Cement News tagged under: international
Lafarge project may start in 2014, US17 August 2009, Published under Cement NewsIf the Lafarge reconstruction project continues according to schedule, work on the cement plant bordering Greene County would start in 2014 and end in 2018, company officials said. LaFarge Environmental Manager John Reagan presented an update to the New Baltimore Town Board about modernization plans for the Ravena facility at their recent meeting. The largest supplier of cement in North America, LaFarge is one of three cement plants in New York State with branches in Brooklyn, Buffalo, Osw... |
Southern Africa monthly sales increase17 August 2009, Published under Cement NewsJuly regional sales were up on June, however compared to the same period last year, sales were down 11.5%. The week long construction strike affected cement sales to most major projects. Limpopo, KwaZulu Natal and Botswana continue to show positive demand, whilst urban markets such as Gauteng and Western Cape continue their year on year decline. |
Cemex refinances debt for US$15bn17 August 2009, Published under Cement NewsCemex announced Friday that it has refinanced US$15bn of its debt consolidated with 75 international banks. "The refinancing plan extends the maturities of approximately US$15bn in syndicated and bilateral obligations with approximately 75 banks and private placement noteholders, providing for a semi-annual amortization schedule, with a final maturity of February 14, 2014," Cemex said in statements in both Spanish and English. Company Chairman and CEO Lorenzo Zambrano said that the refina... |
Ste. Genevieve County plant opent17 August 2009, Published under Cement NewsHolcim opened the nation’s largest cement plant on Monday in Ste. Genevieve County, Mo. The US$1bn plant resulted in more than 2,500 construction jobs and currently employs 250 people. The plant is located 55 miles south of St. Louis along the Mississippi River. The plant is among the world’s largest with the ability to produce more than 12,000tpd of clinker and 4Mta of cement each year. |
Binani to cut product prices in Western India14 August 2009, Published under Cement NewsIndia’s Binani Cement Ltd is planning to soon cut cement prices in western India by INR2 to INR3 per 50kg/bag, the company’s managing director said Friday. "We are going to take a decision on cutting prices in Maharashtra and adjoining areas in a couple of days," Vinod Juneja told Dow Jones Newswires over the phone. He said the main reason for the price cut in the region was the dip in demand due to the annual monsoon season. Demand in north India, however, remains high, Juneja said, addi... |
Power cuts affect Semen Padang plant, Indonesia14 August 2009, Published under Cement NewsThe power cuts imposed on West Sumatra since May 2009 has caused a great deal of loss to Indonesian state cement maker PT Semen Padang (PT SP), the biggest cement plant in Sumatra, corporate secretary Benny Wendri said Thursday. He did not elaborate, except saying that production has declined, and there was an increase in dust flying around the plant causing engines to stop abruptly. The factory has five production units which at least needed 70-80MW to operate. PLN spokesman for West Sum... |
Turkey’s Akcansa 1H net profit down14 August 2009, Published under Cement NewsTurkish cement company AkcansaCement posted a 42% on-year fall in first-half consolidated net profit, the Istanbul Stock Exchange website showed late Wednesday. Net profit totaled TRY40.71m (US$27.5m) in the first half, from TRY70.186m in the first half of 2008. No reason for the decline in net profit was given but according to the website the company’s income from sales fell to TRY336.4m in the first half from TRY405.3 a year earlier. The company’s operating profit also decreased to TRY5... |
Tanga Cement supports Rwanda’s initiative13 August 2009, Published under Cement NewsTanzanian cement producer, Tanga Cement has pledged to contribute 20t of cement to the ’One Dollar Campaign’ initiative, The New Times reported. The humanitarian programme was launched on April 4, this year, whose aim is to construct a hostel to host hundreds of children orphaned by the 1994 Genocide against the Tutsi. According to the outgoing Rwandan Ambassador to Tanzania Zeno Mutimura, the factory will deliver the cement to Kigali. "The factory management made the pledge as part of ... |
Increase in construction activity seen in Egypt13 August 2009, Published under Cement NewsAlsharq Alawsat reported that a number of experts predicted that building materials prices in Egypt would increase during the H2 of 2009 till 2010, pointing out that their expectations are based on the remarkable increase of building and construction in Egypt. Experts justified the increasing demand on building material to the huge projects that Egyptian real estate companies announced, in addition to the retreat in steel rebars prices by a half along with government’s infrastructure and m... |
EBRD to loan Lafarge Vostok up to EUR120m13 August 2009, Published under Cement NewsThe European Bank for Reconstruction and Development (EBRD) could loan Lafarge Vostok, up to EUR120m for direct investment in Russia, the bank said in a statement. The loan is a follow-up transaction under an earlier approved multi-project facility with Lafarge for EUR300m covering the acquisition, modernisation, expansion, construction and operation of manufacturing facilities in the cement, lime, aggregates and ready-mix concrete sectors, the statement says. "The project objective is t... |