Cement News tagged under: international
Roanoke Cement Company Recognized for Safe Terminals16 December 2008, Published under Cement NewsThree Roanoke Cement Company (RCC) sites have achieved 11 years without a lost time accident: Castle Hayne, Richmond and Winston-Salem terminals. The Portland Cement Association, a national trade group located in Skokie, IL, has recently recognized RCC with a certificate commemorating the event. "This is a special milestone in that for 11 years, no employee of these three terminals was injured or had to miss work," says Ronnie Collins, who has served as Business Unit Safety Manager for the ... |
Indonesian Nov cement sales fall 2.4 per cent16 December 2008, Published under Cement NewsIndonesia’s November cement consumption fell by 2.4 per cent to 3.27Mt from a year ago due to weaker demand in Java, the most heavily populated island and main cement market, industry data showed. However, total cement consumption for the year to date has risen 12.6 per cent to 34.96Mt, thanks to a boom in infrastructure and other construction. PT Semen Gresik Tbk, Indonesia’s biggest cement producer, said its domestic sales climbed 1.2 per cent to 1.48Mt in November compared from a year a... |
Cemex sees big fall in Q4 results16 December 2008, Published under Cement NewsCemex said on Monday it expects a sharp drop in fourth-quarter revenues and pre-tax earnings but is making progress on refinancing its huge debt load. Cemex, which is facing a sharp slowdown in its top market, the United States, forecast earnings before interest, taxes, depreciation and amortization (EBITDA) of around $800m in the fourth quarter, about 27 per cent lower than the year-ago period. The company said the sharp fall was exacerbated by the recent loss of its Venezuela assets. Wit... |
China’s industrial output growth slows to nine-year low15 December 2008, Published under Cement NewsChina’s industrial output in November grew by 5.4 per cent YoY, the lowest monthly growth rate recorded by the country since 1999, according to the National Bureau of Statistics. The November growth rate represents a 2.8 percentage point drop from that of October, and an 11.9 percentage point tumble from the rate recorded in November 2007, though the country’s industrial output in the 11 months between January and November still expanded by 13.7 percent on an annual basis. C... |
Cement plant work continues, US15 December 2008, Published under Cement NewsCemex is continuing to develop a $400 million cement production project in northern Arizona, about 15 miles northwest of Seligman. Cemex officials are collecting weather and pollution dispersion data as required for an air pollution control permit application under review by the Arizona Department of Environmental Quality. No permit decision is expected before early 2010 but environmentalists are concerned that annual plant emissions may harm the nearby Colorado River, Grand Canyon and H... |
Sugar Creek committee denies mine expansion15 December 2008, Published under Cement NewsA city advisory committee has blocked requests by Lafarge North America to expand its Sugar Creek mining operations. Lafarge operates underground mines that stretch hundreds of yards towards Independence and downtown Sugar Creek. The company wanted Sugar Creek officials to approve additional tunnels and mining operations on tracts of land near E. Kentucky Rd., N. Jennings Rd., and E. 18th St. N. The company told the city that its blasting technology is safe, and offered to document the cur... |
Federal Government targets 10Mt of cement in 200915 December 2008, Published under Cement NewsNigeria’s Supervising Minister, Federal Ministry of Commerce and Industry, Dr. Aliyu Idi- Hong, has said the Federal Government is targeting a cement production volume of 10Mt in 2009, through a deliberate utilisation and increase in the installed capacity of all cement companies in the country. He stated this on Thursday in Abuja during a press briefing organised to acquaint members of the public with the ministry’s activities over one year. The minister said that the current production c... |
Goldman Sachs buys 25% stake in Hongshi Cement15 December 2008, Published under Cement NewsWall Street bank Goldman Sachs has paid $120m for a 25 per cent stake in Hongshi Cement, the biggest cement maker in China’s eastern Zhejiang province, China Business News reported Monday. Founded in 2002, Hongshi Cement is expected to notch up a sales revenue of 3 billion yuan ($438 million) this year. The company is planning to produce a total of 30-35 million tons of cement from 2007 to 2012. In addition to its seven subsidiaries in Zhejiang, Hongshi also has operations in Yunnan, Sichu... |
Caribbean Cement in a "worse slump than ’06"15 December 2008, Published under Cement NewsGeneral Manager of Caribbean Cement, Anthony Haynes says the industry is now experiencing a slump worse than the 2006 cement crisis. Mr. Haynes, who was speaking at a Rotary Club meeting on Thursday, said Caribbean Cement supplied 189,000t of cement to the market during the March to May 2006 crisis in which tonnes of poor quality cement was recalled. Meanwhile in the last three months of this year, only 184,000 tonnes were supplied, 41,000 less than the amount it supplied in the same period... |
India surplus capacity to weaken cement prices15 December 2008, Published under Cement NewsThe cement sector has been battling with a loss of investor confidence since the past year or so, with the ET Cement index declining a whopping 67.2% over the past one year, compared to a 52.4% fall in the Sensex during the period. In addition, several cement stocks like ACC, Grasim and Shree Cement had touched their individual 52-week lows on October 27, and have recovered somewhat since then, in line with a recovery in the broader market. For instance, ACC ended Friday’s trade at Rs 494, ... |