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Sinoma-ec won a WHG contract from carbon industry

Possessing over 60% of the market share in both domestic and international cement waste heat power generation markets, Sinoma Energy Conservation Co., Ltd (Sinoma-ec) began to develop itself in different sectors. On January 8, Sinoma-ec signed a waste heat power generation EPC ...

Sinoma wins $147 million contract in Saudi Arabia

China Sinoma International Engineering Co. said it won a $147 million contract to build a cement plant in Saudi Arabia, according to a filing to Shanghai's stock exchange. From China Cement (2010-1-4)

Sinoma's investment in Gansu to exceed RMB 5 bln by 2013

China National Materials Group Corp Ltd or Sinoma, an enterprise directly under the administration of State-owed Assets Supervision and Administration Commission of the State Council, plans to invest more than RMB 5 billion in GansuProvince by 2013, sources reported. According to ...

Mexico's Cemex 3Q profits down 40 percent

Building materials giant Cemex SAB de CV said Tuesday that its net income plunged almost 40 percent in the third quarter on a 27 percent drop in sales. The Monterrey, Mexico-based company said profits fell to $121 million in July-September, compared to earnings of $200 million in ...

Nigeria: Dangote supports ban on cement importation

Dangote group of companies yesterday said the recent ban on importation of cement would protect local industries as well as encourage the new cement plants. Dangote while reacting to the federal government's policy on cement importation in a statement said it is now time for the ...

India: Binani Cement net zooms to Rs 101 cr

Binani Cement on Thursday said its quarterly net profit rose nearly four-fold because of higher sales volume, better price realisation and lower raw material cost. The company's net profit in the September quarter stood at Rs 101 crore compared with Rs 26 crore in the year-ago ...

Lafarge plans to set up Sudan cement plant

Lafarge SA plans to set up a cement factory in Sudan, the African country's state-run news agency SUNA reported, citing Industry Minister Jalal Al-Diqair. The minister "welcomed" the French company's plan to set up the plant, which will cost $800 million and have an annual ...

US Cement begins slow climb

The Portland Cement Association's (PCA) latest figures show that in the first six months of this year, cement consumption in the US fell by -30%, but the Association's chief economist, Ed Sullivan believes the industry's now bottomed out and consumption should begin to climb. ...

Indian cement firms to report better results on low costs

India's top four cement companies - ACC, Ambuja Cements, Grasim and Ultratech Cement - are expected to report improved earnings on a Y-o-Y basis in the September 2009 quarter, thanks largely to a reduction in key input costs such as power & fuel on a per-tonne basis on a Y-o-Y ...

India's cement production up 17.6 pc in August

Getting back its momentum, India's cement production rose by 17.6 per cent in August over the same month last year due to robust demand from the construction sector. The output increased to 16.06 million tonnes in August from 13.66 million tonnes in the year-ago period. "This is ...

Indonesia: cement sales to improve on state-funded projects

Indonesia's cement sales are predicted to improve in the second half of the year since demand is set to increase as the government's infrastructure projects, get under way according to the Industry Ministry. "Cement sales began to pick up in August and this is expected to ...

Construction outlook brightens European equity markets

European equity markets were supported yesterday by an overnight surge on commodity markets and hopes that global stimulus packages would drive infrastructure and construction spending. Recovery in the construction and building materials sector was high on the agenda after ...

China markets down as Beijing muses production limit on steel and cement

China markets dropped after China said it may curb production in the steel and cement industries. China's Shanghai Composite Index dropped 0.7 percent although winning shares outnumbered losers by 576 to 296. Turnover for Shanghai A shares rose to 145 billion yuan ($21 billion) ...

China cement industry to face higher market access

China will ease the serious overcapacity in its cement industry by setting "stricter than expected" threshold for approval of new production lines, according to a report by China Securities Journal. A draft by the Ministry of Industry and Information Technology (MIIT) says that ...

China H1 cement demand saw strong pick-up on fixed assets investments

Data from Production Office of the Ministry of Industry and Information Technology and China Building Materials Industry Association showed that in the first half of the year, the total production volume of cement across the nation increased in a stead-fast manner, with monthly ...

Europe construction output declined 1.1% in September

European construction output fell in September as declines in Germany and Portugal offset rebounds in Spain and France. Construction in the 16-nation euro region fell 1.1 percent from August, when it rose a revised 0.1 percent, the European Union's statistics office in Luxembourg ...

Vietnam's largest cement plant to be completed

The Binh Phuoc Cement factory, the largest of its kind in Vietnam, will conduct a trial run in December 2009 and start operating at the beginning of 2010. The plant has a total investment of VND8,000 billion and the capacity to produce 2 million tonnes of cement a year. Most of ...

India: Sate invites cement players for new mining lease

The state government has invited large and mini cement players in Gujarat for obtaining new mining lease of limestone blocks. As part of CSR activity, all such players who will get such blocks, the government has made a provision to give three percent of the total annual ...

Nigeria targets 100 percent local cement production in 2013

Federal government of Nigeria has said it would achieve 100 percent local production of cement by the year 2013. Minister of Commerce and Industry, Chief Achike Udenwa, who disclosed this recently in Abuja, when he received in audience the Country Manager, Lafarge Cement Nigeria, ...

Arab banks lend Lafarge $340 mln for Syria factory

Lebanese group Bank Audi (AUDI.BY) has extended a $340 million syndicated loan for seven years to a subsidiary of Lafarge (LAFP.PA) to finance a cement factory in Syria which has a shortage of the product. The bank said the loan to Lafarge Cement Syria by a group of mostly Arab ...
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