Cement News tagged: International
Yamama Cement Jan-Sep ’08 net profit down 13%
The net profit of Saudi cement producer Yamama Cement Company (YCC) (SAU:3020) dropped to SAR526m (US$139.8m)
Russian co to build RUB10.5bn cement plant near Novosibirsk
Russian industrial and construction concern Sibir (Siberia) plans to build a 10.5 billion ruble cement plant in the Novosibirsk Region,
Kikwete lays stone for new cement plant, Kenya
The cement factory, owned by Maweni Limestone Limited, a subsidiary of the Kenya-based Athi River Mining Company,
Cemex’s pre-tax profit drops by 43%
In the first nine months 2008 Cemex produced a 12.1% advance in turnover to US$17,479.6m, helped by the inclusion of Rinker for the full period
Shree Cement sees realty slowdown hitting margins
Shree Cement Ltd expects the slowdown in the real estate sector to hit margins in the coming quarters, Managing Director HM Bangur told
Russia cement makers halt plans as demand shrinks
Cement producers in Russia, are slashing their expansion plans as demand from property developers shrinks due to the credit crisis,
Egyptian-Kuwaiti pool of investors to set up new cement factory in Minya
A pool of Egyptian-Kuwaiti pool of investors are to set up a new factory in Minya. The Egyptian investors will hold 71.4 per cent of the ownership (or LE 70m paid in capital)
Pakistan cement exports up 43 per cent
Cement exports in Pakistan increased by 43 percent to 2.39Mt in first quarter (from July to September) of current FY09 over 1.677Mt of corresponding period of last fiscal 2007-08.
No fresh contracts with Pakistan cement suppliers
Cement importers have stopped entering into fresh contracts with Pakistani suppliers as the weak rupee has turned imports unattractive.
Cement demand still likely to outrun supply, despite plans for new capacity
A new 2.2Mta cement plant being planned by a Nigerian firm and its local partner will likely still find buyers for its product
Pakistan: cement and textile sectors face gas load shedding
Untimely shutting down the Qadirpur field for emergency maintenance has left the industrial sector in the lurch, as it forced Sui Northern Gas Pipeline Limited (SNGPL)
China’s output of cement in July 2008
China produced 119,432,000t of cement in July 2008.
Uganda: Tororo municipality to sue district over UGX284m
Council has threatened to sue the district authorities over non-remittance of UGX284m in ground rent. In a terse communication by the town mayor, Jack Ogola
Sinoma is to build a cement line with Shui On Cons
Sinoma said its subsidiary, Tianjin Cement Industry Design & Research Institute, has signed an agreement with Shui On Construction and Materials
RUGE Capital - A new payer in cement production
A new player RUGE Capital has appeared in the cement production market in Georgia. From US$200 to US$300m will be invested by the partnership of Georgian-American Company RUGE Capital and Firebird Fun
EC set to grant industry relief on carbon trading
Recent speculation that energy-intensive industries in Europe are set to receive a huge cash boost from the European Commission as part of a plan to protect industry from a world recession