Cement News tagged: International
Lanka Cement looking to rebuild defunct cement factory
Sri Lanka’s listed Lanka Cement PLC is looking for a local investor to rebuild a defunct cement factory, officials said.
Jamaica: work to start on new plant
Construction of Jamaica’s second cement-production plant is expected to begin within the next three months if Canadian engineering firm Cemcorp
Brazil February sales rise 14%
Preliminary industry data posted by Sindicato Nacional da Industria do Cimento (SNIC) show that domestic sales in the Brazilian market for February 2011 were 4.7Mt
Tanzania Portland Cement posts 6% net profit
Tanzania Portland Cement Company (TPCC) has posted a net profit growth of six per cent, despite key challenges and critical issues that faced the domestic cement industry last year.
BofA Merrill Lynch lifts Italcementi price target
Experts at Bank of AmericaMerrill Lynch have decided to raise the price target on the ordinary shares in Italian cement maker Italcementi
Indonesian producers encouraged to increase capacities
Indonesia’s State-owned Enterprises Ministry is encouraging state-run cement companies to increase their production capacity as market prospects improve
Taiwan cement producers enjoy brisk sales in China
Thanks to recovery in demand, Taiwan’s leading cement producers, including Taiwan Cement Corp, Asia Cement Corp.and Goldsun Development & Construction Co
Vietnam produces 8.7Mt of cement in Jan-Feb
Vietnam produced 8.7Mt of cement in the first two months of this year, the General Statistics Office said.
Jidong Cement’s parent secures funding
Jidong Development, the parent company of Jidong Cement, which is backed by New Horizon Capital and the Government of Singapore Investment Corporation Pte Ltd (GIC)
Siam Cement Group lays Vietnam foundation
Siam Cement Group (SCG), Thailand’s top industrial conglomerate, aims to nearly triple its building material sales in Vietnam
Saudi sets up national committee for cement companies
In a new move to strengthen the Kingdom’s cement industry and bring stability to local market prices, a national committee has been set up for cement companies
Production start-up at Senegal
At the Kirene plant of Les Ciments du Sahel SA, Senegal commissioning of the 3600tpd cement clinker production line is progressing fast
Kuwaiti Hilal Cement net profit jumps to US$2.6m in 2010
Kuwaiti cement producer Hilal Cement said in a bourse filing its net profit surged to KWD 714,937 (US$2.6m/) for 2010 from KWD 26,677 a year earlier.
India’s growth in production rises
Growth in India’s cement production rose to a four-month high of 5.5% on year in February to 14.69Mt, the Cement Manufacturers’ Association said.
Votorantim not seeking to sell Cimpor stake
Brazilian cement maker Votorantim Cimentos is not willing to divest its stake in Cimpor as this would allow its home competitor Camargo Correa to boost its holding in the Portuguese sector firm
South Africa sales down 12.4% in February
Cement sales in SA moved 12.4% lower YoY in February to 736,691t from 840,586t at the same month in 2010, data from South Africa’s Cement and Concrete Institute showed.