Cement News tagged: International
Indonesia expects immediate construction of three plants
The government is expecting the immediate construction of three new cement plants worth US$481.2m after the issuance of investment permits to three foreign investors, the Investor
New VAT rates could stimulate market
Much of India may be losing sleep over a rise in sales tax to 12.5 per cent from 8 per cent once value added tax comes into effect next month. But South-based cement majors such
Holcim to look at new plant
Holcim which supplies half of New Zealand’s cement, is considering building a second $100m plant that would double its capacity and reduce shipping and import costs. It is
Zhaoshan starts building cement plant in Liuyang
Chinese cement producer Zhejiang Zhaoshan Xinxing Group started building a 1.35 bln Chinese yuan (US$163m) cement plant in Liuyang, Hunan province, southern China, on
Iran’s cement industry set for higher output
Iran’s cement industry is striving to increase its production capacity by utilizing modern technologies, said a senior cement industry official on Tuesday, stressing that the private
Cement output to be raised
The Pakistani cement industry is poised to enhance the production to 35Mt in next three years from existing around 17Mt. It will be producing the surplus cement beyond the local
Holcim NZ looks for expansion
Holcim New Zealand today said it was considering new manufacturing plants in the face of increasing consumer demand and production shortfalls. Holcim NZ’s Cape Foulwind plant,
Argentina cement sales up
Argentina’s cement sales increased 12.8 per cent year-on-year in February 2005, to 514,759t, according to data of the local association of Portland cement producers, released
Star Cement in ascendancy
Star Cement Bahrain, which acquired Hyundai Tiger Cement Bahrain, plans to invest US$25m to expand its production capacity to 1.2Mta. At present Star Cement Bahrain has a
Holcim defers open offers as regulators delay approval
Holcim’s twin open offers for 37 per cent in Associated Cement Companies (ACC) and 5.9 per cent in Ambuja Cement Eastern, which were slated to open on March 9, have been deferred with the Securi
Italcementi gets approval to take over Suez Cement
The Egyptian government has accepted an offer from Italian cement group Italcementi to acquire a majority shares of Suez Cement, Egypt’s largest cement group. Through its French
Saudi Businessmen To Invest $169.9m in new plant
A group of Saudi businessmen will invest 637 mln Saudi riyals ($169.9m) in the construction of a cement plant near the capital Riyadh, it was reported on March 1, 2005. The investors signed in Februa
Lafarge Romania sales Up 29.7 per cent
Lafarge Romania reported an increase in sales of 29.7 per cent in terms of value and a 7.8 per cent year-on-year growth in terms of volume in 2005, the company said on March 7,
ADB funds $800 m project in Kashmir
The Asian Development Bank, a multilateral development financial institution, has pledged a grant of roughly $800m to carry out “reconstruction projects” in Jammu and Kashmir. The
Semen Gresik growth to slow
The growth of pretax profit of PT Semen Gresik would have slowed down in 2004 due to the high base of net profit of 2003. The Finance Director of Semen Gresik, Cholil Hasan, said
Union Cement 2004 sales gains
UAE Ras al-Khaimah cement manufacturer Union Cement registered cement sales of 1.25Mt in 2004, an increase from 1.04Mt in the previous year, according to the annual report