Cement News tagged under: international
Cemex recognised for export efforts, Dominican Republic25 January 2012, Published under Cement NewsCemex has been recognised as a “Great Exporter” by the Dominican Association of Exporters for consistent growth that has led the company to be the biggest exporter of cement in the Caribbean. Carlos Gonzalez, President of Cemex in the Dominican Republic, was on hand to receive the award and attribute this achievement to three factors: a positive business climate in the country, the company’s continuous focus on quality and innovation, and the hard work of over 650 employees at Cemex in th... |
Gresik eyes controlling stake in Semen Baturaja, increases in production25 January 2012, Published under Cement NewsPT Semen Gresik is targeting a controlling stake in fellow state-owned cement producer, PT Semen Baturaja, which will launch an initial public offering (IPO) later this year. The Jakarta Post reports that Gresik would look at Baturaja’s IPO pricing to follow-up on the acquisition and if a large amount of shares is offered the company would look to buy a majority stake, Gresik’s president Dwi Soetjipto, said. "If they off-load a small amount of shares, we would not absorb, because we wa... |
Fire at Clitheroe works, UK25 January 2012, Published under Cement NewsFirefighters attended a blaze which broke out on Friday evening at Hanson’s Ribblesdale cement works in Clitheroe, UK. Local press reported that the ire, which involved a conveyor belt was attended to just after 9pm at the cement works, formerly known as Castle Cement. There was severe damage to the rubber conveyor belt and surrounding machinery during the incident which Clitheroe firefighters dealt with until 1 a.m. Clitheroe watch manager Dave McGrath explained that the plant is currentl... |
Siam Cement Group sees revival in Myanmar demand24 January 2012, Published under Cement NewsSiam Cement Group (SCG), which provides cement exports to Myanmar, is anticipating strong sales in the Southeast Asian country following significant declines last year. Syamrath Suthanukul, marketing director of Thailand’s SCG told the Myanmar Times that last year sales fell approximately 20 per cent YoY as the transition to a democratic government in 2011 affected a number of construction projects and reduced cement sales. “In 2011, our cement exports to Myanmar were down by about 20 ... |
Semen Gresik forecasts 17% rise in revenue, Indonesia24 January 2012, Published under Cement NewsSemen Gresik expects revenue rising 17 per cent this year from an estimated 12 per cent in 2011, and also expects to raise financing this year for two new projects. . According to according to chief executive, Dwi Soetjipto, the company forecasts sales of 23Mt from the 19.8Mt recorded in 2011, Dow Jones reported. Profits are expected to rise by 10 per cent on the back of increased sales and improved efficiency. The construction of the company’s two new cement plants in Tuban, East Java... |
GCC cement sector capacity to hit 120Mt by 201324 January 2012, Published under Cement NewsCement capacity in the GCC cement sector is expected to hit 120.7Mt in 2013, according to a Global Investment House (GIH) report with rising demand in Saudi Arabia, Qatar and Kuwait expected to take pressure off the oversupply situation. Saudi Arabia is driving the capacity gains as the country continues to outperform the region. Volumes are expected to reach 58Mta in 2013 and demand is expected to be on a par as new projects across all sectors emerge due to increased government spending.... |
New Benin plant to be constructed24 January 2012, Published under Cement NewsNouvelle Cimenterie du Bénin (Nocibé) is to construct a 1.5Mta cement plant in Benin, company CEO Latfallah Layousse, said. A contract for the new plant was signed on Friday, according to local press reports. The Nocibé plant will be established in the town of Massa, about 50 miles east of Cotonou, the capital of Benin. Nocibé is led by Groupe Layousse of Ciment de Sahel (Senegal). Units of Ecobank Transnational Inc. and Societe Generale SA are among five banks giving a loan of CFA170b... |
US company to invest in new Nigerian project24 January 2012, Published under Cement NewsA USA-based investment group has announced is to construct a 1.5Mta cement plant and 600MW power plant in the southeastern state of Ebonyi, Nigeria. Local newspaper, The Nation, reports that the Califco Group together with development partners, Cross River International Consulting and in conjunction with Ebonyi state government aims to revitalise cement production in the state as well as create employment. The investment is said to be around US$1.5bn, the Nigerian Tribune reports. The ... |
East Africa Portland Cement workers return to plant, Kenya24 January 2012, Published under Cement NewsEast African Portland Cement employees have returned to plant operations after signing a ‘return-to-work’ agreement with management, local press reports. The agreement comes after the works was shut for more than eight days due to a dispute between staff and the board of directors. Chairman of the board, Mark Karbolo and Ogutu Were of the Chemical and Allied Workers Union, witnessed the signing of the deal. In the agreement, Karbolo said he will act on all the allegations attributed to... |
Maltsovskiy Portlandcement production rises, Russia24 January 2012, Published under Cement NewsMaltsovskiy Portlandcement, part of the Eurocement Group, reported a rise in cement production of 2.5 per cent YoY to 3.16Mt. Clinker production totaled 3.34Mt for the year, a 3.9 per cent increase. Shipments were up 3.14Mt, SKRIN news reported. |