Cement News tagged under: international
IFC arranges US$160m to build new plant in Kazakhstan22 January 2009, Published under Cement NewsVicat has announced that the financing of Jambyl Cement’s greenfield cement plant in Kazakhstan has been completed. The US$160m financing has been arranged by International Finance Corporation (IFC), and it includes a first USD50m tranche financed by IFC and a second US$110m tranche syndicated with Calyon, Société Générale, Crédit Industriel et Commercial and Banca Intesa. Maturities are 10 and seven years respectively. IFC has also made an equity investment in this project, initiated by V... |
China Runji files application for third line22 January 2009, Published under Cement NewsChina Runji Cement Inc (CRJI), a leading producer and distributor of cement in Anhui Province of China today announced that the Company has passed the water and soil preservation assessment at the construction site of its third cement clinker production line, hence allowing the Company to submit a formal application for commencing the construction work on its third production line with an anticipated output of 4,500 tons of cement per day. After the third cement production line is online, C... |
Shui On may list Lafarge China JV22 January 2009, Published under Cement NewsHong Kong’s Shui On Construction and Materials may spin off its China joint venture, Lafarge Shui On Cement, for a listing on the Hong Kong stock exchange, the South China Morning Post reported. The listing plan is in its initial stages, withh no sponsor for the listing appointed as yet, said Shui On chairman Lo Hong-sui. Shui On’s managing director Wong Yuet-leung said the joint venture partners will spend between CNY800m and CNY1bn to expand capacity by 600,000t to 30Mt. |
JP Associates registers 33.93% gwth in turnover21 January 2009, Published under Cement NewsJaiprakash Associates Limited (JAL), recorded a total income of Rs 3921.87 crore for the nine months of current fiscal; an increase of 33.93% as compared to Rs 2928.36 crore in the corresponding previous period. EBIDTA for 9MFY09 improved to Rs 1176.22 crore; an increase of 27.57% as compared to Rs 922.01 crore in the corresponding previous period. Net profit for the 9MFY09 was at Rs 495.90 crore as against Rs 399.26 crore in 9MFY08. The earnings per share (EPS) for 9MFY09 stood at Rs 4.22 p... |
Financial crisis slows down Polish investment21 January 2009, Published under Cement NewsThe poor condition of the construction materials market and concerns about the future have caused Gorazdze Cement to correct its investment plans. Some of the investment projects are postponed until 2010. For the time being Gorazdze president Andrzej Balcerek is unable to state exactly what the annual investment budget will be, because it may have to be corrected again. Lafarge is not revealing its investment plans either, because of the uncertain situation. For the time being the company ... |
India cement prices to remain under pressure21 January 2009, Published under Cement NewsThe short-term demand outlook for cement continues to remain weak and downward pressure on cement prices is expected to continue, an economic think-tank has said. The Government had, last month, announced an across-the-board cut of four per cent in ad valorem excise duty and in response cement companies cut their prices by four to seven per bag in different regions across the country. However, this is not expected to provide a major boost to the real estate sector immediately, Centre for M... |
Turkey’s cement production increases21 January 2009, Published under Cement NewsTurkey’s cement production in 2008 reached 43.9Mt according to calculations made at the end of October, said a report by the Turkish Cement Manufacturers’ Association. Cement production during the same period a year earlier was 41.9Mt, showed the report, which was delayed for two months. The report showed there was a monthly production increase of 4Mt. Turkey’s total cement production is expected to reach 52Mt by the end of the year. If that figure is reached, Turkey will set a new record ... |
Opposition group discuss proposed Titan Plant21 January 2009, Published under Cement NewsA forum was held on Wednesday night by a group that opposes the proposed Titan Cement Plant being built in Castle Hayne. More than fifty people attended the meeting at New Hanover Regional Medical Center. Local experts on health and the environment spoke about the potential hazards of a plant the size of what Titan proposes to build. One pediatrician says the community faces the risk of health problems, birth defects, and mental disorders if the plant is built. Titan representatives say ... |
Holcim Romania: construction growth to slow20 January 2009, Published under Cement NewsThe construction sector in Romania grew by 10-15% in 2008, but it will temper its pace in 2009, due to the financial crisis and the change of lending conditions, Markus Wirth, Holcim Romania’s general manager, told local press on Monday. “For 2009, we expect the same ascending trend of this market, yet at a lower level because of the change of the conditions for credits for houses, but also because of the financial crisis,” Wirth said. In 2008, the construction sector will continue its ev... |
Semen Gresik selects three acquisition advisors, Indonesia20 January 2009, Published under Cement NewsCredit Suisse, JP Morgan Securities, and Merrill Lynch are in line to be selected as advisors for PT Semen Gresik Tbk (SG) in its acquisition plans of Malaysian and Thai cement firms. Vice president Director of SG Heru S Adhiningrat said the company is seriously looking to acquiring cement firms in a bid to boost production volume in the near future. "We will appoint advisor this month. They help us study the acquisition plan of cement companies in Southeast Asia which is near to Indonesia... |