Cement News tagged under: international
Cemex is raising €1057m23 September 2009, Published under Cement NewsThe sale of participation certificates, which has just been priced, is set to raise some UIS$1549m (€1057m). The sale of participation certificates, rather than a traditional issue of equity will leave voting control firmly in the hands of the present shareholders. The amount of fresh risk-bearing capital amount raised is almost exactly half of the €2,115m that HeidelbergCement is raising in new equity, even though Cemex is somewhat more highly geared than HeidelbergCement. The Cemex ... |
Locals aim to secure land title deeds, Kenya23 September 2009, Published under Cement NewsFor many years residents of Ortum and Sebit in West Pokot considered their parched land that could not support agricultural activity as worthless. But what was bare land decades ago, has turned into a goldmine. The residents are scrambling to own a share after the government granted Cemtech Group rights to establish a cement plant in the area. The residents are jostling to secure title deeds in expectation of compensation once Cemtech starts mining the raw material on their land. “Everyon... |
Duna-Dráva Cement completes EUR55m upgrade, Hungary23 September 2009, Published under Cement NewsHungarian cement maker Duna-Dráva Cement Kft, an interest of Germany’s HeidelbergCement Group, has completed a HUF15bn (EUR 55.3m) upgrade project at its Beremend (southwest Hungary) and inaugurated the new buildings and equipment on Tuesday, local newswire MTI reported. The upgrade took five years of preparations and 21 months of work, said Chairman-CEO János Szarkándi, adding that they have replaced the two 37-year old kiln lines with top-of-the-line, computer-controlled new ones. Duna-Dr... |
Cemex opens grinding plant at Tilbury, UK23 September 2009, Published under Cement NewsICR attended the official opening of Cemex’s new 1.2Mta grinding plant at the Port of Tilbury in the UK. It represents the largest single Mexican investment in the British economy, clocking in at UK£49m. Attendees were treated to a luxurious cruise down the River Thames, before being greeted by the plant’s management team at the site. During the cruise, Gonzalo Galindo, the president of Cemex UK and his colleagues gave several presentations, highlighting the sustainability benefits of the ... |
Spanish cement groups raided by antitrust inspectors23 September 2009, Published under Cement NewsEuropean Union and Spanish antitrust officials have carried out surprise inspections at the premises of companies producing cement and related building products in Spain, the European Commission and Spain’s National Competition Commission, or CNC, said Wednesday. The E.U. and Spanish probes are separate, spokespeople for the CNC and the European Commission said, though they are targeting some of the same companies on suspicion of taking part in price-fixing cartels. The commission spokesman... |
UK building companies fined UK£129.5m23 September 2009, Published under Cement NewsSome of the UK’s leading building companies have been handed big fines by the Office of Fair Trading (OFT) for rigging bids for contracts. The OFT has fined a total of 103 firms UK£129.5m for colluding with competitors on building contracts. It said the firms colluded among themselves during the bidding process, leading to customers, such as local authorities, having to pay too much. The ruling comes at the end of a five-year investigation by the OFT. The fines were largely for the pract... |
Lafarge rail project wins award, UK23 September 2009, Published under Cement NewsLafarge Cement has won an award for its UK£20m rail infrastructure programme at its Hope Works in Derbyshire. The Rail Freight Group’s national awards saw Lafarge win a Special Judges Award at the ceremony on last week. The Hope Works rail upgrade has formed a central part of a major national scheme by Lafarge to strengthen the delivery service it offers to customers. By transforming Lafarge’s cement distribution facility, the project has increased the volume of cement transported via rail... |
Thai Siam Cement sees cement sales stable in 200922 September 2009, Published under Cement NewsSiam Cement , Thailand’s largest industrial conglomerate, said on Monday it expected cement sales of 17-18Mt in 2009, close to last year, thanks to the government’s stimulus package. Domestic cement demand has picked up in the second half, which should mean overall consumption in Thailand of 24Mt this year, steady on last year, Pramote Techasupatkul, head of its cement division, told reporters. "Despite the weak economy, the government’s packages have helped cement demand remain stable comp... |
BIBM Calls for a More Effective Implementation of European stimulus plans22 September 2009, Published under Cement NewsBIBM Board gathered on September 17 in Brussels expresses concerns about the failure of European stimulus plans to provide positive effects on growth and jobs. If the global economy is to return to sustained growth and that we are aiming at long-term results in terms of “smart investments” in energy, clean technologies and innovation, stimulus plans must strictly be implemented. BIBM therefore renews its call for an immediate action in favour of the construction sector regarding the slow i... |
Ash Grove Cement to celebrate 80 years22 September 2009, Published under Cement NewsLocal and state officials will join Ash Grove Cement Co. representatives in Louisville Tuesday to celebrate the company’s 80 years of operation in Nebraska. A ribbon-cutting will mark the grand opening of Ash Grove’s newly constructed 14,000-square-foot office building, which was designed to meet the U.S. Environmental Protection Agency’s Energy Star standards. The $3.6 million building includes offices, employee lunchroom, lockers and conference room. Ash Grove Cement Co. operates the onl... |