Cement News tagged under: international
High Court orders stay on Nirma cement plant17 March 2010, Published under Cement NewsThe Gujarat High Court on Tuesday ordered a stay on all construction activities at the Nirma Ltd’s upcoming cement plant in Mahuva taluka of Bhavnagar district while hearing a petition by farmers opposing it. A division bench of Chief Justice Mr S J Mukhopadhaya and Justice Mr Akil Kureshi further ordered that the stay would become effective from Thursday (March 18) following a request by Nirma Ltd’s lawyer Mr Mihir Thakore, who said that his clients needed a day’s time to finish constructi... |
Dominican government works spur 12% growth17 March 2010, Published under Cement NewsCement consumption in the Dominican Republic increased from 429,500t to 482,664t in January and February compared with the same two months a year ago, translating into a 12.4% rise. The figures appear in Cementando, a publication of the Dominican cement plants grouped in Adocem, whose executive director is Julissa Báez. The rise in consumption stems mostly form public works such as roads to interlink cities nationwide. Since yearend 2009 and the start of this year the monetary measures ad... |
Peru’s court reinstates tariffs on cement imports17 March 2010, Published under Cement NewsPeru’s Constitutional Court declared that the lawsuit filed by Cementos Lima had grounds and was sustained, and voted for the reestablishment of the 12% tariff for cement. The court explained that the norm given by the government in October 2007 “affected the principle of equality,” that is, it was discriminatory in favor of some companies. Attorney Joseph Andrade, from Rubio, Leguía, Normand and Associates, explains that the Constitutional Court considers that the equality in the market o... |
Indocement to raise production by 1.5Mt16 March 2010, Published under Cement NewsPT Indocement Tunggal Prakarsa Tbk looks set to raise its production by 1.5Mta as of May when its two new cement plants start production. Indocement corporate secretary Dani Handayani said on Monday the construction of the two new cement mills cost an estimated US$35m. She said the company was also planning to build another cement mill in Citeureup, West Java, with a production capacity of 1.5Mt. The new cement mill is expected to start production in 2012. Indocement has set itself the ta... |
PPC sees 2010 capex at ZAR850-950m16 March 2010, Published under Cement NewsSouth Africa’s biggest cement producer, PPC expects capital expenditure in 2010 to be between ZAR850-950m (US$114.8m) and to slow in 2011 to 800-900 million rand. Pretoria Portland Cement (PPC) said on Tuesday in a presentation to investors that 2010/2011 replacement capex was under review due to lower activity in the country. The cement company, which supplies infrastructure projects such as Eskom’s Medupi power station, said to date it has supplied 70,000t of cement to Medupi power stati... |
Shree commissions grinding unit16 March 2010, Published under Cement NewsShree Cement today announced commissioning its 1.8Mta clinker grinding unit in Haridwar. The clinker grinding unit is located at Akbarpur in Tehsil Laksar, Shree Cement said in a filing to the Bombay Stock Exchange. |
Shiva Cement board to discuss setting up of power plant16 March 2010, Published under Cement NewsShiva Cement today said its board will meet on March 26 to consider proposal for setting up of a 25MW captive power plant. The board would also consider allotment of 10 million securities to its promoter group, Shiva Cement said in a filing to the BSE. |
Lafarge says it pledged tribal land, Bangladesh16 March 2010, Published under Cement NewsLafarge, whose mining activities for extracting limestone were stalled last month by the Supreme Court, has admitted that it mortgaged tribal land in Meghalaya to international banks to secure a loan of $153 million. The mortgage is meant to finance its US$255m plant in Bangladesh. However, it said the mortgage of the land as security to offshore lenders was approved by RBI in March 2005. The lenders include the Asian Development Bank, the International Finance Corporation, Deutsche Investi... |
India prices set to rise15 March 2010, Published under Cement NewsCement prices across various markets in India are likely to go up by about INR20-25/bag before end of March. Currently, the retail price of a bag of cement is at INR275 in Mumbai, INR260-270 in Kolkata, INR270-280 in Kerala, INR240-240-250 in Chennai and INR170-190 in Andhra Pradesh, according to industry sources. “The price has gone up by INR10-20 a bag across national markets in the last three/four weeks. We are expecting this trend to continue. There is also some pressure from the Gover... |
Cement Australia to increase storage capacity15 March 2010, Published under Cement NewsCement Australia will spend A$30m over three years to knock down two smaller silos and build a larger one, increasing overall storage capacity at the Devonport wharf. Loading facilities would also be expanded. A shortfall in Cement Australia’s current storage capacity last week cost the company A$30,000 a day in charges while a ship waited to load bulk cement. Cement Australia general manager supply chain Murray Adams said the A$30m investment showed the company had confidence in the Railt... |