Cement News tagged under: international
Venezuela mulls action against Cemex15 March 2010, Published under Cement NewsVenezuela is considering legal action to force Cemex to return ships it removed from the country during a nationalisation dispute, Oil Minister Rafael Ramirez said on Friday . He also said Venezuela was close to a deal to compensate Holcim and Lafarge which were also affected by the government’s 2008 takeover of the industry. "We are close to announcing a deal with Lafarge and Holcim," Ramirez told reporters at a briefing that mainly touched on oil industry matters. "We are taking legal a... |
Workers at St. Marys Cement strike15 March 2010, Published under Cement NewsDozens of workers set up picket lines outside the St. Marys Cement plant in this eastern Ontario town on Sunday over proposed changes to their pension plan, local press reported. The walkout follows two months of intensive negotiations between the Canadian Auto Workers (CAW) and the Toronto-based company. Currently, the workers have a defined-benefit plan, meaning the amount of their pensions is fixed. CAW national representative Keith Osborne said the company wants to change the plan str... |
Pakistan to buy 4Mt coal in 201015 March 2010, Published under Cement NewsPakistan’s cement industry will import just over 4Mt of steam coal in 2010 from South Africa and Indonesia, up from around 3.7-3.8Mt last year, Pakistani and Indian coal trading sources said. Credit difficulties made coal imports extremely difficult in 2008 because most suppliers were unable to accept letters of credit issued by Pakistan banks, but business has returned to normal, the sources said. "Pakistan’s cement sector is strong - there is very good export demand from Abu Dhabi, Sri L... |
Land acquired to set up cement plant, Kenya15 March 2010, Published under Cement NewsAn Indian-based company has formally acquired 650 acres of land to set up a cement plant in Pokot Central in the North Rift region, Kenya. Cemtech/Sanghi Group CEO Rawal Jayesh said his company had bought the land at Sebit area in Sigor Division. About 100 pastoralists families who were moved from the site have already received their money. Mr Jayesh said the company plant will have a production capacity of 120,000tpa of cement. He said construction of the cement plant will commence in th... |
Dalmia Cement to consider restructuring, India15 March 2010, Published under Cement NewsDalmia Cement (Bharat) Ltd has announced that a meeting of the Board of Directors of the Company will be held on March 18, 2010, inter alia, to consider a restructuring proposal of the businesses of the Company and its subsidiary Companies. |
Dalmia decides on capacity additions, India12 March 2010, Published under Cement NewsTo supplement its manufacturing capacity at the upcoming cement plants in Madhya Pradesh, Himachal Pradesh and Meghalaya, Dalmia Cement, has decided to raise INR1200 crore to part financing its expansion plans and doubling the capacity in the next four years. The company is in the process of implementing a INR4,500 crore plan to raise annual production capacity to 20Mt from the current 10Mta by 2014. The Dalmia Cement Ventures, the investment vehicle floated by the company to raise funds to... |
CTI to acquire minority stake in Semen Batam plant, Indonesia12 March 2010, Published under Cement NewsCement and clinker trading company, CTI Group Inc, has agreed to acquire a minority stake in Indonesian cement producer Bosowa’s Semen Batam plant. The arrangement gives Jordan-based CTI its first investment in one of Southeast Asia’s fastest-growing markets. Dubai-based Arqaam Capital arrange the transaction on behalf of CTI. Executives from CTI and Semen Bosowa formalised the contract signing at a ceremony on Thursday. “Bosowa’s Semen Batam plant was producing around 50 per cent less tha... |
Jurong to rationalise operations, Singapore12 March 2010, Published under Cement NewsWith the Holcim group firmly in control, Singapore-based Jurong Cement Ltd (JCL) is moving to restructure its ready-mixed concrete business as part of a rationalisation of operations. The move comes soon after the conclusion of a tussle for control of the company. ’With a view to rationalising the businesses of Jurong Cement group of companies, the company will be restructuring the ready-mixed concrete business and streamlining its staffing requirements,’ JCL said in a statement yesterday.... |
Sanghi to raise funds for expansion12 March 2010, Published under Cement NewsGujarat-based Sanghi Industries, part of the Sanghi Group, plans to raise about INR660 crore in debt for part-financing an expansion programme that will almost triple its current capacity. Sanghi, which currently operates a 2.6Mt cement plant in Kutch, Gujarat, has estimated the expansion programme to cost INR1,100 crore. Of this, about INR440 crore would come through equity, director Alok Sanghi told ET. “We are revisiting our earlier plans that had been suspended due to the recession. Se... |
Bangladesh cement makers poised for expansion12 March 2010, Published under Cement NewsPlans for the expansion of the Bangladesh cement industry are underway, thanks to the government’s move to materialise its huge plan of building big infrastructure projects such as Padma Bridge, elevated expressway and other road projects. The Daily Star reports that the industry has been growing at 10-12 per cent for the past several years, except for 2007 when demand for this construction material was at its lowest. “We expect cement consumption to grow by at least 15 per cent in the nex... |