Cement News tagged: International
FLSmidth starts construction of new China manufacturing plant
FLSmidth’s business unit in Qingdao, China, has celebrated the start-up of construction for FLSmidth’s new production facility situated some 30km from the existing factory.
PPC scales back following local downturn
Pretoria Portland Cement (PPC) has clamped down on overhead costs – other than advertising and strategic projects – because of the severe downturn in the industry.
Semen Padang to build new factory, Indonesia
Indonesian cement producer PT Semen Padang plans to build a new production unit in West Sumatra with an investment of IDR3.8trn (US$425m).
Holcim invests CHF40m in Untervaz plant?
Holcim is spending CHF40m (EUR31m) in modernising its plant in Untervaz, Switzerland. One particular feature the installation of a five-chamber silo for
S&P put Lafarge on negative CreditWatch
Standard & Poor’s Ratings Services said today it has placed its ’BBB-/A-3’ long- and short-term corporate credit ratings on Lafarge S.A. on CreditWatch with negative implications.
Mugher and Mesobo increase production, Ethiopia
Ethiopia’s largest cement company, Mugher Cement Enterprise is in the final phases of an expansion project which will be built around Tatek Military Camp
Philippine group request probe on China imports
A non-government organisation advocating product safety for consumer welfare Monday urged the Department of Trade and Industry (DTI)
India cement industry seeks tax rebate
The Indian cement industry has sought reduction of taxes, including value- added tax ( VAT), and liberal export sops in the upcoming budget.
Shanshui Cement to raise capacity to 80Mt
China Shanshui Cement Group Ltd, a Hong Kong-based cement producer, plans to boost its cement capacity to 80Mt of cement
India to add 23Mt of fresh capacity next fiscal
The Indian cement industry, already experiencing an oversupply situation, is expected to add 23.3Mt of capacity in 2011-12
Malaysia Tasek Corp profit rises
Tasek Corp Bhd’s pre-tax profit for the fourth quarter ended Dec 31, 2010 rose to RM72.765m compared with RM20.943m
Votorantim & Camargo Correa purchase of Cimpor given green light – with restrictions
Brazil’s antitrust authority Seae said Monday it approved Brazilian cement producers Votorantim Cimentos SA and Camargo Correa SA’s purchase of 53% of the total stock in Portuguese cement
Brazil’s January sales up 9.1%
January 2011 sales in Brazil reached 4.7Mt, an increase of 9.1 per cent on the same month last year
Pakistan exports decline
In the first seven months of the current fiscal (July 2010-January 2011) Pakistan exported 4.74Mt of cement and earned US$244.53m compared to 5.98Mt at US$289.27m between July-January 2009-10.
Proposed increase of Federal Excise Duty on Pakistan cement
According to Karachi-based analysts, InvestCap Research, Pakistan’s Federal Bureau of Revenue (FBR) is proposing to increase Federal Excise Duty (FED) on the cement industry by PKR200/t (US$2.4
Indian SC questions govt stand on Lafarge mining project
The Indian Supreme Court Saturday questioned the government why it had given environmental clearance to Lafarge’s mining site in the forests of Khasi hill in Meghalaya