China receives €500 million loan for climate change mitigation projects
The European Investment Bank (EIB) has granted a €500 million loan to the People’s Republic of China (PRC) for projects supporting climate change mitigation.
Asia & Pacific Rim
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Third plant in Turkmenistan equipped with Siemens technology
The Turkish company Polimeks Insaat Taahhüt ve San. Tic. A.S. has assigned Siemens Turkey to provide the electrical and automation equipment for a new cement line in Koytendag, Turkmenistan.
Chinese cement prices reach record highs
The price of cement in China has reached record highs as production levels have been affected by producers striving to meet energy-saving targets.
Imports and exports in Vietnam
As 2010 draws to a close, Vietnam expects to export a further 200 000 – 250 000 t of cement and clinker.
Asia Cement to invest in Sunnsy Group
Taiwan’s leading cement producer has signed a memorandum of understanding with Sunnsy Group of China to acquire 30% of the group’s subsidiaries.
Cemex looking to acquire Murli Industries
Press reports from India indicate that Cemex is in talks to buy a controlling stake in India’s Murli Industries.
HeidelbergCement India seeks JV to secure coal supplies
HeidelbergCement India Ltd is looking to form joint ventures to secure local coal supplies for a planned expansion project.
SCCC looking to build a plant in Burma
Thailand’s second largest cement producer, Siam City Cement (SCCC) is looking to set up a cement plant in Burma.
Cement despatches from Pakistan reach 4 month high
Cement despatches from Pakistan achieved a 4 month high in October, reaching 2.9 million t, a 45% increase from 2 million t in September.
GEA Process Engineering acquires ACC’s emission controls unit
GEA Process Engineering has acquired the emission controls engineering unit of ACC, one of India’s largest cement manufacturers.
FLSmidth receives first HOTDISC order on the Indian market
FLSmidth has received an order from Vasavadatta Cements to supply a HOTDISC and alternative fuel feeding system at the Sedam plant.
Essar Group firms up on further investments
India’s Essar Group has announced plans to invest over Rs.2000 crore to set up a cement and ferroalloy unit.
Indocement’s 9 month net profit increases 27%
PT Indocement Tunggal Perkasa, Indonesia, announced that its nine month net profit has increased by 27% y-o-y
Meeting Post-Conflict Challenges
After 27 years of civil war, a massive reconstruction programme is needed to alleviate the suffering of thousands of displaced people in the north and east of Sri Lanka, and international investment is essential to achieve this.
Tamil Nadu construction companies respond to price increases
Construction companies in Tamil Nadu, India, are taking action as the domestic price of cement soars.