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South Korea company to establish cement factory in Africa

The South Korean Company, which is to undertake the multi-billion 200,000 housing project in Ghana is making another huge foray into the housing sector. This time round, the company is seeking to establish a cement factory to complement its real estate outlay, estimated to be ...

India: Cement demand to keep pace with rising capacity

Despite a rise in capacity, cement players are expecting that capacity utilisation will not be adversely impacted, due to rise in demand. An extra capacity of 8-10 million tonnes (MT) is expected to come onstream in the next two-three months. Yet, industry players expect the ...

Eastern Province Cement to launch pilot production of Arabian Yemeni Cement

Eastern Province Cement Co. (EPC) announces the launching of the pilot production in Arabian Yemeni Cement Company in Yemen (where EPC owns 30% of the capital of the Yemen Arab Cement Co., Ltd.). The plant capital hit $ 100,000,000 million. Located on 22,150,000 sqm., and covers ...

Holcim to prepare plans for New Zealand cement plant in 2010

Holcim Ltd., the world's second- biggest cement maker, said it will consider plans next year for a new plant on New Zealand's South Island to reduce reliance on imports from Asia. Detailed costings will be prepared for the 880,000 metric ton-a-year plant near Oamaru, reflecting ...

German cement demand to fall 9% in 2009

Germany's cement industry association BDZ has said that it expects cement demand for 2009 to be 25million tones, which is 9% down on 2008 levels. The organization has said that demand will fall again in 2010 and is expected to be 5% below the demand seen this year. From AGI (2009...

Harsh Conditions in US cement industry will persist through 2010

Although recent economic news and activity may suggest a technical end to the "Great Recession," the conditions facing the construction industry are likely to remain weak for another year or more, causing a drag on cement consumption, according to the most recent economic ...

IEA: Cement industry must do more to cut CO2 emissions

International Energy Agency calls for more use of alternative fuels and development of carbon capture technologies. The cement industry needs to do more to cut carbon emissions according to a report form the International Energy Agency. In its first industry specific roadmap, the ...

Europe manufacturing industry grows for second month

Europe's manufacturing industry grew for a second month in November after the euro-region economy emerged from its worst recession in more than six decades. An index of manufacturing in the 16-nation euro area rose to 51.2 from 50.7 in October, London-based Markit Economics said ...

Saudi firms set to invest $760m in Yemeni cement factories

Three Saudi firms are finalising arrangements to launch three cement factories in Yemen at a total cost of $760 million. The investments will be commissioned during December 2009 and the first quarter of next year. The plants have been established in the provinces of Hadramout ...

Algerian state to boost presence in cement sector

Algeria is to consolidate its state-owned cement plants into a national champion which will challenge France's Lafarge (LAFP.PA) for its share of the market and later expand abroad, a government minister said. The holding will invest 180 billion Algerian dinars ($2.413 billion) ...

Nigeria's cement production will be self sufficient in 2013

The Minister of Commerce and Industry, Chief Achike Udenwa has forecasted that Nigeria will become self sufficient in cement production by the year 2013. The Minister made the disclosure when he received in audience the country Manager, Lafarge Cement Nigeria, Mr. Jean Christophe ...

Pakistan: Cement price dips by 26 percent in one year

Due to inflationary pressure and cut in developmental projects under Public Sector Development Programme (PSDP), prices of cement have significantly dropped during the last few months and might not go up in next couple of months, sources here on Monday informed The Nation. ...

Iran cement output to reach 76m tons

Eight cement projects will come on stream by March 2010 to boost Iran's cement production capacity to 76 million tons, deputy industries and mines minister for mineral affairs said here on Wednesday. The Mehr News Agency quoted Mohammad-Masoud Samieinejad as saying that the ...

Philippine government eyes extension of lifting of tariffs on cement

The government of Philippines is now looking at the possibility of extending anew the executive orders (EOs) that lifted temporarily the tariffs on cement and wheat that are due to expire in early January. Tariff Commission Chairman Edgardo Abon said the government's Committee on ...

Cement firms share prices rise on demand outlook

Shares of leading cement companies such as ACC, Ambuja Cements, Ultratech Cement and Prism Cement rose 2-3 per cent today. Dealers at several broking firms said there was buying from institutional investors on expectation of good financial performance from these companies on the ...

Global cement demand to reach 3.5 billion tonnes in 2013

Global cement demand is forecast to rise +4.1% per year to 3.5 billion tonnes, or US$ 246 billion, in 2013, according to the latest report by US-based research company The Freedonia Group. The report, World Cement, said the rise will be driven by rising investments in infrastruct...

Holcim holds off price increase until March

There will not be any price increase on the cement, at least none until the end of March. This was the promise made by Holcim Philippines who said that they will not be increasing their price in Metro Manila in order to help those who were hit by the typhoons which devastated the ...

Holcim claims first solar install at U.S. cement plant

Holcim's Portland cement plant in Colorado claims to be the first in the United States to use solar power, reports Pueblo Chieftain. The installation of 528 solar panels is projected to produce about 156,201 kilowatts of power each hour, which is enough to power the administrativ...

Binani puts Dubai expansion plans on hold

Binani Cement has put its Dubai expansion plans on hold due to sharp drop in cement demand in the debt-laden country. Instead, the flagship company of the Braj Binani group has started looking for other markets of the Middle East and neighbouring countries to supply excess cement ...

Oman Cement says full year net profit doubles

Oman Cement Co, the sultanate's second largest cement producer, said full year net profit doubled to $62.8 million from $12.54 million in 2008. It gave no reason for the improvement in a statement on Tuesday and executives at the company were not immediately available for comment...
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