Cement News tagged under: international
Semen Kupang needs capital injection14 April 2009, Published under Cement NewsState cement maker PT Semen Kupang, lying idle since early last year, will need a capital injection of Rp250bn (US$22.7m) to resume operation and service debt. The company could not operate as it ran out of working capital, the Indonesian Cement Association said. The government should step in and help restructure the debt of the company to allow it to resume operation, an official of the association said. The cement company expanded its capacity from 300,000t to 570,000tpa using US dollar... |
Iran says self-sufficient in cement production14 April 2009, Published under Cement NewsThe self-sufficiency of Iran’s cement industry was celebrated on Monday [13 April] in the southern city of Bushehr concurrent with inaugurating a cement factory by first-vice president Parviz Davudi. The factory will add 1.5Mt to the country’s annual cement production capacity. Industries and Mines Minister Ali-Akbar Mehrabian and some high-ranking provincial officials attended the ceremony, according to the Mehr News Agency. The country’s cement production capacity in last Iranian calend... |
Turkish Oyak Cement sees ’09 profit down14 April 2009, Published under Cement NewsOyak Cement Group is forecasting a nine per cent decline in gross sales in 2009 and 15 per cent lower profits, the group said in a statement on Friday. The group’s four listed companies are Adana Cement, Bolu Cement , Mardin Cement and Unye Cement . Oyak Cement Group President Celalettin Caglar also said in a news conference that the company would do best to grow through acquisitions in Europe, rather than organic growth. "We entered the financial crisis with a serious amount of cash. We ... |
Ash Grove workers return to Montana City plant11 April 2009, Published under Cement NewsAsh Grove Cement Co plans to start allowing workers return to its Montana City works, after a voluntary shutdown triggered by concern about asbestos. Operations were closed abruptly on March 16 after a company geologist suspected tremolite asbestos in rock at the Ash Grove quarry. The March 16 closure sent 57 hourly employees home with pay. The Montana Department of Environmental Quality said testing involved more than 200 samples collected by Ash Grove, DEQ and the U.S. Mine Safet... |
Foreign interest in Lanka Cement blocked11 April 2009, Published under Cement NewsThree cement firms with foreign interests operating in Colombo are blocking another foreign player from striking a deal with partly, state-owned Lanka Cement (LC), according to sources close to the company. "Iranian based Sterling Investments and Development Ltd. (SIDL) has offered to set up three cement bagging plants with LC but three powerful firms in order to preserve their current monopolies are said to be arm-twisting some state officials to stop them from going ahead with this projec... |
Lafarge suspends production until May, Slovenia09 April 2009, Published under Cement NewsLafarge Cement, will shut down on Thursday its kiln until the end of the month because falling demand has caused a rise in its stocks of clinker and cement. Chairman Iztok Virant said that the sales and distribution will be carried out without interruptions because the company had enough stocks. If the activity in the construction sector picks up, the kiln will be relaunched before the beginning of May, he added. Falling sales had already forced the company to suspend production in mid-De... |
Bhutan exports drop with growing domestic demand09 April 2009, Published under Cement NewsThe Penden cement authority limited (PCAL) in Gomtu will reduce supply to the Indian market to meet a growing home demand. “Around 15 per cent of sales to India will be reduced to meet domestic demand, which is always given priority,” said PCAL sales manager, Sherab Tenzing. Domestic demand, officials say, has increased with more development work taking place in the country, especially the hydroprojects. The authority’s deputy sales and marketing officer, Thinley, said that there was huge... |
Maryneal plant to undergo US$20m project09 April 2009, Published under Cement NewsBuzzi Unicem USA representatives Dirk Beese, Senior Vice President/Chief Financial Officer and Robert Sagmeister, Maryneal plant operations manager, appeared before the Nolan County Commissioners Court Tuesday, March 31, 2009 to discuss and update the commissioners on the planned expansion and upgrade of the Maryneal, Texas Plant. Beginning as early as 2010, Buzzi Unicem USA intends to begin a US$20m project to replace the plant’s existing finish mills with a new state of the art finish mi... |
India: further hikes in cement prices ahead09 April 2009, Published under Cement NewsWhile the prices of most commodities in India have cooled, cement continues to buck the trend with prices being hiked several times last month, reports DNA India. However, that’s not the end of it, say cement dealers. Prices are all set to move further up, they assert. Echoing their views was Paul Hugentobler, deputy chairman, ACC Ltd, the largest cement manufacturer in India. On the sidelines of the company’s annual general meeting on Wednesday, he said, "Prices will go up further because... |
ACC moves ahead with expansion plans09 April 2009, Published under Cement NewsACC of India will spend INR29bn (US$575m) on capacity expansion in 2009 and 2010, Reuters reported Chairman NS Sekhsaria as saying. "We are moving ahead with our planned expansion. There is no slowdown in the projects taken up," he told shareholders at the firm’s annual general meeting. ACC, 46 per cent owned Holcim, is expanding capacity by a third to 30Mt by 2010. |