Cement News tagged under: international
PA firm must pay US$1.7m in cement dispute05 December 2007, Published under Cement NewsA leading provider of construction cement in the USA was ordered yesterday to pay US$1.7 m in damages to a Baltimore concrete firm after the cement company was accused of selling a substandard product later used in a college dormitory at the Johns Hopkins University. Lawyers for the now-defunct concrete company, Metro Ready Mix Inc., said yesterday’s jury verdict raised lingering questions about the practices of Essroc Cement Corp. and the structural soundness of highways, bridges and parki... |
Grasim to invest INR100B on cement, fiber ops in next 2 years05 December 2007, Published under Cement NewsGrasim Industries Ltd will invest INR100 billion over the next two years to raise its production capacity of cement and double viscose staple fiber, said the company’s director Wednesday. The company, a part of the Aditya Birla Group, will spend INR80 billion to increase its annual production capacity of cement by 45 per cent to 45Mt from 31Mt. Another INR20 billion will be spent over the same period to almost double its annual production capacity of viscose staple fiber to 353,000t. "The... |
Cement jobs move west05 December 2007, Published under Cement NewsAbout 100 jobs to be affected at Lehigh Cement. Some operations will stay in Lehigh Valley. Lehigh Cement Co. plans to move its headquarters to Texas next year, a relocation that will affect about 100 jobs, or nearly half its local work force. The company said Tuesday that the move to Dallas is part of a plan to integrate its operations with Hanson PLC, a British building materials company that Lehigh Cement’s parent purchased in August for US$15.8 bn. |
Saudi moves to curb construction costs05 December 2007, Published under Cement NewsSaudi cabinet on its Monday meeting held in the capital Riyadh agreed to extend the exemption period of imported cement from local custom tariffs for another two years, said the Saudi Press Agency. The decision of the cabinet is believed to be a step to reduce the cost of construction material in the country that is witnessing a construction boom. Starting from next January and for another two years, the government will keep paying the five-percent subsidy on tariff rate of imported cement... |
Indian Government warns cement firms against cartelisation04 December 2007, Published under Cement NewsThe government today warned that it will crack down on the cement industry if it detects any cartelisation in the sector. Speaking at the sidelines of the India Economic summit here today, Minister of State for Industry Ashwani Kumar said: "Cement companies should know that the government is not helpless, and it will intervene if there are any indications that the companies are resorting to cartelisation." Kumar also added that the government would take all possible measures to ensure tha... |
Lafarge: Malaysian cement demand to grow 4-5 per cent in next 2-3 years04 December 2007, Published under Cement NewsLafarge Malayan Cement Bhd is getting ready to focus more on the domestic market as it expects demand - stagnant in recent times - to recover in 2008 and keep growing for the next few years. "With the major projects that the Ninth Malaysia Plan is bringing in, we are confident the market should rebound," President and Chief Executive Alain Crouy said, referring to a new MYR220 billion, five-year government national development program. "The growth could be in the region of 4 to 5per cent a... |
Cameroon: Cimencam welcomes competition04 December 2007, Published under Cement NewsLes Cimenteries du Cameroun, CIMENCAM, has welcomed government’s decision to liberalise the importation of cement. The Minister of Commerce, Luc Magloire Mbarga, had November 22 signed a communique announcing government’s decision to liberalise the importation and distribution of cement, "for the interest of consumers". Although many observers saw the announcement as a big blow to CIMENCAM, its General Manager, GM, Jean Pierre Le Boulicaut, told reporters November 23 in Douala that he had ... |
Kenya: Housing boom pulls Chinese firm to cement market04 December 2007, Published under Cement NewsA fresh round of turf wars is expected in the local cement market when a group of Chinese investors roll out a new production plant in Kajiado district next year. A ground-breaking ceremony for the Sh536 million plant is planned for February if the National Environment Management Authority (Nema) gives the project the greenlight. The factory – to be established off Viwandani Road in Kitengela Township – will run a grinding mill with the capacity to produce 50 tonnes of cement per hour and ... |
Indonesia’s Semen Gresik to lift capacity by 700,000t04 December 2007, Published under Cement NewsState-owned cement maker PT Semen Gresik said it will start increasing its production capacity by up to 700,000t next year to meet growing demand in the country. Demand for cement has increased in the country especially outside Java, company President Dwi Soetjipto said, predicting the company would overshoot its sales target of 17.1Mt this year. Dwi said the company might have to reduce exports to increase supply on the domestic market. Meanwhile, preparation is progressing for the constr... |
PQA to build coal, clinker, cement terminal04 December 2007, Published under Cement NewsThe Port Qasim Authority (PQA) is planning to construct a dedicated coal and clinker/cement terminal (CCCT) at Port Qasim at a cost of US$150m. "Technical proposals are being evaluated, which would be followed by financial evaluation of the project", sources in PQA told Business Recorder on Monday. The terminal, to be built on public-private-partnership (PPP) basis, would enhance the cargo handling capacity of Port Qasim. "With CCCT, the cargo handling capacity of Port Qasim would rise to a... |