Cement News tagged under: international
UltraTech YoY results improve, but warns of surplus scenario20 October 2011, Published under Cement NewsUltraTech Cement Ltd, part of the Aditya Birla Group, reported net sales at INR39.100bn for the quarter ended 30 September 2011, a 21.6% rise when compared with INR32.15bn noted during the corresponding period of the previous year. EBITD reached INR6.85bn, reflecting a 43.9% YoY advance from INR4.76bn. Profit after tax more than doubled YoY from INR1.16bn to INR2.79bn. However, while the performance of the company indicates a significant improvement YoY, the positive trend originates from... |
FLSmidth to acquire Transweigh Ltd20 October 2011, Published under Cement NewsFLSmidth has acquired 100% of the shareholding in the Indian company Transweigh India Limited, a company in which FLSmidth has until now been a minority shareholder. Transweigh India Limited is a supplier of gravimetric feeding equipment, mainly to the steel, iron and cement industries. The company also markets and sells FLSmidth Pfister’s leading fuel feeder product range to the growing Indian market. Transweigh also sells a large number of proprietary products such as belt weighfeeders... |
ABB holds successful global mining user conference20 October 2011, Published under Cement NewsABB recently held its first global Mining User Conference in Basel, Switzerland, from October 12 to 15, at the Hilton Hotel Basel. This conference – an extended version of the successful ABB Gearless Mill Drive (GMD) User Meeting – included participants from the underground and open-pit mining community for the first time. The event succeeds four global GMD User Meetings in Switzerland (2007 and 2009), Peru (2008), Las Vegas (2010) and two regional events in Santiago de Chile and Sydney, Aus... |
US shipments edge up in July19 October 2011, Published under Cement NewsTotal shipments of portland and blended cement in the United States and Puerto Rico for July 2011 were 6.8Mt, according to preliminary data released by the USGS. This was only slightly higher than shipments in July 2010. Shipments for the year through July were 38.8Mt, essentially unchanged from the same period in 2010. The leading producing States in July were Texas, California, Missouri, Michigan, and Pennsylvania, in descending order, and accounted for about 41% of the total production.... |
Zimbabwe: cement price hike short lived19 October 2011, Published under Cement NewsA temporary shortage of cement following a fault at the country’s largest cement factory gave some shopkeepers who had stocks the opportunity to raise cement prices and push the profit margin into the upper atmosphere. A 50kg bag that should sell for between US$12,50 and US$13 suddenly was on sale for well over US$20. Some of those stocks had even been bought from reputable dealers at normal prices, not to use but for resale.This made the shortage even worse. Many retailers sensibly organis... |
UK: "construction needed to stimulate economic growth," says CPA chairman19 October 2011, Published under Cement NewsAddressing an audience at the House of Commons this week, Bill Bolsover, the chairman of the Construction Products Association (CPA), identified the construction industry as a key driver of economic growth and suggested ways in which government should kick start the recovery. Bill Bolsover said: "The Government must stick to its spending plans, but rebalance the economy between current and capital spending. The Government’s own figures show current expenditure rising from GBP632bn this year... |
India: new lease of life for Hundung cement plant19 October 2011, Published under Cement NewsThe previously closed public sector enterprise Hundung Cement Factory will soon receive a new lease of life, as the State Government has agreed to lease it out to a private firm. A high-ranking official of Commerce and Industries Department informed The Sangai Express that Super Ores Factory, which is a partner of the Satyam Group of Industries, based in Assam, was given permission by the state government to re-establish the Hundung Cement Factory and operate it themselves. Along with lice... |
Colacem to build 3000tpd plant in Canada19 October 2011, Published under Cement NewsColacem Canada plans to invest nearly CAD225m (US$221m) in a 3000tpd cement plant along Highway 17, Champlain, Quebec. The new works will be located next to the quarry of Bertrand Construction, which joined Colacem Canada last January. The firm estimates that the new plant wouild create 128 direct jobs and 82 indirect jobs and employ 90 truck drivers. The construction phase would also employ nearly 200 staff. In terms of dust control, the plant would use a particulate filter as well as... |
Vietnam: Vicem posts loss of VND220bn in Jan-Sept19 October 2011, Published under Cement NewsThe state-run Vietnam Cement Industry Corporation (Vicem) posted a loss of VND220bn (US$10.63 m) in the first nine months of this year though its cement sales rose 6% from a year earlier to 13.7Mt. Soaring prices of input materials, including fuel (between 32% and 43%); power (15.28%); coal (88%) and interest rates (between 19% and 21.5%) were mainly attributed to the corporation’s loss. Between Jan and Sept, Vicem sold 12.9Mt of cement in the domestic market and shipped 991,000t to overse... |
Cemex fined after death of an employee, UK18 October 2011, Published under Cement NewsCemex’s cement factory in Rugby has been fined GBP200,000 after the death of an employee in an on-site explosion. Peter Reynolds, a 28-year-old dad, died at the Lawford Road plant in January 2008 when a powerful explosion forced him through the wall of the building and he fell 30ft to his death. The company was later charged under the Health and Safety at Work Act for failing to ensure the safety of employees, including Mr Reynolds. Cemex admitted the charge at a previous hearing on August... |