Cement News tagged under: international
Lafarge plans factories in Abu Dhabi, Saudi Arabia19 January 2009, Published under Cement NewsLafarge plans to open a cement factory in Saudi Arabia and a readymix concrete factory in Abu Dhabi, said its chairman. "We have readymix concrete plants in Dubai, Sharjah and Ajman and we will start a new one in Abu Dhabi. The factory is under construction and we expect to start production early next year," said Bruno Lafont Chairman and Chief Executive Officer. "We are also pursuing the opening of a cement factory in Saudi Arabia. "The UAE is one to two percentage of our business and th... |
Development of Indarung VI cement plant considered urgent19 January 2009, Published under Cement NewsPT Semen Padang, a state-owned enterprise under Semen Gresik Group (SGG), targets to start the construction of the new cement plant (Indarung VI) with a capacity of 2.5Mt in the fourth quarter of 2009. The project is estimated to require IDR3.8 trillion worth of investment. The project is important since the existing cement plants have been operating in full capacity, In addition, the II and III Indarung plants are getting old, making their productivities decline. The completion of the Ind... |
Holcim Philippines extends plant shutdown19 January 2009, Published under Cement NewsHolcim Philippines, one of the country’s leading cement-makers, has prolonged the "economic shutdown" of a production line in Mindanao until end this year and reducing its total operating capacity by over 12 per cent due to continuing low domestic demand. But Holcim Philippines chief operating officer Ian Thackwray reiterated in a statement that it is not a plant shutdown, but an economic shutdown of only one production line in Holcim-Lugait Plant and that there were no job losses as a resu... |
Taiwan Cement Corp. to Supply Infrastructure Works in China16 January 2009, Published under Cement NewsTaiwan Cement Corporation, a leading cement maker in Taiwan, recently acquired orders to supply infrastructural projects in China, including Fuzhou Airport Rapid Transit System, Guangzhou expressway and railway construction. Taiwan Cement aims to derive 30% of its 2009 sales from China ’s infrastructural projects. Huang Chien-chiang, vice president of Taiwan Cement, noted his company’s Fuzhou plant has annual capacity of two million metric tons and concentrates on public works in the Fuzhou ... |
Semen Padang to build power plant16 January 2009, Published under Cement NewsIndonesian state-owned cement maker PT Semen Padang will build a power plant generating electricity from waste heat from the kilns at its cement factories in West Sumatra. The 8.5 megawatt power plant will be built in cooperation with New Energy and Industrial Technology Development Organization (Nedo) from Japan with an investment of Rp203.6 billion (US$18.5 million). |
Gresik Plans regional acquisitions as demand slows16 January 2009, Published under Cement NewsPT Semen Gresik, Indonesia’s biggest cement maker, plans to acquire overseas competitors for the first time as demand at home tapers from record growth in 2008. The company may hire an adviser this month to identify potential acquisitions and plan a three-year overseas expansion strategy, President Director Dwi Soetjipto said in an interview in Jakarta, declining to give details. “It’s not easy to build a new brand” in a new market, so buying a company would be easier, Soetjipto, 53, said ... |
Cemex California cement agrees to reduce emissions16 January 2009, Published under Cement NewsIn the largest settlement yet in the U.S. Environmental Protection Agency’s ongoing cement kiln enforcement initiative, the U.S. Department of Justice, on behalf of EPA, today lodged a consent decree with the U.S. District Court for the Central District of California resolving Clean Air Act claims against Cemex California Cement LLC with respect to the company’s Victorville, Calif., Portland cement plant. The settlement will resolve claims asserted in a 2007 complaint that Cemex is releasin... |
Goldman considers stake in HeidelbergCement16 January 2009, Published under Cement NewsSeveral private equity firms are interested in purchasing a stake in German HeidelbergCement AG, Wall Street Journal reported on Friday, citing sources in the know. Among others, the private equity arm of US Goldman Sachs is interested in the cement producer, possibly in co-operation with financial investor TPG Capital. Another candidate is said to be French PAI Partners. HeidelbergCement gained the most in almost four weeks in Frankfurt on the Wall Street Journal report, rising as much as... |
China Runji Cement Inc receives government grant15 January 2009, Published under Cement NewsChina Runji Cement Inc, a leading producer and distributor of cement in Anhui Province of China, today announced that the Company has received RMB 3,650,000 (US$528,986) or 60% of a government grant totaling RMB 6,075,000 (or US$ 880,435) on January 13, 2009. The grant was given to CRJI as a result of the endorsement of its waste heat power generator by the National Development and Reform Commission (NDRC) in the NDRC’s 2008 Energy-saving & Technical Reform Fiscal Allowance Project Plan. |
India: ’Cement sector to see M&As by 2009-end’15 January 2009, Published under Cement NewsThe Indian cement industry may witness M&A activity again by the end of 2009, say industry watchers. However, this time, valuations will be low and deals will be driven by a strategic desire to exit rather than financial compulsion to restructure, they opine. Sourav Mallik, executive director, Kotak Investment Bank, said, "Large players or MNCs will make acquisitions when new entrants and small companies start feeling margin pressures." Apart from issues relating to oversupply, small compan... |