Cement News tagged under: international
Nema to decide fate of cement factory, Kenya10 March 2008, Published under Cement NewsThe fate of a new cement factory due to be constructed in Kitengela will be known next week after the National Environment Management Authority (Nema) receives a report on discussions drawn by stakeholders. Area residents are opposed to the building of Catic Cement plant by Chinese investors. They argue that it will make the residential area inhabitable with concerns ranging from dust and noise, to sharing of scarce resources in the area like water. Nema has over the last two months facili... |
Ukraine Balcem net profit soars to US$70m in 200710 March 2008, Published under Cement NewsUkrainian Balcem, one of the three largest cement producers in the Ukraine, boosted its net profit to UAH354.8m (US$70.35m) in 2007 from UAH43.08m (US$8.54m) a year earlier, the company said. Balcem’s assets stood at UAH649.4 (UAH$128.7m) as at the end of 2007. Long-term liabilities amounted to UAH7.73m (US$1.53m) in the period, while current liabilities made up UAH83.48m (US$16.55m). Balcem is part of Kyiv-based EuroCement Group Ukraine, which is in turn controlled by Russian Euro... |
Lafarge wins deal to operate Concrete Aggregates quarry10 March 2008, Published under Cement NewsPublicly listed Concrete Aggregates Corp. is selling its basalt quarry operations in Angono, Rizal to Lafarge Holdings (Phils.), Inc., owner of Republic Cement Corp. and Lafarge Philippines. In a statement, the Lafarge said the transaction will reinforce its entry into the aggregates business, building on cement markets being served by Republic Cement - Metro Manila, Central Luzon, and Southern Tagalog. Concrete Aggregates had conducted a bidding for the 15-year contract to operat... |
Cement price drops in Lagos10 March 2008, Published under Cement NewsThe price of cement, which rose above N2,000 a couple of weeks ago has dropped to around N1,800, Daily Trust Market Survey in Lagos yesterday has shown. Daily Trust’s checks at major cement market at Abule-Egba in Lagos showed that the product is now being sold for between N1, 700 and N1, 800 depending on the brand and the location of the cement seller. At Akute, a border town between Lagos and Ogun State, the product is sold for N1,800 per bag, while it is sold at Abule-Egba for b... |
BCA: British homes, schools and hospitals should be built with British cement and concrete10 March 2008, Published under Cement NewsThe British Cement Association (BCA) today called on the Chancellor of the Exchequer to recognizse in his Budget next week, the strategic contribution of the domestic cement industry in meeting the country’s economic and social development goals. Reminding him of the promise he made in his pre-Budget speech last November, that the Government would respond to the rising aspirations of the British people, the BCA, whose members are Castle Cement, Cemex UK, Lafarge Cement UK and Tarmac Buxton Li... |
Yatai Group Completes integrating cement operation10 March 2008, Published under Cement NewsJilin Yatai (Group) Co., Ltd.says on March 7, 2008 that it has injected all the cement holdings from its subsidiaries and it into a new wholly-owned cement investment subsidiary and lifted the latter’s registered capital to CNY 2.743bn. Yatai previously said that it would do so via the company. It adds today that all the transactions were completed. The new company becomes the controlling shareholder of Yatai’s cement operations and Yatai is the effective controller. Moreover, Yatai plans ... |
Vicat 2007 net profit up 6.1 per cent10 March 2008, Published under Cement NewsVicat said on Friday 2007 net profit rose 6.1 per cent as a strong performance in Europe, Africa and the Middle East offset a decline in U.S. earnings. It said it was confident about its ability to continue improving operational profitability in 2008 "despite the tense economic environment prevalent on certain of its markets, especially in California and Turkey". In a statement, Vicat said net profit rose to EUR299m (US$460.7m) from EUR282m in 2006. Operating profit rose 8.7 percent to ... |
Prosperity Minerals strategic investments10 March 2008, Published under Cement NewsProsperity, which operates a cement manufacturing business in the People’s Republic of China and an iron ore trading business serving the same market, today announces two acquisitions and two proposed new investments, all strategically located near their target markets in the capital cities of the respective provinces in China. Together with the current programme at Anhui Chaodong Cement Company Limited, this expansion is expected to increase the Capacity of cement and clinker controlled by... |
Emirate cement manufacturers respond to price controls07 March 2008, Published under Cement NewsCement manufacturers in the United Arab Emirates have responded to a call by the Ministry of Economy to abide by the price set by the ministry in an effort to regulate the cost of construction in the country. MoE had fixed the price at AED 17 (US$4.62) per bag of 50kg of cement, and the cement companies have positively responded to this regulatory decision. MoE expressed its gratitude to the cement manufacturers for their prompt response, and said that the ministry will soon hold meetin... |
Holcim recalls 130,000 bags of cement07 March 2008, Published under Cement NewsCement manufacturer Holcim Philippines recalled some 130,000 bags of cement from the market, the local Trade office said Friday. Robert Barlis, chief of the Consumer and Welfare and Trade Regulation Division of the Department of Trade and Industry (DTI), said Holcim was recalling cement products under its Excel brand, which were manufactured between Feb. 2 and 4. "This batch of cement bags was found to have low strength development and may be unsuitable for load-bearing concrete such as pos... |