Cement News tagged under: international
Cementir increases EBITDA by 11%12 February 2008, Published under Cement NewsCementir, whose main operating units are based in Denmark, Italy and Turkey, has announced preliminary results for 2007 that show a 9.4% increase in turnover to EUR1152.1m, with the EBITDA rising by 10.8% to EUR274.1m. The trading profit improved by 9.1% to EUR 197.3m and the pre-tax profit advanced by 18.1% to EUR199.4m, thanks to financial gains. The net debt declined by 16.6% during the year to EUR364.8m. The number of employees rose by 3.7% to 3,882. Shipment of grey and white ... |
Kichedzhi to construct five cement plants in Central Russia11 February 2008, Published under Cement NewsVasiliy Kichedzhi, the owner of Vsya Rossiya media group, has decided to construct five cement plants in the Central Russia, according to SKRIN Newswire. His Tambov-Cement has won a tender for the Borisovskoe cement raw material deposit in the Tambov region. Investments in the project are expected at USD250mln, the Kommersant - Chernozemye newspaper said. |
Lafarge Moldovan unit raises capital to MDL445m11 February 2008, Published under Cement NewsLafarge Ciment, has raised its capital to 445 million lei (US$39.8m) through a MDL148.3m share issue, the Moldovan Securities Commission CNPF said on Friday. Subscribers to the issue were 11 companies, including the majority shareholder Finarge 26, Lafarge’s subsidiary, and the municipality of Rezina, where Lafarge Ciment is situated, CNPF said in a statement. Lafarge bought 51% of Ciment in 1999 for US$200,000 and pledged to repay the company’s debt of MDL38m and to invest US$12m... |
California Nevada Cement Association to receive American Concrete Institute Award11 February 2008, Published under Cement NewsThe American Concrete Institute (ACI) has announced that its Distinguished Achievement Award will be presented to the California Nevada Cement Association (CNCA) at the ACI Spring 2008 Convention in Los Angeles, Calif., USA. During the convention’s opening session on Sunday, March 30, at 5:15 p.m., David Akers, senior engineer of CNCA, will be presented with the award, which is given to nonmembers who have made notable contributions to the advancement of the concrete industry. CNCA is one ... |
India budget countdown: cement makers may get excise duty relief11 February 2008, Published under Cement NewsThe Indian budget may bring cement manufacturers much awaited relief in the form of a 35% abatement on excise duty and waiver of import duty on coal and petcoke. If the cement makers were to pass on the benefit accrued on account of lower taxation, cement prices can come down by INR10 per 50kg bag on average. In its Budget proposal being finalised, the department of industrial policy and promotion (DIPP), the nodal government department engaged in policy making on cement, has sought abatem... |
Consent granted for Holcim’s Weston plant, New Zealand11 February 2008, Published under Cement NewsHolcim Ltd has been granted resource consent for a cement plant, quarries and pits at Weston, 5km northwest of Oamaru. The final decision replaces an interim decision released last year. Capital projects manager Ken Cowie said being granted the consents was a “significant step towards ensuring future cement supply” in New Zealand. “The consent document is a very comprehensive one, so our next step is to work through the conditions that have been specified and consider their implica... |
Lafarge expects signal from Azerbaijan for start of geological surveys11 February 2008, Published under Cement NewsAzerbaijan Investment Company and France’s Lafarge have failed to achieve any progress so far on a Baku cement factory project, despite a year has passed after they signed a relevant preliminary protocol on it. Minister of economic development Heydar Babayev said that Lafarge’s conditions a little exceed capacity of the field located in Gobustan region nearby Baku. “Lafarge has set two basic conditions – location of the factory within the area of Baku (100-150 km of the city) and sufficien... |
NDEP to hold hearing on Nevada Cement expansion11 February 2008, Published under Cement NewsThe Nevada Division of Environmental Protection is slated to consider an operating permit to construct request from Nevada Cement on Monday to allow construction of additional equipment at their existing plant. Nevada Cement is located in the northwest section of Fernley In a public notice from NDEP, it notes NDEP Director Allen Biaggi has prepared tentative determinations regarding the operating permit to construct including, in brief, the following: • Portland cement manufacturing plant... |
New orders for Scheuch11 February 2008, Published under Cement NewsOver the past few months, Polysius has awarded Scheuch a variety of contracts for global plant installations. Dedusting of the kiln and raw mixture mill at the cement plant in Podilsky, Ukraine will take place using an EMC system dimensioned for 2,000,000 Am3/h. Polysius AG also commissioned Scheuch to deliver 16 secondary dedusting systems. Ciments Du Sahel, Senegal will receive a total of five EMC filtration plants for dedusting its kiln, cement grinders and cement sifters. Three EMC fi... |
Indonesian cement kept ’overweight’ on robust growth outlook11 February 2008, Published under Cement NewsPT Trimegah Securities said in a note to clients it has kept its "overweight" rating on Indonesian cement stocks on a strong growth outlook for this year. Trimegah said it has "buy" call on all three listed cement producers, with a target price of IDR7,700 for Semen Gresik, IDR8,850 for PT Indocement Tunggal Prakarsa and IDR2,100 for PT Holcim Indonesia. It said its top pick in the sector is the country’s biggest cement maker by sales volume, the state-owned PT Semen Gresik, as it ... |