Cement News tagged under: international
Jordan’s demand on cement drops by 20%30 June 2009, Published under Cement NewsCement demand in Jordan has declined by 20% recently, The Jordan Times cited head of the Cement Traders’ Association, Mansour Banna as saying. The drop is attributed to the completion of most infrastructure work recently being carried out. Subsequently, around 3000tpd of surplus cement is being stored. |
Work begins on new Vietnam central province cement plant30 June 2009, Published under Cement NewsThe Roli investment joint stock company broke ground on a 1.2Mt cement plant in Vietnam’s central Quang Tri province on June 26. The construction, tapping an investment of nearly 1 trillion VND (US$56m) during the first stage, is to be undertaken by the Quang Tri Construction Joint Stock Company within 18 months and the plant is scheduled to commence production in the first quarter of 2011. In the first stage, the plant will use the modern rotary kiln technology to produce over 480,000 ton... |
German court slashes cement cartel fines30 June 2009, Published under Cement NewsA German court has slashed the fines levied by antitrust authorities against five producers, citing difficulties in assessing the profits reaped from the collusion. The court in Duesseldorf nearly halved the total fines to EUR330m (US$462m) from the EUR649m initially imposed by the German Cartel Office in 2003 on companies including Lafarge and Holcim. A court spokesman said the fines were cut because some assumptions made by the Cartel Office to calculate the surplus reaped by the compan... |
LSR Group obtains loan for cement plant project30 June 2009, Published under Cement NewsThe LSR Group and State Corporation Bank for Development and Foreign Economic Affairs (Vnesheconombank) signed a loan documentation package to finance the final stage of LSR’s cement plant project for a total amount of EUR 237 million, with a ten-year maturity and the first interest payment due within 18 months. Thus, as a result of the new loan agreements the necessary funding is now fully ensured for the project. The loan will be used to finance the construction project of a cement plant ... |
Russia’s cement institute director murdered30 June 2009, Published under Cement NewsThe director of the Cement Research Institute in Moscow was murdered on Saturday, reportedly as a result of his "professional activities". In the morning on Saturday two unknown men broke into the house of Deputy Director of the Cement Research Institute and shot him, reported NSP. The murderers entered the house and shot the 40-year man four times, including the head. Investigators linked the murder to the victim’s professional activities, NSP said. Source: www.aggregateresearch.com |
No vote on last-minute cement plant legislation29 June 2009, Published under Cement NewsIt looks as if Titan America’s plans for a new cement plant in Castle Hayne will continue – at least for now. North Carolina senators postponed taking action on a bill that could have forced Titan America to undergo an extensive environmental review. Two coastal senators, Julia Boseman and Carolyn Justice, inserted the legislation into a bill intended to regulate hot water heaters. Other senators say they were blindsided by the legislation and won’t vote on it. |
India’s Grasim may absorb UltraTech unitech unit29 June 2009, Published under Cement NewsIndia’s Grasim Industries plans to absorb its unit UltraTech Cement to consolidate the group’s cement business under one arm, the Economic Times reported on Thursday, citing an investment banker. The move will create India’s top cement firm, with a combined production capacity of 42Mta, overtaking ACC Ltd controlled by Holcim that will have 30Mt by 2010. Diversified Aditya Birla Group, which runs Grasim and UltraTech, is looking at consolidating the cement business after engineering conglo... |
Thailand’s Cement industry: Light on the horizon29 June 2009, Published under Cement NewsAccording to analysts at KGI Securities, cement sales volume in Thailand are expected to remain weak in the near term, but this is not a surprise as sales volume have posted negative growth for the past three years. Besides, the low base in domestic cement sales volume in 2H08 indicates cement sales volume will drop at a decelerating pace in 2H09, compared to 1H09. Meanwhile, the market will shift its focus to the end of the negative cement demand period from 2010 onward, powered by the size... |
Italcementi, Ciments Francais merger abandoned29 June 2009, Published under Cement NewsItalcementi SpA, Italy’s biggest cement maker, and Ciments Francais SA said they have abandoned plans to fully merge because of “excessive demands” by US investors. The U.S.-based institutional investors bought debt issued by Paris-based Ciments Francais in 2002 and 2006, worth a total of US$500m, the companies said in a joint statement distributed by Hugin. The demands were judged to be “excessive and unacceptable for the two companies and not in line with the goal of the merger,” accordi... |
HeidelbergCement defends itself against cartel fine29 June 2009, Published under Cement NewsIn cartel proceedings against German cement companies the Higher Court of Düsseldorf decided about the appeal of HeidelbergCement against an administrative fine order from 2003. The fine of EUR169.9m which was more than EUR80m less than the original fine imposed essentially results from alleged incremental earnings caused by a cartel. HeidelbergCement contests the basic findings of the facts as well as any incremental earnings. This applies mutatis mutandis for the pending civil damage clai... |