Cement News tagged under: international
Iran to build cement, asphalt plants in Comoros06 April 2010, Published under Cement NewsIran intends to construct cement and asphalt producing plants in the South African state of Comoros, an Iranian envoy announced on Tuesday. "We are transferring cement and asphalt plants to the country," Iran’s Economic Attaché in Comoros Jalil Makinechi said at a news conference on the expansion of Iran’s investments on the Comoros Islands. Highlighting capabilities and potentials of the Islands for foreign investment and economic activities, he pointed out that Comoros can serve as a bri... |
Trident plant announces 47 plant layoffs, USA05 April 2010, Published under Cement NewsOfficials at the Holcim plant in Trident, Montana say 47 workers will be temporarily laid off. The company says the employees should be returning to their job in about a months and cites market conditions as the reason for the layoffs. |
Bin Son Cement contributes to socio-economic development05 April 2010, Published under Cement NewsVietnamese producer Bin Son Cement Joint Stock Company has been commended by President Nguyen Minh Triet for winning consumer trust during a recent visit to the plant. While visiting the works in Thanh Hoa province on April 3, President Triet underlined the company’s contribution to the socio-economic development, generating jobs for local people. Since starting operations, Bim Son has produced nearly 40Mt of cement and earned a revenue of more than VND22,243bn, contributing over VND2,300... |
Israel allows cement into Gaza05 April 2010, Published under Cement NewsIn a gesture of goodwill to UN Secretary-General Ban Ki-moon, Defense Minister Ehud Barak has approved the rare transfer of large amounts of cement, shoes and clothing to the Gaza Strip, defense officials said on Saturday. According to the officials, Barak approved the move in late March, around the time that he and Prime Minister Binyamin Netanyahu visited Washington and Ban traveled toGaza. The supplies will cross into the Strip over the coming week via Kerem Shalom, the main crossing us... |
Second Indian firm to set up plant in Pokot, Kenya01 April 2010, Published under Cement NewsAnother India-based company has won a tender to set up a cement plant in the North Rift as firms seek to enter the lucrative Kenyan market, according to local press reports. Gleen Investment has been issued with a letter of offer to construct the factory in Ortum, West Pokot, following a proposal by Kerio Valley Development Authority (KVDA). This comes a few months after Cemtech/Sanghi was given the go-ahead to build a factory in the Sebit area in Pokot. “We have the pleasure to inform yo... |
New project give boost to Pakistan demand01 April 2010, Published under Cement NewsThe start of construction work on new small apartment projects and large scale renovation of houses have pushed up local demand and sales of cement. Around 35-40 new small apartment projects have been launched in Karachi since Ramazan last year. In addition, many people have started renovation of their houses as steel prices are comparatively low this year along with the fall in cement prices. According to figures by the All Pakistan Cement Manufacturers Association (APCMA) total domestic ... |
Tamil Nadu Cement Corp receives government funds01 April 2010, Published under Cement NewsThe Tamil Nadu Cement Corporation Ltd (TNCCL), a state-run cement manufacturer, has been allocated Rs115.91 by the government for modernising it Alangulam unit. The proposed modernisation will not only increase production by 50 per cent but will also reduce production costs by 50 per cent, according to an official release. Located at Alangulam Virudhunagar district, started commercial production in 1970-71. It has a production capacity of 400,000tpa. The company manufactures and markets i... |
Saudi Arabia 2010 cement sales outlook01 April 2010, Published under Cement NewsCement sales in Saudi Arabia are likely to rise 19 per cent in 2010 but prices are expected to drop, dragging profit margins down as new entrants, combined with a partial export ban, increase market saturation, NCB Capital said. In a report, NCB Capital, the investment arm of Saudi Arabia’s biggest lender, National Commercial Bank said: "We expect gross margins of 53.8 per cent in 2010 compared to 54.3 per cent in 2009." Cement sales are expected to reach 44Mt this year, the report said, a... |
Ukrtsement forecasts reduced cement output in 201031 March 2010, Published under Cement NewsUkrtsement Association forecasts a fall in cement output by 25.78% or 2.431Mt to 7Mt in 2010 compared with 2009, the Association announced. Taking into account the January-February slump in production, cement plants will be able to reach 7Mt by the end of the current year, the statement said. Ukraine produced 347,500t of cement in January-February, or half as much versus last year’s figures. |
Cemex places convertible notes31 March 2010, Published under Cement NewsCemex said Tuesday it has placed US$715m in five-year convertible notes, including all US$65m of an overallotment offered to initial buyers, The company said it will use the proceeds from the placement to pay down debt and for general corporate purposes. The subordinate convertible notes pay annual interest of 4.875 per cent. Part of the money also will be used to pay for a capped transaction that Cemex entered into with an affiliate of one of the initial buyers. The option is expected to... |