Cement News tagged under: Iraq

RSS feed

Lucky Cement 1HFY14 net profit rises 20%

27 February 2014, Published under Cement News

Pakistan market leader Lucky Cement reported a 20 per cent rise in net profit for the first half of FY14 boosted by in part by higher prices. Net profit for the six months to the end of December 2013 stood at PKR5.16bn (US$49.2m) compared to PKR4.49bn in the same period of the year before. Revenue improved 11.8 per cent YoY to PKR19.57bn against PKR17.51bn in the 1HFY13. Commenting on the results, Global Research said revenues grew on the back of a 10 per cent YoY increase in domestic c...

Chinese sign US$733m cement deals in Nigeria and Myanmar

13 December 2013, Published under Cement News

Sinoma and CITIC Heavy Industries have agreed deals worth US$733m to construct cement plants in Nigeria and Myanmar, respectively. Sinoma International Engineering Co Ltd, part of China National Materials Co Ltd, signed a US$536m contract with Nigeria’s Dangote Cement Plc, according to a Reuters report. Sinoma and Dangote will build two clinker cement production lines in Nigeria, each with a cement capacity of 6000tpd. Meanwhile, CITIC Heavy Industries is collaborating in Myanmar with a...

Lucky to begin Basra plant trial production, Iraq

29 November 2013, Published under Cement News

Pakistan's largest cement producer, Lucky Cement, has said it is working on its 0.87Mta grinding plant in Basra, Iraq on a fast-track basis and trial productions are expected to begin next month. The company intends to import clinker from the UAE for this project. The new grinding plant is expected to cost US$35m, with an expected payback period of three years. Lucky Cement has said it may consider setting up a fully integrated works in Iraq, on successful implementation of the Basra fa...

Iraq bans white cement imports from Iran

17 September 2013, Published under Cement News

Iraq has placed a ban on imports of Iranian white cement from the Shalamcheh and Chazabeh borders, Sadeq Sava'edi, the deputy head of Khuzestan's Cement Exporters Union said on Tuesday. "The ban has been in effect for three months now," the ISNA News Agency quoted Savaedi as saying. "This while the Iraqis are importing white cement from other borders," Savaedi said. However, he noted that Iraq is still importing regular cement, construction stones, tiles and other construction materials. ...

ASEC consortium wins Iraq plant contract

06 September 2013, Published under Cement News

A consortium of ASEC Cement  and Iraq's Qemmet El-Iraq has won a contract to rehabilitate and manage for 14 years the Muthanna cement plant in Muthanna Governorate, Iraq. Representatives of the consortium, including Abulla Hussein of Qemmet El-Iraq as well as ASEC Cement Chairman and CEO Giorgio Bodo, attended a signing ceremony in Baghdad with Southern Cement Co., the state holding company that controls Muthanna Cement, on 28 August 2013. "We are delighted to be entering this new market ...

Gebr Pfeiffer wins new order in Iraq

03 September 2013, Published under Cement News

Gebr Pfeiffer SE has received another order from China-based Sinoma (Suzhou) Construction Co Ltd for an MPS 5000 B for cement raw material grinding mill for a project located in the region of Sulaymaniya in Kurdistan, Iraq. It will be the fifth MPS 5000 B to be installed in this region of Kurdistan. The vertical roller mill sold is designed for a capacity of 500tph at a product fineness of 10 per cent R80µm and will come equipped with a 4000kW gear unit.  In addition to supplying the c...

Pakistan: Attock Cement to set up Basra grinding unit

19 August 2013, Published under Cement News

Attock Cement plans to invest US$25m in a new grinding plant in the city of Basra, Iraq, making it the third Pakistan-based cement manufacturer to venture into the Middle East and Africa region. The company exports cement to Iraq, South Africa, Sri Lanka, Tanzania, India, Somalia, Yemen and Sudan.

Alkitan plans Basra cement plant, Iraq

23 July 2013, Published under Cement News

Pakistan-based company Alkitan has expressed interest to construct a new cement plant in Iraq, the Basra Investment Commission announced. Shakir Ali, general director of Alkitan, said the company is interest in establishing cement factories in the Middle East and have chosen the province of Basra, Iraq, due to the abundant natural resources and investment opportunities. Ali added: “Our company intends to establish a cement plant in the province on an area of ??50 acres in the south.”

Iraq to halt imports indefinitely from next month

07 June 2013, Published under Cement News

The Cabinet of Iraq has decided to halt cement imports, including white cement, as of 1 July 2013. Aswat al-Iraq News reported that the cabinet has decided to stop all commercial cement imports until the Ministry of Industry recognises an actual need for volumes due to the non-sufficiency of local production. The Ministry of Industry had also stopped issuing import licence as of 14 May 2013, the statement noted.

Attock Cement plans new grinding plant, Iraq

28 May 2013, Published under Cement News

Attock Cement plans to invest US$25m in a new grinding plant in the city of Basra, Iraq, making it the third Pakistan-based cement manufacturer to venture into the Middle East and Africa region. In a filing to the Pakistan Stock Exchange, Attock Cement said: "The board of directors of the company has approved the investment for putting up a Cement Grinding Unit in Basra, Iraq, subject to regulatory and other approval and compliance with all applicable laws, rules and regulations.”  The pro...