Cement News tagged under: international
Holcim (US) agrees to pay Clean Water Act Penalty, USA13 April 2012, Published under Cement NewsThe US Environmental Protection Agency has entered into a Combined Complaint and Consent Agreement (CCCA) with Holcim (US), Inc in response to alleged violations of the Clean Water Act at its limestone and silica quarry and Portland cement plant located in Florence, Fremont County, Colorado. EPA alleges that Holcim had unauthorised ground water discharges at the facility, failed to comply with sampling requirements, failed to comply with inspection requirements, and failed to develop an a... |
Argentina sees strong MoM gains12 April 2012, Published under Cement NewsArgentina’s shipments (domestic plus export) in March 2012 reached 973,069t, representing a month-on-month rise of 24.1 per cent, data from the local cement association, AFCP, showed. On a YoY basis, shipments were up 5.2%. Domestic sales, including imports totalled 952,811t, a MoM advance of 24.9 per cent and a YoY rise of 4.5 per cent. |
Qilianshan Cement's rights issue plan approval, China12 April 2012, Published under Cement NewsGansu Qilianshan Cement, has received approval from China Securities Regulatory Commission (CSRC) to raise as much as CNY1.68bn via a rights issue. The company plans to issue no more than 142 million new shares to all its shareholders at a ratio of three new shares for every ten existing shares. The proceeds from the issuance will be used to repay the company's short-term commercial paper and replenish working capital. |
Cuban plant celebrates anniversary, surpasses production target12 April 2012, Published under Cement NewsWith over 25,000t of grey cement made in the first quarter of this year, the “26 de Julio” cement works situated in the municipality of Nuevitas, Cuba, celebrates its 44th anniversary. Rudy García Arce, general manager of this factory, highlighted that the company surpassed its production target for the first quarter of 2012. In order to work more efficiently, Mr Arce said it is a priority for the factory to implement the Guidelines for Social and Economic Policies approved last year a... |
India cartel ruling expected in 15 days12 April 2012, Published under Cement NewsIndia’s Competition Commission said it will be at least 15 days before it issues its final report on an alleged cartel by 39 cement companies. "There will be 2-3 meetings of the members. So far, there had been no sittings. It will take at least 15 days for us to prepare the final report," a senior CCI member told PTI. CCI is probing an alleged cement cartel on various fronts including selling prices and the creation of artificial shortages by producing less than capacity. |
Irish Cement strike action continues, Ireland12 April 2012, Published under Cement NewsWorkers at the Irish Cement production plants in Limerick and Platin are continuing strike action over a dispute surrounding the company’s failure to honour a Labour recommendation relating to the payment of outstanding monies to its employees. Local press have reported that pickets were placed on the entrances of the two plants on Tuesday following a decision to take industrial action by the Irish Cement Group of Unions. Speaking to Inside Ireland, Secretary of the Irish Cement Group ... |
New Jamaican project given green light11 April 2012, Published under Cement NewsCanadian engineering firm Cemcorp has been given permission by the National Environment and Planning Agency (NEPA) to construct Jamaica's second cement plant, according to local press reports. Cemcorp will construct a 1.5Mta plant at Port Esquivel, St Catherine, at a cost of US$340m. "We are happy that we can now move forward with our plans," Armand Nahmiache, Cemcorp's chief executive officer, told The Gleaner yesterday. "Hopefully, we will be breaking ground in another three month... |
No asset sales in proposed Cimpor buyout11 April 2012, Published under Cement NewsJose Barros Franco, chief executive of Intercement, a subsidiary of Brazil's second-largest construction group Camargo Correa does not expect to have to sell any assets if its buyout of Cimpor goes ahead as planned. In a written reply to questions from Reuters the bid price of EUR5.5/Cimpor share was "fair", but would not say if the company would consider sweetening the offer. Portuguese conglomerate Semapa has made a proposal to major shareholders in Cimpor to try to keep it in Portugu... |
Cartel ruling expected shortly, India11 April 2012, Published under Cement NewsA ruling by the Competition Commission of India (CCI) on an alleged cartel by cement companies is expected imminently, with a negative verdict likely to negatively affect profits and pricing power, according to sources. “Rumours of penalties of cement companies by CCI has been doing the rounds time and again,” said Vivek Mahajan, head of research at Aditya Birla Money. Brokerage Macquarie said in a March-end report said it expects penalties of about seven per cent of total revenue (las... |
Iran output rises eight per cent11 April 2012, Published under Cement NewsIran registered an eight per cent YoY rise in cement production last year, which ended on 19 March with volumes reaching 66.4Mt, IRNA news agency reported. Some 67.6Mt of clinker was producer, up 12 per cent YoY. Meanwhile, exports of cement and clinker increased 17.44 per cent and reached 10.12Mt. Mehdi Ghazanfari, Minister of Industry, Mines and Trade, stated that domestic capacity currently stands at 74Mt, adding that this figure will reach 110Mt by 2015. One of its latest co... |