Cement News tagged under: international
Booming Poland boosts H+H31 August 2007, Published under Cement NewsBoosted, in particular, by a very strong performance in Poland, H+H, Europe’s second largest producer of aerated concrete, increased its first half turnover by 20.9% to DKr948.7m (€127.4m) and the EBITDA jumped by 94.5% to DKr189.8m (€25.5m) and the pre-tax profit by 166.9% to DKr113.7m (EUR15.3m). Two new plants are currently under construction in Poland and Russia and H+H is looking for a suitable site for its first factory in the Ukraine. British turnover rose by 6.0% to DKr361.7m (... |
Lafarge, firms vie for Iraq cement deals30 August 2007, Published under Cement NewsLafarge and FLSmidth are among at least five companies vying to renovate cement plants in Iraq at a cost of $500m, Iraq’s industry minister said on Wednesday. Egypt’s Orascom Construction Industries and a Czech and Romanian firm are also bidding for the contracts for three plants, the first of 16 that strife-torn Iraq is offering to foreign investors, Fawzi Hariri told Reuters on the sidelines of an Iraq reconstruction conference in Dubai. "They will invest to rehabilitate the plan... |
Zambia, Congo mining projects face cement shortage -Zambian Govt30 August 2007, Published under Cement NewsIncreased investment in Congo and Zambia’s copper belts by mining companies has led to increased demand for cement, creating a shortage which could hurt the progress of most projects, Zambia’s Ministry of Commerce and Trade said in a recent report. Surveys carried out by the ministry have established that Zambia’s Copper Belt Province is the most affected by this shortage, the report said. The shortage there has been exacerbated by increased cement demand in neighboring Katanga province... |
Venezuela: Cemex fears nationalisation spree30 August 2007, Published under Cement NewsThe single mention of President Hugo Chavez in his Sunday radio program of eventual environmental problems in a cement plant of Cemex at Pertigalete (Anzoatyegui) was enough for a spokesperson at Monterrey (Mexico) to jump ahead stating over the last five years the filial has invested Bs$45bn in environmental technology. Jorge Perez stressed the company is ready to present any information required by Venezuelan authorities. Chavez`s talk was interpreted as threat to Cemex, that immediately s... |
Caribbean Cement Company at 90% capacity - imports to plug supply gap30 August 2007, Published under Cement NewsCaribbean Cement Company says it is almost back to normal operations, following the passage of Hurricane Dean. "The plant has not been hit hard and there are no major disruptions to the plant as in the cases of hurricanes Ivan and Wilma," said Anthony Haynes, director general at Carib Cement. The Rockfort plant, along with all its sales locations, resumed operation August 22, three days after the hurricane. "Operations are back to normal even though full capacity has not been restored," s... |
Conch Cement’s Share sales application rejected30 August 2007, Published under Cement NewsAnhui Conch Cement Co said its application for share sales to MS Asia Investment Limited and International Finance Corporation was rejected by the State Development and Reform Committee and the Ministry of Commerce. The cement maker signed agreements with the two strategic investors on December 28, 2005 and meant to transfer 132 and 48 million shares to them. At present, Hailuo Group, the parent company of Anhui Conch Cement, is holding 645 million shares, or 41.19% stake in the ... |
Russian BASEL to build cement plant30 August 2007, Published under Cement NewsThe BASEL CEMENT company seeks to become the main supplier of cement to Olympic construction sites. The company was founded in 2006 to manage Oleg Deripaska’s BASIC ELEMENT company’s cement business. The Serebryansky cement plant, controlled by BASEL CEMENT, won the ownership rights to the Otnozhnaya and Messazhaiskaya cement-containing areas in the Tuapse district of Krasnodar Territory. Their reserves are expected to run out no sooner than in a hundred years. The company will build ... |
Ministry go-ahead for new cement factory, Saudi Arabia30 August 2007, Published under Cement NewsA new cement factory planned for Hidd meets all legal requirements and poses no threat to public health, the Industry and Commerce Ministry reiterated yesterday. It dismissed Muharraq Municipal Council’s threat to block the factory, saying it had no authority to do so. "The Ministry of Industry and Commerce advises that all the matters related to the cement plant in Hidd are in order," it said in a statement. It reiterated that the ministry was the sole authority as legislator and supervi... |
CRH acquires remaining 55% of Cementbouw BV30 August 2007, Published under Cement NewsCRH plc announced today that it has acquired the remaining 55% of Cementbouw BV not already owned by CRH. Following this buyout, CRH’s investment in the business amounts to approximately EUR184m. Cementbouw reported EBITDA of EUR 26.5m on sales of EUR 213m in 2006. Cementbouw is a major Dutch trader in cement, fly-ash and aggregates and is one of the leading readymixed concrete producers in the Netherlands. The company’s Binding Agents & Logistics division is a major player in the Dut... |
Orascom to invest in new South Africa cement plant29 August 2007, Published under Cement NewsOrascom Construction Industries (OCI) has announced the launch of Mafikeng Cement Company (MCC) in the North West Province of South Africa which will build and operate a state-of-the-art cement plant with a production capacity of 2Mta. OCI owns 67.5% of the new start-up venture. Minority partners in MCC include the Barolong-Boo Rapulana Traditional Council and the Barolong-Boora Tshidi Traditional Council each representing their respective local communities, as well as the Osman Family Tru... |