Cement News tagged under: international
CRH not to pursue Cemex deal03 December 2007, Published under Cement NewsWhile CRH is spending around €170m, or some US$250m on buying the US assets that Cemex has to sell as a direct result of the Rinker acquisition, none of the other deals discussed, neither in the Pacific north-west and other parts of the western United States, nor the three US and Spanish cement plants or the Austrian and Hungarian operations are going ahead. What CRH is buying from Cemex consists of 26 batching plants in Florida and six concrete block plants there as well as two quarries a... |
Asia Cement to build fourth kiln at Jiangxi plant30 November 2007, Published under Cement NewsWith the approval from mainland authority, Asia Cement Corp, one of Taiwan’s leading producers of cement, will begin building a fourth kiln at its plant in Jiangxi Province and will launch mass production by 2009. The plant will see annual production capacity reach six million metric tons after the fourth kiln becomes operational. The inauguration of the new kiln will make Asia Cement secure overall annual production capacity of 16 million metric tons of cement in the mainland. At p... |
Lafarge’s Heracles Cement nine month net up five per cent at EUR28.2m30 November 2007, Published under Cement NewsLafarge’s Greek unit Heracles Cement said that its nine month group net profits rose only five per cent to EUR28.2m, weighed upon by voluntary retirement program costs of EUR13.4m this year. Nine month sales came in flat at EUR331m due to unfavourable weather conditions in May and June and weaker exports in April and May due to a temporary suspension of operations at its Halkis plant. EBITDA for the nine month period increased six per cent to EUR68.7m despite a rise in solid fuel a... |
Portland discards merger plans with Bamburi30 November 2007, Published under Cement NewsEast African Portland Cement Company (EAPCC) is not interested in merging with rival Bamburi Cement to form a regional conglomerate, top company officials said. Instead the company is strengthening its production capacity to satisfy rising demand in both local and regional markets, Mr Benson Ndeta, the chairman of its board said. Mr Ndeta told shareholders that no merger talks were ongoing between EAPCC and Bamburi and, therefore, no major changes in the company’s shareholding stru... |
Lafarge moves to final planning stage for possible new UK Cement30 November 2007, Published under Cement NewsLafarge Cement UK has launched the final design and costing feasibility studies for its proposed new cement works at Snodland, in Kent. As a result, Lafarge will now increase onsite work in preparation for the possible construction of ‘Medway Works’, undertaking a detailed design, costing and contractor strategy. This stage of the project, which concludes next year, will put Lafarge in a position to make a final decision on allocating the investment required to build the Works. Lafarge Ce... |
Lafarge to invest EUR410m to boost capacity in China29 November 2007, Published under Cement NewsLafarge SA said on November 27, 2008, it would invest US$600m to boost its business growth in the fast growing Chinese market, the company said on November 28, 2007. Under a contract signed with the Yunnan province government in southwestern China the French group, through its Lafarge Shui On joint venture with local Shui On Construction and Materials Ltd, will add to its existing facilities in the province an additional annual capacity of 10Mt of new cement by 2010. Lafarge wil... |
Semapa’s Secil cement unit to double production capacity in Tunisia29 November 2007, Published under Cement NewsSemapa SGPS’s cement unit Secil said plans to double the production capacity at its Tunisian subsidiary plant to 2Mta are about to be approved by Tunisia’s government, Diario Economico reported, citing unnamed sources. Secil’s subsidiary in Tunisia is Societe des Ciments de Gabes. |
Orascom to export 250,000tpa of white cement29 November 2007, Published under Cement NewsAlgerian Cement Company ACC, subsidiary of the Egyptian Orascom Group, is to export sooner about 7000t of white cement to Spain among the first production quota of its new cement factory in Afaz area, Mascara province, ACC General Manager told El Khabar. Mr. Ayman Anis indicated that ACC is to export about 250,000t of white cement to several countries which sealed contract with, including Spain, Italy, Syria and the United States. ACC currently holds three cement factories in Algeria reach... |
Cade to sign agreement with Lafarge Brasil29 November 2007, Published under Cement NewsBrazilian antitrust agency Conselho Administrativo de Defesa Economica (Cade) approved on November 28, 2007, the proposal for signing an agreement with Lafarge Brasil, the local cement subsidiary of Lafarge. Under the the agreement, Lafarge Brasil will pay BRR43m (US$24.6m) fine and in exchange, Cade will archive the charges against the company. In March 2007, Lafarge Brasil was accused, together with other seven cement producers, of having formed a cartel and thus blocked the com... |
Binani Cement to embark on expansion programme29 November 2007, Published under Cement NewsBinani Cement Ltd (BCL), a Braj Binani group company, plans to double its capacity to 12Mta by FY11 and expand the capacity of its Chinese facility, a top company official said. "As a part of our expansion plans, the company plans to double the cement manufacturing capacity from 6Mta to 12Mta by FY11 at an estimated cost of Rs 1,800 crore, which will be financed through debt and equity," Binani Group of Industries’ Deputy Managing Director Vinod Juneja told reporters here today. "W... |