Cement News tagged under: international
Attock Cement and Abbas Cement sign MoU, Pakistan31 March 2010, Published under Cement NewsAttock Cement Pakistan Ltd (ACPL) has signed a memorandum of understanding (MoU) with Al Abbas Cement Industries Ltd (AACIL) and its sponsors expressing interest to purchase 74 per cent shares of AACIL. The deal is subject to completion of legal, financial and technical due diligence. According to information given to the Karachi Stock Exchange, the final decision and other formalities, terms and conditions will be finalised subject to satisfactory completion of due diligence and the approv... |
Vietnam output at 11.3Mt31 March 2010, Published under Cement NewsVietnam producers are estimated to have produced 11.3Mt of cement in the first quarter of this year, representing 22.2 per cent of the full-year target. The country consumed 10.27Mt of cement during the quarter, equaling 20.5 per cent of its full year target, the Ministry of Construction said, Cement output in March will be 4.09Mt and 3.93Mt, respectively, the Ministry said. It also added that cement prices nationwide remain stable. |
Prices to see third successive rise, India31 March 2010, Published under Cement NewsCement prices in India are likely to increase by INR7, the third successive rise this year by companies looking to under the rise in input costs, according to dealers. “Costs of coal, the main material, and freight charges have gone through the roof,” said Shiva Cements chairman and managing director RB Gupta., adding that the rise in prices of diesel and petrol has affected margins. After the price rise, a 50kg cement bag will cost around INR285 in Mumbai and Maharashtra, said dealers. Th... |
Indonesia: Rajawali Group to sell US$800m stake in Gresik31 March 2010, Published under Cement NewsThe Rajawali Group of Indonesia plans to sell a 17.4 per cent stake in the country’s leading producer PT Semen Gresik for around US$800m, Reuters reported. Blue Valley Holdings, which is a unit of investment firm Rajawali, is selling 1.03bn shares at IDR7000 (US$0.77), according to a term sheet seen by Reuters, which is at a six per cent discount to the last traded price. JPMorgan is the sole bookrunner for the deal which will be offered through a bookbuilding process to investors and was ... |
KHD begins restructuring process, Germany31 March 2010, Published under Cement NewsKHD Humboldt Wedag International Ltd said Tuesday it has made the first step in restructuring the company into two distinct entities. Bloomberg reported that the company’s shareholders approved the first tranche distribution of shares of KHD Humboldt Wedag International AG, or KID. KHD plans to eventually restructure into KID, an industrial plant technology equipment and service company and Terra Nova Royalty Corp., a mineral royalty company. Terra Nova will continue to be listed on the N... |
India: Madras Cement to increase capacity31 March 2010, Published under Cement NewsMadras Cements Ltd is planning to increase capacity of its Ariyalur plant in Tamil Nadu. The company has also proposed to set up a 65MW coal-based power plant for captive purpose. AV Dharmakrishnan, executive director – finance, Madras Cements, said the capacity at Ariyalur would be increased to 4.5Mt from 2Mt by April 2011. “The total investment in the expansion and power plant will be around INR800 crore,” he said. The project would be funded through debt and internal accruals. Madras C... |
Taiheiyo to reduce employees and capacity, Japan31 March 2010, Published under Cement NewsTaiheiyo Cement Corp said Tuesday it will reduce regular employees and its group cement production capacity by more than 20% in fiscal 2010 to boost profit by ¥16bn annually. The number of its regular employees will decline by about 740 under an early retirement programme and transfers by the end of September, the largest Japanese cement producer said. The company also plans to cut its group annual cement production capacity by 5.6Mt to 18Mt by the March 2011 end of fiscal 2010 to meet s... |
HeidelbergCement suspends DonCement fuel switch, Ukraine30 March 2010, Published under Cement NewsHeidelbergCement Ukraine has suspended the transfer of Amvrosiivka-based DonCement usage of gas for coal from January-March to May, sales director Petro Hryhorchuk told the Ukrainian News agency. "We will transfer DonCement as we planned, but in May. As soon as in May there will be the first batch of the commodity on the new energy carrier," he said. |
Cementos Argos seeks Panama Canal contract30 March 2010, Published under Cement NewsCementos Argos of Colombia is to participate in a tender for the provision of 1.5Mt (50 per cent) of the cement required in the expansion of the Panama Canal. The contract is worth US$90m, according to Jose Alberto Velez Cadavid, president of Inversiones Argos (Inverargos), the owner of Cementos Argos. Cementos Argos recently completed the expansion of its own Panama facility increasing capacity from 770,00t to 1.6Mt. |
Lafarge exceeds its target to reduce global CO2 emissions30 March 2010, Published under Cement NewsLafarge has made a significant breakthrough in reducing its carbon footprint by exceeding its CO2 emissions reduction target one year in advance, the company announced in a statement. Lafarge is following a voluntary approach on a global scale. For 10 years, the Group has been publicly committed to reducing its global net emissions per tonne of cement by 20% between 1990 and 2010, within the framework of a partnership with WWF International. At the end of 2009, the Group had reduced its em... |