By John Lee. Tehran Times reports that Iran is to build a cement factory in Iraq. The factory’s products will be exported under Iranian brand names. The project involves the investment of $245 million, with production expected to start in two years' time. No location has been confirmed. (Source: Tehran Times)
By John Lee. The State Company for Cement Industries says cheap, low-quality imports of cement are making it hard for it to sell its products, reports Azzaman. The company’s director-general, Nasser Idris, warned that the industry might collapse without immediate state support. Idris did not say where the cement was imported from, but added that […]
IFC, a member of the World Bank Group, is providing a $70 million loan to help renovate a cement factory in Iraq, part of an effort to support the local building sector and aid in the country’s reconstruction. The financing will allow Kerbala Cement Manufacturing, a subsidiary of France’s Lafarge, to rehabilitate a state-owned plant […]
By John Lee. Lucky Cement, which claims to be the largest manufacturer of cement in Pakistan, has entered into a joint venture for a cement grinding plant in Iraq, according the The News. "The contract for the supply of plant and machinery for this project has been signed and the project team, as well as […]
By John Lee. Forbes reports that Nigeria’s richest man, Aliko Dangote, plans to expand his Dangote Cement Company into Iraq, among other countries. Dangote, whose worth is estimated at about $12.5 billion recently told the Financial Times that construction on a plant in Iraq could begin as early as next year. Dangote Cement, which is […]
By John Lee. The Basra Investment Commission has licensed a cement factory in Umm Qasr, according to a report from Aswat al-Iraq. The $26-million project will have a production capacity of 3,000 tons of cement per day. (Source: Aswat al-Iraq)
According to AKnews, Anbar council has taken a court action against Iraq's Deputy Prime Minister and Energy Minister, Hussein al-Shahristani (pictured), for not agreeing to a proposed investment in what it calls 'metal phosphate cement plants' in the province. The Deputy PM did not approve the project and instead referred it to the Ministry of […]
Reuters reports that a Japanese consortium is planning to build and operate a $2 billion fertilizer plant in Basra. Citing an article from Japanese business daily The Nikkei, they say the Japan International Cooperation Agency (JICA) will provide up to 150 million yen ($2 million) to Mitsui, Toyo Engineering Corp and Tokyo-based consulting firm Unico […]
The Iraqi Cement Company made a profit of 16 billion dinar [$13 million], according to Aswat al-Iraq. "A major success has been achieved by the Ministry of Industry Minerals and the Iraqi Cement Company," a media spokesman for the Company's Director-General, Nasser al-Madani reported. "The Company had achieved more than 16 billion (b) dinar proft […]
Lafarge plans to triple cement production over the next two to three years at its plant in Karbala, according to Bloomberg. Eric le Blan, Acting Chief Executive Officer of Lafarge's partner MerchantBridge, told the agency that production at Karbala would increase from 576,000 tons of cement per year to at least 1.8 million tons by 2013 […]
Iraq’s cabinet has approved a $692 million [810 billion Iraqi dinar] contract for the construction of a cement factory in southern Iraq, according to Arab News. Government spokesman Ali Al-Dabbagh (pictured) said the factory will be built in Diwaniya province, 150 km south of Baghdad, and will cover an area of about 185 acres. The […]
A delegation of Chinese companies specializing in cement production visited the Council of Anbar province on Tuesday to discuss investment projects in the region. The head of Anbar provincial council, Jassim al-Halbousi, told AKnews that the discussions focused on ways of increasing productivity at Anbar’s Qaem cement plant. “We hope it will be as significant […]
