Cement News tagged under: international
Holcim in additional Haiti contribution23 February 2010, Published under Cement NewsHolcim announced that in an effort to provide additional assistance to the people of Haiti, the company will match 100 per cent of individual employee contributions made to the American Red Cross within the next 90 days. These contributions will be sent to the American Red Cross Haiti Earthquake Relief. "Our employees historically have given generously when there is a need," said Bernard Terver, President and CEO of Holcim (US) Inc. "While donations and support have been helpful, it is clea... |
Pioneer Cement reports loss, Pakistan23 February 2010, Published under Cement NewsPioneer Cement Ltd (PCL) has reported a loss after tax of Rs 238.617 million for the half year ending December 31, 2009. According to financial results sent to KSE here Monday, the pre- tax loss of the company has jumped to Rs 388.177 million during the period under review as loss per share went up to Rs 1.20. |
CSN fails in bid to buy stake in Cimpor - report23 February 2010, Published under Cement NewsBrazilian steelmaker CSN failed in its bid to buy 33.3 per cent plus one share of Cimpor after some large shareholders refused to sell, two Portugal-based newspapers said in their online editions on Monday. CSN only gathered firm offers for about 10 per cent of Cimpor’s stock, well below its target of at least a third plus a share, Diario Economico and Jornal de Negocios reported, without saying how they obtained the information. Portuguese investor Manuel Fino’s Investifino holding compan... |
Cemex associate raised US$420m for the sale of quarries23 February 2010, Published under Cement NewsThe Ready Mix USA LLC joint venture between Ready Mix USA and Cemex, in which Cemex has a 49.9% interest, has sold 12 active quarries and certain other assets to SPO Partners & Co., a San Francisco-based investment vehicle, for US$420m. The proceeds will be used mainly to reduce the debt held by the joint venture, but there is also expected to be a payment of approximately US$100m each to Cemex and its joint venture partner, Ready Mix USA, taking close to 50% of the proceeds. The opera... |
Kuwait development plan for ports and cities22 February 2010, Published under Cement NewsThe Kuwait government has set aside a total of $108 billion to develop new ports and cities, disclosed Wael Jassem Al-Sagar, Co-chairman of the Kuwaiti side as he addressed the 15th joint meeting of Japan-Kuwait Businessmen Committee held yesterday at the Kuwait Chamber of Commerce and Industry (KCCI). The joint meeting was inaugurated by Kuwait’s Minister of Finance Mustafa Al-Shamali along with Teruhiko Mashiko, Senior Vice Minister of Japan’s Economy, Trade and Industry. The Japan-Kuwait... |
UAE prices continue to vary despite MoE advisory22 February 2010, Published under Cement NewsFactories in the UAE are continuing to sell cement at varying prices despite a move by the government against raising the minimum price, Emirates Business reveals. Last week, cement manufacturers in the UAE were advised by the Ministry of Economy not to increase the minimum price of loose cement. Following the announcement, the UAE Contractors’ Association had called on cement producers in the country to withdraw their earlier decision of increasing the minimum price of loose cement to Dh2... |
Slathia lays foundation for JK grinding plant, India22 February 2010, Published under Cement NewsThe Minister for Industries and Commerce, SS Slathia laid the foundation stone for a grinding and packaging plant belonging to JK Cements. He was accompanied by the Minister of State for Industries and Commerce, Dr Manohar Lal Sharma. The plant is expected to be completed in 16 months with a capacity of 300tpd. Addressing the gathering, Slathia said the plant will generate employment and help meet the increasing demand of cement for the construction of development works and other private... |
Argos to form joint venture with Kersten, Suriname22 February 2010, Published under Cement NewsCementos Argos S.A, Colombia’s leading cement producer, has signed a US$3.2m joint venture agreement with C. Kersten en Co. N.V., engaged in cement production. With this partnership, Kersten will benefit from Cemargos’ knowledge and technology, while the Cementos will have a port in Suriname, as well as a warehouse and packaging facility. |
Holcim Indonesia net profit jumps22 February 2010, Published under Cement NewsThe net profit of the country’s third-largest cement maker PT Holcim Indonesia shot up by 217% to Rp896 billion (US$97.4 million) from the previous year on larger sales and foreign exchange gain. The Indonesian unit of the Swiss-based cement giant Holcim Ltd posted Rp5.9 trillion in sales in 2009, up from Rp5.3 trillion in the previous year. Demand for cement rose with brisker construction and property industry to follow the economic recovery, the company said in its financial report. It ... |
Saudi firms say no supply crisis on local market22 February 2010, Published under Cement NewsSaudi cement companies said that there’s no supply crunch on the local cement market and that existing plants are capable of meeting demand over the next ten years without the need for setting up new factories, Abha-based Al Watan daily reports Saturday. The resumption of cement exportation is a strategic option for cement companies and the 10 Saudi riyals ($2.67) price of one bag of cement set as an export condition by the Saudi Ministry of Commerce and Industry does not represent any prob... |