Cement News tagged under: international
Supreme Court refuses to lift ban, Bangladesh29 March 2010, Published under Cement NewsThe Supreme Court has refused to lift its order halting quarrying and supply of limestone from the forests of Meghalaya to Lafarge’s cement plant in Bangladesh despite India’s plea that judicial stay will financially ruin its neighbour. According to our correspondent, the court remained unmoved Friday by Attorney General GE Vahanvati’s plea that February 5 stay order would affect cement production that had "created huge direct and indirect employment in Bangladesh". This, he pointed out co... |
Gresik still interested in acquiring Semen Baturaja, Indonesia29 March 2010, Published under Cement NewsPT Semen Gresik Tbk is still interested in PT Semen Baturaja and is continuing feasibility and corporate action studies after the cancellation of the acquisition scheme of PT Semen Padang. President Director of Semen Gresik Dwi Soetjipto said both cement producers were once on the acquisition studies but the company officially called off the acquisition was Semen Padang. "We have long studied Semen Kupang and if not mistaken the Asset Management Company (PPA) has made tender, but with the ... |
M’bishi Materials, Tokuyama join move to cut capacity29 March 2010, Published under Cement NewsMitsubishi Materials Corp and Tokuyama Corp, the third and fifth-ranked cement producers, are following industry leader Taiheiyo Cement Corp in streamlining production capacity. Mitsubishi Materials aims to cut its capacity 7% from 9.48Mt to 8.84Mt. Although it operates four plants in Japan, the 640,000t cut will come solely from its Aomori Prefecture site. With the firm expected to produce 7.3Mt in fiscal 2010, its plant utilization rate will top 80%, compared with the 70% range at presen... |
Ambuja Cements commissions new grinding unit29 March 2010, Published under Cement NewsAmbuja Cements commissioned a 1.5Mt capacity grinding unit at Nalagarh on Saturday, making it the company’s 12th such plant in the country and the third in the state of Himachal Pradesh. Chief Minister Prem Kumar Dhumal who inaugurated the plant said during the occasion that the environment and employment were two top priorities for the government. Construction of the plant started in January 2009 and has been completed just before the excise exemptions allowed for the state expire three d... |
Diamond Cement to establish jetty, Ghana29 March 2010, Published under Cement NewsDiamond Cement Ghana Limited (DCGL) at Aflao is to put up a US$100m jetty at the coast of Aflao. It would facilitate the delivery of the importation of the company’s raw material mainly from the Far Eastern countries. The company currently receives its imports particularly clinker through the port in Lome, Togo. Mr Chitti Babu, General Manager of DCGL in an interview with the Ghana News Agency at Aflao said a survey for a suitable location had been completed while feasibility studies were a... |
India: March sales likely to see monthly rise29 March 2010, Published under Cement NewsA rise in demand from real estate and construction companies is likely to increase Indian cement sales by 12% to 20Mt this month compared with the same period last year. Cement sales grew 11% in January and 4.3% in February. Cement companies are likely to announce the sales data on March 31. “Our initial estimates show that March sales will be higher compared with the first two months of the current year,” said Angel Securities cement analyst Rupesh Sankhe. He said sales could go up by 12% ... |
BUA Group invests further in Nigerian cement interests29 March 2010, Published under Cement NewsOne of Nigeria’s fledging and fastest growing indigenous conglomerates, BUA Group, has revealed plans to inject US$50m into Sokoto Cement Company (also known as Cement Company of Northern Nigeria, CCNN) as part of its expansion and upgrade of the factory to boost its output, the company said yesterday. BUA had last year acquired the majority stake in Sokoto and Okpella Cement Companies in a deal worth over N15bn. The board of directors of Sokoto Cement Plc, at a recent board meeting where A... |
Ohorongo conducts first blast of quarry, Namibia29 March 2010, Published under Cement NewsOhorongo Cement Factory last week conducted its first blast in the Sargberg quarry north of Otavi, preparing the first quarry ground for mining. Erastus Shilongo, blasting supervisor of Ohorongo Cement, ignited the 2 150 kg water gel explosives distributed over 144 holes. The blast prepares the first 600m2 of quarry ground for mining. A statement issued on Friday by the company said last Tuesday’s blast distinguishes the quarry as the first link to become operational in the productive cha... |
Sugar Creek quarry expansion edges closer, USA29 March 2010, Published under Cement NewsA Lafarge underground mining operation inched closer to expansion in Sugar Creek on Monday night. The city’s board of aldermen voted, on first reading, in favour of two ordinances that would allow the LaFarge to expand its limestone mine. The first ordinance re-zones an underground area for the project. The second ordinance grants Lafarge a special-use permit for blasting in that area. Both ordinances must pass a second reading for the project to secure approval. Residents oppose mine e... |
Russia: government to sell stake in Iskitimtsement26 March 2010, Published under Cement NewsThe Economic Development Ministry plans to raise over RUB500m (US$16.9m) from selling government stakes in five companies in 2010, the ministry said in a report Thursday. Specifically, the funds are expected to be raised from selling a 25.5% in cement producer Iskitimtsement, a 25.1% stake in power producer Territorial Generating Company-5 (TGC-5), 13.1% in insurer Rosgosstrakh, 100% in subway construction company Mosmetrostroy, and 100% in salt producer Tyretsky Solerudnik. Alexei Uvarov,... |