Cement News tagged under: international
Jaypee Group Acquires GP Goenka’s Andhra Cement17 November 2011, Published under Cement NewsJaypee Group is acquiring a controlling stake in GP Goenka group’s Andhra Cements. The deal involves Jaypee Development Corporation, a privately held arm of the group, acquiring 66.7 per cent in Andhra Cements for INR234.7 crore. This will be done through share purchase from the GP Goenka group and a preferential allotment of fresh shares, followed by an open offer. While INR177 crore will be used for fresh equity infusion, the remaining will be used to buy a part of the stake currently ... |
LSR Group cement enters the market, Russia17 November 2011, Published under Cement NewsLSR Group has started to sell its cement (which until now had only been consumed by the company’s subsidiaries) to other construction companies in Russia. The company’s new plant, located in Slantsy, Leningrad region, has a capacity of 1.86Mta and was launched at the end of 2010. In 2011 it completed commissioning procedures and manufactured and tested clinker and cement and obtained all the necessary certificates. The first batches were tested at LSR Group’s reinforced concrete and ready-... |
Lafarge unit relocating headquarters, USA17 November 2011, Published under Cement NewsA unit of Lafarge Cement North America is relocating its headquarters and about 50 jobs from Lee’s Summit to the Executive Hills East Business Park in Kansas City. The Economic Development Corp. of Kansas City, which worked with Lafarge, said the lease and improvements in the office space represent about a US$1.5m investment. |
UltraTech to add 10Mta of capacity by March 201417 November 2011, Published under Cement NewsUltratech Cement Ltd plans to invest INR110bn (US$2.2bn) over the next three years to expand its production capacity, the company told its shareholders in a letter late Wednesday. The unit of the diversified Aditya Birla group said the expansion would be completed by March 31, 2014, and that it would add 10Mt to its cement production capacity. The company currently produces 52Mta of cement. Ultratech said it would fund its capital expenditure through a "judicious mix of internal accruals ... |
Lafarge reaches agreement on Algeria project17 November 2011, Published under Cement NewsLafarge appears to have finally reached agreement with the Algerian authorities on the commercial structure of a project that it inherited as part of its acquisition of the global cement interests of Egypt’s Orascom Construction Industries (OCI) at the end of 2007. Responding to a question in the upper house of parliament on November 10th, the Algerian industry and investment promotion minister, Mohammed Benmeradi, said that the French company had agreed to undertake the project as a minori... |
Ulyanovskcement boosts cement production, Russia16 November 2011, Published under Cement NewsZAO Ulyanovsktsement boosted production of cement by 19% in the first 10 months of this year versus January-October 2010 to 1.39Mt. Production of clinker totaled 1.1Mt, up 4% YoY. Between January-October 2011 shipments reached 1.39Mt of cement, up 19% YoY, parent company Eurocement Group said. |
Locals protest against new Andhra Pradesh plant, India16 November 2011, Published under Cement NewsTension prevailed for some time at Pudi village of Rambilli coastal village, in the state of Andhra Pradesh (AP), when hundreds of people including villagers, environmentalists and politicians of several opposition parties opposed the proposed production unit of calcium aluminate cement (CAC) of Kerneos India Aluminate Technologies Private Limited in the district. Kerneos, with an investment of around INR90 crore, has reportedly received an industrial licence from the Secretariat of Industr... |
India Cement acquires coal mines in Indonesia16 November 2011, Published under Cement NewsIndia Cements has reportedly acquired a coal mine in Indonesia, which is expected to go on-stream by January 2012, for US$20m. According to reports, India Cements is also in the process of setting up a 50MW power plant near Tirunelveli in Tamil Nadu . N Srinivasan, vice chairman and managing director, India Cements was quoted as saying: “The coal mine acquisition is a strategic decision, it will reduce our exposure to the fluctuating coal price internationally. Despite a 4% fall in dem... |
Lafarge WAPCO increases supply to the Nigerian market16 November 2011, Published under Cement NewsAhead of the inauguration of its new cement plant in Lakatabu, in Ewekoro, Lafarge Cement WAPCO Nigeria, has increased the supply of cement to the Nigerian market. Since full production began at the Ewekoro factory in September, the plant has achieved over 58,000t of clinker production, 37,000t of cement and supplied 35,000t of cement to the market. With the addition of the new plant, the company will now be producing over 8Mta. |
Himachal Pradesh asks producers to take steps to reduce prices, India16 November 2011, Published under Cement NewsHimachal Pradesh government has asked the cement companies located in the state to take immediate measures to reduce prices, state Industries minister, Kishan Kapoor, said. Addressing a meeting of senior officers and representatives of cement factories here he said that the government had asked these companies to do the needful by November 21 and intimate the “action taken” to the government. He said that the land of the State had been given by the people to cement companies to set up cem... |