Cement News tagged under: international
Polish Grupa Atlas gets approval for EUR112m project, Poland14 July 2004, Published under Cement NewsPolish building materials manufacturer Grupa Atlas was granted a permission to construct a cement plant, a mine and a lime-processing plant on the territory of Lodz Special Economic Zone, Lodz province, central Poland, the company’s CEO Grzegorz Grzelak said. The company will invest some 500 mln Polish zloty (US$138.4m) in the project, to be implemented in two stages. Under the first stage, the company will conduct research work of the limestone deposits near Opoczno, central Poland, and ... |
Cement joint venture to invest in production expansion14 July 2004, Published under Cement NewsHa Noi (VNA)-The Nghi Son Cement Company, a joint venture between the Viet Nam Cement Corporation and a Japanese partner, is expected to submit to the Government for approval its plan to invest US$240m in expanding production. The project, scheduled to start in early 2005 and be completed by 2008, will install a cement production line with a combined capacity of 2.15Mta, build a cement distribution station in central Khanh Hoa province and purchase two ships for carrying cement. About ... |
Ron Pearse on Boral14 July 2004, Published under Cement NewsRod Pearse, the 57 year-old head of Australian building materials giant Boral has successfully led the group for the last four years and under his leadership, Boral has doubled net profit to A$340 million from A$169 million four years ago when he was made chief executive and managing director as the company was demerged, hiving off its energy business in 2000. One of Pearse’s defining steps has been this year’s A$1 billion takeover tilt at cement maker Adelaide Brighton. The competitio... |
ACC plans captive power units14 July 2004, Published under Cement NewsThe Associated Cement Companies (ACC) has targeted annual cost savings of over Rs 100 crore by setting up three captive power plants. The plants are to be set up at Tikaria in Uttar Pradesh, Chanda in Maharashtra and Madukarrai in Tamil Nadu. Tarun Das, chairman, ACC, said, “Our cost would be significantly reduced at the rate of Rs 220-250 a tonne owing to the captive power plants.” The total investment for setting up these three units is estimated at Rs 187 crore, he added. The company annou... |
Titan America fired up14 July 2004, Published under Cement NewsSouth Florida construction companies and developers are counting on the opening of Titan America’s mammoth new plant to catch supply up to demand for cement. The US$220m plant will be able to churn out 1.8Mta of cement, making it the larger of two cement plants in South Florida. Rinker Materials owns the other, which generates about half that tonnage. South Florida’s building boom, paired with a shortage of ships to carry cement to the region, has created a concrete bottleneck, driving u... |
Saudi’s Yanbu Cement14 July 2004, Published under Cement NewsYanbu Cement Co. announced that its first half net income grew by 16 percent to SR 214.3m (US$57.14m) from the same period a year earlier. The company reported its first quarter net income, after Zakah, rose 16 percent from a year earlier to reach SR 104.9m (US$28m,).Yanbu Cement is Jeddah-based and is 78.9 per cent owned by the private sector and 21.1 per cent by the government. |
Cement truck kills 1714 July 2004, Published under Cement NewsA wedding ceremony turns into tragedy as cement truck filled with full cargo of bags rolled backwards into the wedding party killing 17 guests and injuring 12 others earlier this week. The driver was apparently repairing the truck when it overran wooden chocks placed behind its wheels and slid 20m down a slight hill into the reception, which was being held in a house close to the road in the central Javanese town of Ambarawa, some 400km east of Jakarta. Trucks are poorly maintained in Indone... |
Cemex interested in expanding Colombian operations13 July 2004, Published under Cement NewsCementos Mexicanos (Cemex) is eager to expand in the Colombian market where the company has already invested more than US$1bn, reported an insider. The communication manager of Cemex in Colombia, María Clara Avilán, explained to news agency Notimex that the Mexican firm has been in Colombia for seven years now and "is very interested in continuing with its expansion" in the country. "In the cement segment, we have a production capacity that allows us to continue growing much more and in... |
Village votes down Strabag cement plant13 July 2004, Published under Cement NewsResidents of the tiny village of Bukkosd (SW Hungary) have rejected in a local referendum on Sunday construction firm Strabag’s plan to build a HUF 27bn cement factory nearby. Although the factory promised to create jobs as well as generate tax revenue for the village, there were also fears it would cause environmental damage, with half of the cement produced at the site being delivered across the village. Around 70 per cent of the residents voted in the referendum defeating the plan... |
Iranians to discuss cement investment, Venezuela13 July 2004, Published under Cement NewsA delegation from Iranian cement producer Ehdas Sanat will meet with officials from Venezuela’s state heavy industry holding CVG this week, according to a CVG release. The Iranians will review a number of studies performed by CVG to determine the viability of developing a cement plant in Venezuela’s Guayana region. The delegation comprises Asodolah Abedi, Ehdas Sanat’s director general, Gholamreza Ketahfouronsh, deputy director of design and development, and Fariborz Maghimi, adviser for... |