Cement News tagged under: international
Chettinad Cement to add 3Mt capacity by end-201018 December 2009, Published under Cement NewsChettinad Cement Corporation said it will add nearly 3Mt of cement production capacity a year by the end of 2010. The company also plans to set up a greenfield plant in Karnataka where it has acquired 1,500 acres for the project. Addressing a press conference at the launch of the company’s new logo, Mr M.A.M.R. Muthiah, Managing Director, said that over the last three years the company has invested over Rs 1,200 crore to give a production capacity of 7.2Mta. Earlier this year, the company... |
US: construction spending to drop 12.2% in 200918 December 2009, Published under Cement NewsTotal construction spending in the U.S. on an annual basis is forecast to fall 12.2% this year and 5.6% in 2010 before growing 7.6% in 2011 and achieving double-digit growth in 2012, according to the Fourth Quarter U.S. Construction Briefing by IHS Global Insight’s Construction Service. While the construction industry has been showing pockets of resurgence, particularly in the residential sector, nonresidential construction will continue declining for many quarters to come. Commercial const... |
Brazil’s CSN in US$5.6bn bid for Cimpor18 December 2009, Published under Cement NewsBrazil’s steel maker Companhia Siderurgica Nacional (CSN) has launched a takeover bid for Portuguese cement producer Cimpor (CPR.LS) worth about EUR3.86bn, Cimpor said on Friday. Cimpor said CSN was offering EUR5.75 ($8.28) a share for all of Cimpor’s capital, or 672 million shares with a nominal value of 1 euro each. "The offer is part of CSN’s business diversification and internationalization strategy. The acquisition of control in Cimpor will provide access to consolidated markets and ... |
SCG seeks court construction nod, Thailand18 December 2009, Published under Cement NewsSiam Cement Group (SCG), the country’s largest industrial conglomerate, will seek court permission to complete its ongoing projects in Map Ta Phut, president and chief executive Kan Trakulhoon said Friday. "We are going to ask the court to allow projects that are under construction to go ahead and complete construction work partly to help alleviate the impact on the staff we’ve employed,’’ he said. "Construction work should be allowed to proceed because it is not harmful to the environment... |
Bulgarian plant closures18 December 2009, Published under Cement NewsDevnya Cement and Vulkan Cement of Bulgaria are to temporarily shut down all the kilns in two of their plants. These moves are due to the impacts of the economic crisis on the Bulgarian construction industry, the group has announced. Both producers reported a decline in demand of more than 40 per cent for 2009 compared to the previous year. The planned suspension is expected to last the months of December 2009 and January 2010. During this period. Devnya and Vulcan will continue grinding... |
Cemap members support road safety measures, Philippines18 December 2009, Published under Cement NewsThe cement industry urged the government to fast-track the implementation of a more relevant anti- truck overloading management system in the country to ensure road safety and infrastructure preservation.“Just as we want our cement delivered with in full and on time, we also believe that the motorists’ and the public’s safety should be given the highest consideration,” Cement Manufacturers’ Association of the Philippines (Cemap) president Ernesto M. Ordonez said. Cemap strongly supports the... |
Egypt’s Sinai to appeal cancelled licence18 December 2009, Published under Cement NewsEgypt’s North Sinai Cement will appeal a government decision to revoke its licence over start-up delays, and will hold talks with the country’s trade minister on the issue, the company has said. North Sinai Chairman Abdel Hamid Selmy told Reuters his company was days away from securing a 500 million Egyptian pound ($91 million) loan to start operations. The firm was to have built a greenfield cement plant in central Sinai. ’We were surprised by the Industrial Development Authority’s decisi... |
Zambezi Portland meets Ndola Stadium needs16 December 2009, Published under Cement NewsZambezi Portland Cement, the newest entrant into domestic cement sector, has managed to satisfy standards required in constructing the Ndola Stadium, beating Lafarge Cement Plc, the country’s giant cement manufacturing company. And Zambezi Portland Cement is studying the possibility of supplying cement to the Democratic Republic of Congo (DRC) and other countries in the Great Lakes region. Zambezi Portland has produced over 3000t of cement since commencing output a couple of months ago. C... |
Matsiloje plant starts producing cement, Botswana16 December 2009, Published under Cement NewsThe Matsiloje Portland Cement (MPC) has started production. The cement plant is owned by manufacturing guru Mukesh Josh and son Rachit. The two also own Northern Textile Mills (Nortex). Rachit who manages MPC said that they have finally started producing cement after two years of construction. "We finally started production on October so it has been two months since we started producing," he said. The plant is meant to produce 300tpd. But so far it produces 65tpdthough this is expected to ... |
Messobe’s second factory to set up new machinery16 December 2009, Published under Cement NewsNew machinery is to be installed for the second ETB1.7bn plant which the Mesobe Cement Factory constructed beside the existing factory on the outskirts of Mekele, the seat of the Tigray Regional Government. EUR96m, has been obtained entirely as a loan from the Development Bank of Ethiopia; only 15 per cent of this money was required in local currency. The contract to construct the plant and supply the machinery was given to the Chinese Hance Cement Research and Design Institute. "The civil... |