Cement News tagged under: international
Sabanci seeks further cement investments10 May 2010, Published under Cement NewsÇimsa, a leading Turkish manufacturer of cement and ready-mixed concrete products of Sabancı Holding, aims to invest US$200m within the next five years. “The company must make this investment in order to comply with new competitive conditions and to be active in the carbon economy,” said Mehmet Hacıkamiloğlu, the general manager of Çimsa, during a press meeting on Friday in Istanbul. “The ambiguity in the global market still continues,” Anatolia news agency quoted Hacıkamiloğlu as saying. ... |
CH Clinker Manufacturing PLC’s Ethiopian investment10 May 2010, Published under Cement NewsCH Clinker Manufacturing PLC, a Chinese private company, is setting up what will become one of the biggest cement factory in the country, local press report. Registered with a three billion birr capital at the Ethiopian Investment Agency, the Chinese company is building the cement plant in Oromia region, northern Shoa, at a site where the raw material for cement production is abundantly available. The plant is expected to have an installed capacity of 10,000tpd. CH Clinker Manufactur... |
Severe weather impact February 2010 USA shipments10 May 2010, Published under Cement NewsLatest data released by the US Geological Survey (USGS) show total shipments of Portland and blended cement in the United States and Puerto Rico for February 2010 were about 3.4Mt. This was 26% lower than shipments in February 2009 and, in part, reflected exceptionally severe snowfalls during the month. Year-to-date shipments were about 6.8Mt, down by about 24% from the same period in 2009. The leading producing States (Texas, California, Florida, Missouri, and Alabama, in descending ord... |
KKR investment to de-leverage Dalmia’s cement business10 May 2010, Published under Cement NewsPrivate equity firm Kohlberg Kravis Roberts’ (KKR) move to invest up to INR50 crore in the cement business of Dalmia Cement (Bharat) Ltd (DCBL) will de-leverage the balance sheet, even as the group consolidates cement operations under one entity. KKR will invest in DCBL’s wholly-owned subsidiary Avnija Properties, to fund its 10Mta cement expansion. Of the estimated project cost of INR4,250 crore, DCBL has tied up debt of INR3,250 crore. KKR’s investment will de-leverage the balance sheet... |
Lafarge to raise China capacity10 May 2010, Published under Cement NewsLafarge said it would increase its cement production capacity in China by 80Mt in the period from 2010 to 2011, sources reported. The company plans to add 177Mt of cement production capacity in emerging markets such as China and India by 2011. Lafarge now has 18 cement production lines and 24 cement powder grinding stations in Yunnan, Chongqing, Guizhou and Sichuan. Their total production capacity is 24Mt. Source: China Knowledge |
Cemex Latvia merges subsidiary10 May 2010, Published under Cement NewsCemex Latvia has announced that it has merged its operation with its quarrying subsidiary Sauleskalna Karjers. Cemex has said that the administration of both companies has already been merged and Sauleskalna Karjers production is currently being restructured. |
Jaypee Cement to buy Zawar’s Wadi facility07 May 2010, Published under Cement NewsJaypee Cement, the cement arm of Jaiprakash Associates, is set to buy a controlling stake in Zawar Cement’s defunct grinding unit at Wadi, in Karnataka’s Gulbarga district. The Zawar Group, based out of Pune, has business interests in cement, power, mineral water and real estate. Zawar Cement had in turn bought the Wadi unit from ACC. Valuations could not be ascertained, but Jaypee is expected to set up a 2.5Mta grinding unit in this plant. Sources say the project will be commissioned th... |
Lafarge launches US$200m renovation on Iraqi plant07 May 2010, Published under Cement NewsLafarge has launched a US$200m renovation of an Iraqi plant on Thursday to boost production and achieve a bigger share of the local cement market, reports Reuters. On a tour of the plant, one of Iraq’s biggest non-oil industrial projects in recent years, Lafarge chief executive in Iraq Marcel Cobuz said he expected that revamping the 27-year-old factory would help increase its output tenfold to 2Mta within two and half years. "Definitely a lot of revamping is needed here," he said, referri... |
Holcim confirms construction of East Java plant07 May 2010, Published under Cement NewsIn view of the continuous economic growth in Indonesia, the Board of Directors and the Executive Committee of Holcim have decided to build a new cement plant with an annual capacity of 1.6Mt in the eastern part of the main island of Java, near the city of Tuban. The investment costs will amount to around US$450m, the company said in a statement. The new plant, with open sea loading and unloading facilities, will go into service in the first half of 2013, providing all necessary local lice... |
HeidelbergCement advances in Indonesia and China07 May 2010, Published under Cement NewsHeidelbergCement’s first quarter turnover declined by 7.6% to €2,179.7m and the EBITDA was down by 15.0% to €171.4m. The trading level, there was a swing from a €11.3m profit into a €18.2m loss. The net interest charge increased by 5.7% to €144.6m and the pre-tax loss increased by 11.7% to €217.8m and the net attributable loss more than trebled to €198.9m. Capital investment was reduced by 11.6% to €117.4m, while spending on acquisitions dropped from €9.9m to €3.8m, with capital investmen... |