Cement News tagged under: international
Cementir interested in HeidelbergCement assets?21 August 2009, Published under Cement NewsItalian cement maker and distributor Cementir Holding SpA may be interested in the assets in northern Europe of HeidelbergCement AG, Italian Il Sole 24 Ore reported. HeidelbergCement might be putting on the market its Norwegian and Swedish assets. The company has EUR 9bn (US$12.8bn) in debts to repay. Cementir has not commented on the report. Its shares, however, have been benefiting from the report and were rising 5.52% to EUR 3.01 on the Milan Stock Exchange at 1050 CET on Thursday. |
Cemex to lay off 50 Fairborn workers, US21 August 2009, Published under Cement NewsCemex Inc plans to lay off as many as 50 workers at it’s Fairborn facility, located on Linebaugh Road in Bath Township. The layoffs will take place Oct. 17, according to a notice filed with the state of Ohio. The move is a result of excess inventory because of reduced demand, said Jennifer Borgen, a spokesperson for Houston, Texas-based Cemex USA. Borgen said production at the Fairborn plant will shut down temporarily but packaging operations will continue at the site. About 50 workers... |
Sephaku Holdings plans new plant, South Africa21 August 2009, Published under Cement NewsSouth African diversified mining exploration firm Sephaku Holdings unveiled plans to build a new cement plan, the company announced on Friday. Sephaku Chief Executive Officer Neil Crafford-Lazarus told reporters that the company was in the advanced stage of planning the cement plant, which would have a capacity of 2.1Mta once it reached full production in the second quarter of 2012. Crafford-Lazarus said Sephaku was in talks with South African, Chinese and European financiers to fund the p... |
Rockhampton plant to be mothballed21 August 2009, Published under Cement NewsCement Australia has announced its intention to mothball its facility at Parkhurst, Rockhampton from September this year. All 31 plant employees will be offered alternative jobs within the company. The mothballing of the plant has been necessary due to the Global Financial Crisis which has reduced volumes significantly, compounded by recent, significant increases in State Government taxes and charges. The introduction of the Federal Government’s Carbon Pollution Reduction Scheme has mea... |
Anhui Conch Cement H1 net profit hits RMB 1.28bn20 August 2009, Published under Cement NewsAnhui Conch Cement Co Ltd, the biggest cement producer in Asia by output, said its net profit declined to RMB 1.28bn in the first half of this year, down 2% YoY. Under international financial reporting standards, its first-half revenue jumped 10% from a year earlier to RMB 11.24bn. Net income declined to RMB 1.27bn from RMB 1.3bn during the same period of last year. Operating profit was RMB 1.5bn, up 6.29% YoY. Capital expenditure amounted to RMB3.57bn, according to the cement maker’s inte... |
ACC drawing up plans for next stage of expansion, India20 August 2009, Published under Cement NewsACC is in the midst of drawing up ambitious plans for the next stage greenfield and brownfield expansion. "Our next round of capacity expansion is at the Board room stage now. It will have to go through the evaluation by the middle of the year," ACC Managing Director Sumit Banerjee told the reporters. Banerjee said that ACC may opt for both greenfield and brownfield expansions, but the site of the expansions would depend upon the availability of raw material and the proximity to the ... |
PCA Revises 2009, 2010 cement consumption figures20 August 2009, Published under Cement NewsBureaucratic delays in releasing funds coupled with long lags between outlays and construction activity for American Recovery and Reinvestment Act (ARRA) projects will lead to very little stimulatory impact on cement consumption in 2009, according to the most recent economic forecast from the Portland Cement Association (PCA). PCA expects total cement consumption to decline 22 percent during 2009 to 75 million metric tons. The meeting of total ARRA obligations in 2010 combined with the begi... |
Cement exports register increase in July19 August 2009, Published under Cement NewsPakistan cement export made a sudden jump during July, the first month of the current fiscal year (2009-10), to 1.16Mt from 0.838Mt recorded during June 2009. According to exporters, there had been around 1Mt of exports for the last two years, but during July, the figure crossed the mark. However, cement exports in June 2009 temporarily declined as India stopped providing rail wagons. According to an understanding, both the countries were to provide train facility on the basis of inter... |
India: poor monsoon may hurt cement demand19 August 2009, Published under Cement NewsThe cement industry that saw rural demand driving its impressive 12% growth last fiscal does not foresee any significant impact of a weak monsoon on demand. They believe that a higher government infrastructure spend and an improving housing market in metros may offset any fall in rural demand because of a weak monsoon. Analysts though believe that a weak rural demand coupled with new cement capacities may put pressure on prices. "The second half of this fiscal may see rural demand for ceme... |
New Angola cement plant starts operation by 201219 August 2009, Published under Cement NewsThe construction works of cement factory underway in the Cuacra locality, Sumbe district, coastal Kwanza Sul province, are scheduled to end in 2012, announced Tuesday the chairperson of the board of directors João Marcos Sassa. The official was speaking to the press on the sidelines of the meeting that gathered the factory’s managing board and the building and supervising companies of the work, during which they analysed the execution of the construction project of the infrastructure, st... |