Cement News tagged under: international
Holcim plan to downsize workers at Almeria plant, Spain16 November 2009, Published under Cement NewsHolcim has presented a temporary downsizing plan for 34%, or 40 employees, at the company’s cement plant in Carboneras, the province of Almeria, southeastern Spain, the company’s sustainable development director for Spain, Manuel Soriano informed today Europa Press. Soriano explained the staff-cutting measure, which will last six months, with the flagging demand. Almeria’s plant currently employs a total 116 workers. |
Camargo Cimentos to set up plant at Porto do Acu, Brazil16 November 2009, Published under Cement NewsCamargo Correa Cimentos entered an agreement with LLX to set up a cement plant in the industrial area of Porto do Acu at Sao Joao da Barra (Rio de Janeiro). The project should receive a minimum investment of R$100m to run a 400,000tpa clinker capacity. |
UltraTech to buy Samruddhi to form India’s No.1 cement firm16 November 2009, Published under Cement NewsUltraTech Cement, a unit of Indian conglomerate Aditya Birla Group, is absorbing sister unit Samruddhi Cement, to form the country’s biggest cement firm, both companies said. The move, flagged in October, was approved by the boards of both companies on Sunday. The combined entity will be better placed to take on Holcim, which controls about a fifth of India’s 20Mt cement market through ACC and Ambuja Cements. "The merger will achieve the group’s objective of consolidating its cement busines... |
SAIL-NMDC to invest in Arki limestone mine, India16 November 2009, Published under Cement NewsState-run steel producer Steel Authority of India (SAIL) and mining major NMDC will invest INR260 crore in developing the Arki limestone reserves in Himachal Pradesh. Business Standard reported that the two Public Service Undertakings (PSUs) today entered into a joint venture agreement aimed at starting production from the 100Mt reserves in next three years. "The companies will together invest INR260 crore in development of the mines," Steel Minister Virbhadra Singh told reporters here. G... |
Heidelberg seeks buyers for Hanson UK units14 November 2009, Published under Cement NewsHeidelbergCement is looking for a buyer for its Hanson UK building products operations, including the country’s biggest supplier of clay bricks, in a bid to reduce debt. The company said it is selling units outside of its cement, aggregate and concrete operations after running up debt with the UK£8bn takeover of Hanson in 2007. First-half disposals for the German cement producer have totalled EUR324m, including assets in Indonesia and Israel. British business units expected to be diveste... |
Lucky Cement ordered to stop activities in residential area13 November 2009, Published under Cement NewsA division bench of the Sindh High Court (SHC) comprising Chief Justice Sarmad Jalal Osmany and Justice Sajjad Ali Shah on Thursday ordered Lucky Cement Company to stop commercial activities and use it strictly as per terms of lease (purely residential purpose). The order was passed in a constitution petition filed by the residents of Moulana Muhammad Ali Jouhar Memorial Cooperative Housing Society seeking closure of the office of Lucky Cement Company operating in the residential Plot No 6/... |
Gresik Jan-Oct cement sales, steady versus 200813 November 2009, Published under Cement NewsPT Semen Gresik, Indonesia’s largest cement producer by volume, said Friday that its cement sales for January-October were steady from a year earlier at 14.62Mt. The state-owned company added that its cement sales for October alone increased 14% to 1.65Mt from a year earlier, signaling a turnaround in cement demand. The state-owned company said its cement exports fell to 580,602t during the January-October period from 872,869t a year earlier, but didn’t offer any explanation. Total cement... |
Power shortage in Cebu to ease with additional supply, Philippines13 November 2009, Published under Cement NewsPower shortage in Cebu is expected to ease when the Energy Regulatory Commission (ERC) gives the Visayan Electric Company (Veco) provisional authority to get additional power from a cement company. Arlo Sarmiento, Veco vice president for utility economics, said by December, they will get an additional 10 megawatts from Cemex to ease the worsening power conditions in Cebu. The deal, though, is subject to ERC approval. But ERC Vsayas officer-in-charge Joel Bontuyan said the commission will ... |
Siam City Cement 3Q Net THB742m vs THB715m13 November 2009, Published under Cement NewsSiam City Cement PCL said Thursday third-quarter net profit rose 3.8% from a year earlier to THB742m (US$22.3m) due to lower costs and foreign exchange gains. Thailand’s second-largest cement maker by output said revenue during the period was down to THB4.9 billion from THB5.1 billion a year earlier. However, selling and distribution expenses eased to THB946.8 million from THB1.1 billion. It also booked a foreign exchange gain of THB16.9 million compared to a THB15.9 million loss in the s... |
Russia and the Ukraine depress Buzzi Unicem’s profits?13 November 2009, Published under Cement NewsBuzzi Unicem’s turnover for the first nine months declined by 23.8% to €2,075.8m and the EBITDA fell by 41.7% to €426.3m. The trading profit declined by 54.3% to €260.8m and lower interest receipts contributed to a 47.7% increase in net financial charges to €77.7m. The pre-tax profit dropped by 63.6% to €193.3m and the net attributable profit by 60.3% to €117.3m. Net debt at the end of September was 13.1% higher at €1,198.3m, after capital investment in the period of €268.3m. 61.0% of th... |