Cement News tagged under: international
Rights issues and share placings find favour25 September 2009, Published under Cement NewsHeidelbergCement’s rights issue and share placing has apparently proved extremely popular with investors this week. Offered at a discount of some 12 per cent on the prevailing stock price of €44 the combined rights issue has raised over €4427m with the share placing amounting to €2115m reducing the debt accumulated by the Merckle family interests and now leaving them with just a 25 per cent stake in the group. The rights issue should have also reduced the gearing level from 124.2% at the ... |
Podilskyi Tsement to invest EUR 300m24 September 2009, Published under Cement NewsOne of three largest Ukrainian cement producers, Kamianets-Podilskyi-based Podilskyi Tsement, Khmelnytskyi region, intends to invest EUR300 million into the modernisation of production in 2010, commercial director of the enterprise Anatolii Dehtiariov told the Ukrainian News agency. Dehtiariov also said that in particular, the enterprise intends to launch new line for the production of cement by dry method, packaging line and warehouse equipment. Dehtiariov also said that the launch of the... |
Pakistan exports to India down 80 per cent24 September 2009, Published under Cement NewsThe Pakistan cement industry is seeking alternative markets for export after exports to India have been curtailed by almost 80 per cent in the recent months. Cement manufacturers have started exploring other markets and a leading manufacturer has sent consignments to Sri Lanka, South Africa, Namibia, Oman and Mauritius. There are also companies that are searching European markets and it would a major development given that fact that the primary export market Afghanistan would remain stagna... |
Decision on Cemex quarry expansion postponed, US24 September 2009, Published under Cement NewsThe much-anticipated decision on whether Cemex can extend mining in the hills above Davenport was punted by county regulators Wednesday after the building materials giant and the city of Santa Cruz, California agreed to settle the issue on their own. The two parties are at odds over how much a 17-acre expansion of a limestone quarry, needed to keep the company’s cement plant in Davenport stocked and running, would harm a nearby spring that provides drinking water to the city. The county Pla... |
Several steps till Holcim cement plant decision, New Zealand24 September 2009, Published under Cement NewsHolcim may have the all-clear from the Environment Court for its proposed Oamaru cement factory, but it is warning there is some way to go before a decision on the plant is made. The company has been planning the factory in Weston on the outskirts of Oamaru since 2006, with the original cost doubling to US$300-$400m as it aims for a 2012 completion. Last month Holcim was granted all of the consents for the proposed plant by the Environment Court. But that did not mean the plans for the pl... |
Venezuela pays for part of Lafarge cement acquisition24 September 2009, Published under Cement NewsPresident Hugo Chavez’s government said Wednesday it will immediately pay cement maker Lafarge SA 40 per cent of the agreed-upon purchase price for its Venezuelan subsidiaries nationalized last year. The government will pay Lafarge the money, which amounts to US$118.5m, within the next five days, Infrastructure Minister Diosdado Cabello said. Cabello said in July that Venezuela had agreed to pay Lafarge and a second cement maker, Holcim Ltd., 40 per cent of the purchase price of each compan... |
VietinBank makes loan to cement maker23 September 2009, Published under Cement NewsThe Viet Nam Joint Stock Commercial Bank for Industry and Trade (VietinBank) will contribute a VND1.6trn (US$89.9m) loan towards the development of a production line for the He Duong Cement Joint Stock Company. The credit contract signing ceremony between VietinBank’s Ninh Binh Branch and the He Duong JSC was held in the northern province of Ninh Binh. Production Line 1 has been backed by Taiwan’s Lucky Cement Corp, with a total capital investment of VND300 billion ($16.85 million). The p... |
Iran production sees record monthly high23 September 2009, Published under Cement NewsCement production in Iran hit a record monthly high of 7.4Mt (July 23 to August 22), the deputy industry minister said. Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) quoted Mohammad-Masoud Samieinejad saying that for the first time in the country during the summer season, “we have seen the greatest amount of cement distribution which shows how active the construction industry is in Iran”. The Islamic Republic of Iran Broadcasting (IRIB) reported that ... |
Jilin Yatai to acquire Jinyuan Cement, China23 September 2009, Published under Cement NewsChinese cement firm Jilin Yatai (Group) Co Ltd plans to acquire 100% equity interest in Jilin Jinyuan Cement Co Ltd to further expand its market share in Northeast China. Jilin Yatai said in a statement filed with the Shanghai Stock Exchange that it will spend RMB 311.64m to complete the acquisition. As a major cement producer in Jilin province, Jinyuan Cement produced 1.06 million tons of cement in 2008. It also has the largest market share in Changchun, the capital city of Jilin province... |
JP Associates to invest in expansion23 September 2009, Published under Cement NewsJaiprakash (JP) Associates has signed four MOUs with Madhya Pradesh Government to invest INR13,000 crore for setting up two cement manufacturing units, an aluminium production factory and a power plant for generating power. The MOUs were inked by Madhya Pradesh Energy Minister, Gaurishankar Shejwar and JP Associates Executive Chairman Manoj Gaur for setting up power plants, while for establishing cement and alumimium units, it was signed by Industry Minister Jayant Mallaiya and Gaur i... |