Cement News tagged under: international
Guyana sends delegation to Trinidad15 June 2009, Published under Cement NewsA five-man delegation will be representing Guyana this week at the Caribbean Court of Justice (CCJ) when the lawsuit filed by Trinidad Cement Limited and TCL Guyana Limited will be heard. The cement companies are suing the government over a unilateral suspension of the Common External Tariff (CET) on cement. The team that departed Guyana consists of three legal personnel and two Ministry of Foreign Trade staff. Kaieteur News understands that the case against the government is very strong ... |
Nigeria Benue Cement FY net profit jumps15 June 2009, Published under Cement NewsNigeria’s Benue Cement Company, controlled by local private conglomerate Dangote Group, recorded a 230 per cent rise in net profit in its year to Dec. 31, 2008, the Nigerian Stock Exchange (NSE) said on Friday. The cement maker’s net profit climbed to 4.14 billion naira ($28.23 million) from 1.25 billion naira in 2007, according to its financials released on the floor of the NSE. The company’s gross earnings soared 200 percent to 16.45 billion naira from 5.47 billion naira a year earlier. ... |
ACC considers new plant in Bengal15 June 2009, Published under Cement NewsACC Ltd has expressed interest in building a 2Mt plant in Bengal. The company, owned by Holcim, has held talks with state government officials on the project. The estimated investment could be in the range of Rs 300-500 crore, depending on the product mix. Apart from a grinding unit, ACC may also set up a ready-mix concrete plant. When contacted by The Telegraph, ACC managing director Sumit Banerjee confirmed that the company had looked at a site near Kharagpur, though it was yet to firm... |
Saudi cement plant contract for Sinoma15 June 2009, Published under Cement NewsRiyadh Cement Co a private Saudi Cement manufacturing Co has awarded a contract to China’s Sinoma International Engineering Co a subsidiary of China National Materials Co to double its cement production capacity by the end of 2009. ThyssenKrupp and Finnish engineering group Wartsila have also won parts of the first contract. To effectively implement the contract, Sinoma will add a second line to raise Riyadh Cement’s annual cement production capacity to 4Mt. Sinoma has also built the Saudi... |
Cheap imports force 13% slide in cement prices15 June 2009, Published under Cement NewsCement prices in the UAE have dropped by around 13 per cent or Dh40/t since April, according to industry officials. However, they expect prices to go higher post-Ramadan. Imported cement in the UAE is currently being sold at between Dh260 and Dh280 compared to about Dh300 during mid-April and around Dh330 in March. A senior official of a Ras Al Khaimah-based cement factory yesterday told Emirates Business that due to low import prices many cement factories were selling cement at much lower... |
Cemex sells Australian interests to Holcim15 June 2009, Published under Cement NewsIn its efforts to reduce debt and to improve its balance sheet, Cemex has reached an agreement with Holcim to sell all of its Australian interests to the Swiss group for approximately €1,145m or Aus$2,020m. Notably this deal, provided it is approved by the Australian competition authorities and passes the Holcim due diligence assessment, would turn Cement Australia, which is currently 50% owned by Holcim, into a Holcim subsidiary and mark the return of the Swiss group to the Australian a... |
Rio Grande plant shutdown extended12 June 2009, Published under Cement NewsIn response to a lowered demand for cement, GCC Rio Grande Portland Cement in Tijeras is extending its annual two-week shutdown period, usually reserved for maintenance, to approximately one month. The plant typically produces about 500,000t of cement each year, but that number will vary according to demand for the product. So far this year, the demand has been lower, so the company plans to concentrate its efforts on shipping the excess product out, which it will concentrate on while the e... |
Lanka Cement mulls re-opening KKS factory12 June 2009, Published under Cement NewsLanka Cement expects to re-open the Kankesanthurai (KKS) Cement Factory in the near future. “We are planning to re-open the cement factory in Kankesanthurai in the near future and it will create more job opportunities for the rural community,” Chairman Lanka Cement Ltd., Sisira Jinandra Paranagama said. According to a recent news report a few foreign firm has shown a keen interest in investing in the cement plant in KKS in the Jaffna peninsula. The Report added that four foreign firms have... |
New order for TurboSonic Technologies Inc11 June 2009, Published under Cement NewsTurboSonic Technologies Inc, a leading provider of clean air technologies, announced the receipt of a US$2m contract for the design and supply of SO2 abatement equipment for Essroc Italcementi’s Martinsburg, West Virginia plant. This is the second contract awarded to TurboSonic this fiscal year by Italcementi for this plant, the first of which was for a SoniCool™ Evaporative Cooling System, announced in July 2008. Italcementi is one of the world’s largest producers and distributors of cement... |
Northwest Russia plant to resume production11 June 2009, Published under Cement NewsA cement plant at the center of protests over wage arrears in northwest Russia’s town of Pikalyovo will resume operations early today, a BaselCement spokesperson said on Wednesday. Russian Prime Minister Vladimir Putin visited Pikalyovo last week after some 300 residents blocked a major highway to draw attention to their financial difficulties caused by the closure of three large plants in the town. "The first production line will be launched tonight," Svetlana Andreyeva said. The problem... |