Cement News tagged under: international
Sri Lanka Holcim unit keen on cement plant eyed by India’s Birla27 November 2008, Published under Cement NewsHolcim Lanka says it is interested in bidding for a defunct cement plant in northern Jaffna that is eyed by India’s Birla group. Holcim Lanka chairman Manilal Fernando said Tuesday he believes the government will give all interested parties a chance to bid on equal terms for the plant. "Holcim is interested," he said. "We’re sure the government will go about it in a transparent manner so all those who are interested can be given the chance to bid on equal terms." Construction minister Raj... |
Lafarge motion for leave to-appeal denied in alternative fuels case27 November 2008, Published under Cement NewsThe Ontario Court of Appeal will not hear an appeal from Lafarge Canada Inc about its alternative fuels application. That may mean an end to the cement giant’s lengthy legal campaign to halt an independent review of its proposal to burn tires, bone meal, plastics, and other waste materials in its cement kiln near Bath, Ontario. Lafarge had hoped to have a decision overturned from a lower court that confirmed Ontario’s Environmental Review Tribunal could proceed with its hearing on the air a... |
India cement makers rule out lay offs27 November 2008, Published under Cement NewsThough ACC Concrete, which is into the ready-mix-concrete (RMC) business, recently cut around 25 per cent of its workforce, cement makers said the option of lay offs does not exist when the industry is not facing any slowdown. Ambuja Cements Managing Director A L Kapur said, “The intensity of manpower is not high in the industry. It has not cut jobs ever. The total labour cost makes out around 3.5-6 per cent of the saleable volumes. So, job cuts will not make any difference.” At a time when... |
Mexico’s Cemex surges on debt refinancing hopes27 November 2008, Published under Cement NewsShares in Mexico’s Cemex surged on Wednesday on optimism that the company may be nearing a deal to refinance part of the payments on $6.6 billion in debt due next year, analysts said. The company’s shares rose 16.76 per cent to 8.08 pesos. Its stock traded in New York gained 20.83 percent to $6.15. Investors’ worried that Cemex would struggle to refinance amid tight global credit conditions and falling sales volumes in its U.S. An d European markets. Cemex entered talks with five banks to... |
Spain and Turkey hurt Cimpor’s results27 November 2008, Published under Cement NewsCimpor’s turnover for the first nine months increased by 7.9% to EUR1,580.3m, but a 13.9% increase in operating costs left the EBITDA 4.9% lower at EUR 444.23m. Financial charges more than tripled to EUR 133.6m, leading to a 42.5% drop in the pre-tax profit to EUR 168.2m. However, the financial charges include a EUR 60m write-down on financial assets by an associate that is completely unrelated to the cement industry. Net debt at the end of September stood at some EUR1,650m, ... |
South Africa Infrastructure Report Q4 200826 November 2008, Published under Cement NewsConstruction projects continue to get South Africa’s infrastructure ready in time for the country to undertake its role as host for the 2010 World Cup. In June 2008 FIFA, the organising body for the tournament stated that the construction of the five new stadiums that South Africa has planned for the World Cup are on track and will meet FIFA’s pre-set deadlines. Major construction projects are now underway in the country. The World Cup build scheme includes 5 new build stadiums the Moses Mab... |
Holcim Hungária to start building cement plant26 November 2008, Published under Cement NewsThe Hungarian unit of Holcim will start building a HUF 70bn plant in Nyergesújfalu (NW Hungary) on Wednesday. The local council awarded the company the building permit for the plant at the end of September, Holcim Hungária said. Holcim announced the plan to construct the plant in August 2005 but the project was delayed by opposition by the nearby settlement because of the possible environmental effects of the project. Holcim Hungária had revenue of almost HUF 32 billion in 2007. |
Italcementi to build cement plant in Libya26 November 2008, Published under Cement NewsItalian cement producer and distributor Italcementi SpA and Libya’s Economic and Social Development Fund will build a cement plant in the Libyan town Tobruk on the Mediterranean for a total investment of USD550m – USD750m (EUR 423.6m – EUR 577.6m). Italcementi chief executive Carlo Pesenti met in Tripoli on Tuesday with Libya’s Industry Minister Ali Youssef Zekri to discuss the investment for the cement plant which is expected to have an annual capacity of some four million tonnes. “The in... |
Indonesian cement producers see sales declining next year26 November 2008, Published under Cement NewsIndonesia’s two top cement makers, PT Semen Gresik Tbk and PT Indocement Tunggal Prakarsa, expect demand to decline next year amid tougher economic conditions. In the past years, cement demand has been growing in Indonesia as lower interest rates have boosted the construction of infrastructure and residential projects. Domestic cement consumption rose 6.6 percent last year to 34.17Mt, higher than an industry forecast of around 5 percent. In June, Indonesia’s Cement Association forecast ce... |
Holcim to go ahead with US$2bn India expansion plan26 November 2008, Published under Cement NewsUndeterred by slowdown in infrastructure and other related sectors, Holcim said it will go ahead with its US$2bn India expansion plans for enhancing capacities by 2010. However, the company’s operations in the US, the UK, Spain and India are getting affected due to ongoing crisis. "There is no question of rethinking.... We will be adding about 14Mt by June 2010," Holcim Executive Committee Member Paul Hugentobler told PTI. The company is present in India through ACC and Ambuja Cements, in... |