By John Lee. Pakistan's Lucky Cement has reported progress at its grinding unit in Iraq. Analyst Nabeel Khursheed at Topline Securities commented that operations from Iraq contributed net earnings of Rs323m (eps Re1) to Lucky’s consolidated bottom-line. (Source: DAWN.COM) (Picture: Muhammad Ali Tabba, CEO of Lucky Cement)
By John Lee. French cement maker Lafarge has written down 385 million euros of assets, mostly in Syria and Iraq. Volume sales were hit by the limited ability to transport cement in Iraq in the second half of the year. Bloomberg, however, quotes Chief Executive Officer Bruno Lafont (pictured) as saying that cement sales in […]
By John Lee. Iraq has agreed to increase cement imports from Iran. Jahanbakhsh Sanjabi Shirazi, the head of Iran-Iraq Joint Chamber of Commerce, told Fars News Agency: "As of September 1, each (Iranian) company can export 15,000t of cement into the neighbouring country from Shalamcheh, Chazzabeh and Mehran border terminals." He noted that the new […]
Lafarge Iraq has launched a new version of Karasta, its multipurpose cement, tailor-made for the Iraqi climate. In order to meet customer expectations and needs 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 […]
By John Lee. Global Cement reports that Iraq has banned imports of Iranian white cement from the Iranian border towns of Shalamcheh and Chazabeh. Sadeq Sava'edi, the deputy head of Khuzestan's Cement Exporters Union, told the ISNA news agency that Iraq is still importing grey cement and other construction materials, adding that Iran exports 8000 […]
By John Lee. Following the news last week that Muthanna Cement is to be rehabilitated, it has now been announced that a new cement plant is to be built in Karbala. The state-owned plant will require an investment of US$300 million and will be constructed by a Iraqi-Canadian joint venture. World Cement reports that the […]
By John Lee. ICR reports that a consortium of ASEC Cement and Iraq's Qemmet El-Iraq has won a contract to rehabilitate and manage the Muthanna Cement plant for 14 years. Attending a signing ceremony in Baghdad with Southern Cement, the state holding company that controls Muthanna Cement, ASEC Cement Chairman and CEO Giorgio Bodo said: […]
By John Lee. The German company Gebr Pfeiffer has received another order from China-based Sinoma (Suzhou) Construction Co Ltd for a cement raw material grinding mill in Sulaymaniya. According to a report from Global Cement, the "MPS 5000 B" vertical roller mill has a capacity of 500tph at a product fineness of 10 per cent […]
By John Lee. A Pakistani company identified as "Alkitan" has said it will build a new cement plant in Basra. Company director Shakir Ali told the Basra Investment Commission that they wanted to set up there "due to the abundant natural resources and investment opportunities". He added that the plant will be built on a […]
By John Lee. Iraqi Cabinet decided to ban the importation of cement from 1st July, according to a report from Aswat Al Iraq. The ban includes white cement, and it will be lifted if local production is not sufficiency to meet demand. (Source: Aswat al-Iraq) (Picture: Falluja Cement Factory)
By John Lee. Pakistan's Attock Cement Pakistan Limited (ACPL) intends to invest around $25 million in a new cement grinding unit in Basra. Summit Capital analyst Muhammad Sarfaraz Abbasi commented: "Since Iraq is an economy which is coming out of war with a huge potential for reconstruction activities, we expect the project will pay ACPL […]
By John Lee. Mondi has recently started full production at its new industrial bags plant in Sulaimaniyah. Together with local partner, Kaso Group, this greenfield project is set to strengthen Mondi’s industrial bags business in the expanding Middle East and North Africa region (MENA). The plant specialises in valve bags for the cement and building […]
