Chinfon Cement backs out of Dung Qat project
Vietnamese company Chinfon Cement has pulled out of a US$200 million project to build a 1 million tpa cement plant.
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Vietnamese company Chinfon Cement has pulled out of a US$200 million project to build a 1 million tpa cement plant.
Rwanda’s largest cement producer is set to purchase new equipment for the expansion of its facilities.
Dangote Group, the largest cement producer in Nigeria, is due to invest a further R779 million in Sephaku Cement.
China Shuangji Cement, Ltd. has announced that one of its four cement plants is on a recently published list of more than 2000 production lines across China that the Ministry of Industry and Information Technology wants to phase out due to concerns about outmoded production methods.
BK Birla group-controlled Mangalam Cement has announced it will merge with Mangalam Timber Products Ltd.
PT Indocement Tunggal Prakasa has forecast Indonesia’s cement demand to increase by 8% this year to a total of 41.5 million t.
During the past Iranian year (up to 20 March), Iran exported over US$ 637 million of cement, much of it being imported by Iraq.
Argentina’s top cement manufacturer, Loma Negra plans to invest US$ 50 million to boost production and transportation in Argentina.
Carmago Correa will join forces with another Brazilian major construction company in a bid to build the world’s largest new hydroelectric dam. In a separate issue the company is planning to issue US$1.7 billion in commercial papers.
The Turkish Cement Manufacturers’ Association (TCMA) revealed that Turkey recorded a 12.2% increase in cement production over January – May this year compared to 2009 figures.
The management of the Ghana-based company, Ghacem has indicated that it is ready to work with the Korean construction company STX Construction
FLSmidth & Co. Group saw a sharp increase in order intake in the first half of this year and expectations for the cement market in 2010 remain unchanged at 50 million tpa new contracted cement kiln capacity worldwide (exclusive of China).