Cement News tagged under: international
Indonesia spending US$200bn could benefit PT Semen Gresik02 December 2011, Published under Cement NewsPresident Susilo Bambang Yudhoyono plans to spend about US$195bn on projects to overhaul ports, reconstruct roads and build bridges, as part of his drive to overhaul a freight-transport network ranked among Asia’s worst. The resulting construction may benefit businesses including PT Semen Gresik, Indonesia’s largest cement maker. “Cement, steel, toll-road and construction companies should experience increased demand during the building phase,” said Kelly Chung, a Hong Kong-based fund manag... |
Cemex agree compensation with Venezuela government01 December 2011, Published under Cement NewsCemex is pleased to report that it has reached an agreement, through its Dutch subsidiaries, with the Government of the Bolivarian Republic of Venezuela and its public entity Corporación Socialista del Cemento SA contemplating the compensation payment to Cemex of US$600m for the nationalisation of Cemex Venezuela, SACA. (“CEMEX Venezuela”). Additionally, the agreement contemplates the cancellation of US$154m of accounts payable by Cemex subsidiaries to Cemex Venezuela. Compensation will ... |
Loesche wins orders in Chile and Indonesia01 December 2011, Published under Cement NewsHormigones Transex Ltda, Santiago, Chile, has awarded the contract for a LM46 2+2i cement mill in Puente Alto in Chile to Loesche GmbH. Loesche Automation was charged with providing the electronic and automation engineering for this mill. The components are due to be delivered in May 2012 and commissioning is scheduled for March 2013. Meanwhile, in conjunction with placing an order for an LM46.2+2 C/S vertical mill from Loesche by PT Semen Baturaja (Persero), Palembang, Indonesia awarded Lo... |
Australia: Holcim in land deal01 December 2011, Published under Cement NewsA private logistics operator has purchased a large parcel of industrial land in the north of Brisbane from Holcim. The group acquired a block of land at Swanbank (in Queenland’s southeast) from Investa property Group for US$20m just over two months ago. Holcim purchased cement firm Cemex Australia in 2009. Holcim has won substantial contracts such as supplying cement for the Gorgon liquefied natural gas project in Western Australia. Holcim was advised by Steve Denys from Desyn Property on ... |
Kenya: concern over slow pace of cement plant01 December 2011, Published under Cement NewsThe construction of a cement factory in West Pokot was received with high hopes of new jobs and business opportunities, but more than one year after being launched by Prime Minister Raila Odinga no building has started and some residents fear it might never be completed. Prime Minister Raila Odinga launched the construction of the factory at Sebit in July last year but no work has yet taken place. The factory was to be put up by investors from Cemtech and Sanghai group of India who plan to ... |
Sumitomo Osaka Cement eyeing future In China01 December 2011, Published under Cement NewsRegional Chinese governments seem to have a voracious appetite for technology, marvelled Sumitomo Osaka Cement Co president Fukuichi Sekine after visiting China in November. During trips to Dongguan and Shenzhen, he was repeatedly solicited by local officials to construct an R&D centre. "They even talked specifics, like the size of tax breaks we’d enjoy if we did set up shop," revealed Sekine. Sumitomo Osaka Cement Co recently built a plant in Dongguan for optical communication parts. Alt... |
Nigeria: Dangote Cement to expand Ibese plant01 December 2011, Published under Cement NewsDangote Cement Plc has signed a contract to expand its Ibese plant, said Joseph Makoju, chief operating officer. The expansion will double output at the 6Mta plant in southwestern Nigeria. Signing the agreement early helped Dangote get “a good price for the construction for almost half of the price,” Makoju said, without specifying the cost of the project or saying with whom the contract was signed. Construction will be completed in three years, he added later at a meeting with investors. ... |
Safety celebrated at Winston-Salem cement terminal30 November 2011, Published under Cement NewsFor the second time this autumn, the North Carolina Department of Labor (NCDOL) honoured exemplary safety performance by a Roanoke Cement Company (RCC) terminal. Commissioner Cherie Berry presented the Safety and Health Achievement Recognition Programme (SHARP) "flag" and certificate to manager of terminal Operations Walter "Junior" Speas, terminal operators Barry Kirby and Al Mullins, and assistant terminal manager, Lance Clinard, in front of RCC and parent company Titan America’s managem... |
Anil bid to cement ties with Bengal30 November 2011, Published under Cement NewsReliance Cement Company Limited (RCCL), a subsidiary of Reliance Infrastructure and part of Reliance Anil Dhirubhai Ambani Group, is planning to foray into Bengal. The company wants to set up a 3Mta cement plant at Raghunathpur, Purulia district. According to sources, Reliance Cement plans to invest INR500 crore in the project and has submitted its letter of intent to the Bengal government. The Bengal unit would be the third plant of Reliance Cement as the company embarks on a capacity expa... |
South Africa: AfriSam to pay cartel fine30 November 2011, Published under Cement NewsAfrisam will pay a fine of ZAR0.9m (US$106,889) for being part of a cement cartel with the other three major players in the domestic cement industry. This follows the Competition Tribunal yesterday confirming the settlement agreement reached between the cement producer and the Competition Commission related to its part in the cartel. PPC applied for and was granted conditional leniency by the commission for disclosures made related to the cartel after the commission raided the premises of ... |