Cement News tagged under: international
Cemex officially opens new tunnel and processing plant at Taffs Well Quarry04 June 2009, Published under Cement NewsA new tunnel and processing plant at Cemex’s Taffs Well Quarry near Cardiff was officially opened by Jane Davidson, Minister for Environment, Sustainability and Housing, Welsh Assembly. The tunnel and plant represent an investment of over £14million and will prolong the life of the quarry by 20 years. The quarry provides approximately 1Mt of limestone every year which is used within a 10 mile radius for building and construction projects such as the M4 motorway and the new Cardiff shopping... |
India’s ACC May cement shipments rise 1.1% YoY03 June 2009, Published under Cement NewsACC Ltd, India’s largest cement maker, said on Tuesday shipments in May rose 1.1 per cent from a year ago to 1.82Mt. The company, in which Holcim holds more than 46 per cent, said production rose to 1.81Mt from 1.79Mt a year ago. |
Semen Gresik capital expenditure IDR6trn03 June 2009, Published under Cement NewsPT Semen Gresik Tbk revised the US$1.3bn capital expenditure or IDR14.33trn into IDR6trn for new plant and power plant construction. President Director of Semen Gresik Dwi Soetjipto said the company will optimise the internal fund to meet the capital expenditure (capex). "As from the IDR6trn capex, the internal cash is IDR3trn and the rest is from bank loan," he said to Bisnis this week. Finance Director of Semen Gresik Cholil Hasan said the company formerly allocated US$1.6bn capex this ... |
Lafarge Nigeria unit’s 2008 net profit up 29 per cent03 June 2009, Published under Cement NewsAshaka Cement Plc, a Nigerian unit of Lafarge, posted a 29 per cent rise in 2008 net profit to 2.07 billion naira ($14.11 million), the Nigerian Stock Exchange (NSE) said on Tuesday. Gross earnings at Ashaka, located in Nigeria’s northeastern state of Gombe, climbed nearly 30 per cent to 21.37 billion naira, the firm’s audited full-year financials showed. The fixed assets of Ashaka, one of three cement plants in Nigeria controlled by Lafarge, grew by over 49 per cent to 5.68 billion naira,... |
Tororo Cement in Kenya bid03 June 2009, Published under Cement NewsTororo Cement Industry (TCI) could reap the benefits from a limestone bid if Kenyan authorities approve the industry’s application to exploit eastern Kenya’s expansive limestone deposits. The offer comes a year after the cement manufacturer announced a $25 million (about Shs55 billion) expansion drive to meet the increasing local demand for cement attributed to the growing construction industry. The bid opening was arrived at by Eastern Kenya’s Mutumo District local authorities after they ... |
Binani Cement to raise funds for overseas expansion02 June 2009, Published under Cement NewsBinani Cement, part of the Braj Binani group, is looking for equity-linked fund raising options to fund its expansion abroad. The company, which currently has around 75% of its sales coming from India, wants to reduce it to 50% over the next five years and will expand into Africa, besides scaling up operations in China. "When most of the operations are in India, we are susceptible to market swings," said Vinod Juneja, managing director, Binani Cement. "We want to hedge our capacity." The ... |
Gresik focused on building Tuban plant02 June 2009, Published under Cement NewsThe persistence of residents of Sukolilo subdistrict, Pati, Central Java, rejecting the construction of a PT Semen Gresik factory, compelled the state cement company to start concentrating on building such a project in Tuban, East Java. "In view of problems in land procurement in Pati, for the time being we are building a cement plant in Tuban, pending the land procurement in Pati," head of the communications division of PT Semen Gresik Saefuddin Zuhri Friday. Besides, Saefuddin said, PT S... |
Shree shipments up 32 per cent YoY02 June 2009, Published under Cement NewsIndian cement producer Shree Cement said on Monday its May shipments rose 32.19 per cent to 735,000t, from 556,000t a year earlier. Total shipments during April-May period rose 29.91 percent to 1.52Mt, up from 1.17Mt a year ago, it said in an e-mailed statement. The firm has a capacity to produce 8Mta of cement at its plant in the northern state of Rajasthan. |
HeidelbergCement’s loan restructuring deadline moved02 June 2009, Published under Cement NewsLenders to HeidelbergCement have been given an extra week to approve the company’s loan restructuring plans, two bankers close to the deal said. HeidelbergCement is in the second phase of a loan restructuring that will move the maturity of around EUR9bn of bank debt to December 2011 after banks agreed to move the maturity of a EUR600m loan in mid-May. The phase two deadline for banks to respond to the plans has been stretched to June 5 from May 29, ahead of a hard deadline of June 17-18, t... |
India Aditya Birla May cement shipments up 19.5 per cent02 June 2009, Published under Cement NewsIndia’s Aditya Birla Group said on Monday cement shipments in May rose 19.5 per cent from a year ago to 3.18Mt. Production rose 20 per cent to 3.24Mt, the company said in a statement. The group’s cement business includes flagship Grasim Industries and unit UltraTech Cement, with combined production capacity of 42Mta. |