Cement News tagged under: international
New operator for Wellington quarry19 July 2009, Published under Cement NewsHolcim Ltd will take over operations of the Kiwi Point Quarry in Wellington. The company has signed an agreement with Atom Hire Ltd to operate the Kiwi Point and Martinborough Sand and Gravel operations from August 1. The quarry, located in Ngauranga Gorge, produces around 350,000 tonnes of aggregates each year. The aggregates are used in concrete construction and for asphalting roads and highways across the Wellington region. Martinborough Sand and Gravel processes alluvial material in ... |
Cemex quarry expansion may get approved this summer, US18 July 2009, Published under Cement NewsCemex officials remain committed to expanding their 87-acre limestone quarry – the wellspring of the Davenport cement operation – despite recent economic setbacks for the manufacturer. The company’s 10-year push to extend mining in the hills above Davenport, a proposal hung up by environmental study, is likely to get the go-ahead by county regulators this summer. "The limited expansion supports opportunities for a local work force, earning good wages in union jobs. And it helps to ensure t... |
Afrisam installs vertical roller mill, South Africa17 July 2009, Published under Cement NewsConstruction materials group Afrisam, formerly known as Holcim, has launched a R500m vertical roller cement mill which is the first of its kind in southern Africa. Afrisam said the mill will reduce production costs and almost double the group’s cement-manufacturing capacity. The mill uses between 20% and 30% less energy and could cushion the group from the latest Eskom electricity tariff hike. "The plant is the first of its kind in the southern African region; the only other plant that do... |
Siam Cement (SCC): 2Q09 earnings - Stable QoQ17 July 2009, Published under Cement NewsSCC is expected to report a 2Q09 net profit of Bt5.2bn, down 28.3% YoY but flat QoQ. Stripping out extraordinary items, its normalized profit is expected to be Bt5.2bn, down 27.8% YoY but flat QoQ. The YoY dip would be due to a reduction in cement and paper earnings, as well as lower dividend income and equity income. Meanwhile, the flat QoQ would be due to soaring chemical earnings counterbalancing the lower cement and paper earnings from seasonality, and higher dividend income and equity... |
Holcim Indonesia says CEO killed in Jakarta blast17 July 2009, Published under Cement NewsPT Holcim Indonesia Reuters its chief executive, Tim Mackay, was killed in a bomb blast at a hotel in Jakarta on Friday. "He is dead," said the company’s marketing director Patrick Walser, confirming that Mackay had been killed in an explosion. Indonesian police said nine people were killed by bomb blasts at two hotels, the JW Marriott and the Ritz Carlton, in Jakarta’s business district. Local television said two people were also killed in a third explosion, a car bomb north of the capita... |
Mixed signals for US cement17 July 2009, Published under Cement NewsLatest updates for the US cement sector point to continuing uncertainties over the timing and speed of the expected recovery, with no clear picture yet emerging. Stocks have rallied in recent weeks but with many influential US economists still predicting low growth over the next couple of years, it’s difficult to see any firm basis for this current upsurge. On the plus side, US housing indices suggest that there is now a slow recovery in new home sales but the data is patchy, and with highe... |
TXI workers called back16 July 2009, Published under Cement NewsUp to 130 workers are being called back this week at the TXI Riverside Cement plant after a nearly 60-day furlough, according to company spokesman Frank Sheetz. “The layoffs were due to what’s called an inventory control move,” Sheetz said. “The sales were so low that we had a back stock of inventory that needed to be sold before making more.” He said the plant couldn’t keep manufacturing cement if no one was buying it. “The lack of building activity in Southern California had a major imp... |
Qassim Cement 1H’09 net profit at US$79.9m16 July 2009, Published under Cement NewsSaudi cement producer Qassim Cement Co (QCC) registered a decline in its net profit for the first half of 2009 to SAR299.7m (US$79.9m/) from SAR312.2m a year ago. The earnings per share (EPS) stood at SAR 6.66, down from SAR 6.94. The operating profit remained almost unchanged at SAR300.3m for the first six months of 2009, from SAR300.4m a year earlier. For the second quarter of 2009, the company posted a net profit of SAR148.2m, down 2.44% YoY. |
New plant proposal for Estonia16 July 2009, Published under Cement NewsFrancisco Perez Rodenas, from Spain, has shown interest in constructing a cement factory with half a million tons yearly capacity in the northeast Estonian town of Sillamae. On June 18 Rodenas`s company, Essentium Cement Eesti OU, filed to the city government of Sillamae an application for the issue of terms for designing the cement factory and its terminal. The company is planning to build the factory in the territory of Sillamae Port. According to draft drawings the company wants to buil... |
Goodwill impairment drives Texas Industries into loss16 July 2009, Published under Cement NewsIn the financial year to the end of May, Texas Industries’ saw turnover decline by 18.4% to US$839.2m and the EBITDA fell by 29.1% to US$109.2m. A 22.7% rise in the depreciation charge and a jump in net interest payments from US$2.5m to US$33.3m led to a 92.0% drop in the running profit before tax to US$7.7m. Once the exceptional items, notably a US$58.4m goodwill impairment on the cement plant in California, are taken into account, a pretax loss of US$30.4m emerged, compared with a profit... |