Cement News tagged under: international
PPC and Cimpor to raise South African cement prices05 December 2008, Published under Cement NewsPretoria Portland Cement (PPC) will increase its cement price by an average of 15 per cent next month and Cimpor is also planning to hike prices simultaneously. Piet Strauss, the managing director of NPC-Cimpor confirmed yesterday that the biggest supplier of bulk cement in KwaZulu-Natal would raise prices from January 1, but declined to comment on the size of the increase. NPC-Cimpor was severely criticised in October for imposing a five per cent hike effective from last month, its third ... |
Grasim, Lafarge not to defer ready-mix plan05 December 2008, Published under Cement NewsLafarge and Aditya Birla group’s Grasim Industries are sticking to their plans of adding ready-mix units in the country. "We have no plans to put our ready-mix expansion plans on hold. They are on schedule. ready-mix, though at present a new concept in the country, is the future of cement business," said a senior executive in the Aditya Birla group, which operates its cement business under Grasim Industries. Overall, the ready-mix business is a loss-making division. "Unless volumes grow sub... |
Cemex: World Bank unit to hear Venezuela dispute05 December 2008, Published under Cement NewsA World Bank arbitration division has agreed to consider a complaint by Cemex against Venezuela’s nationalisation of its local cement plants, a company spokesman said Thursday. Cemex, the world’s third-largest cement maker, has called the confiscation of its assets a "flagrant violation" of Venezuela’s constitution and its expropriation laws. The Monterrey-based company announced in August that it would seek arbitration by the International Center for Settlement of Investment Disputes, an ... |
Shree Cement Nov shipments up 34.5 per cent04 December 2008, Published under Cement NewsShree Cement said on Thursday its November shipments rose 34.5 percent to 615,000t, from 457,000t a year earlier. Total shipments between April to November 2008 rose 23.17 per cent to 4.73Mt from 3.84Mt a year ago, it said in a statement. The firm has a capacity to produce 8Mt of cement annually at its plant in the northern state of Rajasthan. |
Binani Cement plans Mauritius unit in ’0904 December 2008, Published under Cement NewsThe Braj Binani-backed Binani Cement is all set to put up Mauritius’ first cement plant, which will begin production by the end of 2009. Vinod Juneja, managing director, said the company has received in-principle clearances in Mauritius. "It will take 7-9 months to set up the plant. So production will commence from 2009-end," he said. The grinding unit will first produce 0.5Mt cement and capacity will later be increased to 1Mta. The debt-equity ratio for investment into the Mauritius plant... |
Texas Industries manager honored with safety award04 December 2008, Published under Cement NewsTexas Industries Inc. announced December 2 that Frances Petty was awarded the Distinguished Health and Safety Achievement Award at the annual meeting of the Western Region Joint Mine Conference held in Denver. Petty is the manager of TXI manufacturing resources for TXI’s Cement Division. In her position, she oversees the Cement Division’s mine safety program. "Over her 48 years with TXI, Frances has been involved in many facets of the company, but none as important as our safety program," s... |
Sri Lanka cement market shrinks, flat prospects04 December 2008, Published under Cement NewsSri Lanka’s cement market has been shrinking for the first time since their entry, and growth next year is likely to be flat unless peace revives the economy, Holcim, the island’s only integrated cement maker, has said. To receive instant alerts from LBO on your Dialog mobile type ’lbo’ and send to 678 "This year was a watershed year. The market shrank," said Holcim Lanka chief executive Peter Spirig. "We’ve never seen the cement market shrinking year-on-year." He estimates the market ha... |
HeidelbergCement Shares drop on Merckle rescue talks04 December 2008, Published under Cement NewsHeidelbergCement AG, Germany’s biggest cement maker controlled by the billionaire Merckle family, plunged in Frankfurt trading as the majority owner struggled to find an agreement with lenders to repay his debt. HeidelbergCement slid 12 percent to 32.25 euros. The Merckles are seeking to renew a so-called standstill agreement with more than 30 banks preventing them from making claims until bridge loans have been arranged, the family’s VEM Vermoegensverwaltung GmbH investment unit said today... |
India: cement cos’ inventory dips, outlook still bleak04 December 2008, Published under Cement NewsDespite a gloomy outlook, cement major ACC, Ambuja Cement and Aditya Birla Group have managed to bring down inventories marginally in November on the back of revival in export demand and a moderate pick up in sales in the southern States. Mr A.L. Kapoor, Managing Director, Ambuja Cement, said if not for the congestion of ships in West Asian ports, the company would have managed to export more than last month. Ambuja Cement exported 80,000 tonnes of cement and clinker in November against one... |
Gresik plans met by mixed reaction, Indonesia04 December 2008, Published under Cement NewsA plan by state-owned cement company PT Semen Gresik’s to construct a cement factory in Pati regency, Central Java, has been met with mixed reaction, with objectors warning of environmental damage. In Semarang on Tuesday, 50 people claiming to be members of the People’s Concern for South Pati said they supported the plan, while in Pati on the same day, hundreds of protesters staged a rally in front of the regent’s office, demanding the plan be axed. "Some 50 springs in the Kendeng hills in... |