Cement News tagged under: international
Bharati Cements to expand dealer base24 November 2009, Published under Cement NewsBharati Cement Corp Ltd, promoted by Sakshi group, has introduced Bharati brand cement in Andhra Pradesh. The company has over 750 dealers and 1200 sub-dealers and is expanding its dealer network. Recently, the company started commercial production at its Rup 750 crore, 2.5 M tonne plant at Nallalingayapalli in Kadapa district of Andhra Pradesh. The Sakshi group has 69% stake in Bharati Cements while the rest is held by India Cements, Dalmia Cements and others. |
Cemex completes Mexican wind farm construction24 November 2009, Published under Cement NewsCemex announced today that the installation of the 167 wind turbines of the EURUS wind farm was completed on November 15 in Juchitan, Oaxaca, Mexico. Cemex has been the promoter of this project developed by the joint venture between Cemex and ACCIONA. Part of the energy generated by EURUS will supply approximately 25% of CEMEX’s energy needs in its Mexican cement plants. ACCIONA financed, constructed and manages the wind farm. The installation of wind turbines in the park was initiated in ... |
Song Thao Cement plant opens in North Vietnam24 November 2009, Published under Cement NewsSong Thao Cement JSC under Housing and Urban Development Corporation (HUD) operated Song Thao cement plant in the northern province of Phu Tho on Nov. 22 in the presence of Prime Minister Nguyen Tan Dung. This is the first cement plant outfitted with 60% of domestic equipment, the company said on its website. The facility worth VND1.671 trillion ($93.46m) has an annual designed capacity of 1Mt of cement. |
Shree Cement raises INR3bn in bonds placement24 November 2009, Published under Cement NewsShree Cement raised INR3bn through three-year non-convertible debentures, Managing Director HM Bangur told NewsWire18 today. Earlier, NewsWire18 had reported, quoting Bangur, that the company would raise funds for its Beawar power project. The company has offered the bonds at 8.10%, annually. The bonds are rated AA+ by CRISIL and CARE AA+ by CARE. Kotak Mahindra Bank and Standard Chartered were the arrangers for the issue. |
Holcim to severe ties with CMA, India24 November 2009, Published under Cement NewsHolcim, has decided to severe ties with industry body, the Cement Manufacturers Association — seemingly to avoid backlash in Europe over cartelisation charges. Associated Cement Companies (ACC) and Ambuja Cement, both part of the Holcim Group have expressed their desire not to be part of the Cement Manufacturers Association of India (CMA) effective November 1. Consequently, the two companies have resigned from the primary membership of the CMA. BL Taparia, company secretary and head of cor... |
Lafarge Malayan Cement 3Q profit down 9%24 November 2009, Published under Cement NewsLafarge Malayan Cement Bhd, pre-tax profit in the third quarter ended Sept 30, 2009 fell nine per cent to RM126.472m from RM135.060m in the same quarter last year. The lower earnings are mainly attributed to lower sales volume, lower contribution from exports due to a weaker US Dollar, higher maintenance costs due to timing of scheduled plant shutdown and lower contributions from ready-mixed concrete operations, trading and in Singapore. Its revenue fell 12 per cent to RM618.319m from RM69... |
Governor calls for investigation into Titan dealings24 November 2009, Published under Cement NewsBowing to opponents of Titan America and an influential political watchdog, Gov. Bev Perdue called this week for an investigation into whether there was any wrongdoing involved in the state’s decision to issue the company a draft air permit and a pass on an environmental review. The call comes just days after a Raleigh-based political watchdog, Joe Sinsheimer, prodded the governor to investigate whether there was any “undue political pressure” involved in Titan’s permitting process to build... |
Peruvian cement company eyes US$300m phosphate mine23 November 2009, Published under Cement NewsCementos Pacasmayo, Peru’s second-largest cement company, said on Friday it is planning to invest at least US$300m to develop a phosphate mine and processing plant. The project would be located in Peru’s northern Piura district, near where the Brazilian mining giant Vale hopes to start production at its own phosphate mine by mid-year 2010. Both companies expect to export the majority of their processed product, which is used in fertilizer. Cementos Pacasmayo is controlled by Hochschild Mi... |
Vietnam: Nation’s largest cement plant to be completed23 November 2009, Published under Cement NewsThe Binh Phuoc Cement factory, the largest of its kind in Vietnam, will conduct a trial run in December 2009 and start operating at the beginning of 2010. The plant has a total investment of VND8000bn and the capacity to produce 2Mta of cement. Most of the factory’s construction has been completed. This is one of the largest economic projects in the southern province of Binh Phuoc and is the biggest most modern cement plant in Vietnam so far. |
Colton Cement Plant has layoffs 94 more workers23 November 2009, Published under Cement NewsCalPortland Co announced Friday it has temporarily laid off 94 of the 130 workers at its Colton Cement Plant, citing a steep drop in demand for its products amid a near standstill in new Inland building. "Cement shipments are off 60 per cent from the pre-recession demand," CalPortland President and CEO James Repman said by phone from the company’s Glendora headquarters. The Colton Cement Plant opened in 1891 and is touted by CalPortland as the oldest operating cement plant west of the Rock... |