Cement News tagged under: international
Lafarge’s South-West Tanzania plant cuts output as imports rise24 June 2009, Published under Cement NewsLafarge SA, the world’s biggest cement maker, cut output at its plant in south-western Tanzania after supply exceeded demand because of an increase in imports. “We extended the shutdown after normal maintenance because we are carrying significant stocks,” Mbuvi Ngunze, managing director of Mbeya Cement Co. Ltd., said in a phone interview from Tanzania’s commercial hub, Dar es Salaam. The company’s cement clinker production line may stay closed until month-end, while the cement grinding fac... |
Bulgarian lines halt production24 June 2009, Published under Cement NewsItaly’s Italcementi will temporarily shut down cement production in its two Bulgarian plants in August as the global downturn hits demand, its Bulgarian unit said. The company said it will shut down all kilns at Devnya Cement and Vulkan Cement for a month and plans to reduce its staff of 500 people to cut costs and streamline operations. "These moves follow the long-term impact of the economic crisis and are aimed at optimising the costs and inventory," Italcementi Group Bulgaria said in a ... |
Yamama Cement looks abroad24 June 2009, Published under Cement NewsSaudi-based Yamama Cement Co would offset the impact of an export ban on its earnings by investing abroad if the year-long blockage lasted longer, its top executive said. The kingdom’s third-largest cement firm is also pressing ahead with cost cuts as the ban slashed seven per cent off its sales since it was imposed in last June, Jehad Al-Rasheed told Reuters. ’When you have financial capabilities and the investment opportunities at home are locked up, you will seek to maximise returns for... |
Buzzi Unicem USA cement plant in Pryor to lay off 20-30 employees, citing economy23 June 2009, Published under Cement NewsOfficials at a cement plant near Pryor say about 20 to 30 employees will be laid off. Dave Puzan, the plant manager at Buzzi Unicem USA’s facility in Mayes County, said Friday the plant will maintain a one-kiln operation because of the downturn in the economy and construction market. He says the layoffs will begin on June 29 and will affect some of the plant’s 91 hourly workers. Puzan says he hopes the layoffs will be temporary and that he wants to be able to recall the workers if busines... |
China: Ningxia Building Materials invests in three cement projects23 June 2009, Published under Cement NewsNingxia Building Materials Group Co Ltd, a subsidiary of state-owned China National Materials Group, has started production at its new dry-process cement project in Qingtongxia City and has begun construction on two dry-process cement projects in Yinchuan City and Wuzhong City. The three cement projects are located in Ningxia Hui Autonomous Region and involve RMB 1.1bn in investment. The plant in Qingtongxia has a daily production capacity of 2500t of cement and a supporting facility that ... |
Indonesia: PT Semen Gresik to relocate planned cement plant23 June 2009, Published under Cement NewsPT Semen Gresik, the country’s largest cement manufacturer, will relocate a planned IDR3.5trn (US$339.5m) plant to ensure it meets its target for expansion, a top executive from the company has said. President director Dwi Soetjipto announced the relocation plans on Monday, saying the decision was made because issues of land acquisition for both the originally planned factory and exploration sites in Pati, Central Java, remained unresolved. “We will move the sites from Pati to Tuban [East ... |
Kenya: Tororo Cement loses limestone tender deal to India’s Sanghi23 June 2009, Published under Cement NewsTororo Cement Industry has lost a limestone tussle to an India firm, almost three years after it expressed interest to exploit the rich deposits in Kenya’s Rift Valley Province. Multibillion dollar Indian Sanghi Group is now set to invest US$80m (about KES112bn) in a cement plant in one of Kenya’s most arid areas. The group’s local subsidiary, Cemtech, with the support of International Finance Corporation (IFC) is also seeking to invest in a one million tonne cement factory in Pokot Distri... |
Cimpor to acquire 50 per cent in Ecuador state-owned plant23 June 2009, Published under Cement NewsPortuguese cement producer Cimpor will acquire 50 per cent in Ecuador state-owned cement plant Cemento Chimborazo, Ecuador’s president Rafael Correa said in his Sunday statement to citizens. According to local press reports, Cimpor plans to invest US$80m (€57.8m) to boost Cemento Chimborazo’s production to 450,000tpa, from the current 290,000tpa. Cemento Chimborazo is presently 95 per cent controlled by Ecuador’s state-owned bank Banco Nacional de Fomento (BNF). After Cimpor acquires half... |
Kenya: Pokot residents excited about cement factory22 June 2009, Published under Cement NewsConstruction of a cement factory in Pokot will transform the livelihood of the local community by providing income that will improve their living standards, district development officer Ms Gladys Kinyua has said. And with this, members of the community are already expressing high socio-economic expectations. The move follows endorsement of Cemtech Limited, a subsidiary of an Indian company, with rights to establish a cement factory at Ortum in Pokot Central District. Pokot County Council c... |
Binani Cement looking to buy cement companies across India22 June 2009, Published under Cement NewsBinani Cement Ltd is planning to acquire cement companies to expand its presence beyond India’s northern and western markets, its managing director said. "We are scouting for cement plants and companies across India. If something good comes our way, we will look at it seriously," Vinod Juneja told Dow Jones Newswires in a recent interview. He said the plants must have a capacity of at least 1 to 1.5Mta. The company’s factory in the western Indian state of Rajasthan now has a capacity of 6... |