Cement News tagged under: international
Standard Bank and UNEP collaborate on the Africa Carbon Asset Development (ACAD) Facility05 March 2010, Published under Cement NewsProject developers, bankers and others setting up carbon projects as part of the fight against climate change have a new place to go for help. ACAD, the first facility dedicated to boosting the African carbon market, has launched by awarding several new grants. The Facility is a partnership between the United Nations Environment Programme (UNEP), Standard Bank and the German Government’s International Climate Initiative, administered by its Federal Environment Ministry. ACAD supports Afr... |
Brazil seeks limits to purchase of Cimpor unit04 March 2010, Published under Cement NewsBrazil’s antitrust regulator on Wednesday imposed restrictions on the purchase of minority stakes in the local unit of Portugal’s Cimpor by two rivals in a bid to protect industry competition. Brazilian rivals Votorantim Cimentos and Camargo Correa Cimentos have acquired 61 per cent of Lisbon-based Cimpor through private agreements since January. That allowed the firms to remain Brazil’s largest and fourth-largest cement makers, respectively, by thwarting steelmaker CSN’s expansion into cem... |
Thailand: SCG upbeat after nod for six projects04 March 2010, Published under Cement NewsSiam Cement Group, the country’s largest industrial conglomerate, foresees a brighter outlook for its projects in the Map Ta Phut area following the Central Administrative Court’s nod for six SCG projects to resume construction work. President and CEO Kan Trakulhoon yesterday said the company was confident that the projects approved by the Central Administrative Court a few weeks ago would operate smoothly in compliance with constitutional law. The six SCG projects allowed to resume constr... |
Lafarge’s limestone mining problem likely to hurt Indo-Bangla trade ties04 March 2010, Published under Cement NewsThe Indo-Bangla trade relation that received an impetus after the recent visit of Prime Minister Sheikh Hasina to New Delhi stands to suffer setback due to abrupt suspension of limestone mining by Lafarge in the Indian state of Meghalaya due to court intervention. The Indian Supreme Court February 5 last restrained the French cement giant, Lafarge, from carrying out mining of limestone at east Khasi Hills in Meghalaya for its integrated cement plant at Chhatak in Sunamganj saying the extrac... |
Cementos Bio Bio sees little financial impact from quake04 March 2010, Published under Cement NewsChilean cement company, Cementos Bio Bio SA, said Wednesday that based on its preliminary findings it doesn’t expect Saturday’s deadly earthquake to affect its financial situation. "All of the companies in the group have insurance that covers damage to their installations and business interruptions," the company said in a filing with the Santiago Stock Exchange. Cementos Bio Bio said it is working to bring its largest cement factory in Curico online after it suffered minor damage, while it... |
CRH sees sharp reductions in Irish, Finnish and Ukrainian cement volumes03 March 2010, Published under Cement NewsCRH’s turnover fell by 16.9% in 2009 year to €17,373m and the EBITDA by 32.4% to €1,803m. The trading profit dropped by 48.1% to €955m and, after a net interest charge 13.4% lower at €297m, the running pre-tax profit was down by 52.9% to €732m. The tax charge dropped by 63.4% as higher taxed US earnings fell more sharply than elsewhere and the reduction in the net attributable profit was limited to 52.8% at €598m. Net debt at the end of December was down by 38.9% to €3,723m, helped by t... |
Dangote signs deals with Siemens03 March 2010, Published under Cement NewsNigeria’s Dangote Cement signed a US$95m deal with a unit of Germany’s Siemens AG on Tuesday for three gas turbines. Dangote Cement, Nigeria’s largest cement producer, said Siemens International Turbomachinery would provide the turbines for its 5Mta Ibese cement plant in Ogun state, which is currently under construction. "The three gas turbines are expected to generate 102MW of electricity for the cement plant. Construction of the plant, which began in late 2009, is expected to be complete... |
Shree Cement sales in February up by 5%03 March 2010, Published under Cement NewsShree Cement reported a 5.52% growth in sales for the month of February 2010 at 78,3000t as compared to 74,2000t in the same month last year. Shree Cement in a release said that during the April to February period of the current fiscal, total sales of the firm stood at 843,4000t up by 21.84% over the corresponding period last fisca |
Lafarge Egypt considering cement licence bid03 March 2010, Published under Cement NewsLafarge Egypt will only bid for one of eight new cement licences if the government guarantees its energy needs as well as a suitable site for the company. "We are waiting to see the conditions for the new licences," Ahmed Shebl, managing director of Egyptian unit of the world’s biggest cement maker, told Reuters on Tuesday. "In 2007, they wanted investors to supply their own energy needs. This won’t be attractive for us. We have five production lines served by a single electric grid. I can... |
ACC despatches down 2.3% in Feb03 March 2010, Published under Cement NewsACC Ltd, the country’s largest cement producer, today said its despatches declined 2.3 per cent at 1.71Mt in February 2010 compared to 1.75Mt during the corresponding month previous year. The company, in which Holcim holds more than 46 per cent, said the production dipped 1.2 per cent at 1.72Mt in the month, whereas it was 1.74Mt in February 2009, a statement said. |