Cement News tagged under: international
High Court reserves order on PIL against Nirma Cement plant16 April 2010, Published under Cement NewsThe Gujarat High Court today reserved its order on a Public Interest Litigation (PIL) filed by farmers of Mahuva talkua of Bhavnagar opposing the proposed cement plant of Nirma Ltd in their area. A division bench of Chief Justice S J Mukhopadhaya and Justice Akil Kureshi reserved the order after hearing the arguments of the two parties, the aggrieved farmers and the Nirma Company, over three days. For the farmers, their lawyer Anand Yagnik submitted that the land given to Nirma for the cem... |
Egypt may impose health tax on cement firms16 April 2010, Published under Cement NewsAn official at the Egyptian government said that the health and finance ministries are studying proposals to impose a 10 per cent tax on cement companies to raise funds for public health expenditures, Reuters reported. Egypt is overhauling healthcare and insurance to improve services for its population. Health Minister Hatel el-Gabaly said earlier this month that the government should raise money for health expenses from polluting industries such as tobacco and cement. The option of taxing... |
Cimpor invests EUR133m in Brazil over last three years16 April 2010, Published under Cement NewsCimpor, whose capital is now controlled by Brazilian companies Votorantim and Camargo Correa, over the last three years has invested EUR133m in Brazil, which has made the market one of the main contributors to the group s results, according to website Portugal Digital. In 2009 Cimpor employed 1,541 workers in Brazil, which is the biggest ever number. Cimpor has 1,407 staff in Portugal and 1,119 in Spain. The 2009 annual report and accounts Cimpor outlined that 2009 was the biggest investmen... |
Brazil to extend tax breaks for building materials16 April 2010, Published under Cement NewsBrazil will extend tax breaks on construction materials through the end of the year to prevent prices in the sector from rising further, finance minister Guido Mantega said on Thursday. The extension comes as the economy is poised for more than five per cent growth this year and the central bank is seen hiking interest rates for the first time in two years this month to keep price pressures in check. "With the expiry-date at the end of June, there is a concentration of demand which is ... ... |
Ciments Francais: brighter earnings outlook16 April 2010, Published under Cement NewsEarnings for Ciments Français look set to become brighter after 2010, with analysts at CM-CIC releasing new estimates for the company in light of management efforts to clean up operations of the group’s accounts and assets. The full impact of these measures is expected to be felt by the French producer next year. In 2009, Ciments Français, majority-owned by the Italcementi Group, reported a strong slowdown in cement demand in European countries and North America. In emerging countries, afte... |
Lafarge be allowed mining in Meghalaya forest: Centre15 April 2010, Published under Cement NewsThe Indian government has concurred with the views of the Attorney General G E Vahanvati that Lafarge should be allowed to resume mining in the forests of Meghalaya in the north-east provided it deposit INR55 crore for the welfare of the locals. "Whatever the Attorney General (Vahanvati) has said yesterday (on Monday in the Supreme Court) we support it," Environment Minister Jairam Ramesh said on the sidelines of a function here. He was responding to a query whether the Ministry agree with... |
Jebel Ali receives quality award, UAE15 April 2010, Published under Cement NewsDubai-based Jebel Ali Cement Factory has become the first cement company to receive the Dubai quality Appreciation Program (DQAP) award. Jebel Ali Cement won the 2009 award for its prioritization of quality as a key driver for corporate growth, DQAP recongises quality in overall management, including all aspects of operations, Human Resources, policies and procedures, customer relations, and Environment, Health and Safety (EHS). “We are extremely honored to receive this award. This achieve... |
Shanshui likely to rise; FY09 net profit +30.1%15 April 2010, Published under Cement NewsShanshui Cement likely to rise as FY09 net profit growth higher than 20% tipped in February profit guidance; net profit +30.1% on year at CNY702m driven by higher sales, effective cost control. Source: Dow Jones International News |
Coal prices put pressure on Indian producers’ margins15 April 2010, Published under Cement NewsThe rising prices of imported coal are expected to put pressure on the margins of cement producers such as UltraTech Cement, Ambuja Cements, India Cements and Binani Cement from Apr-Jun 2010. Prices of imported coal have risen by 45 per cent to US$81.67/t from US$55/t in September 2009. Prices of inputs such as coal, slag and petroleum products have started rising and could harden in 2010-2011, pushing up costs of cement companies. |
Egypt to reissue two licences15 April 2010, Published under Cement NewsEgypt said it is to reissue production licences to two cement companies that had their licences scrapped. El Wadi Cement and North Sinai Cement had their licences cancelled late last year over start-up delays and financing shortfalls, but were granted 60 days to challenge the decision. While the firms did not meet the conditions during the appeals period, they have since pushed to secure financing to help get their projects off the ground. “The licences will be reissued in the same areas ... |