Cement News tagged under: international
Lafarge Ciments forges ahead with expansion, Morocco25 February 2010, Published under Cement NewsLafarge has decided to press ahead with an expansion plans in Morocco after sales began to pick up in the second half of 2009, the company said on Wednesday. Lafarge Ciments, a listed subsidiary of Lafarge and its Moroccan partner SNI, reported a 10 per cent gain in 2009 net income to MOD1.86bn. Operating profit climbed 19 per cent to MOD2.73bn. Lafarge Ciments and its rivals Holcim Maroc and Ciments du Maroc grappled with a stagnant market last year after years of growth fed by infrastruc... |
Groundbreaking for new bulk cement terminal, Guam25 February 2010, Published under Cement NewsCementon Micronesia and the Port Authority of Guam, along with local and federal dignitaries, and dignitaries from the Asian region, celebrated the groundbreaking of its state of the art bulk cement terminal adjacent to Golf Pier at the Port of Guam. With up to 26,000t of storage capacity provided through four separate silos and distributed through four efficient truck discharge lanes, Cementon Micronesia will have the ability to provide multiple types of cement and cementitious materials t... |
Twiga Cement awards its distributors, Tanzania24 February 2010, Published under Cement NewsTanzania Portland Cement Company Limited (TPCC) has attributed its successes in providing quality cement to consumers, countrywide, to its 22 local distributors. TPCC claims to command about 50 per cent of the cement market share in Tanzania, with 90 per cent of buildings reportedly constructed using the firm’s Twiga brand. It produced over 90,000 tonnes of cement, an equivalent of 7,500 tonnes monthly, last year. "Twiga cement is available in every corner of the country much of this s... |
Cement industry seeks cut in VAT24 February 2010, Published under Cement NewsThe Indian cement industry is calling for the government to bring value added tax (VAT) on cement on a par with other building materials such as steel in the Budget. It also said that it should scrap import duty on coal, gypsum and other fuels. However, ACC LtdManaging Director Sumit Banerjee stated that in relation of cement compared to other building materials, there is some persistent bias. This includes equalising the rate of VAT on cement to that on steel and other building materi... |
Argos puts together Caribbean & Central American network24 February 2010, Published under Cement NewsCementos Argos, Colombia’s largest cement company, said Tuesday its consolidated net profit in 2009 almost tripled to COP210bn (US$109m) from the COP71bn reported in 2008. Cementos Argos and its subsidiaries own plants in the US, Panama, Haiti and the Dominican Republic, and it recently signed an agreement to start operating in Suriname. Argos recently acquired a 50% stake in Surinam group Vensur and believes it will need to pump US$3.5m into the latter over the period 2010-2012 to incre... |
Indonesian sales up 13 per cent24 February 2010, Published under Cement NewsCement sales in Indonesia rose 13 per cent to 3.36Mt in January from 2.97Mt in the same month last year as the country bounced back from the global financial crisis. Analysts said cement sales are expected to grow by about the same pace as the economy this year after flat growth last year. Cement sales in the country grew by just 0.9 per cent in 2009 when the domestic consumption reached 38.41 million tons, the newspaper Jakarta Globe said. Katarina Setiawan, chief researcher of PT Kim... |
Lafarge wins another top business award for Hope Rail Project24 February 2010, Published under Cement NewsA pioneering rail project to cut cement deliveries by road has secured a second national prize for Lafarge Cement at the Eversholt Rail Business Awards last week. Lafarge Cement’s £20 million rail infrastructure programme at its Hope Works in Derbyshire has been announced the winner of the VTG Rail Freight Excellence Award, just months after it scooped the top prize at the Rail Freight Group’s national awards. Launched in 1998, the Rail Business Awards are the longest established initiat... |
Lafarge to get Brazilian cement assets24 February 2010, Published under Cement NewsLafarge said it will receive Brazilian cement assets in exchange for the sale of its 17.28% stake in Cimpor, to Brazilian conglomerate Votorantim. The terms of payment depend on the outcome of the public takeover bid for Cimpor, Lafarge said. With these assets, which Lafarge didn’t detail, Lafarge’s annual cement production in Brazil is expected to reach 7Mt. Lafarge said the acquisition of the assets will have a positive impact on net earnings per share and return on capital employed,... |
Vietnam producers to finalise merger in 1Q24 February 2010, Published under Cement NewsThe merger of two listed cement producers, Ha Tien 1 and Ha Tien 2, is expected to be finalised in the first quarter of this year, a representative of Ha Tien 1 Co confirmed yesterday. Under the merger plan, Ha Tien 1 will exchange 88 million of its shares for Ha Tien 2 shares on a 1:1 ratio. "Barring unforeseen circumstances that might have an impact on the merger, we are trying to get it finalised during the first quarter," said Huy Hung of Ha Tien 1’s accounting department. "We have a... |
PPC says demand to drop this year, sees recovery in 201124 February 2010, Published under Cement NewsPretoria Portland Cement Co, Africa’s largest producer of the building material, said demand in southern Africa will decline this year with a recovery in regional orders expected in 2011. This year “is probably going to be weaker than 2009,” Chief Executive Officer Paul Stuiver said in an interview in Johannesburg today. “We’re only seeing a recovery in 2011.” Infrastructure projects announced in the South African budget on Feb. 17 will be “terribly exciting” for PPC over the long-term, ... |