Cement News tagged under: international
EC set to grant industry relief on carbon trading14 October 2008, Published under Cement NewsRecent speculation that energy-intensive industries in Europe are set to receive a huge cash boost from the European Commission as part of a plan to protect industry from a world recession are proving correct with EU leaders set to debate such proposals in Brussels next month. This will come as welcome news to the region’s cement industry which is facing the threat of higher costs from purchasing carbon permit allowances under the Emisson Trading Scheme (ETS) and follows intense lobbying by ... |
Nigeria-SA deal for cement plant in North West13 October 2008, Published under Cement NewsNigeria’s leading cement and building materials firm, Dangote Cement, and Sephaku Cement, have signed a shareholders agreement paving the way for the start of a R3bn project to build a cement plant in North West. The agreement, announced on Friday, is the second leg of Dangote’s strategy to enter the highly lucrative South African market, following its acquisition of a 19.8 per cent stake through a private placement in Sephaku Cement in April. The Nigerian firm hopes to increase its stake t... |
Affordable houses for all not realistic in Nigeria13 October 2008, Published under Cement NewsPresident, Nigerian Institute of Architects, Mr Eric Chukwuka, said on Sunday in Abuja that affordable houses for all might not be realistic unless the government intervened. Mr Chukwuka told the News Agency of Nigeria that 80 per cent of cement required to build houses were imported, while foreign exchange rate was fluctuating. He explained that affordable houses entailed a situation where an individual‘s gross salary could secure a house. “Most of the companies manufacturing cement in t... |
Sichuan Zhiquan Special Cement Closes US$40m financing to expand cement production in the earthquake affected areas13 October 2008, Published under Cement NewsSichuan Zhiquan Special Cement announced the closing of a US$40m convertible preferred stock financing led by the corporate principal investment arm of Merrill Lynch and Lunar Capital Management. The investment will fund technological upgrade and expansion of Zhiquan’s existing plants and will allow the Company to complete a 3000tpd production line already under construction at the site of its destroyed Ziping production line in BaiHua Village ( http://www.onehorizon.org/fund.htm ) near th... |
Cement factory jobs under threat13 October 2008, Published under Cement NewsA north Wales cement company is looking at cutting its workforce after seeing a 20 per cent drop in demand for its services. Castle Cement in Padeswood, Flintshire, has seen demand tail off over the past year and blames the credit crunch. The company, which employs 250 people, says those working in its distribution department are likely to be affected. It said it could not put a figure on the number of redundancies at present but said it was currently reviewing its distribution fleet opera... |
Chinese firms eye two cement plants in the Philippines13 October 2008, Published under Cement NewsA group of cement producers from China is seriously considering the construction of greenfield plants in the Philippines with a combined output of 3Mt and minimum investments of US$400m. Francis Chua, Malacañang’s special envoy for trade and investments, told reporters that about 25 members of the Dong Yan Cement Association had met with Trade Secretary Peter Favila to firm up their plans. Dong Yan is one of the major cement- producing cities in China. “They want to put up two factories he... |
"We don’t need many people, we need good people"13 October 2008, Published under Cement NewsAccording to Alex de Volukhoff, Russia head of Lafarge, the French cement giant, the difficulty of finding and retaining effective managers is particularly acute in Russia. "For Lafarge – and we’re in over 80 countries – it’s probably the most difficult HR market in the world at the moment. The conjunction of a high potential market and the need makes the size of the HR issue much bigger here." MBAs and professional education are still not in step with the needs of the company, says Mr de ... |
Eurocement cuts Moscow prices13 October 2008, Published under Cement NewsRussia’s biggest producer of the building material, Eurocement has cut its official prices around Moscow by as much as seven per cent, with the financial crisis is reportedly dampening construction growth. According to Bloomberg, the company lowered the price to RUB4200 (US$160) a ton on the 9th October. Russia’s worst financial crisis since the 1998 default has reportedly dampened a construction boom, putting pressure on building materials makers. Eurocement, which controls 50 per cent ... |
Vietnam: Thai Binh Cement to list over 1m shares10 October 2008, Published under Cement NewsThe Ha Noi Securities Trading Centre (HaSTC) has approved Thai Binh Cement to list over 1m shares. The company has a charter capital of VND10.1bn (US$612,000) and specialises in the production of construction material and cement. |
Kenya’s ARM to build US$120m Tanzania cement plant10 October 2008, Published under Cement NewsKenya’s Athi River Mining (ARM) said on Thursday it will start work on a US$120m cement plant in Tanzania next week that would be the largest in the east African region. Once complete in late 2010 the Tanga-based plant have a capacity of 4,000 tonnes a day capacity. A grinding plant will be constructed in the commercial capital Dar es salaam. "This is going to be the single largest cement plant in the east African region. It will have a significant impact on our company profile," ARM’s man... |