Cement News tagged under: international
Jaiprakash Associates signs deal with AMDC to set up cement plant03 August 2009, Published under Cement NewsJaiprakash Associates Ltd (JAL), the flagship company of the diversified industrial conglomerate Jaypee Group, has inked a MoU with state-owned Assam Mineral Development Corporation Limited (AMDC) for setting up a 2Mta capacity cement plant. This joint venture project will come up in Umrangshu in North Cachar hills. The total project cost for setting up this plant is estimated to be Rs 1050 crore. According to press statement issued by the company, the bids for setting up the cement plant ... |
Cement makers say no compensation plan agreed, Venezuela03 August 2009, Published under Cement NewsTwo European cement companies on Friday denied that they’ve agreed on a compensation plan with President Hugo Chavez’s government following last year’s nationalization of their assets. Holcim Ltd. and Lafarge SA said they have yet to receive any payment. Both companies have been waiting nearly a year for compensation. Infrastructure Minister Diosdado Cabello said Thursday that Venezuela had authorized $378 million to pay the companies 40 percent of their agreed-upon purchase prices, accord... |
Pakistan cement sales cross 3Mt mark31 July 2009, Published under Cement NewsCement sales have passed the 3Mt mark this month, registering 15 per cent growth over dispatches of 2.6Mt produced in July 2008, industry sources said on Thursday. The official figures by the All Pakistan Cement Manufacturers Association (Apcma) are expected to be released shortly. Inayat Ullah Niazi, Director and Chief Financial Officer at D.G. Khan Cement, in reply to queries told Dawn.com on Thursday that demand had remained firm during the current month. He expected sales for all of ... |
Venezuela cement makers to get US$358m in takeovers31 July 2009, Published under Cement NewsVenezuela has authorised a US$378m payment for two European cement companies that have been waiting nearly a year for compensation after their local assets were nationalised, President Hugo Chavez’s government said Thursday. Holcim Ltd and Lafarge SA will initially receive 40 per cent of the agreed-upon purchase price for their local affiliates, Infrastructure Minister Diosdado Cabello told state-run Bolivarian News Agency. He said the government will pay the rest over four years, withou... |
New mill to boost capacity at Afrisam’s Roodepoort plant31 July 2009, Published under Cement NewsSouth African construction materials group Afrisam has officially unveiled its vertical roller mill (VRM), the first of its kind in Southern Africa to be used for cement milling, at its newly expanded Roodepoort, Gauteng, cement production facility. The new VRM, the eighth mill to be built on the site since 1936, will increase cement milling capacity by 120tph, adding to the existing three ball mills’ 80tph capacity. This will bring the facility’s total production capacity to about 1.5Mta.... |
Two Chinese firms to build plant in Danghara31 July 2009, Published under Cement NewsTwo Chinese companies will build a cement plant in Khatlon’s Danghara district according to Chairman of the Danghara district Mahmaullo Saydaliyev. According to him, the plant will have the rated capacity of 1Mta of cement. “Recently, we received a letter from these companies, in which they ask to allot them land for construction of the plant,” said Saydaliyev. “Our specialists are currently working to define the place for the future plant that will be one of the largest industrial enter... |
No shortage of cement in Qatar: QNCC31 July 2009, Published under Cement NewsCement is not in short supply at all and anyone needing it can contact the Qatar National Cement Company (QNCC)Qatar National Cement Company (QNCC) Qatar National Cement Company is the country’s largest cement-maker and puts the demand of this key building material in the country at present at around 19,000 tonnes per day. "The demand is still high," said Mohamed Ali Al Sulaiti, general manager. "We have ample stocks with us." Replying to a question from reporters at a press briefing hel... |
Cement firm Cimentas to raise capital to EUR41m31 July 2009, Published under Cement NewsTurkish cement company Cimentas Izmir Cimento decided to increase its capital by TRY11.36m to TRY87.1m (EUR 41.45m) from the current TRY 75.75m. In the filing with the Istanbul Stock Exchange, the company explains that it will lift capital in order to strengthen Cimentas’ financial position in the face of global economic crisis. |
Cementir maintains a strong balance sheet31 July 2009, Published under Cement NewsCementir’s turnover for the first six months declined by 27.2% to €419.2m, with the EBITDA falling by 49.5% to €58.1m and the trading profit dropping by 77.0% to €17.7m. These results do not yet fully reflect the reduction in energy costs and staffing levels. The net debt at the end of June declined by 13.3% to €418.3m, which represented a gearing level of 40.4%. Capital investments in the period included the final costs of the new plant in Egypt and spending on the white cement plant u... |
Asia provides some support for HeidelbergCement31 July 2009, Published under Cement NewsHeidelbergCement’s first half turnover declined by 22.5% to €5,369.9m and the EBITDA fell by 35.2% to €836.2m. The trading profit deteriorated by 49.3% to €456.9m, while the pre-tax profit dropped by 72.0% to €161.9m after, among other items, a net interest charge 21.0% lower at €290.6m. Net debt at the end of June was 8.8% lower at €11,302m to give a gearing level of 124.2%, compared with 144.2% a year earlier. Capital expenditure in the six months amounted to €274m, a reduction of 39.5%... |