Cement News tagged under: international
Holcim gets contract to supply cement for Gorgon Project, Australia09 October 2009, Published under Cement NewsHolcim Ltd which last week completed the acquisition of Cemex’ Australian operations, has received a contract to supply 300,000t of cement to the Gorgon gas project, the Australian Financial Review reported on its Web site Friday, citing Holcim’s chief executive officer, Markus Akermann. Analysts believe the tender, which may have attracted bids from companies such as Boral and BGC, is worth up to $130 million. |
Shree Cement enters power sector, India09 October 2009, Published under Cement NewsShree Cement on Thursday announced its foray into commercial power business and will invest Rs 1,200 crore in the next two years to set up a 300MW thermal power plant in Rajasthan. “We have decided to set up a merchant power plant of 300 MW capacity at Beawar in Rajasthan. The company has earmarked an investment of Rs 1,200 crore for this purpose,” Shree Cement Managing Director, Mr H M Bangur said. Mr Bangur said the company would sell the power generated from the plant in the open market... |
GCC cement, steel demand seen down 20% in 200909 October 2009, Published under Cement NewsThe GCC is likely to see a 20 percent decline in demand for steel and cement in 2009, a result of the severe slowdown in the region’s construction industry, Deloitte Middle East has said. In a report called The GCC Powers of Construction 2009, analysts predict that the demand will pick up a little in 2010 which will see a two per cent growth. And as the region’s recovery from the global economic turmoil continues in 2011, the raw materials for construction projects are projected to see a g... |
KHD closes sale of unit, focus on core cement business09 October 2009, Published under Cement NewsKHD Humboldt Wedag International Ltd (KHD) and McNally Bharat Engineering Co Ltd (MBE) have announced that MBE’s wholly-owned Singapore subsidiary, MBE Holdings Pte Ltd, has completed the purchase of KHD’s coal and minerals operations and manufacturing facility in Cologne. The transaction is part of KHD’s strategy to focus on its core cement business. KHD intends to develop an operational structure that is closer to its customers and has already created new customer service centers around t... |
Plan to rehabilitate Umm Qasr Cement Factory, Iraq09 October 2009, Published under Cement NewsThe provincial council in Basra has discussed a new plan to attract investment in government-owned factories in order to restart productive operations. Basra aims to provide investors with all the needs of such factories, starting with re-operating the cement factory of Umm Qasr, which is one of the important factories in Basra, to meet the needs of the southern region of cement, the Iraq Directory reported 19/09/2009. Member of Basra provincial council, Jaafar Al-Moussawi, said in a press... |
Essentium piles into cement09 October 2009, Published under Cement NewsThe privately owned Spanish conglomerate Grupo Essentium, run by Susana Monje, having earlier successfully sold its share of the Spanish cement and aggregates joint venture that it had with Orascom to Lafarge, is now in the process of re-entering the cement market in a big, and more direct way by building three greenfield integrated cement works on the Mediterranean Rim. And it is aiming to do so in markets that are already getting very crowded. Essentium has reportedly formed Universal Ç... |
Floods in AP, Karnataka hit cement market in South, India08 October 2009, Published under Cement NewsExtensive flooding in Andhra Pradesh and Karnataka has thrown the cement market in the South out of gear for the immediate future but the recovery phase bodes well for the industry, say industry representatives. Cement industry representatives point out that calamitous flooding in Andhra Pradesh and Karnataka and the impact it could have on the industry is diametrically opposite to the situation just a couple of weeks back when there were fears of a drought. The concern earlier about the i... |
Guyana case goes to next round of proceedings08 October 2009, Published under Cement NewsThe legal dispute between the Guyanese government and Trinidad Cement Limited (TCL) has gone to the next round of legal proceedings, as the cement maker has filed a request with the Caribbean Court of Justice (CCJ) to hold the government of Guyana in contempt of court for failing to implement the Common External Tariff (CET) of the Caribbean Community (CARICOM). In August, the CCJ had ruled that Guyana was in breach of the norms that govern the CET and the government had been given 28 days... |
Southern Africa monthly sales fall08 October 2009, Published under Cement NewsIndustry regional sales in the Southern African union for September 2009 registered a declined of 10.7% bringing the annual industry regional sales aligned to PPC’s financial year to -11.4% The PPC Monthly Sales Monitor show annual decline is primarily a result of a decline in demand in Gauteng and Western Cape which has been partially offset by demand from the more resilient Limpopo, Mpumalanga and KwaZulu Natal provinces and neighbouring Botswana. The construction sector continues... |
Argentinean construction activity down by 3.2%08 October 2009, Published under Cement NewsArgentine government’s National Institute of Statistics & Census said that Argentina’s construction activity in August showed a seasonally adjusted 3.2% decrease compared to the same month last year, yet a 1.8% increase as compared to the previous month. According to INDEC’s data, the accumulated activity in the Argentine construction sector in the first eight months of 2009 dropped by 2.8% YoY. Construction permits in August declined 0.1% when compared to the previous month and fell by 17.... |