Cement News tagged under: international
EBRD to provide Garadagh Cement with EUR 170m loan11 March 2009, Published under Cement NewsThe EBRD is considering arranging the financing of Garadagh Cement OJSC modernisation and expansion. The company is planning to increase clinker production capacity from 2616tpd to 4000tpd and annual cement production capacity from 1.1Mt to 1.7Mt, without clinker imports. The plant is located approximately 35km south of Baku, the capital of Azerbaijan. The financing will be drawn down during the construction period from mid 2009 through the first half of 2011, when commissioning of the new k... |
Binani Group plans in Mauritius taking shape11 March 2009, Published under Cement NewsThe Binani Group has been allotted four hectares near Port Louis by the Mauritius Port Authority for setting a 0.5Mt grinding unit along with a captive power plant. Mr Vinod Juneja, Managing Director, Binani Cement, said the company had asked for 10ha of land as it intends to expand the capacity of the planned grinding unit to 1Mt. The company will be investing US$30m in the project to be completed within a year. The debt-equity ratio for investment into the Mauritius plant will be 1:1. “... |
Italcementi’s Turkish profits virtually eliminated last year10 March 2009, Published under Cement NewsItalcementi’s turnover was off by 3.8% last year to €5,775.9m, while higher energy costs and pressures on prices in some markets led to a 20.7% drop in the underlying EBITDA to €1,113.1m. The trading profit fell by 36.6% to €607.3m. Net financial costs declined by 27.3% to €86.3m, thanks to the receipt of €50m from Sibirskiy Cement as a penalty for the non-completion of the deal to sell Set Çimento. The running profit before tax was 36.0% lower at €545.3m, before charging €124.9m for the ... |
Gansu Qilianshan Cement to build new production line10 March 2009, Published under Cement NewsGansu Qilianshan Cement Co., Ltd. (China) today announces that it will spend CNY 454.68 million building a 3,000-ton cement precalcining production line, in a bid to effectively integrate its resources in southeast Gansu, a northwestern Chinese province, reports SinoCast. Its wholly-owned subsidiary, Gangu Qilianshan Cement Co., Ltd., will be responsible for this construction, so the Shanghai-listed cement producer agrees to inject additional CNY 90 million into the subsidiary. By la... |
Holcim (New Zealand) to proceed with new plant, pending environmental ruling10 March 2009, Published under Cement NewsHolcim (New Zealand) Ltd chief executive Mr Jeremy Smith told the Environment Court Holcim hearing yesterday that he would recommend to Holcim’s New Zealand board of directors that the $300m Weston plant and its quarries proceed, reports the Otago Daily Times. At the earliest, that would be late this year. The board’s recommendation would then go to Holcim’s parent board in Zurich for final approval. Holcim had already spent about $15 million since the project started in 2004. ... |
Essroc to mothball Lawrence County plant10 March 2009, Published under Cement NewsEssroc Cement Corp. will mothball its Lawrence County plant in May, possibly closing the factory for good, according to Bizjounrals.com. The Nazareth, Pa.-based cement manufacturer filed a WARN notice with the state March 2, stating that the layoffs of 113 employees may be permanent. Essroc’s Bessemer site supplies cement to customers in eastern Ohio and western Pennsylvania. The company is North America’s largest cement producer by capacity. Slumping construction sta... |
Sharaf Group Fujairah plant to proceed10 March 2009, Published under Cement NewsSharaf Group, one of UAE’s largest business conglomerates, is "reviewing" the list of projects that it will launch this year. According to Sharafuddin Sharaf, Vice-Chairman of Sharaf Group, the company may freeze some of its projects that are not economically feasible due to the current economic climate, reports Emirates Business. However, most of the projects would continue, he said. "We are not stopping projects that are already in the pipeline." For one, Sharaf is continuing its c... |
British Cement Association merges with Mineral Products Association10 March 2009, Published under Cement NewsThe Mineral Products Association (MPA) has been formed from the merger of the British Cement Association, the Quarry Products Association and the Concrete Centre, reports the Builders Merchants Journal. Representing around 222 members across the UK, the association covers aggregates, asphalt, cement, concrete, lime, mortar and silica sand. The formation of the new group has been welcomed by British Precast, the concrete products industry association. British Precast c... |
Southern African cement sales fall10 March 2009, Published under Cement NewsCement sales in the Southern African Customs Union fell 18 percent to 1.02 million tons last month, the Johannesburg-based Cement and Concrete Institute said yesterday. The union includes South Africa, Botswana, Swaziland, Lesotho and Namibia, reports Bloomberg. |
Semen Tonasa to boost production by 2.5Mt10 March 2009, Published under Cement NewsPT Semen Tonasa (Indonesia) - a subsidiary of PT Semen Gresik Tbk -plans to boost production capacity by 2.5 million tons per annum this year by starting the construction of unit V of its plant, reports Bisnis Indonesia. The company will spend a total investment of US$318 million on the new project in South Sulawesi. "The ground breaking will take place in April 2009," said Director of Downstream Chemical Industry at the Department of Industry Tony Tanduk yesterday. A... |