Cement News tagged under: international
SPCC to launch second production line, Saudi Arabia22 June 2015, Published under Cement NewsSouthern Province Cement Co (SPCC) is likely to launch the second production line at Bishah cement plant in December, said CEO Safar Dhaffir. The 5000tpd line is established by China's CNBM at a total value of US$190m (SAR 713 million), to meet the growing demand for cement in the kingdom. The plant operates currently with a production capacity of 5,200tpd of clinker, OKAZ newspaper reported. |
Irish competition watchdog to go to High Court as part of cement industry investigation19 June 2015, Published under Cement NewsIreland’s Competition and Consumer Protection Commission (CCPC) will go to the High Court next month as part of its probe into alleged anti-competitive practices in the cement industry, according to a report in the Irish Times. The State’s competition watchdog last month seized thousands of documents when it raided the offices of CRH subsidiary Irish Cement. It also visited the offices of several other companies. The daily newspaper reported that the CCPC will ask the court next month to r... |
Indonesian president caps cement prices during peak periods19 June 2015, Published under Cement NewsIndonesia's president has signed a decree allowing the government to cap prices of cement, staple foods and other basic goods during peak periods, a presidential spokesman said. "This regulation gives the authority to the government to set special prices ahead of, on, or after religious holidays or during periods of price volatility," Teten Masduki, presidential spokesman, told reporters. The government is imposing extra measures to ensure prices for food and basic goods do not spike durin... |
Bénédicte de Bonnechose is Lafarge France’s new MD19 June 2015, Published under Cement NewsBénédicte de Bonnechose is Lafarge France’s new managing director, following in the footsteps of Pascal Casanova, who moves to the LafargeHolcim Executive Committee. Since 1993, she has led a varied career with Lafarge, fullfilling a multitude of roles, including financial director of Betons France and director of strategy, public affairs and environment for Lafarge’s operations in France. Early 2013 saw her appointed as managing director of Granulats France. |
CMS sees strong start to the year, Malaysia18 June 2015, Published under Cement NewsCaha Mata Sarawak Bhd (CMS) reported a total revenue of MYR491m (US$132.3m) for the first quarter of 2015, an increase of 32 per cent from MYR373.24m a year earlier. Pretax profit of MYR95.01m in 1Q15 was 44 per cent up on the MYR66.19m in 1Q14. Profit after tax and non-controlling interests increased by 48 per cent to MYR57.42m from MYR38.9m in 1Q14. Earnings per share stood at 5.52 sen versus 3.81 sen (adjusted for share split and a bonus issue in June 2014) from the corresponding perio... |
Dangote Cement planning Asian market entry18 June 2015, Published under Cement NewsDangote Cement is reportedly planning to enter the Asian cement market with the construction of a cement plant in Nepal. Quoting Aliko Dangote, Bloomberg reported that Dangote Cement Plc should complete a factory in Nepal by the end of 2017. It has received 90 per cent of the regulatory approvals needed to start construction in the south Asian nation hit by two earthquakes this year, he said. The company is expected to invest US$400m to build the cement plant with a capacity of as much as ... |
Wonder Cement plans capacity expansion, India18 June 2015, Published under Cement NewsWonder Cement Ltd plans to increase capacity to 10Mta in the next five years from the present 3.25Mta. "We have 3.25Mta cement manufacturing capacity at our Bhatkotri village unit in Rajasthan and have invested INR1600 crore to double the current capacity to about 7Mta by setting up a second production line. It is likely to complete by this year end," Wonder Cement executive director Jagdish Chandra Toshniwal told the Press Trust of India. The company has ambitious plans to further expand ... |
USA: Port of San Diego, Mitsubishi Cement Corp sign conditional agreement18 June 2015, Published under Cement NewsAs part of strategic efforts to increase cargo business at the Port of San Diego, the port has entered into a conditional agreement with Mitsubishi Cement Corporation (MCC) for potential future operations at Tenth Avenue Marine Terminal. The conditional agreement, which was approved by the Board of Port Commissioners on 11 June 2015, will allow the Port to conduct a project review under the California Environmental Quality Act in anticipation of MCC's potential operations at the Tenth Avenu... |
ACC resumes limestone mining operations at Bargarh, India18 June 2015, Published under Cement NewsACC Ltd informed the Bombay Stock Exchange that it has resumed limestone mining operations at Bargarh in Odisha state after about nine months. "The Company has resumed limestone mining operations at Bargarh with effect from June 17, 2015," ACC said in a statement to the Bombay Stock Exchange. ACC stopped mining at Bargarh in October following a government notice to suspend operations. "The impact of the closure was not material since cement grinding continued with transfer of clinker f... |
Egypt: Arabian Cement launches social start-up programme18 June 2015, Published under Cement NewsArabian Cement Company (ACC) announced the launch of its social start-up programme, “Khaleeha Suessi”, helped by Nahdet El Mahrousa (NM), an incubator of early-stage social enterprises in the MENA region. The programme aims at promoting positive social impact and employment opportunities by providing entrepreneurs with the tools needed to successfully establish their own social startups. The launch press conference was attended by Jose Maria Magrina, ACC Chief Executive Officer, and Loay El... |