Cement News tagged under: international
St. Lawrence Cement denied zoning bid for NY plant.21 April 2005, Published under Cement NewsCanada’s St. Lawrence Cement Group Inc it has been denied a key zoning application to build a cement plant in New York state to replace an older one in nearby Catskill. The company said New York’s Department of State had said late on Tuesday the replacement plant would not be consistent with its coastal zone policies. The Montreal-based company said it was disappointed with the decision and would consider its options. St. Lawrence Cement had been working on getting permits ... |
Indonesia March cement consumption +16.5 per cent YoY21 April 2005, Published under Cement NewsIndonesia’s cement consumption, an indicator of economic activity, rose 16.5 per cent by volume in March from a year earlier, amid an improved economy, the country’s largest cement maker said on Thursday. State-controlled PT Semen Gresik Tbk, 25.5 per cent controlled by Cemex SA, said Southeast Asia’s largest economy used 2.65Mt of cement last month, up from 2.27Mt a year before. Domestic sales of Semen Gresik alone grew 8.7 percent to 1.13Mt. Including exports, Gresik sales rose 5.5 p... |
Jordan Cement Factories Co 2004 net sales reach US$234.3m21 April 2005, Published under Cement NewsJordanian cement producer Jordan Cement Factories Co (JCFC) registered an 18.6 per cent YoY increase in its 2004 net sales to JOD165.8m (US$234.3m). The company’s output rose 11 pct to 3.097Mt, which is a record-high figure since the company’s establishment. Local sales stood at 3.853Mt, a 20 per cent increase. JCFC reported a surge in net profit to JOD 52.1m (US$73.6m), up 93 per cent YoY. Based on the strong performance in 2004, the company’s management board has proposed a... |
Camargo Correa to buy Loma Negra , Argentina20 April 2005, Published under Cement NewsBrazilian cement maker Camargo Correa Cimentos, a unit of the local construction group Camargo Correa, will pay US$1.025bn for the Argentinean cement giant Loma Negra under an agreement signed on April 19, 2005. Camargo Correa will also assume Loma Negra’s debts. The agreement was signed between Camargo Correa and Loma Negra’s shareholder and Argentina’s wealthiest woman, Amalia Lacroze de Fortabat, and envisages also the purchase of Loma Negra’s subsidiaries Compania de Servicios ... |
Italcementi plans US$20m investments in Bulgarian plants by 200620 April 2005, Published under Cement NewsItalcementi said it plans invest some US$20m (EUR 15.4m) in its two plants in Bulgaria by 2006 to improve quality and reduce environmental impacts. The new investments will come on top of the $160m Italcementi has put in the plants since their acquisitions in the late 1990s. The investments will be made to meet the commitments made during the privatisation of the two companies, Italcementi CEO Carlo Pesenti told SeeNews. Italcementi bought the Devnya cement plant near the Black Se... |
Melon submits cement plant project EIS to Conama, Chile20 April 2005, Published under Cement NewsChilean cement company Empresas Melon has submitted the EIS for a US$20m cement grinding plant to national environment authority Conama. The plant would be built in southern Region X capital Puerto Montt, and have a 300,000tpa capacity. Once approved, the plant could begin operations in the first half of 2007. The plant would focus on supplying the country’s south and producing three cement types. It would allow the company’s current La Calera, 1.5Mta plant in central Region V to conce... |
Semen Gresik forecasts cement shortage in 2007, Indonesia20 April 2005, Published under Cement NewsPT Semen Gresik (SG), has projected a shortfall in cement supply in 2007 due to the high demand from government-driven infrastructure projects. To anticipate the shortage, SG is planning to construct new plants, either in Sukabumi, West Java, or near Pacitan, East Java, with an installed capacity of between 2.5Mt and 3Mta. "We are forecasting that there will be a shortage of cement within the next two years amid rising demand from infrastructure projects," SG President Director S... |
Spanish cement consumption down 0.3 per cent Y/Y Q1 200520 April 2005, Published under Cement NewsCement consumption in Spain decreased 0.3 pct year-on-year to 11.4Mt in the first quarter of 2005, Spanish Cement Makers Association (OFICEMEN) said. The decrease resulted from the fewer work days in Spain for the period due to the Easter holidays in March 2005. Cement production in Spain increased by 2.9 per cent YoY to 11.2Mt in the first quarter of 2005. Spanish cement exports went up by 16.9 per cent YoY to 360,558t in the first three months of 2005. Imports for the period fell ... |
Polpaico to invest US$13m in 2005, Chile20 April 2005, Published under Cement NewsChilean cement producer Polpaico, controlled by Holcim, plans to invest US$13m in 2005, according to the company’s president, Juan Antonio Guzman. The investment will be for maintenance and expansion works, as well as to increase the effectiveness of the company’s administration. Polpaico’s expansion was encouraged by the high demand on the local market and the large number of both public and private projects announced for 2005. The announcement was made during a meeting of Polp... |
Higher costs to crimp India cement makers’ profit19 April 2005, Published under Cement NewsHigher fuel costs will have dented quarterly earnings of India’s leading cement companies, but their outlook remains upbeat thanks to strong demand in a growing economy. Cement consumption in the world’s largest market after China is forecast to grow at a compound annual growth rate of 7-8 percent over the next few years, as India steps up spending on roads and houses, analysts said. India’s billion-plus people need some 33 million houses. As incomes grow, analysts say this will keep d... |