Cement News tagged under: international
APCMA re-elects Aizaz Mansoor as chairman10 October 2012, Published under Cement NewsThe All Pakistan Cement Manufacturers Association (APCMA) has re-elected Aizaz Mansoor Sheikh unanimously as Chairman of APCMA in its Annual General Meeting held at APCMA Secretariat, Lahore. According to an announcement issued by the APCMA here on Tuesday Sayeed Tariq Saigol of Maple Leaf Cement Factory Limited and Muhammad Ali Tabba of Lucky Cement Limited were also unanimously re-elected as Vice Chairmen of the Association. Aizaz Mansoor Sheikh of Kohat Cement Company Limited has serve... |
Muger Cement Enterprise plans coal conversion project, Ethiopia10 October 2012, Published under Cement NewsEthiopia’s Muger Cement Enterprises is considering proposals from two Chinese suppliers to award a turnkey project for converting the current Heavy Fuel Oil (HFO) clinker burning system to coal fired system. Declining to disclose the names of the companies, Mekonnen Zergaw, CEO of the Enterprise told Fortune that five companies had participated in the bid, of which one has been disqualified at the beginning while two companies did not pass the technical evaluation. The government instructe... |
Latin American cement demand rises in 2Q201209 October 2012, Published under Cement NewsCement consumption in the second quarter in major Latin American economies closely reflected the current economic cycle and countries such as Peru, Bolivia and Chile stood out for their dynamism against a background of overall economic growth, according to the latest Infrastructure, Water & Waste Stats report by BNamericas. Peru noted a 18.3 per cent YoY rise to 2.235Mt in cement demand. For 2012, the country is expected to grow by 5.9 per cent, making it the fastest-growing economy in the ... |
Chile notes 12 per cent increase in construction activity09 October 2012, Published under Cement NewsChile’s monthly index of construction activity, Imacon, registered a 12 per cent YoY rise in August, surpassing the 0.72 per cent increase noted in July. Javier Hurtado, director of studies of the Chilean Chamber of Construction (CCHC) said that the sector activity continues to show double-digit annual growth rates, in line with most of the indicator’s components (employment, demand for building supplies, building permits and general contractor activity). The activity of general contracto... |
Holcim to close Hungarian plant09 October 2012, Published under Cement NewsHolcim is to close its cement factory in the Hungarian city of Labatlan (N Hungary) by next year, communications director of Holcim Hungaria Zrt., Iren Marta told local press on Monday. According to reports in MTI, Holcim originally planned to wind up the 144 years old plant by 2010, but its lifetime had since been extended by environment-friendly investments of almost HUF 500m to 2016. However, the downturn of Hungary's construction industry has now made closing unavoidable, Ms Marta sa... |
New Nigeria cement plant under planning08 October 2012, Published under Cement NewsThe Abuja Chamber of Commerce Industry, Mines and Agriculture (ABUCCIMA) announced it is to build a cement factory in Abia state, Nigeria, in partnership with foreign investors and the state government. Dr Solomon Nyaba director general of ABUCCIMA told local press that work is scheduled to start very soon. “Abia is a good place for investment because the government is willing to provide incentives to investors,” Business Day quoted him as saying. “The state has huge deposits of li... |
Deliveries to Lebanon decline during Jan-July 201208 October 2012, Published under Cement NewsCement deliveries to Lebanon declined by 5.32 per cent YoY to 3,075,466t during the first seven months of 2012, from 3,248,415t a year earlier. On a monthly basis, deliveries eased by 4.55 per cent to 488,690t in July compared with 511,973t in June. The average monthly growth rate in cement deliveries reached 4.32 per cent during the first seven months of 2012 compared with a higher 7.21 per cent growth in the same period in 2011. The compounded annual growth rate in cement deliveri... |
S&P rates China Tianrui senior unsecured notes 'B'08 October 2012, Published under Cement NewsStandard & Poor's Ratings Services today assigned its 'B' issue rating to a proposed issue of U.S. dollar-denominated senior unsecured notesby China Tianrui Group Cement Co. Ltd. (B+/Stable/; cnBB/). The agency also assigned its 'cnBB-' Greater China regional scale rating to the proposednotes. The proposed issue is rated one notch lower than the corporate credit rating on Tianrui because of priority liabilities at its operating company in China. S&P said the proposed issuance does n... |
New research highlights critical economic role of the mineral products industry08 October 2012, Published under Cement NewsNew research from leading economic consultancy Capital Economics has highlighted the critical role of the minerals products industry to the UK economy. The Capital Economics research has found that the UK Minerals Products Industry: • Makes a Gross Value Added (GVA) contribution to the UK Economy of over GBP4bn pa – greater than creative industries such as film and video and not far short of motor vehicles and aerospace • Generates an annual turnover of GBP9bn • Has labour product... |
Paramount unveils plans for former Lafarge plant site, UK08 October 2012, Published under Cement NewsParamount Pictures has unveiled plans to build one of the world’s biggest theme parks in Britain – creating 27,000 jobs at a former cement works. The huge GBP2bn attraction will be built near Dartford, Kent, to rival Disneyland Paris. It will be built on brownfield land on the Swanscombe Peninsula, between Dartford and Gravesend, Kent, which was formerly a cement works owned by Lafarge. The entertainment complex will be twice the size of the Olympic Park and be among the four largest t... |