Cement News tagged under: dispute
Vicat and Egypt settle investment dispute24 March 2022, Published under Cement NewsEgypt’s Prime Minister, Mostafa Madbouli, and the Minister of Justice, Omar Marwan, have witnessed the signing of a final settlement agreement on the country’s investment dispute with Vicat , a shareholder in Sinai Cement Co . The agreement was signed by Minister of International Cooperation, Rania el Mashat on behalf of the government, and Vicat’s Chairman and CEO, Guy Sidos. Under the agreement, the arbitration case between the two parties before the International Center for Settlemen... |
Azul head office seized amid dispute15 March 2022, Published under Cement NewsThe Board of Directors of La Cruz Azul, headed by José Antonio Marín and Víctor Manuel Velázquez, took over the company’s offices in Colonia del Valle, Mexico City, on 11 March 2022. While the Marín and Velázquez group maintained that the action was carried out on the basis of a court ruling, the dissident cooperative members led by Federico Sarabia and Alberto López denounced that it was an illegal seizure of the facilities, carried out by a "shock group" that threatened the employees wit... |
Cruz Azul legal dispute risks sustained cement production20 December 2021, Published under Cement NewsMexico-based cement producer Cruz Azul is currently facing a legal conflict in its plant in Tula, Hidalgo, that threatens to impact cement production. The plant currently employs 1300 workers and two groups are seeking control of the company. A day after the failed seizure of the facilities that the dissident group intended that resulted in a riot, the cooperative members chaired by Federico Sarabia, warned that due to the series of sabotage and actions taken against them by the group led ... |
Dangote28 October 2019, Published under Cement NewsDangote Cement has announced plans to expand its cement capacity in Africa by 29 per cent to 62Mta. The company is expected to add 6Mta in Nigeria in 2020, taking its capacity in its home market to 35Mta, while other expansions are earmarked mainly for west Africa, including Niger and Côte d'Ivoire. On the back of this and other investments, the group’s total revenue is forecast to reach US$30bn in the next few years. Meanwhile, in Tanzania, Dangote remains locked in a dispute with the co... |
USA: concerns over plant location near school23 September 2016, Published under Cement NewsThe National Association for the Advancement of Colored People (NAACP) has raised concerns over the location of a cement plant in Tuscaloosa, Alabama, as is it situated across from a school. It is reported that dozens of mixing trucks pull into the site every day, stirring dust into the air. The worry is that dust particles and chemicals being used may be detrimental to the health of students at a school. NAACP director, Jerry Carter said, “We can't have a concrete batching plant right ac... |
Ibeto and Nigercem ownership dispute rages on23 December 2014, Published under Cement NewsThe Ebonyi State Government in Nigeria has warned the Ibeto Cement Company over an alleged illegal entry into the premises of Nigercem cement premises located at Nkalagu. The entry has been perceived as an act of provocation by Governor Martin Elechi of Ebonyi State, as Nigercem is still subject of an ownership dispute in the courts. He said: “We recall that the following dispute between the state government and Ibeto Group on the ownership of Nigercem, Ebonyi State Government exercised... |
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