Cement News tagged under: international
Cement workers agree with employers27 April 2006, Published under Cement NewsAgreement was reached between the Turkish Çimse-Iş Union and the Cement Producers Employers Union (CMIS) at the collective bargaining meetings for nearly 5000 workers at 44 factories. According to a statement issued by the Turkish Çimse-Iş Union, there will be an increase of 12 per cent in the wages of the workers for the first year and an increase at the rate of the Consumer Prices Index (CPI) for the second year. The social assistances will rise by rates at 16 per cent and 80 per cent... |
Lafarge inaugurates a new cement plant, Mexico27 April 2006, Published under Cement NewsLafarge announces that it is doubling its grey cement production capacity in Mexico with the inauguration of a state-of-the-art cement plant at Tula, near Mexico City. The new plant, which will be inaugurated today in the presence of the Mexican Minister for the Economy, represents a total investment of US$120m for an annual production capacity of 600,000t. This modern, low cost, strategically located plant reinforces Lafarge’s participation in the growth of the Mexican cement market. As on... |
Holcim Expects Asia-Pacific sales to rise in 200726 April 2006, Published under Cement NewsHolcim expects its sales growth in the Asia-Pacific region to climb to around 25 per cent in 2007 from an estimated rate of 13 per cent this year, thanks to increasing cement demand and the company’s regional expansion plan, Chief Executive Markus Akermann told reporters Tuesday. Holcim, one of the world’s second-largest cement producer by sales, is looking to increase investment in China, India and Vietnam as cement demand in these countries is expected to rise substantially, Akermann said ... |
UltraTech net figures show excellent returns26 April 2006, Published under Cement NewsUltratech Cement has reported net sales of Rs 1022 crore for the quarter ended 31 March, ’06 as against Rs 698 crore for the corresponding quarter in the previous year. The company has indicated that this equates to an effective increase of 31 per cent, after adjusting for the freight and trading sales impact. The company’s bottomline has skyrocketed 1,540 per cent on a low base. Net profit increased from Rs 5 crore to Rs 82 crore. While operating profit stood at Rs 199 crore (Rs 113 cr... |
Sibtsement announced production acceleration, Siberia26 April 2006, Published under Cement NewsKemerovo-based holding Sibirskiy Tsement intends to start building a new US$150m cement facility in by capacity of 1.2Mta in Krasnoyarsk this year. The company’s president Andrey Muravyev stated that at a press conference in Kemerovo. Mr. Muravyev explained if the sector did not start expanding facilities, in a few years Siberia’s market would feel cement deficit. Earlier the main competitor of the Kemerovo plant in the Siberian Federal District – Novosibirsk group RATM had started on expand... |
Jordan Cement to raise capacity26 April 2006, Published under Cement NewsCement producer Jordan Cement Factories Co (JCFC) plans to raise its annual capacity to 5.5Mt in 2008, the company said on April 24, 2006. Cement production rose to 4.04Mt in 2005 from 3.9Mt in the previous year. The company also reported a 27.9 per cent year-on-year rise in net profit to a record 80.8m Jordanian dinars (US$113.8m) in 2005. The strong increase was mainly attributed to a rise in local sales to 193.1m dinars (US$272m) from 147.3 mln dinars (US$207.4m). |
Nevada Cement agree on new contract, USA26 April 2006, Published under Cement NewsUnion members at northern Nevada’s largest cement provider have approved a new contract, averting a strike that could have crippled the local construction industry. Union spokesman Richard "Skip" Daley told News 4 a majority of employees at Nevada Cement voted to accept the contract offered by management Monday night. The deal marked an end to a month of negotiation and strike threats by workers over benefits, pay and pension. Daley says Workers accepted a five-year contract that includes pa... |
National cement consumption rate declines25 April 2006, Published under Cement NewsIndonesian cement consumption rate in the first quarter of 2006 reached 6,967,900t, down by 3.3 per cent from 7,208,335t in the same period last year. The decline occurs because of the weak purchasing power and the yet realized infrastructure projects. Therefore, in the future months, the sales volume of cement is estimated to increase as the government starts realizing its infrastructure projects. Some cement factories will also expand the number of their factories to anticipate the rising... |
Midroc Ethiopia has announced cement factory plans25 April 2006, Published under Cement NewsSigning the project’s memorandum of understanding (MoU) with Chief of the Oromia State Abba Dulla Gemeda yesterday, the company owner Sheikh Mohammed Hussein Al Amoudi said the factory to be built at a cost of 2.4 billion birr would create job opportunity to 2000 workers.In addition to raising the volume of the nation’s current cement production tenfold, the honourable Dr. Al Amoudi said it will also play a big role in curbing construction problems related to cement supply. Expressing his ... |
Chinese cement producers warned about foreign competition25 April 2006, Published under Cement NewsA Chinese official warned here on Monday that the nation’s cement producers would face tough competition from foreign counterparts if they do not step up mergers and acquisitions (M&As). Niu Jianguo, deputy director of the Economic Operation Department of the National Development and Reform Commission (NDRC), the country’s leading industrial watchdog, told a press conference that the cement industry was facing "severe competition" as foreign investors are quickening the pace in regrouping C... |