Cement News tagged under: international
Limestone reserves declining, MP, India06 March 2009, Published under Cement NewsWith limestone reserves declining, Madhya Pradesh may find it difficult to attract cement companies. During the last four years around 10 companies, with a combined investment of INR15,000 crore, have tried to explore mines for 25Mt but met with little success. The state mining department too has no latest data on limestone reserve. The government has allotted land to a number of companies for prospecting but most of them have found inadequate limestone particularly in Katni and Satna mine... |
Castle Cement rebrands as Hanson Cement06 March 2009, Published under Cement NewsHanson are to bring together their Castle Cement and Civil and Marine businesses to form the UK’s largest producer of cement-related products. Castle Cement are already one of the major players in Portland cement, with around a quarter of the UK market, while Civil and Marine are the leading producers of ground granulated blast-furnace slag (GGBS) for use as a high-quality cement replacement in ready-mixed and precast concrete. Operating as Hanson Cement, the combined business will run nin... |
Australia Boral separates its cement operations06 March 2009, Published under Cement NewsBuilding products maker Boral Ltd says its cement division will be separated into two new divisions, with the old division’s general manager to leave the company. Boral’s cement operations will be separated to become cement, and construction related businesses, Boral managing director Rod Pearse said on Friday. Executive general manager of the former cement division since 1999, Phil Jobe, will leave the company to join aluminium supplier Capral Ltd as chief executive officer, Mr Pearse sai... |
Lafarge Westbury closure set for April, UK06 March 2009, Published under Cement NewsOnly four jobs will remain at the Lafarge Cement Westbury plant when it ceases production in April. The consultation process with employees at the plant in Wiltshire has finished with the result that only four jobs will be saved when the plant begins to operate as a depot. The closure decision followed an announcement made last September to mothball half the site’s manufacturing, due to reduced demand and increased energy costs. The company has been working with staff to find altern... |
Egypt cement industry faring well, says analyst05 March 2009, Published under Cement NewsAs the global recession drags on, shifting market dynamics indicate that the Egyptian cement industry, despite mixed performances by industry companies on the stock exchange, may fare better than many other struggling industries. Despite a slump in the real estate market and falling prices, a boom in lower and middle-income housing should allow the industry to persevere. The real estate sector is expected to be in decline, based largely on a lack of consumer confidence at the high end of t... |
ACC capex plan on track, sees rise in demand05 March 2009, Published under Cement NewsACC said that cement demand has increased in the semi-urban and rural areas of the country. Despite slowdown fears, the company plans to go ahead with its capacity expansion plans. The company at present produces 22.4Mt of cement and plans to increase its capacity by around 9Mt by the middle of next calendar year. “The government’s initiative to lower the home loan rates has given a boost to the construction of individual homes in the semi-urban and rural areas,” J Datta Gupta, chief commer... |
Lafarge says expansion of Nigerian unit progressing05 March 2009, Published under Cement NewsLafarge, said on Wednesday the expansion of its unit to double Nigerian output to around 4Mta was progressing. Lafarge had signed a deal last year with Chinese supplier CBMI, which is part of China’s Sinoma International Group, to expand its Nigerian unit Lafarge Cement WAPCO and raise output from 2Mta. "The ongoing 2.2Mt expansion project is progressing," the local unit said in a notice announcing its 2008 full-year results. "Total estimated cost is EUR350m; to be financed by syndicated ... |
AfriSam rejigs BEE deal, South Africa05 March 2009, Published under Cement NewsBlack-owned cement producer AfriSam says it has saved R1bn in long-term funding costs by renegotiating the debt arrangement on its empowerment deal. In May 2007, a group of black investors known as the AfriSam Consortium bought an 85% stake in the cement producer from JSE-listed Aveng and Swiss firm Holcim for R13bn through euro-denominated funding provided by JP Morgan and Citigroup. At the time the deal was concluded, the rand was trading at R9.54 to the euro. It has since depreciated to... |
Jaiprakash Associates to hire 2000, India04 March 2009, Published under Cement NewsConstruction and cement firm Jaiprakash Associates will hire 2,000 people in 2009 for its ongoing expansion projects, said executive chairman Manoj Gaur in a report with The Economic Times. He also said that the company plans to give performance bonus and salary hikes to its existing employees this year. "Our manpower requirements are going to increase this year, as more cement plants are commissioned and construction on power plants and expressways progresses," said Mr Gaur. Of the pr... |
Siam City Cement may cut capacity, Thailand04 March 2009, Published under Cement NewsSiam City Cement (SCCC), Thailand’s second-largest cement company, may reduce its capacity utilisation unless state megaprojects begin this year. The company projects an 8-12% fall in consumption in the local cement market this year as the global downturn dampens construction. "The industry slump will also dampen the company’s sales performance. The best we can do is try hard to maintain our market share," said Kantanit Sukontasap, vice-president for group communications. "The only positi... |