Cement News tagged under: UK
Dangote plans London listing by 3Q1311 May 2012, Published under Cement NewsAliko Dangote said on Thursday he was aiming to list his US$11bn cement company on the London stock exchange by the third quarter of 2013. "If the market is good by next year, we will hit the market, sometime. Maybe third quarter ... we will try," Reuters reported him as saying on the sidelines of the World Economic Forum in Addis Ababa. |
Cemex UK's Barrington plant to be demolished04 May 2012, Published under Cement NewsCemex UK confirms that it will not be bringing its cement plant at Barrington, Cambridgeshire back into production, but is moving to a phased demolition of the facility. Originally mothballed in November 2008, Cemex UK has concluded there is no economic case to re-start production. Commenting on the decision, Jesus Gonzalez, president Cemex UK operations said: "Regrettably we have come to the irreversible decision that Barrington Cement plant will not be bought back into production. Thi... |
Breedon targets acquisitions from Lafarge and Anglo-American UK sales02 May 2012, Published under Cement NewsBreedon Aggregates is eyeing the quarry assets of Lafarge and Anglo American PLC that need to be sold for their British joint venture to succeed. The aggregate company is likely to bid on the quarries up for sale after the Competition Commission ruled yesterday that a merger between Lafarge and Anglo American’s UK subsidiary, Tarmac, could go ahead only after substantial disposals. This means that the Hope Cement works, in Derbyshire, and a host of quarries, ready-mixed concrete and asp... |
Commission demands Lafarge/Anglo asset sale, UK01 May 2012, Published under Cement NewsThe UK’s Competition Commission (CC) has said Anglo American PLC and Lafarge must sell a significant portfolio of operations before their proposed construction materials joint venture can go ahead. A nglo American, through its UK subsidiary Tarmac, and Lafarge are both global firms that supply construction materials in the UK. The parties proposed to establish a 50:50 joint venture, to which each of them would contribute the bulk of their construction materials businesses in the UK. ... |
MPA figures highlight need for UK construction investment30 April 2012, Published under Cement NewsThe UK's Mineral Product Association (MPA) results for the first quarter of 2012 indicate a substantial reduction in sales of aggregates, ready mixed concrete and asphalt, confirming the latest GDP figures which show that declining construction activity has dragged the UK back into recession. Compared with the same period of 2011, sales volumes of crushed rock and sand and gravel aggregates declined by 13% and 12% respectively in the first three months of 2012 and sales volumes of ready-mi... |
UK construction returns to recession26 April 2012, Published under Cement NewsFigures from the Office of National Statistics (ONS) for GDP in the first quarter of 2012 show that the UK economy and construction industry returned to recession with a fall of 0.2% fall and 3% respectively. Commenting on these figures, Noble Francis, Construction Products Association Economics Director said: "Given the sharp effects of public sector spending cuts over the past 12 months it is unsurprising to see that construction returned to recession in the first quarter with a fall of 3... |
UK: Cemex teams up with SITA to produce RDF23 April 2012, Published under Cement NewsCemex UK has joined forces with SITA UK to produce all the refuse-derived fuel (RDF) to fire its Rugby cement kiln. SITA UK will build two recycling plants that will produce Cemex’s Climafuel brand of RDF from local residual household and business waste. Under the terms of the deal, SITA UK will be responsible for building and operating the plants – one in Birmingham, and another on land adjacent to the Rugby cement plant. The processing will involve sorting and shredding of material. ... |
Future drivers of UK cement consumption16 April 2012, Published under Cement NewsWith the UK construction industry continuing to suffer from reduced private and public demand, the offshore wind industry offers considerable economic promise, according to Andrew Minson, Executive Director of Mineral Products Association (MPA) The Concrete Centre. The growth of wind, wave and tidal industries has the potential to generate up to 120,000 jobs over the next 10 years, both directly and through the UK-based supply chain that is developing alongside it, the MPA notes. Furthermo... |
UK construction reports unexpected monthly advance04 April 2012, Published under Cement NewsUK construction expanded at the fastest pace in 21 months in March, adding to signs the economy returned to growth in the first quarter. A gauge of building activity rose to 56.7 from 54.3 in February, Markit Economics Ltd. and the Chartered Institute of Purchasing and Supply said in a report today in London. The median forecast in a Bloomberg News survey of nine economists was 53.4. A reading above 50 indicates expansion. Markit said confidence at companies increased to a 22-month high. ... |
CPA: Budget brings no short term benefit, UK22 March 2012, Published under Cement NewsThe UK’s Construction Products Association (CPA) welcomed the Chancellor’s strong commitment to business in his Budget Statement but says it will not bring any significant short term benefit to a construction industry that is forecast to see output fall by 5% in 2012. Commenting on yesterday’s Budget Statement the Association’s Chief Executive, Michael Ankers, said: “The government clearly recognises the constraints on our economic growth imposed by the poor quality of our infrastructure ... |