Cement News tagged under: international
Shiva Cement receives approval for expansion project14 December 2009, Published under Cement NewsOrissa-based Shiva Cement on Monday said it has received sanction letter from the state government for an additional 25.69 acres of land for implementing its expansion project. The company has already received environment clearance, water permission, coal linkage and no objection certificate from Gram Sabha, Shiva Cement said in a notification to the Bombay Stock Exchange (BSE). |
Holcim to prepare plans for NZ plant in 201011 December 2009, Published under Cement NewsHolcim Ltd said it will consider plans next year for a new plant on New Zealand’s South Island to reduce reliance on imports from Asia. Detailed costings will be prepared for the 880,000tpa plant near Oamaru, reflecting conditions set by the nation’s Environment Court in August, Holcim New Zealand Ltd. said in an e-mailed statement today. A final investment proposal is unlikely to be submitted to the parent company before late 2010, capital projects manager Ken Cowie said. Holcim makes abo... |
Dubai crisis hits JK Cement’s UAE foray11 December 2009, Published under Cement NewsJK Cement has suffered another setback in setting up its first overseas cement-making unit in the United Arab Emirates (UAE). The company has failed to tie up with UAE-based banks for funds even two years after the overseas foray was proposed. The plant originally projected to go on stream by the middle of 2010, is now expected to be commissioned in 2012. Though the Rs 1,500-crore cement maker (in terms of sales) does not seem to be in a mood to quit the project, it has decided to scale dow... |
Nirma’s project gets government go-ahead11 December 2009, Published under Cement NewsThe Gujarat government has given its green signal to Nirma Ltd’s controversial cement plant in Mahuva. The company has been aiming to foray into cement production by setting up a 2.4Mt cement plant in Bhavnagar district for an estimated investment of Rs 1000 crore, according to industry sources privy to the development. Vajubhai Vala, finance minister and Saurabh Patel, minister of state for power and industry, government of Gujarat today announced the development at Bhavnagar. "Around 54 ... |
Egypt to decide on cement licences next week11 December 2009, Published under Cement NewsAn Egyptian committee will make a final decision on whether to scrap cement licences of four companies over start-up delays, and at least two of them were likely to be spared, a senior official said on Thursday. The Industrial Development Authority has already cancelled the licence of one company, El Wadi Cement, which like the others was awarded a licence in October 2007. The four firms being reviewed are al-Arabiya al-Wataniya, El-Nahda Industries, North Sinai Cement and Assiut Cement, t... |
Indian cement prices expected to rise11 December 2009, Published under Cement NewsIndian cement prices are seen hardening in the Jan-March quarter as demand from state projects picks up and rural housing drives volume growth, industry officials said. Analysts and company officials expect prices across India to rise following a spate of price hikes already effected by cement makers in southern and western India. Prices went up by 8-10 rupees for a 50kg bag southern India late November to 155-175 rupees, while a similar hike in Mumbai on Dec. 2 raised prices to 240-245 ru... |
Egypt’s Nahda raises US$219m loan for cement plant10 December 2009, Published under Cement NewsEgypt’s Al-Nahda Co. for Industries raised a E£1.2bn ($219 million) syndicated loan to build a cement plant in southern Egypt, one of the loan’s arrangers said on Wednesday. The Industrial Development Authority said in November that Al-Nahda’s cement production licence, awarded in October 2007, was one of five under review because of start-up delays. "Construction will start in one month," Banque Misr’s general manager, Mohamed Abbas, told Reuters shortly before the loan signing ceremony. ... |
Northern Cement Company reduces prices, Iraq10 December 2009, Published under Cement NewsThe State Company for Northern Cement has reduced the prices of its products to compete with similar imported products, the Iraqi Industry Ministry said on Wednesday. "The step improved the company’s sales of cement from 676,666t in 2008 to 796,202t in 2009," said a release issued by the Ministry on Monday and received by Aswat al-Iraq news agency. It said that the figures show an increase in sales by 118 per cent. |
Votorantim completes acquisitions, South America10 December 2009, Published under Cement NewsCementos Valderrivas has completed the sale to Votorantim Cimentos of its 50% stake in the Uruguayan company Cementos Artigas, in an operation tied to the divestiture of other 50% in Cementos Avellaneda and Minus, both based in Argentina. The deal is worth US$204,21m, slightly above the November announcement of US$201m. Cimentos Votorantim would be a partner in Uruguay and Argentina with the also Spaniard Molins. |
Cemex sells US$1.77bn of bonds overseas10 December 2009, Published under Cement NewsCemex sold US$1.77bn of bonds denominated in dollars and euros as it seeks to repay loans from a US$15bn debt restructuring, said a person familiar with the transaction. The company sold $1.25 billion of seven-year dollar bonds to yield 9.50 percent and 350 million euros ($515.7 million) of eight-year euro bonds to yield 9.625 percent, said the person, who declined to be identified because he’s not allowed to speak publicly. The company boosted the size of the dollar bond from $1 billion an... |