Cement News tagged under: international
Spanish cement consumption slumps 50% - Valderrivas02 June 2010, Published under Cement NewsSpanish cement producer Cementos Portland Valderrivas president Dieter Kiefer said yesterday that cement consumption has decreased by more than 50% due to the economic crisis and the decline in the real estate sector. Kiefer added that he will fight to save the staff at the company’s plant in Morata de Tajuna. Source: Expansion (El consumo de cemento cae más del 50% por la crisis y el parón del ladrillo, según Cementos Portland). |
Lafarge Heracles first quarter sales drop02 June 2010, Published under Cement NewsHeracles Group of companies announced today sales of EUR95.0m for the first quarter of 2010, decreasing by 21.4% compared to the same period in 2009. Sales of the company were at EUR82.02m, decreasing by 24.3% compared with the first quarter of 2009. The domestic market for cement and other construction materials was affected by lower demand in residential housing and the challenging economic environment. In addition, export demand in markets traditionally supplied by the Group, contribute... |
West China receives approval for new capacity, new contract02 June 2010, Published under Cement NewsWest China Cement (WCC) is proceeding with the construction of the two planned cement plants that it indicated were at a planning stage at the time of its annual report. Pucheng Line 2, with a capacity of 1.1Mta, will raise the company’s total capacity in Pucheng to 2.5Mt and secure its market position in the Weinan region. This plant is expected to be completed by the second half of 2010. The Xixiang Plant, also with a capacity of 1.1Mta and based in the Hanzhong region, is 110km away fro... |
Semen Gresik, Indocement 2011 output capacity to rise02 June 2010, Published under Cement NewsIndonesian cement firm Semen Gresik’s production capacity is expected to rise to 20.6Mt in 2011, Indonesia’s cement association said on Tuesday. The association added that for next year, Indocement Tunggal Perkasa’s production capacity will also rise to 21.1Mt, while the production capacity of Holcim Indonesia will be steady at 8.7Mt. |
India’s Aditya Birla May shipments up 5.6 per cent02 June 2010, Published under Cement NewsIndia’s Aditya Birla Group said on Tuesday cement shipments in May rose 5.6 per cent from a year earlier to 3.35Mt. Production rose 5.6 per cent to 3.42Mt, the company said in a statement. Last November, the group said it would combine its cement operations under UltraTech Cement to create India’s No.1 cement firm, with an installed capacity of about 49Mta. The process is expected to be completed by July. |
GCC restructures US$738m debt, Mexico02 June 2010, Published under Cement NewsMexican cement maker Grupo Cementos de Chihuahua (GCC) has completed a plan to refinance some US$738mn of debt, the company said in a release to Mexico City’s bourse BMV. The plan consolidates the firm’s US$455mn banking debt, which includes two syndicated and two bilateral loans. Interest will be paid at Libor plus 4.5%, with a 2% minimum Libor floor, and the debt will mature at end-2015. The firm’s private debt, totaling US$284mn, will also be repaid by end-2015. Interest will be capital... |
Gansu Qilianshan to invest in Northwest China02 June 2010, Published under Cement NewsGansu Qilianshan Cement Group Co Ltd with its subsidiary will jointly inject CNY482m (US$70.5m) into Hongda Building Materials, an arm controlled by Jiuquan Iron & Steel (Group) Co Ltd or JISCO, according to an agreement signed by the Shanghai-listed firm and JISCO on May 28. After the injection, Gansu Qilianshan Cement and subsidiary Yongdeng Qilianshan Cement will each hold a 30% stake in the target firm, whose registered capital will increase from CNY54.69m to CNY137m. Tan Zhongming, ... |
Philippine 1Q cement demand up 15.7%02 June 2010, Published under Cement NewsDemand for cement went up by 15.7 per cent in the first quarter as a result of election-related spending and higher construction activity as a result of the destruction brought by typhoons Pepeng and Ondoy. Cement Manufacturers Association of the Philippines (CEMAP) president Ernesto Ordoñez said that demand for cement went up because of election-related spending and a spill-over from 2009 last quarter of 2009 when demand surged after the destruction of the twin typhoons. In 2008, demand f... |
Shree May despatches up 15.1 per cent02 June 2010, Published under Cement NewsShree Cement Ltd’s despatches in May rose 15.1% from a year ago to 846,000t, a company release said today. Cumulative sales for April and May stood at 1.6Mt, up 4.9%. |
JK Cement lines up brownfield expansion02 June 2010, Published under Cement NewsJK Cement of India is undertaking brownfield expansion at Mangrol in Rajasthan. It has proposed to set up 5000tpd plant at the site. The company has approved expansion of grey cement capacity by 2.2Mt at the existing site. It has also approved an additional 1.8Mt grinding facility at split location in North India for which it is finalising a site. The expansion plans include a captive power plant of 25MW and the projects would be commissioned by September 2012. |