Cement News tagged under: international
Tanzanian construction sector vibrant despite crunch31 December 2009, Published under Cement NewsThe construction industry in Tanzania has remained vibrant, despite the regional economic downturn. However, the Contractors Registration Board (CRB) says that the performance recorded during the year would have been much better were it not for the crisis that slowed the overall growth of the economy. Registrar Boniface Muhegi has told local news sources that the number of projects registered in 2009 was the highest in the last three years. While CRB is satisfied with the overall sectoral pe... |
Indian cos in North, East may post higher profits30 December 2009, Published under Cement NewsThe December quarter may see yet another period of strong numbers from Indian cement producers. However, a disparity between regions is likely. Helped by good volumes, steady demand from government-led infrastructure projects and price increases, companies in the North and East may report higher profits. However, players in South could see slower growth in the light of surplus capacities in the region, price corrections and the recent political crisis in Andhra Pradesh. Companies across re... |
Ash Grove Cement rescinds operation closure30 December 2009, Published under Cement NewsPlanned layoffs that were to affect eight workers at the Ash Grove Cement Company limestone quarry at Blubber Bay have been reversed. “It’s good news,” said Jacqueline Clark, Ash Grove’s director of communications and public affairs. “The layoffs are not taking effect and the reason is that we reached a business agreement with a customer that allows us to avoid the layoffs for the foreseeable future. Our employee reaction, of course, is favourable. They are pleased. It’s very positive.” Cl... |
Heidelberg restarts Israeli unit sale after deal cancelled30 December 2009, Published under Cement NewsHeidelbergCement is seeking a new buyer for its Israeli operations as an agreement to sell to Mashav Initiating & Development Ltd. was dropped because of antitrust concerns. The Heidelberg-based company is evaluating various options and will receive 22.5 million Israeli shekels (US$5.9m) in compensation because of the cancellation, it said in a statement today. HeidelbergCement and Mashav terminated the agreement, valuing the operations at EUR120m ($172m), after opposition from Israeli an... |
President attends launch of largest southern cement plant30 December 2009, Published under Cement NewsPresident Nguyen Minh Triet attended an inauguration ceremony December 28 for the Fico Cement Plant held by the Building Materials Corporation No.1 (FICO) in Tan Chau District in the southern province of Tay Ninh. President Nguyen Minh Triet speaks at the inauguration ceremony of the FICO Cement Plant on December 28 in the southern province of Tay Ninh. With total invested capital of VND3 trillion (US$157m), the plant is the biggest producer of cement and clinker in the southern region. ... |
Lafarge Surma signs MoU with Bengal Holdings30 December 2009, Published under Cement NewsLafarge Surma Cement (LSC) Ltd recently signed Memorandum of Understanding (MoU) with Bengal Holdings Ltd. Under this agreement, Bengal Holdings will exclusively use Lafarge’s Supercrete cement brand in all of its projects., LSC will also help enhancing and partnering Construction Safety at the company’s sites. Masud Khan, Finance Director of Lafarge and Abdullah AI Ahsan, Group Chairman of Bengal Group signed the MOU on behalf of their respective companies. Khan said that Lafarge would co... |
UAE companies see improvement in next 24 months30 December 2009, Published under Cement NewsUAE cement companies yesterday said the performance in 2010 would not be anyway better than the past 12 months. Industry officials told Emirates Business that it would take another 18 to 24 months for the situation to improve in the UAE. Cement production by members of UAE Cement Producers Association (CPA) dropped by 34 per cent in November 2009 compared to January 2009, said a senior official from the association. While CPA members in January 2009 produced 17Mt of cement, by November the... |
Vietnamese cement plant officially opened29 December 2009, Published under Cement NewsPresident Nguyen Minh Triet attended an inauguration ceremony December 28 for the Fico Cement Plant held by the Building Materials Corporation No.1 With total invested capital of VND3 trillion (US$157 million), the plant is reportedly the largest producer of cement and clinker in the southern region. At the ceremony, President Triet presented the Independent Order of first class to the Building Materials Corporation No.1 under the Ministry of Construction. Speaking at the ceremony, Presiden... |
Sinoma expands production base29 December 2009, Published under Cement NewsChina National Materials Co Ltd (Sinoma) is increasing its shareholding in Gansu Qilianshan Cement Group Co Ltd to further expand capacity, the cement equipment and engineering services provider said in a statement on its website yesterday. Sinoma plans to buy a 51 per cent stake in Gansu Qilianshan Holdings Co, which is the largest shareholder of the Shanghai-listed Qilianshan Cement with a 12.78 percent stake, for 333 million yuan. The deal is by far the largest in China’s cement indust... |
Israeli deal for Hanson called off29 December 2009, Published under Cement NewsClal Industries and Investments, a subsidiary of Nochi Dankner’s IDB group, has called off the merge of cement company Hanson Israel Ltd, Clal’s joint chief executive Zvi Livnat announced yesterday. The NIS 450 million acquisition was to have been made through Mashav Initiative and Development, a subsidiary of Clal Industries and Investments. In a statement issued by the company, Clal said the decision was made after a thorough review of the move that the company has been conducting over the... |