Cement News tagged under: international
Spanish cement woes continue28 May 2012, Published under Cement NewsSpanish cement consumption continues its downward spiral with latest data showing monthly figures hitting a 46-year low as budget austerity and high unemployment continue to inhibit activity. Depressed volumes are now forcing local producers to initiate restructuring and cost-cutting measures as the bottom of the decline is yet to be seen. Following the spectacular burst of the Spanish housing bubble in 1998, the country's residential sector has faced high housing inventory levels and a l... |
ASEC Cement completes Zahana overhaul in Algeria25 May 2012, Published under Cement NewsCitadel Capital announced today that a key subsidiary of portfolio company ASEC Cement has completed a significant overhaul. “Zahana Cement Company, our key Algerian subsidiary, has just concluded the largest overhaul in the plant’s long history,” noted ASEC Cement CEO Giorgio Bodo. “This substantial intervention will lead to a 20% year-on-year increase in the production of both clinker and cement. Moreover, the deployment of new bag filters as part of the upgrade has dramatically lessened... |
Sino-Zimbabwe pursues Masvingo project25 May 2012, Published under Cement NewsSino-Zimbabwe has begun feasibility studies to establish the extent of limestone deposits in the Nyanda Mountains on the outskirts of Masvingo, Zimbabwe, where the company wants to build a plant. The Herald reported that the Chinese company announced plans last year to establish Zimbabwe's fourth cement plant in Masvingo after finding limestone deposits in the Nyanda Mountains. Now the newspaper states that Masvingo town clerk Mr Adolph Gusha revealed yesterday that the Chinese firm wa... |
Ash Grove approves US$125m investment, USA24 May 2012, Published under Cement NewsAsh Grove Cement Company’s Board of Directors approved a US$125m-plus investment in the company’s Midlothian, Texas, plant at its May meeting. A new preheater, precalciner production system will make Ash Grove’s facility among the lowest emitting cement producers in Texas, the company said in a statement. According to Ash Grove Chairman Charles Sunderland, “We were considering a range of options as a result of the US Environmental Protection Agency’s (EPA) Portland cement National Emissio... |
Indian workers paid dues, Angola24 May 2012, Published under Cement NewsFollowing a month-long dispute, most of Indian workers employed at a cement plant in Sumbe in Angola have been paid part of their pending dues while arrangements made for repatriation of those who want to return to India. "All outstanding overtime dues for February, 2012 have been paid in US dollars to all the workers present. Outstanding overtime dues for March, 2012, will be disbursed in US dollars on May 23 and 24. As of today, more than 700 Indian workers have reported for duty," Indi... |
JK Cement receives approval for Bangalore plant, India24 May 2012, Published under Cement NewsThe Bangalore State High Level Committee (SHLC) has cleared a proposal by JK Cement’s (Western) Ltd to establish a cement factory at Chittapur taluk in Gulbarga district. The company would invest INR2,326.65 crore. The Hindu reports that JK’s cement project is one of 31 proposals across various industries that received clearance from the SHLC yesterday ahead of the state hosting the GIM-2012 Expo at the Bangalore International Exhibition Centre in early June. “The government has set a ... |
Kyrgyz Parliament demands the Government explain high price of cement24 May 2012, Published under Cement NewsThe Kyrgyz Parliament has requested that the government explain why cement prices have dramatically soared in the country, according to local press reports. Today deputy Dastan Dzhumabekov reported that the price for a bag of cement increased to KGS600. “This has never happened. Citizens are outraged and do not understand what is happening. The government should come to Parliament and report,” he said. Earlier, deputy Turatbek Madylbekov demanded that representatives of Kant Cement and... |
CMS embarks on expansion, Malaysia23 May 2012, Published under Cement NewsCMS Cement, the sole cement manufacturer on the Malaysian state of Sarawak, is to invest MYR150m on an expansion programme, Malaysia’s National News Agency, Bernama, reported. "The state's annual need is 1.66Mt and in the last five years, it has registered increases of 10 to 15 per cent," CMS Group Managing Director Datuk Richard Curtis told reporters after officially opening the company's MYR22m Sibu Bulk Cement Terminal. "We will expand our Kuching and Bintulu plants to be able to pr... |
China to fast track infrastructure investment to spur growth23 May 2012, Published under Cement NewsChina will fast track approvals for infrastructure investment to combat a slowdown in the economy, state-backed China Securities Journal reports. The government had asked for project proposals by the end of June, even for those initially earmarked for the end of the year, said the journal. Citing government sources, the article said Beijing did not rule out bringing forward next year's projects, if it thought more investments would be needed to stimulate the economy.?The newspaper al... |
Ghana facing cement shortage23 May 2012, Published under Cement NewsThe Ghana market is facing a shortage of cement attributed to the closure of Diamond Cement Manufacturing company, which has resulted in prices being increased on the back of heightened demand. Last week, CemNet news reported that Diamond Cement had stopped operations due to power issues due to a transformer being damaged during a recent thunderstom. Operations at the plant were said to resume shortly. Ghacem, the country’s leading cement producer and part of the HeidelbergCement grou... |