Cement News tagged under: international
Cemex looks to sink US$700mn into 2008 expansions06 December 2007, Published under Cement NewsMexican cement giant Cemex plans to invest US$700m next year as part of its 2007-09 expansion program, local press quoted Cemex México president Jaime Elizondo as saying. "We see lots of opportunities in the country’s growth... This year construction growth has been good, considering that it is the first year of the government [administration]," he said. As such Cemex will continue with its expansion works at the Tepeaca plant in Puebla state, as well as at the Hermosillo plant in Sonora. ... |
New company signs cement deal06 December 2007, Published under Cement NewsThe man who has declared his interest in taking over a cement plant at Dockyard announced that he had signed distribution agreements with cement companies in France and the Dominican Republic. Clifton Lambert, who is in the process of forming a company Island Cement, identified the companies as Lafarge in France and Falex Trading in Dominican Republic. Falex is the second largest independent trader in the Caribbean and has a distribution agreement with Lafarge. Mr. Lambert said while Is... |
Cemex sells United States assets - as condition of Rinker takeover05 December 2007, Published under Cement NewsMexico-based Cemex, which owns 20 per cent of Jamaica’s Carib Cement Company (CCC), has sold a raft of pre-mixed concrete and aggregate facilities in Florida and Arizona to Ireland’s CRH plc, as part of efforts to clear anti-trust hurdles to its US$15.3bn acquisition of the Australian building material outfits, Rinker Group. CRH Plc will pay approximately US$250mfor the 39 facilities, which Cemex said it would use to write-down debts. Both companies had previously announced that they had te... |
Cimpor acquisition Portuguese cement producer buys stake in Indian firm05 December 2007, Published under Cement NewsCimentos de Portugal said Tuesday it had signed a binding agreement with Grasim Industries to acquire a 53.64 per cent stake in Shree Digvijay Cement, a company listed in the Bombay Stock Exchange. Under Indian stock market rules, Cimpor will launch a public offer for a further 20 per cent of Shree Digvijay. Cimpor said the sale price of 42.50 Indian rupees per share values the company at €117m. Shree Digvijay is based in the state of Gujarta. It expects sales this year of 1Mt of cement, w... |
Sinoma Int’l to build cement clinker, grinding projects in Vietnam05 December 2007, Published under Cement NewsTianjin Cement Industry Design and Research Institute Company under the flag of Sinoma Int’l has recently signed a contract with Vietnam Thang Long Cement Company to build cement related projects in Vietnam. The projects include a 6000tpd clinker production line with a contract investment of US$121.43m and a construction term of 31 months and two 180tph cement grinding plants with a construction term of 18 months. The 6000tpd cement line, which will be located in Vietnam’s Quang Ninh P... |
FAS Russia to prevent cement price’s increase05 December 2007, Published under Cement NewsThe Federal Antimonopoly Service (FAS Russia) sent its proposals on the economic policy package, aimed at preventing further cement price increase, to the Chairman of the Government of the Russian Federation, Viktor Zubkov, and the First Deputy Chairman of the Government of the Russian Federation, Dmitry Medvedev. The package comprises ten major measures, reported the press-centre of FAS Russia: 1. Creating conditions for increasing cement output within the framework of the national project ... |
Orascom Construction Inds, S.A.E. OCI power plant Algeria05 December 2007, Published under Cement NewsOCI is Awarded €560m Contract to build a 1200 MW Combined Cycle power plant in Algeria Cairo, Egypt. Orascom Construction Industries ("OCI") announced as part of a consortium that it has been awarded a contract worth €1.35bn by the Algerian state-owned electricity company " Sonelgaz" (Societe Nationale de l’Electricite et du Gaz) to construct a new combined-cycle power plant in Algeria on an Engineering, Procurement and Construction ("EPC") basis. The plant which is the first of its kind in ... |
Large cement producer in Azerbaijan increases prices05 December 2007, Published under Cement NewsGaradagh Cement OJSC announced its price increase for cement products at a level of 16% from 1 December. The reasons for the price increase are the inflation rate, an increase in prices of imported coal, production and personnel costs and heavy modernization expenditure. In 2007, the company invested about 10 mln AZN on modernization projects and in 2008 the planned amount is about 7 mln AZN, which will be mainly spent for modernization in order to meet the European environmental standards. |
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... |