Cement News tagged under: international
Indian government to launch Rs.1,000bn infrastructure projects09 January 2009, Published under Cement NewsFollowing the announcement of two stimulus packages, the Indian government is all set to kickstart massive infrastructure projects worth Rs.1,000 billion (Rs.1 lakh crore/$20 bn), Minister of State for Industry Ashwani Kumar said here Thursday. "Infrastructure projects worth Rs.1,000 billion (Rs.1 lakh crore) will be started in 100 days. This will have a positive impact on various industries like cement and steel," he told reporters on the sidelines of the seventh Pravasi Bharatiya Divas (... |
Denmark: Aalborg Portland announces redundancies09 January 2009, Published under Cement NewsDanish cement producer Aalborg Portland is make up to 150 employees, corresponding to one fourth of its staff, redundant. The decision is due to falling sales of cement both in Denmark and abroad as well as price pressure from cheap cement imported into Denmark. |
DJ Lafarge-Shui On to raise Sichuan Shuangma stake09 January 2009, Published under Cement NewsLafarge-Shui On Ltd. plans to raise its stake in Sichuan Shuangma Cement Co to 80% in a deal worth CNY2.8 billion ($409 million), the deal’s underwriter said Friday. Lafarge-Shui On, a joint venture between Lafarge SA (LFRGY) and Shui On Construction & Materials Ltd. (0983.HK), is currently the largest shareholder of the Chinese cement maker with a 57% stake. Sichuan Shuangma will issue an additional 368 million shares to Lafarge-Shui On at CNY7.61 each, said China Euro Securities Ltd., a... |
Holcim: no comment on interest for HeidelbergCement09 January 2009, Published under Cement NewsHolcim Friday declined to comment whether it is interested in buying a stake in Germany’s HeidelbergCement AG, according to reports by Dow Jones Newswires, but added it continues to look for suitable takeover targets. "We don’t want to comment on Heidelberg at the moment," Holcim spokesman Peter Gysel said. "Of course, we’re looking at options which would add value, as we’ve always said," he added. Financing takeovers currently isn’t easy, the spokesman said. "But we have a strong balanc... |
Cemex plans six-month closure of Davenport plant09 January 2009, Published under Cement NewsCemex plans to close its Davenport plant and lay off the bulk of its local work force, about 125 employees, for a minimum of six months beginning March 9, company officials announced Thursday. The temporary closure of the 100-year-old North Coast factory comes in the wake of a severe downturn in the economy, which has translated into a drastic drop in demand for cement across California - especially in the housing industry, Cemex spokeswoman Jennifer Borgen said. "Demand does not exist ri... |
Thailand’s cement industry 2009 outlook08 January 2009, Published under Cement NewsAfter already seeing a couple of weak years with domestic cement demand declining 5.0% in 2007 and 10.9% in 11M08, according to a report by KGI Securities, consumption is anticipated to continue to head south and drop another 10.0% YoY in 2009. Poor investment sentiment, coinciding with the weak economy, would cap private investment activities, thereby pressuring local cement sales. Nevertheless, KGI do not expect cement demand to plunge 42.0% as was seen in 1998, as the low base for local c... |
Tug boat skipper says cement barge hit a reef08 January 2009, Published under Cement NewsA tug boat skipper says he lost control of a barge after it hit a reef, stranding the barge for days on shore near McMicking Point. The 60-metre barge was loaded with cement when it ran aground on New Year’s Eve. "Trying to regain control of it we ended up on the beach," said Dave Hodgson, skipper of the Inlet Rover, the lone tug pulling the Lafarge barge from Vancouver to Victoria. The 65-year-old skipper has almost 50 years experience in the marine towing industry and was working that ni... |
Sri Lanka cement company resumes trading after two years08 January 2009, Published under Cement NewsLanka Cement said it had resumed trading in cement with the chartering of a vessel to make regular shipments to Sri Lanka’s northern Jaffna peninsula. It said in a stock exchange filing its resumption of trading may have contributed to the sudden increase in the trading volumes and price of its shares on the Colombo bourse. "Lanka Cement PLC has recommenced trading in cement after a lapse of two years," the statement said. "At present the company is importing regular shipments of cement f... |
Vietnam likely to withdraw license of VND3trn cement project08 January 2009, Published under Cement NewsAuthorities in the northern Ninh Binh province, Vietnam have requested Phu Son Cement Joint Stock Company to speed up the construction pace of its VND3 trillion cement project, or else they will revoke the license, the Thoi Bao Kinh Te newspaper reported. The large cement project has reported to have now lagged one year behind schedule, the newspaper said. The Phu Son cement plant, set to have an annual capacity of 1.2Mt of cement, was approved in 2007. The project had been scheduled to b... |
Commission OKs rezoning for mine, plant, US07 January 2009, Published under Cement NewsThe Houston County Board of Commissioners approved rezoning an additional 313 acres for a new cement plant and limestone mine off Ga. 11/U.S. 341 in southeast Houston County at its regular meeting Tuesday morning. The tract rezoned from agricultural to general industrial and mining for Houston American Cement is adjacent to 1,946 acres that the commission had rezoned in 2007 for the cement plant and limestone mine that the company plans to develop and operate. "This is simply an expansion ... |