Cement News tagged under: international
Govt proposed to not pass Nghi Son Corp project01 February 2010, Published under Cement NewsThe Vietnamese Ministry of Construction has proposed the government not allow Nghi Son Cement Corporation to build a cement plant in Ho Chi Minh City. The plant is unsuitable with the government-approved cement development planning until 2010 and a vision through 2020, under which the construction of new cement blast furnace plants and grinding stations that are far from domestic clinker production stations will be banned, the Dau Tu newspaper reported Friday, citing the ministry. In fact,... |
Camargo Corrêa withdraws bid for Cimpor01 February 2010, Published under Cement NewsBrazilian construction firm Camargo Corrêa has withdrawn its merger bid for Portuguese cement company, the latter announced in a statement on the site of Portuguese stock market regulator CMVM on Friday. "Cimpor hereby informs that it has received today a letter from Carmargo Corrêa informing...its decision to withdraw the preliminary and non-binding merger proposal presented on January 13th 2010, which was then communicated to the market by CIMPOR" says the statement. Camargo Corrêa said ... |
UAE firms told to comply with new price structure01 February 2010, Published under Cement NewsAction could be initiated against cement factories that fail to comply with the new price structure finalised by the Cement Manufacturers Association, a senior official has warned. The new price structure for cement sales in the UAE comes into effect from tomorrow. According to Abdullah Mohammed Al Sayah, President of Cement Factories and Producers Group, all cement plants in the UAE will follow the new price structure. "All UAE-based cement producers have signed a memorandum of understand... |
Gresik growth projections, Indonesia01 February 2010, Published under Cement NewsImpending energy price and electricity tariff hikes are likely to hinder the Indonesian cement industry`s growth this year, PT Semen Gresik President Director Dwi Sucipto said. "The global economic recovery will prompt oil and coal prices to increase and this will burden the cement industry this year," he said at the weekend. Energy cost accounted for 40 per cent of Semen Gresik`s production cost so that the rising energy prices would no doubt influence its performance, he said. Semen Gre... |
Protest against Hetauda Cement, Nepal01 February 2010, Published under Cement NewsLocals have halted cement distribution saying that Hetauda Cement Industry did not control dust emitted by its factory, reports RSS. As part of pressing the company, they staged a sit-in at the main gate of the cement industry on Saturday. The industry, they say, has not acted on its pledge to control dust. "The cement industry has deceived us time and again. Thus, we have stopped its distribution," said Madan Rimal, chairman of struggle committee. "If the company fails to manage its dust,... |
Lafarge to increase capital in Jordan01 February 2010, Published under Cement NewsLafarge Chairman and CEO Bruno Lafont stressed the group’s desire to increase investments in Jordan and the Middle East. During a meeting on Saturday with Jordan Lafarge Cement Factories board chairman Abdul Ilah Khatib and the company’s staff, Lafont stressed the need to draw up long-term plans and strategies so as to achieve the company’s vision and objectives. He also visited the Fuheis Cement Factory and affirmed the need for better services and products, calling for finding solutions ... |
TPI Polene 4Q net profit01 February 2010, Published under Cement NewsTPI Polene (TPIPL) announced a high 4Q09 net profit of Bt2,866mn (EPS Bt1.44), up 443% QoQ and from the previous year’s loss of -Bt92m. If excluding extra items, a gain from debt repurchase of Bt2,483mn and a forex loss of -Bt44m, TPIPL would have posted a disappointing normalised profit of just Bt344mn (EPS Bt0.17), up 10% qoq and 107% yoy. TPIPL sales were down to Bt5,200mn (-4% QoQ, -4% yoy) even though domestic cement demand was up and LDPE petrochemicals were higher this quarter. The gro... |
Dalmia Cement hikes stake in OCL to 45%01 February 2010, Published under Cement NewsDalmia Cement has scaled up its holding in OCL by 23% to 45% through inter-se transfer. It has bought a 22% stake, which was held by its chairman YH Dalmia in his personal capacity. “There will be no open offer as it was exchange of shares amongst the promoter group,” Puneet Dalmia, son of YH Dalmia told ET. |
Lafarge given green light for expansion01 February 2010, Published under Cement NewsLafarge has been given the go-ahead to expand its operations in El Paso County, despite opposition from neighbours of the proposed expansion site. El Paso County Commissioners approved the Special Use Permit by a 3-0 vote Thursday evening. The land where Lafarge has plans to expand its asphalt and concrete operations sits across I-25 from Pikes Peak International Raceway and has been a dubbed a battlefield. Some residents have been vehemently opposed to the proposed project. "Lafarge is ... |
Taiwan Cement expands in China01 February 2010, Published under Cement NewsAfter formerly acquiring the cement business of the China-based Prosperity International Holding in March, Taiwan Cement Corporation, Taiwan’s leading cement producer, will see its territory stretched from China`s coastal provinces to inner lands. Taiwan Cement chairman and president Leslie Koo noted the expansion of the territory in China will help his company secure much more profits this year. Koo said Taiwan Cement will see this year`s quarterly earnings from China keep the same high le... |