Cement News tagged under: international
Capital investment continues for Holcim plant02 April 2008, Published under Cement NewsAs Holcim New Zealand focuses on two priority options for future cement supply, it is continuing to make significant investment into its current cement production plant at Westport. A $2.3 million high voltage upgrade project on the main substation at the Westport Works has recently been completed, giving the plant more supply flexibility and reducing the risk of power interruption to the plant. Major repairs to support structures on an incline conveyor structure have also been completed. In... |
Athi River Mining profit up by 60 per cent02 April 2008, Published under Cement NewsAthi River Mining announced a 60 per cent growth in pre-tax profit for the year ended December 31, 2007. Athi River Mining’s (ARM’s) profit rose from Sh387.8m in 2006 to Sh620.6m last year. It also announced plans to double its cement production capacity at a cost of Sh1bn. Projecting that cement demand in East Africa will increase from the current 5.5Mt a year to 11Mt in 2012, ARM said it would raise capacity from the current 300,000t to 600,000tpa by 2010. Work is already ongoing on the p... |
India: Shree Cement March shipments up 60 per cent YoY02 April 2008, Published under Cement NewsShree Cement said on Tuesday its March shipments rose 60.08 per cent to 754,000t from 471,000t a year earlier. Total shipments between April 2007 to March 2008 rose 31.87 per cent to 6.33Mt, from 4.80Mt, the company said in a statement. The firm has a capacity to produce 8Mta of cement at its plant in the northern state of Rajasthan. |
Taiheiyo Cement acquires US concrete maker02 April 2008, Published under Cement NewsTaiheiyo Cement Corp. said Wednesday it has acquired a US concrete maker for an undisclosed sum on Tuesday to bolster its North American operations. California Portland Cement Co., a wholly owned unit of a Taiheiyo Cement U.S. subsidiary, bought all shares in SSMC Holdings Corp., the parent of Las Vegas-based concrete maker Silver State Materials LLC. Silver State Materials operates eight ready-mixed concrete plants in and outside Las Vegas, while California Portland Cement owns n... |
Vietnam: Phuc Son Cement company expands production capacity02 April 2008, Published under Cement NewsThe Phuc Son Cement Company in northern Hai Duong province began construction on April 1 of a production line with a capacity of 1.8Mta of cement. This second production line of the company has a total investment capital of close to US$86m. Once fully operation, the facility, equipped with state-of-the-art technology, is expected to bring the total annual output of the company to 3.6Mt of cement. The project is scheduled for completion after 10 months of construction. |
Cyprus Cement book value jumps on revaluations02 April 2008, Published under Cement NewsCyprus Cement saw its book value per share jump by 113% to EUR 2.0029 per share from EUR 0.94 previously after a massive increase in revaluation of land assets following the deal with Vassiliko. The Group added EUR128m (CYP75m) to its land holdings through the Reserve account, pushing its shareholders’ equity to EUR 237.2m from EUR108.5m in 2006, while its land holdings now amount to EUR322m from EUR173m in 2006. On 1 January 2008, the Cyprus Cement Group acquired 25,3% of Vassiliko... |
EBRD mulls EUR29.4m loan to Albania’s Antea for new plant02 April 2008, Published under Cement NewsThe European Bank for Reconstruction and Development (EBRD) is considering lending EUR29.4m to Albania’s Antea for the construction of a cement plant, the bank said. Antea is majority owned by Titan. A total of EUR12.6m will be allocated as equity finding, while the remainder will be a subordinated debt, EBRD said in a statement posted on its website. The loan is a subject to approval by the EBRD board on June 10. |
Cementir’s progress held back by Italy02 April 2008, Published under Cement NewsCementir generated a turnover of EUR1152.1m in 2007, which represents an increase of 9.4 per cent. Of this total, Denmark contributed 35.1%, Turkey 22.2%, Italy 20.5% and other Scandinavian countries 17.4%, with the remainder coming from Egypt, the Far East and other countries. The group EBITDA rose by 10.8% to EUR274.1m, the pre-tax profit increased by 18.1% to EUR199.4m and the net attributable profit advanced by 23.1% to EUR140.4m. Deliveries of grey and white cement rose by 6.3% to 10.... |
Italcementi ties up deal with Sibirskiy Cement02 April 2008, Published under Cement NewsThrough Ciments Français, Italcementi is taking a 5.4% stake in Sibirskiy Cement, the second largest Russian cement producer, and is exploring the possibility of joint ventures with Sibirskiy Cement in Russia and elsewhere in Central Asia as well as technical co-operation agreements. The deal with Sibirskiy Cement covers the sale of Ciments Français’ Turkish operations to Sibirskiy Cement for EUR600m, of which EUR400 is in cash and the remainder in Sibirskiy Cement shares. The deal values ... |
India’s Ambuja Cements Mar shipments up 16 per cent YoY01 April 2008, Published under Cement NewsAmbuja Cements Ltd , India’s third-largest cement maker, said on Tuesday its March shipments rose 16 per cent to 1.72Mt from 1.47Mt a year earlier. Production rose 23 per cent to 1.77Mt from 1.43Mt, the company said in a statement. Holcim owns about 46 percent of Ambuja Cements. |