Cement News tagged under: Iraq
Lafarge’s nine-month attributable profit falls 25.8 per cent05 November 2014, Published under Cement NewsIn the first nine months of the year, Lafarge's turnover, including its share of joint ventures, declined by 1.3 per cent to €11,332m while the EBITDA edged ahead by 0.5 per cent to €2320m. The trading profit improved by 2.8 per cent to €1589m, while excluding associates there was a 1.2 per cent reduction to €1431m. Net financial charges declined by 6.7 per cent to €701m and the pre-tax profit was three per cent lower at €636m. Following a 33.3 per cent higher tax charge, the net attribu... |
Iran to increase cement exports to Iraq15 September 2014, Published under Cement NewsIraq has agreed to increase the volume of cement exports from Iran, a senior trade official has said. "As of September 1, each (Iranian) company can export 15,000t of cement into the neighbouring country from Shalamcheh, Chazzabeh and Mehran border terminals," Jahanbakhsh Sanjabi Shirazi, the head of Iran-Iraq Joint Chamber of Commerce, told Fars News Agency, as quoted by Zawya news. He noted that the new regulations have been adopted by Iraq's Trade Ministry. Last week it was reported tha... |
Lafarge Iraq launches an improved version of Karasta multipurpose cement26 June 2014, Published under Cement NewsLafarge Iraq has launched a new version of Karasta, its multipurpose cement which is tailor-made for the Iraqi climate and market needs. To meet customer expectations and requirements the formula of Karasta was revised to improve its workability, decrease cracking and improved setting time as well as better adhesion. Karasta's new formula meets the Iraq specification 3868 and the international standards EN 197-1:2011 CEM II/A-L 42.5 R, which is similar to Lafarge products in other countrie... |
Gebr Pfeiffer awarded contracts in Turkey, Iraq and Malaysia12 June 2014, Published under Cement NewsGebr Pfeiffer has been awarded new contracts for its grinding technology in Turkey, Iraq and Malaysia. Four mills for Elazig cement works in Turkey In Turkey, Bilim Makina Insaat Sanayi ve Tic A/S has placed another order for four mills for its cement works in Elazig, situated to the east of Ankara. The order covers an MPS 250 BK roller mill with a drive power of 500kW for coal grinding and two safety shut-off dampers. The mill is designed to yield 35tph of petcoke, with the material bei... |
Attock signs Iraq joint venture grinding agreement14 April 2014, Published under Cement NewsPakistan producer Attock Cement on Friday signed an agreement with Al-Keetan Trading and Commercial Agencies Ltd for a new 3000tpd grinding plant in Basra, Iraq. Babar Bashir Nawaz, chief executive of Attock Cement, said the projected cost is estimated at US$35m. Attock will hold a 60 per cent interest and Al-Keetan Trading, the remainder. The plant could become operational in a year’s time, Mr Nawaz added. |
Lucky Cement begins production at Iraq works04 April 2014, Published under Cement NewsPakistan producer Lucky Cement has started production at its 0.87Mta joint venture grinding plant in Basra, Iraq. Lucky Cement CEO, Muhammad Ali Tabba, told local press that production started in February. Mr Ali Tabba explained to Dawn News that the grinding plant is the first phase of development and "if we succeed in our projections, we may go for a full cement production line of 1.25Mt, which may cost around US$125m.” The US$40m project is a 50:50 investment with the Al-Shawy family of ... |
Lucky Cement 1HFY14 net profit rises 20%27 February 2014, Published under Cement NewsPakistan 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 Myanmar13 December 2013, Published under Cement NewsSinoma 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, Iraq29 November 2013, Published under Cement NewsPakistan'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 Iran17 September 2013, Published under Cement NewsIraq 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. ... |