Cement News tagged under: international
Cemex to build plant at UK’s Tilbury docks12 October 2006, Published under Cement NewsCemex has announced that it will invest US$49m in the construction of a grinding plant in Britain, specifically at England’s Tilbury port. The plant will produce 1.2Mta of CEM3, as of 2008 using imported slag from within Europe. The plant is part of the investment programme announced by Cemex early in 2006 and which totals US$500m (involving expansions of existing plants in the US, Spain, the UAE and Mexico). |
Votorantim reluctant to divest12 October 2006, Published under Cement NewsVotorantim Cimentos, a stakeholder on CP Cimento group from Koranyi Ribeiro family, is against the negotiations to sell a 27 per cent equity in CCRG (Companhia de Cimento Ribeirao Grande) to the Greek group Titan in a US$80m deal. Rather Votorantim wants to take over the control of CCRG through a R$500m agreement of which above R$300m would be used to settle the debts of Santo Estevao, the holding of Koranyi Ribeiro family that controls CCRG, with Votorantim. Over a second stage plan, Vot... |
World Bank abandons concrete aims12 October 2006, Published under Cement NewsA request that more than 500,000 earthquake damaged homes in Pakistan be rebuilt using concrete were this week withdrawn by the World Bank. The bank is funding US$220m in housing reconstruction, following last year’s earthquake that killed 80,000 people It had insisted that reconstruction grants of 200,000 rupees (US$3000) be paid per household if work was done in concrete, but materials shortages in remote areas appeared to have forced the World Bank’s to change its mind. To date the Wor... |
Venezuela’s building boom12 October 2006, Published under Cement NewsIn Venezuela’s capital city, mechanical arms are cutting across much of the skyline as construction companies enjoy one of their best years since President Hugo Chavez took office in 1999. Construction saw activity increase 27% during the first half of the year compared with the same period in 2005, and builders believe the good times will continue, thanks to strong economic growth fueled by high oil revenues. But left out of the construction boom is needed low-income housing, a problem f... |
Titan Cement eyes Cyprus expansion12 October 2006, Published under Cement NewsTitan Cement eyes Cyprus expansion Titan Cement is eyeing expanding into Cyprus and is in initial discussion with the Cypriot Cement Company, sources close to the matter said to reporters. The sources added that Titan is interested in acquiring a stake of the Cypriot company but talks are at a very early stage and the outcome of discussions is still uncertain. |
South African cement shortage and FIFA12 October 2006, Published under Cement NewsSouth African cement shortage and FIFA Having stadiums ready for the 2010 soccer World Cup will be held hostage by cement imports, as local producers struggle to keep up with demand. Cement producers Natal Portland Cement, Pretoria Portland Cement (PPC) and Lafarge had been caught napping by unexpected economic growth and a surge in housing and commercial property developments. They were now spending billions of rand to boost plant capacity. But these expansion plans were only due to be c... |
CRH to purchase cement plant in northeast China11 October 2006, Published under Cement NewsCRH said yesterday it had agreed to buy a cement plant in Harbin in northeast China. The move comes after a lengthy period of testing the market, reports the Irish Times. CRH gave no financial details for its latest deal, but said that the Harbin Sanling plant in Heilongjiang province produced 650,000tpa of cement. A move into the booming Chinese market has been long anticipated, particularly into a market where massive urban redevelopment is taking place. CRH already has some mi... |
St Lawrence Cement Group Inc - Board of Directors Change11 October 2006, Published under Cement NewsSt. Lawrence Cement Group confirmed that Mr. Pierre Marc Johnson has resigned from the Company’s Board of Directors. Mr Johnson’s resignation follows his decision to accept to chair the commission which will investigate the partial collapse of the Concord Viaduc in Laval. Mr. Johnson joined the Board in 2001. During his tenure, he served on various committees and acted as Chair of the Environmental and Health and Safety Committee of the Board. Mr. Johnson is an Attorney of Counsel to th... |
Lafarge intends to build big cement plant in Russia11 October 2006, Published under Cement NewsLafarge has stated intention to build a 1.2-1.8Mt cement plant in the Rostov region of Russia. September 30 at an economic forum in Sochi, governor Vladimir Chub and director general of company Lafarge CIS George Morizot signed a cooperation agreement between the region’s administration and Lafarge within the new project. The new plant’s capacity will be enough to satisfy demand of Rostov region in cement, deficit of which is felt on market today. The French businessmen plan to establish... |
Holcim Indonesia looks for Strategic Investors11 October 2006, Published under Cement NewsPT Holcim Indonesia Tbk is looking for strategic investors to buy its stake at PT Wahana Transtama as the plan to sell the stake to the workers has met the deadlock. The company has planned to sell the units on distribution and cement raw material supplier as the unit has kept suffering from losses. The President Director or Holcim Tim Mackay said the company has talked with the company’s trade union about the option to buy the unit by signing three years service level agreement. ... |