Cement News tagged under: international
Cerro Azul inauguration date announced09 January 2012, Published under Cement NewsOn 29 June 2012, the new Cerro Azul cement plant in the north of Maturin, Monagas state, in eastern Venezuela will be inaugurated, announced Ricardo Menendez, minister for industries, in a radio broadcast. Cerro Azul will have a production capacity of 1Mta of Portland cement and is under construction near Turimiquire, which has a reserve of 250Mt, guaranteeing inputs for 130 years. Venezuela’s current installed cement production capacity is 9.09Mta, according to Raul Pacheco, deputy min... |
Aditya Birla to bid for Lafarge’s South African cement business?09 January 2012, Published under Cement NewsIndia’s Aditya Birla group which owns UltraTech Cement Ltd is considering buying Lafarge's cement business in South Africa, the Business Standard reported Monday, citing unnamed sources. Lafarge is restructuring its global operations by selling some of its assets to retire debt, the report said. Aditya Birla is conducting initial assessment for a possible bid for the Lafarge unit, the report said. Lafarge South Africa Holding has an annual cement capacity of over 3Mt and operates 20 quar... |
Conch announces new grinding plant, China06 January 2012, Published under Cement NewsAnhui Conch Cement plans to invest CNY800m (US$126.9m) to build a grinding plant with capacity of 6.6Mt. The first phase of the project is projected to produce 4Mt. The cement maker recently spent CNY98.01m to acquire a plot of land. |
Holcim Malaysia eyes increased sales driven by green cement06 January 2012, Published under Cement NewsHolcim (Malaysia) Sdn Bhd, is eyeing MYR342m (US$108.7m) in sales this year, mainly boosted by its newly-launched green cement range. Chief Executive Officer, Mahanama Ralapanawa, said the new product would attract more developers as they seek green certifications like the Green Building Index, Green Mark and vied for international property awards like the International Real Estate Federation (FIABCI). He said Holcim Malaysia’s sales and profits this year would also be driven by greate... |
CNBM buys stake in Panzhihua Coal Cement, China06 January 2012, Published under Cement NewsChina National Building Material Group Corporation (CNBM) has agreed to acquire a 100% stake in Panzhihua Coal Cement Products Company Limited from Panzhihua Coal (Group) Company Limited. All the companies are based in China. Panzhihua Coal Cement is engaged in the production and sales of cement and cement products, and Panzhihua Coal (Group) is engaged in coal trading, investment and asset management. Panzhihua Coal Cement owns two production lines for a cement grinding station with a cap... |
Lalibela Cement to construct factory in Ethiopia06 January 2012, Published under Cement NewsLalibela Cement S.C is to construct a plant in the Amhara Regional State, Ethiopia. The company is confident that the regional government will approve the request for a 60ha land plot for the construction said Serawit Amene, General Manager of Lalibela. Lalibela selected the Eastern Gojam Zone of the Amhara Regional State because of the large scale availability of raw material for cement production and it’s proximity to Addis Ababa and Sudan, he said. The company expects to complete the c... |
Tangshan Jidong Cement reports 30.82% rise in clinker output06 January 2012, Published under Cement NewsTangshan Jidong Cement, a Hebei Province-based producer of cement and clinker, saw its clinker output as of the end of November, 2011 hit 4,705.59t, up 30.82% YoY, local media reported. Its cement output in the same period jumped 25.23% on-year to 4.29Mt. In the first 11 months of 2011 the company put seven new production lines into operation and added 15.9Mt of clinker production capacity and 19.3Mt of cement production capacity in total, including its acquisitions. The company’s clinker... |
India likely to post double-digit growth in December06 January 2012, Published under Cement NewsRobust sales from Indian cement majors have once again put industry on a double-digit growth trajectory. Initial estimates suggest the industry is likely to grow 12 per cent in December. UltraTech Cement, part of Aditya Birla Group sold 10.5 per cent more cement while Holcim’s ACC dispatched close to nine per cent more during the month. Jaiprakash Associates came up with a whopping growth in sales at 29 per cent while Shree Cement posted growth of 17 per cent. The Cement Manufacturers’ Ass... |
Credit Suisse cuts Europe building materials market weight06 January 2012, Published under Cement NewsCredit Suisse downgrades the European building materials sector to market weight from overweight, saying it expects core fundamentals – volumes, prices and margins – to remain challenged. It says these risks are not reflected in valuations. "In contrast to industry optimism, we believe the cement pricing outlook remains highly uncertain and expect the magnitude of price increases to be insufficient to cover cost inflation of 3% fully." The house downgrades CRH to underperform from neutral ... |
Siam Cement plans US comeback05 January 2012, Published under Cement NewsThailand’s Siam Cement Group (SCG) will bolster its US presence on the back of positive signs of an economic recovery in that country. The move will be aimed at meeting this year’s revenue growth target of 12% to THB400bn. Kan Trakulhoon, the president and chief executive of Thailand’s top industrial conglomerate, said a team has been assigned to prepare the group’s re-entry into the US market after positive signs, including the recent sharp rebound in the US stock exchange and last month’... |