study for the proposed venture, the Times of Oman reported. The new venture will enhance the country’s cement production capabilities... |
Sokoto reaches production all-time high, Nigeria08 July 2010, Published under Cement NewsCement Company of Northern Nigeria also known as Sokoto Cement Company of Northern Nigeria (CCNN) recorded a net profit after tax of NGN1.8bn (US$12m) as against a net profit of NGN1.5 last year. Speaking at the 31st Annual General Meeting of CCNN held in Sokoto on Wednesday, its chairman, Abdulsamad Rabiu, said since the company was acquired by BUA International Limited as a core investor last year, it embarked on cost cutting measures to ensure that the profit declared was quite substa... |
Prosperity Minerals full year results08 July 2010, Published under Cement NewsProsperity Minerals Holdings Limited reported a 31 per increase in revenue to US$849m for the year ended 31 March 2010 against US$647.7m a year earlier. EBITDA fell two per cent to US$43.5m and there was a 65% increase in operating profit to US$35.6m. The company registered a 140% increase in profit before tax to US$18.5m. Profit from discontinued cement operations contributed US$20.4m (against a loss of US$4.9m in 2009). Prosperity has retained its 33.06% interest in Anhui Chaodong Cem... |
Votorantim secures cement supplies for Ceará region08 July 2010, Published under Cement NewsUntil January 2011 Votorantim has guaranteed the unloading of 10 ships in Fortaleza, with at least 30,000t of cement imported from Vietnam, to complement the growing demand in Ceará. According to Commercial Director of Votorantim, Marcelo Chamma. "We’re bringing about 600 000 bags per vessel. I unload the first ship days ago, and we are second in Porto Mucuripe, awaiting clearance to unload,” adding that the goods have not been released because of problems with the documentation. "I thi... |
Bolivia: Soboce and Fancesa dominate 95% of domestic market08 July 2010, Published under Cement NewsFábrica Nacional de Cemento SA (Fancesa) and Sociedad Boliviana de Cemento (Soboce) control 95 per cent of the market in seven departments, according to the director of the AEMP. La Fábrica Nacional de Cemento SA (Fancesa) and the Sociedad Boliviana de Cemento (Soboce) account for 95 per cent of the cement market in at least seven of the country’s departments, said the Authority’s Executive Director of the Fiscalisation and Control of Companies Authority (AEMP), Óscar Cámara, yesterday. "... |
Belarus ministry expects bank loans for upgrades07 July 2010, Published under Cement NewsBelarusian banks are expected to extend 1.2 trillion Belarusian rubles’ worth of loans in 2011 for Belarus to continue modernising its cement plans jointly with China, Architecture and Construction Minister Alexander Seleznev said during a session of the Council of Ministers. The session addressed Belarus’ cooperation with Chinese CITIC, which is supposed to design new cement-making facilities and supply equipment to Belarusian Cement Plant, Krichevtsementnoshifer, and Krasnoselskstroymater... |
Vietnam cement consumption falls 40%07 July 2010, Published under Cement NewsDomestic cement consumption in Vietnam has dropped by up to 40 per cent in the first half of the year, reports Vietnam News. Industry experts attributed declining demand to the fact that firms had stockpiled huge amounts of cement in anticipation of price increases. The Viet Nam Cement Association also said the country was facing stiffer competition from imports. In response to declining demand, local enterprises have reduced prices by about VND20,000 (U$1.08) per tonne against the previo... |
TXI to permanently close wet-process lines07 July 2010, Published under Cement NewsTexas Industries announced Tuesday that it will close all four of its wet-process cement kilns in Midlothian permanently. The TXI plant in Midlothian, 25 miles southwest of Dallas, is part of the nation’s greatest concentration of cement plants. The Dallas-based construction materials company said in a statement that, henceforth, it would rely on the plant’s dry-process kiln that the citizen activists agree burns cleaner and uses more up-to-date technology. Tuesday’s decision, effective i... |
Argos to supply cement for Panama canal expansion07 July 2010, Published under Cement NewsCemento Panamá, a subsidiary of Colombia-based producer Cementos Argos, signed a contract with the consortium Grupo Unidos por el Canal for supplying cement and cementitious products to be used in the expansion of the Panama Canal. The contract value amounts to US$65m and deliveries will begin in December 2010 ending in the first quarter 2014. The launch of Cementos Argos’ new production line in Cartagena, Colombia will play a relevant role on this project. Its recently expanded capaci... |
Chongqing new line update07 July 2010, Published under Cement NewsAnhui Conch of China announced pre-ingition of its 5000tpd Chongqing Conch clinker production line No 1 took place on 29 June 2010. |