Cement News tagged under: international
Sanghi plant construction to begin next week, Kenya12 May 2010, Published under Cement NewsConstruction for a cement plant to be built in the Pokot district by Cemtech Sanghi Group Industries is set to begin shortly when Prime Minister Raila Odinga breaks ground during a ceremony next week. The project by the Cemtech Sanghi Group will include a 64MW power plant, from which 50MW will be sold to Kenya Power and Lighting Company, said Group Director Rajesh Kumar Rawal, Tuesday. Chairman Ravi Sanghi said the factory would use the latest and most environmentally friendly technology... |
India April cement output up 10%12 May 2010, Published under Cement NewsIndia’s cement production grew 9.7% on year to 14.7Mt in April, the Cement Manufacturers’ Association said today. However, April production was 7.3% lower than 15.85Mt produced a month ago. Despatches in April grew 9.0% on year to 14.45Mt, the association said. |
Indocement to expand capacity, Indonesia12 May 2010, Published under Cement NewsIndonesia’s second largest cement maker PT Indocement Tunggal Prakarsa plans capacity expansion to meet domestic demand which is predicted to grow six per cent this year. The company said it has decided to raise its capital expenditure to US$100m this year from US$75m set earlier. The company will need up to US$60m for routine expenditures and around US$40m for the construction of two new mills in its factory in Citeureup, Bogor. The new mills with a total capacity of 2Mt are expected to ... |
Afrisam launches low carbon cement12 May 2010, Published under Cement NewsCement producer AfriSam launched a cement product yesterday with half the carbon intensity of the global average, attributing its achievement to a decade of environmental focus and substantial investment. The carbon footprint of AfriSam’s Eco Building Cement stands at 453g a kilogram of cement produced, compared with a global average of 890g. The company claims the strength of the cement has not been compromised. AfriSam chief executive Stephen Olivier said the group had started the proce... |
Caribbean Cement poor first quarter12 May 2010, Published under Cement NewsCaribbean Cement Company Limited (CCCL) reported poor first-quarter performance linked to falling sales domestically and on the export market — for which the underperforming economy got blame — and also increased debt. The debt charges this quarter were not due to the plant expansion project completed two years ago, but other liabilities, the company said Tuesday. Its long and short term debts now total J$4.8 billion. The majority of the financing for the plant upgrade was provided by par... |
PPC posts rise, concerns over rest of year12 May 2010, Published under Cement NewsSouth Africa’s biggest cement maker PPC posted a 10 per cent rise in first half profit helped by its Zimbabwean unit, but said it was concerned about the outlook for the rest of the year. PPC said headline earnings per share totalled 116 cents for the six months to end-March, compared with 105.4 cents a year earlier. Headline EPS is the main profit gauge in South Africa and strips out certain one-time and financial items. Revenue increased five per cent to ZAR3.4bn (US$459m), boosted by ... |
KSK halts US$150m cement plant in Kursk region, Russia12 May 2010, Published under Cement NewsKurskaya Stroitelnaya Kompaniya (KSK, Kursk Construction Company) has stopped construction of a US$150m cement plant in Kursk region, the company reports. The project was reportedly halted due to the stoppage of finance from VTB Bank. The company is currently actively looking for potential co-investors into the project, the firm said. The plant, with projected annual capacity of 1.3Mt of cement, is being built in the region’s Solntsevo district. |
JPMorgan Chase acquires stake in Anhui Conch11 May 2010, Published under Cement NewsJPMorgan Chase & Co, a US-based financial services firm, has acquired a stake in Anhui Conch Cement Company Limited, a China-based producer and seller different grades of cement and clinker for HKDD1600m (US$206.05m). Under the terms of the transaction, JPMorgan has acquired 64.79m share at a price of HKD25.12 (US$3.23) per share. |
Cemex surges after Credit Suisse upgrade11 May 2010, Published under Cement NewsShares in Cemex surged after Credit Suisse raised its rating to "outperform" from "neutral," citing improved growth expectations for the US market. Cemex shares gained 7.09 to 14.20 pesos in opening trade -- also riding a global rebound in stocks on news of a massive rescue package to stem fears of contagion from the Greek debt crisis in Europe, another of Cemex’s major markets. Source: Reuters |
Cementir to invest in Italy, Turkey and Malaysia11 May 2010, Published under Cement NewsCementir saw turnover decline by 16.4% to EUR157.7m during the first quarter of the year, with the EBITDA dropping by 56.4% to EUR9.7m and losses being declared at both the trading and pre-tax levels. After a first quarter that saw volumes suffer from a cold winter, cement and ready-mixed concrete demand began to recover in April. Capital investments in the past three months included the final costs of the new white cement plant constructed in China. The grey and white cement volume was ... |