Cement News tagged under: international
PCA commends Corker-Murphy plan – estimates US$210bn additional for infrastructure investment25 June 2014, Published under Cement NewsLast week, Senator Bob Corker (R-TN) and Senator Chris Murphy (D-CT) announced a plan calling for an increase in federal petrol and diesel taxes to shore up the Highway Trust Fund (HTF) and prevent a potential nationwide road construction work stoppage. According to initial reports, the taxes will generate US$164bn increase in HTF revenues. Analysis by the Portland Cement Association (PCA), however, reports that the Corker-Murphy proposal would result in nearly US$210bn additional dollar... |
Spain: May cement demand down 2.9%24 June 2014, Published under Cement NewsCement consumption in Spain reported a 2.9 per cent drop in May to 978,688t, which is 28,849t less than the same month of last year, domestic cement association, Oficemen has said. The latest figure brings cement consumption for the year to date to 4,229,479t, down 3.5 per cent when compared with January-May 2013. Oficemen said it has been the first May since 1965 that cement consumption did not surpass the 1Mt mark. |
Lafarge and Holcim hire banks to sell assets24 June 2014, Published under Cement NewsLafarge and Holcim have hired banks to sell assets as they try to secure antitrust approval for their planned merger, according to reports by Bloomberg citing people with knowledge of the matter. Holcim has hired Credit Suisse and HSBC, while Lafarge is working with Morgan Stanley and BNP Paribas, the sources stated. The sales process is likely to start in the autumn, they said. To satisfy regulatory requirements Lafarge and Holcim will have to make divestments equivalent to around 15 ... |
Paraguay river flooding reduces INC output capacity24 June 2014, Published under Cement NewsDue to the flooding of the Paraguay River, Industria Nacional del Cemento in Paraguay will operate at only 70 per cent of its production capacity this week, said its president Jorge Méndez. He attributes the fall due to wet raw material to the mill, but expects dry raw inputs to arrive on Friday. "From Friday dry raw material will arrive and we will increase the mill capacity. We will have a 70 percent average production of 35,000 bags for about 10 days, due to the moisture content of the... |
Tajik-Chinese talks over new plant project24 June 2014, Published under Cement NewsTalks between Tajiki and Chinese investors are underway over the construction of a cement plant in the south of the central Asian country. The 1Mta cement plant is expected to be constructed in Dangara, unnamed government sources revealed to local press. The estimated cost of the project is reported to be around US$150m. |
Lafarge launches its first southeast Asia Construction Development Lab24 June 2014, Published under Cement NewsLafarge Malaysia yesterday launched its Construction Development Laboratory (CDL) – the sixth facility of its type to be opened by the group worldwide and the first in southeast Asia. Bradley Mulroney, president and CEO of Lafarge Malaysia said that the company is committed to contributing towards sustainable construction by providing the construction industry in Malaysia with solutions that can help promote construction efficiency. "The CDL will enable us to test, adapt and tailor innovat... |
Cementos Molins expects return to profit23 June 2014, Published under Cement NewsCementos Molins expects to be back in the black in Spain thanks to the deceleration of the market slowdown in the country and the development of its business in Mexico. Full-year profits in 2014 are expected to reach EUR30m, according to the company’s CEO, Juan Molins. Last year, the company’s profit were EUR10m, 77 per cent less than the year prior, mainly due to positive figures returned by its foreign operations, which offset losses in Spain. Cementos Molins had an operating profit of ... |
India Cements to upgrade Tamil Nadu works23 June 2014, Published under Cement NewsIndia Cements plans to upgrade and expand capacity of its cement plant in Salem, Tamil Nadu state, India. The company will optimise the existing kiln and add a new line. It has sought environmental clearance and once this is in place the project will be able to proceed, according to sources cited by Hindu Business Line. |
Montana modernisation on the cards, USA20 June 2014, Published under Cement NewsUS-based Ash Grove Cement Company has applied for a change to its air quality permit for possible modernisation to its Montana cement facility. The Montana Department of Environmental Quality is accepting public comment on its preliminary decision to grant Ash Grove a change to its existing permit. The modified permit includes possible modernisation of the facility in the form of a new, more energy-efficient kiln and construction of an overland conveyor for transporting raw materials from ... |
Misr Beni Suef signs equipment contract to facilitate coal usage20 June 2014, Published under Cement NewsMisr Beni Suef Cement has reportedly signed contracts with a European company for the equipment needed to operate a kiln line with coal, involving an investment of EGP200m (US$28m). A company source told local press that after the purchase the cement producer would operate one line with coal and the other with natural gas. Misr Beni Suef Cement is negotiating with several bank for financing part of the deal. (Source: Mist News) |