Cement News tagged: International
Portland set to acquire stake in Kigali Cement, Rwanda
Buoyed by a strong balance sheet and a reduced cost of doing business, East African Portland Cement Company (EAPCC) has signed a joint venture with Rwanda’s Kigali Cement Company. Under the arrangement, EAPCC will acquire a 60 per cent stake in the company, before setting up a cement milling plant in Kigali. Currently, the firm controls 40 per cent of Rwanda’s cement market, making it an attra...
HeidelbergCement JV raided by Cartel Office, Germany
HeidelbergCement AG, Germany’s biggest cement maker, said a joint venture was raided by German antitrust officers who are investigating price fixing in the erection of silos on building sites. T
Andhra Cements to enhance cement manufacture, India
One of India’s leading cement manufacturers, Andhra Cements, has planned to increase its manufacturing Phase I capacity from the current 1.7Mta to 3.0Mta.
Pavilion Technologies strengthens presence in China
Pavilion Technologies, a world leader in model-based software, today announced the opening of a new office in Shanghai, China, to meet manufacturers’ growing demand for solutions that boost manu
Cement sector builds on market demand, India
The constantly increasing cement prices seem to prove that the demand for construction material shows no sign of flagging, reports the Times of India.
Cement plants to be expanded to meet demand
The Vietnam National Cement Corporation (VNCC) will accelerate its expansion of some cement plants to meet the increasing demand, a VNCC official said. The target plants include Hoang Thach 3, But So
Turkish cement sales seen rising rapidly in 2006
A construction slowdown as a result of rising interest rates will trim Turkey’s cement sector’s turnover, but domestic sales will still grow 20 per cent, the head of Oyak Cement and Automo
Semen Padang net profits to soar
PT Semen Padang, a subsidiary of publicly listed cement maker PT Semen Gresik Tbk, is targeting 51 per cent growth in net profit this year to Rp 212 billion (about US$22.3 million) from last year&rsqu
Vietnam: construction material market remains stable
The Vietnam Cement Association said demand for cement will increase from now till the end of the year. But the price of cement will remain stable at between VND750,000 and VND800,000 per tonne in nort
Kampala University sues Hima Cement
Kampala International University (KIU) has dragged Hima Cement to court over failure to supply cement to their teaching hospital in Ishaka. The university is seeking sh2.6b in damages and costs.
Lafarge planning US plant expansion
Lafarge wants to invest in its cement plant in the southern Illinois town of Joppa. A spokesman for Lafarge North America says the company is seeking permits for the upgrade and expansion of its 1.3M
China’s output of cement in April 2006
China produced 103,750,900t of cement in April 2006. The output in January-April reached 319,781,100t, up 21.8 per cent year on year, according to the National Bureau of Statistics.
Buzzi Unicem acquires 35 per cent stakes in two Algerian
Buzzi Unicem SpA said it is acquiring a 35 per cent stake in Algeria cement company Hadjar Soud for EUR58m and a similar stake in Sur El Ghoziane for EUR52m.
Cement plants to raise capacity by 10% to meet demand
Vietnam’s cement plants will raise their capacity by 10% between now and 2008 in order to meet the increasing demand for the product in the country, said General Director of the Vietnam Cement C
Cement firm expects industry slump, Philippines
Fortune Cement Corp. expects a decline in sales and demand, or at best, a flat performance for 2006 due to less government infrastructure spending and high energy rates.
Cement prices firm despite monsoons
Cement prices are showing no signs of abatement despite the arrival of the monsoons in some parts of the country. Usually, cement prices go down during the monsoons due to decline in demand, as constr