Cement News tagged under: international
Decision reserved over Oamaru cement plant, New Zealand15 May 2009, Published under Cement NewsAppeals against resource consents granted to a proposed US$300m cement plant near Oamaru have concluded at the Environment Court. In 2008, the Waitaki District and Otago Regional councils approved the development at Weston, near Oamaru, subject to more than 1000 pages of conditions. The plant would produce 880,000tpa of cement, occupy an area 1km in length and have a chimney stack more than 100m high. The appeals were brought by Andrew Renalson and the Waiareka Valley Preservation Society... |
Lafarge inaugurates new production line, Ecuador15 May 2009, Published under Cement NewsLafarge is pursuing its strategy of internal growth in high-potential markets with a new production line in its Otalavo cement plant, in the province of Imbabura, 110km north of the capital city Quito. Inaugurated on May 14th by Mr. Bruno Lafont, Chairman and CEO of Lafarge, with Mr. Xavier Abad, Minister of Industry, the extension of the Otavalo cement plant was carried out in a record time of 18 months. It represents an investment of US$120m and doubles the cement production capacity of... |
Dragon Cement plant temporarily suspending production14 May 2009, Published under Cement NewsThe Dragon Cement plant in Thomaston is shutting down production for four to six weeks and temporarily laying off an undetermined number of workers. Plant manager Ray DeGrass told the Bangor Daily News that the move is a result of the slowdown in the construction business. "We’re completely full of inventory," DeGrass told the online publication Village Soup, which first reported the story. About 20 percent of the plant’s workforce was laid off in January, leaving about 110 workers at... |
Shortage of cement delays power projects in eastern India14 May 2009, Published under Cement NewsIndia is unlikely to meet power generation targets from its eastern region by 2012 due to a shortage of cement, officials said. “For power projects in the eastern region there is a requirement for cement in civil work... I don’t know why there is a shortage. Work has already slowed down for these projects having a capacity of 250MW and 500MW,” said a top official at the Central Electricity Authority, or CEA, India’s apex power sector planning body. The official, who didn’t want to be identi... |
UltraTech to proceed with expansion plan14 May 2009, Published under Cement NewsUltraTech Cement does not intend to restraint its expansion plans even though the domestic market is likely to see overcapacity in the next few quarters, reports Business Standard. The Aditya Birla Group company has already spent over INR30bn on projects to take its production capacity from 17Mt to 21.9Mt and plans to further scale up till 23.1Mt by June-end. The company had, last year, decided to spend around INR24bn on this till 2011. UltraTech, which currently has a share of 9% in the d... |
Lafarge to benefit from Malaysia economic activities14 May 2009, Published under Cement NewsWith a 40% market share in the Malaysian cement industry, Inter-Pacific Securities expects Lafarge Malayan Cement Bhd (LMC) to benefit from economic activities generated by the government’s pump-priming efforts. Amongst them, will be the extension of the light rail transit (LRT) from the Kelana Jaya and Ampang lines worth RM7 billion that was picking up pace, it said in a note yesterday. Local contractors were invited to submit expressions of interest for the project which should start work... |
Kuwait Cement slips into US$30.8m loss in 1Q0914 May 2009, Published under Cement NewsKuwait Cement Company slipped into a net loss of KWD 8.94m (US$30.8m) in the first quarter of 2009, versus a net profit of KWD15.56m a year earlier, the company said yesterday in a filing to the Kuwait Stock Exchange (KSE). The cement producer reported a loss per share (LPS) of 15.93 fils for the first three months of 2009, compared to earnings per share of 27.65 fils for the same period last year. The total assets declined to KWD 207.3m at end-March 2009 from KWD396.5m a year earlier. |
Arawak lobbying B’dos Govt14 May 2009, Published under Cement NewsBarbados Prime Minister was on a recent familiarisation tour to the Arawak Cement Company based in St Lucy and was welcomed by Chairman Jeffrey Mc Farlane and other board members, management and staff. TCL Group CEO Rollin Bertrand used the opportunity to highlight some of the issues of the company to lobby Government assistance and support for initiatives it plans to launch, including a proposal to burn used tyres as an alternative fuel to reduce the company’s energy bill while protecting ... |
Buzzi Unicem’s volumes down by a fifth14 May 2009, Published under Cement NewsBuzzi Unicem’s first quarter cement deliveries fell by 20.0% to 5.5Mt and the group ready-mixed concrete volume dropped by 20.4% to 3Mm³. The turnover was down by 22.2% to €587.35m and the EBITDA fell by 74.1% to €39.33m with a €12.11m loss being incurred at the trading level, compared with a profit of €102.28m. After a near quadrupling of the net interest charge to €32.48m, the pre-tax loss amounted to €45.25m. The net debt at the end of March was 12.0% ahead at €1,186.3m to give a gearing... |
New Mfamosing cement plant inaugurated, Nigeria14 May 2009, Published under Cement NewsUnicem, a joint venture of Lafarge (28%), Holcim (28%), Dangote (22%) and Flour Mills (22%) inaugurated on May 12 its new cement plant at Mfamosing, in Cross River State, Nigeria, in the presence of the Minister of Trade and Industry of Nigeria. Located less than 100km southeast of Calabar, capital of Cross River State, the new plant has a capacity of 2.5Mt of cement. It has been built by the consortium FLSmidth / OIC on behalf of Unicem. Operational since February 2009, it is equipped ... |