Cement News tagged under: international
Tank-Weld to boost cement supply22 December 2008, Published under Cement NewsTank-Weld Metals has sealed a 10-year agreement with an international company to start supplying cement to the Jamaican market as early as February next year. The long-term agreement, which was being negotiated for two months, was signed on Friday between Tank-Weld and Vulcan Materials, a United States-based company. "They are a reputable company that produces high-quality cement," Chris Bicknell, chief executive officer of Tank-Weld told The Sunday Gleaner. |
Afrisam workers hardest hit by cement shortage22 December 2008, Published under Cement NewsAs the whole country is engulfed by the shortage of cement, Afrisam employees seem to have been the hardest hit by this predicament. This is because their end of year performance bonuses are awarded according to the amount of cement they have sold, but indicators show that this year they did not do well hence the growing fears that their bonuses might be slashed down. The shortfall of cement in the country mainly caused by a high demand of cement in neighbouring South Africa has seriously... |
VN’s biggest cement plant opens in north22 December 2008, Published under Cement NewsThe country’s biggest cement factory began operations on Thursday in Le Loi Commune, Hoanh Bo District in the northeastern province of Quang Ninh. The newly built Thang Long factory has a capacity of 2.3Mta of cement. Construction began in 2005 on an area of 85ha with total investment capital of VND6trn (US$35m). The factory is equipped with modern technology from Germany’s Polysius Group. The Group’s quality technlogy is globally popular due to its friendly effect to the environment. This... |
Government may increase stake in Semen Gresik22 December 2008, Published under Cement NewsThe government is thinking to increase its share ownership in the country’s largest cement maker PT Semen Gresik after the establishment of a holding company to group the shares of several local state-run cement producers, an official says. Secretary to the State Minister for State Owned Enterprises Said Didu said the government would be able to raise its stake in the company should minority shareholders agree to swap their shares for an equivalent in (waived) tax obligations. "For state-o... |
Merckles May Surrender 53 per cent stake in HeidelbergCement to banks22 December 2008, Published under Cement NewsGermany’s billionaire Merckle family may be forced to surrender a 53 per cent stake in HeidelbergCement AG to banks, part of last-minute efforts to keep its investment companies afloat, three people familiar with the situation said. A group of more than 30 banks led by Commerzbank AG, Deutsche Bank AG, Royal Bank of Scotland Group Plc and Landesbank Baden- Wuerttemberg demanded the stake in return for a €700m(US$971m) refinancing package for the family’s Spohn Cement GmbH investment unit, s... |
Salonit’s revenues to top EUR 84m in 2008, Slovenia19 December 2008, Published under Cement NewsCement producer Salonit Anhovo expects to post revenues to the tune of EUR 84m in 2008, up 10% YoY and one fifth above the target, director general Joze Funda told the press on Thursday. Net profit is to amount to EUR 14m. Despite the recession, the company is planning revenues in excess of EUR 80m next year. By the end of the year, Salonit expects to sell some 995,000t of cement (up 5.6% compared to the year before), almost one fourth of which will be exported. Exports have risen 50% compa... |
Sri Lanka prices to go down19 December 2008, Published under Cement NewsSri Lankan government has decided to reduce the maximum retail price of state imported cement by Rs. 75 from yesterday midnight. Consumer Affairs Ministry said that this decision was taken at a special meeting held with the President Mahinda Rajapaksa yesterday evening. At the moment the price of a 50 kg cement bag in Sri Lanka is Rs. 785 and with the price reduction it will be Rs. 715, the Ministry said. |
Cement firms in north India may meet ACC fate19 December 2008, Published under Cement NewsWith domestic cement major ACC succumbing to the economic slowdown and shutting down its 2.4Mt clinker unit in Himachal Pradesh, industry experts say that other cement makers in the North may not remain insulated for long. The possibility of either similar shutdowns or substantial cuts in capacity utilisation in the region is imminent as the overall consumption growth there is only 1 per cent, according to the latest statistics from the Cement Manufacturers’ Association (CMA). Out of the s... |
CCANZ appoints new Chief Executive19 December 2008, Published under Cement NewsThe Cement & Concrete Association of New Zealand (CCANZ) has appointed Rob Gaimster to the position of Chief Executive. Gaimster, who is a chartered civil engineer and has an MBA, joined the CCANZ as project manager two years ago. He previously worked in the UK, where he held national technical and operational roles for heavy building materials company RMC Group/Cemex. |
Panama: high price of cement19 December 2008, Published under Cement NewsConstructors have two reasons to worry, according to the Panama Star. Next year the sector will not register the same growth rate of recent years and they will have to deal with the high priced cement. Walter Medrano, president of the Panamanian Chamber of Construction, CAPAC, hopes that the price will go down now that oil prices have decreased significantly, seeing as the recent price hike to more than seven dollars a sack was justified with the high fuel costs. "Nowadays," Medrano exclaim... |