Cement News tagged under: international
Port-Daniel cement investment, Canada30 January 2014, Published under Cement NewsCanada is expected to contribute CAD350m (US$313m) to build a 2Mta cement plant in Port-Daniel. The investment, will take the shape of repayable loans and participation, Pauline Marois, premier of the Québec government, is expected to announce on Friday. The balance of the CAD1bn project will be financed by Ciment McInnis and the Beaudier group. Construction work is expected to start later this year. It is envisaged that the construction will employ 2000 people while the plant will offe... |
Lafarge Republic gets go-ahead for plant expansion30 January 2014, Published under Cement NewsLafarge Republic has secured approval from its board of directors to expand its plant in Norzagaray, Bulacan, to keep up with continuing growth in the domestic cement market. In a disclosure released yesterday, the country’s second-largest producer, said: "Please be advised that at the regular meeting of the board of directors of Lafarge Republic, Inc held on January 28... the board of directors approved the corporation's investment in a new grinding mill for its Norzagaray Plant, with capa... |
Semen Indonesia plans IDR4trn capex in 201430 January 2014, Published under Cement NewsSemen Indonesia plans to spend IDR4trn (US$328.81m) to construct two plants in Rembang (Central Java) and Indarung (West Sumatra), the company’s CEO, Dwi Sutjipto, has said. Indonesia’s largest cement producer also plans to improve its distribution capabilities by establishing packaging factories in Balikpapan, Pontianak and North Sulawesi. Last year the company registered a net profit of more than IDR5.7trn, up 16 per cent YoY. Looking ahead, Semen Indonesia has said it is optimistic t... |
JP Morgan Cazenove upgrades Holcim30 January 2014, Published under Cement NewsJP Morgan Cazenove has upgraded Holcim to 'neutral' from 'underweight' and raised its price target to CHF71 from CHF58 as the outlook for cement makers is turning positive. "Construction materials is one of the few emerging markets exposed sectors that offer attractive risk-reward at present," say analysts. "It's time to reverse our relative negative stance, especially for cement stocks, and we see scope for 2014 to be a year of earnings growth," they add. |
Indonesian demand expected to rise by 6-7%29 January 2014, Published under Cement NewsIndonesian cement consumption is expected to grow at a similar rate to 2013 despite cement price increases, as producers look to compensate for higher electricity costs and lower growth forecasts. Widodo Santoso, chairman of the Indonesian Cement Association, told the Jakarta Post that cement demand is expected to rise to 63Mt this year, a YoY increase of 6-7 per cent. Around 1Mt of demand is expected to be met by imports. Last year domestic consumption reached 58Mt, increasing by abo... |
PPC expansion on track28 January 2014, Published under Cement NewsPPC has said its expansion remains well on track and commissioning of its Rwanda plant is anticipated at the end of 2014. Construction work has also commenced at sites in Ethiopia and the Democratic Republic of the Congo, it added. As part of its local 'Keeping the Home Fires Burning' strategy, in December 2013, PPC acquired a 69.3 per cent stake in Safika Cement Holdings for ZAR377m. "Additional opportunities are currently being pursued and further announcements will be made in the near... |
Lafarge seeks government nod for limestone approval, India28 January 2014, Published under Cement NewsLafarge has warned that it could be forced to shut its Indian flagship plant in Chhattisgarh as limestone reserves are fast running out. The cement major is now urging the government to speed up approvals so that it can expand the area of its limestone mine in the state. "Any further delay in the clearance… will raise a huge risk on the survival of the plant operation," Lafarge India said in an appeal to the Cabinet Committee on Investment, highlighting the Union mines ministry’s inability... |
Bolivia: gas deal for Yacuses plant28 January 2014, Published under Cement NewsA cement plant in Yacuses, Bolivia, being constructed by Itacamba has received government authorisation to take delivery of natural gas to fire its new kiln line. Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) will deliver 250,000m3 as well as a US$15m-long pipeline which will be connected to Brazil, according to the agreement with YPFB. Construction of the US$200m cement line is expected to start in April and will see capacity rise by 0.2Mta to 0.85Mta by April 2015. The additional... |
National Cement Co elects James E Rotch chairman of the Board, USA28 January 2014, Published under Cement NewsThe Board of Directors of National Cement Company, Inc, a subsidiary of the Vicat Group, has elected James E Rotch of Birmingham, Ala, as chairman of the Board of National Cement Company, Inc. Mr Rotch will continue in the practice of corporate law with the firm of Bradley Arant Boult Cummings LLP, a regional law firm with offices throughout the Southeast, including Birmingham, Alabama, in addition to his duties as Chairman of the Board. National Cement's operations include cement produc... |
Martin Marietta in talks to buy Texas Industries - report27 January 2014, Published under Cement NewsMartin Marietta Materials Inc, the fourth-largest US aggregates producer, is in advanced talks to buy construction material supplier Texas Industries Inc, Bloomberg yesterday reported, citing people familiar with the matter. An all-stock deal could be announced as early as next week, the report said. Bloomberg reported last month that Dallas-based Texas Industries had put itself up for sale and was working with Citigroup to find a buyer. Southeastern Asset Management Inc and NNS Holdin... |