Cement News tagged under: international
Dangote: why we embarked on staff rationalisation15 October 2009, Published under Cement NewsDangote Industries Limited, owners of Obajana Cement Plc has cited the unending global economic meltdown and unabated importation of subsidised cement into the Nigerian market as reasons for the on-going staff rationalisation in the factory. In a press statement signed by the General Manager, Human Capital, Mr. Marcus Jeremiah, in Lokoja, the company noted that though painful, it has been forced to embark on the staff rationalisation due to the scaling down of its expansion program that wou... |
Delayed monsoon to benefit earnings, India15 October 2009, Published under Cement NewsIndia’s top four cement companies - ACC, Ambuja Cements, Grasim and Ultratech Cement - are expected to report improved earnings on a YoY basis Past performance of cement stocks in the September 2009 quarter, thanks largely to a reduction in key input costs such as power and fuel on a per-tonne basis on a YoY basis, coupled with lower freight costs. These cement majors are expected to report a 34.7% YoY growth in their core net profit for the September ‘09 quarter compared with a 27.1% growt... |
Mozambique: shortage brings building work to halt15 October 2009, Published under Cement NewsA severe shortage of cement is paralysing some construction work in Maputo city and province, and in the neighbouring province of Gaza, reports Wednesday’s issue of the independent daily "O Pais"’. This shortage is being blamed on the increased demand, particularly for major undertakings, such as the construction of the new national stadium and the modernization of Maputo International Airport. In all of southern Mozambique, there is just one cement factory, in the city of Matola, owned by... |
Platin stoppage to continue, Ireland15 October 2009, Published under Cement NewsIrish Cement Ltd, Platin, has confirmed it will continue to carry out kiln stops throughout the winter months. The temporary stops will last for periods of four to six weeks and staff will be required to take any remaining holidays and periods of temporary layoffs will also be required. A spokesman for the company said that management had met with its staff in both its Limerick and Platin works recently to confirm that the temporary kiln stops introduced earlier this year will continue to ... |
Siam Cement may review revenue target if project suspended15 October 2009, Published under Cement NewsSiam Cement PCL said Thursday that it may have to revise its revenue target if projects at a Thai industrial estate are suspended because of environmental concerns. Thailand’s largest industrial conglomerate has 21 projects under construction in the Map Ta Phut Industrial Estate in eastern Rayong province worth THB100 billion ($3 billion), company Vice President and Chief Financial Officer Roongrote Rangsiyopash told reporters. The Administrative Court in late September issued an injunctio... |
New cement plant in Rajasthan, India15 October 2009, Published under Cement NewsMangalam Cement has announced the construction of a new 1.5Mta cement plant in Rajasthan. A coal power station will be erected in the immediate neighbourhood to guarantee the supply of energy. The overall cost of the expansion project is INR8bn. Vietnam Cement Industry Corporation (Vicem) sold 12.1Mt of cement and clinker in the first nine months of this year, rising 7.1% from a year earlier and fulfilling 67% of its full-target, the corporation said on its website recently. Of the amount,... |
Siberian Cement output above target, Russia15 October 2009, Published under Cement NewsIn the first nine months of the year, three Siberian Cement (Sibcement) plants produced 2.2Mt of cement products, three per cent above the target. Of these, Sibcement’s Topkinsky cement plant (Topki, Kemerovo Region located in west Siberia) produced 1.4Mt of cement, the Krasnoyarsk plant produced 543,500 t, and the Timlyuisky plant in Buryatia, southeast Siberia, 218,066t of cement. In the reporting period, the three plants sold nearly 2.2Mt of cement, up 4% above the targeted figure of 2... |
Birla to open knowledge park, Kerala, India15 October 2009, Published under Cement NewsKumar Mangalam Birla-led Aditya Birla Group plans to invest over INR4,000 crore in future technologies by setting up a Knowledge Park and a branch of the Birla Institute of Technology and Sciences (BITS) at Kozhikode in Kerala. The ruling Left Democratic Front (LDF) will consider the proposal from the Birla Group at its meeting tomorrow. The commodity-driven business group, so far mainly into manufacturing sectors like cement, metals and fertilisers, plans to float a separate company under... |
Shree Cement receives innovation awards14 October 2009, Published under Cement NewsShree Cement Limited, the largest cement manufacturer of North India and among top five cement manufacturers in the country, bagged the “Special Innovation Award” & the “CIO Ingenious 100” at the CIO 100 Symposium & Awards Ceremony held in Goa from 4-5 September 2009. Mr. Rajat Sharma, CIO, Shree Cement Ltd. clinched the “CIO Ingenious 100” as well as “Special Innovation Awards” for his case study on "Transport Freight Bidding integrated with RFiD Access System”. Instituted by “The IDG Grou... |
Torah Cement’s H1 2009 profit up 9%14 October 2009, Published under Cement NewsEgypt-based Torah Cement has reported an 8.6% rise in net profit to EGP178.3m in the first six months of 2009, according to the Egyptian stock exchange. The firm had made a net profit of EGP164.3m in the same period of 2008. Torah Cement is a subsidiary of Suez Cement, which is itself majority-owned by Italy’s Italcementi. |