Cement News tagged under: international
NRC commences cement haulage from Ewekoro to Ibadan, Nigeria30 September 2011, Published under Cement NewsThe Nigerian Railway Corporation (NRC) has commenced cement deliveries from Ewekoro, Ogun State to Ibadan, Oyo State for Lafarge Cement Company Plc. Presently, about 750t of cement are being transported per week in the resumption of freight haulage, according to the Director of Public Relations, David Ndakostu. He said “this is in addition to the 450t per week being moved by NRC from Ewekoro to Ijoko and Agege. It is believed that the movement of cement from Ewekoro to Ibadan by rail ... |
Indian Resources & Prism Cement coal contract30 September 2011, Published under Cement NewsIndia Resources has executed a contract with Prism Cement to develop and operate the first phase of Prism’s Sial Ghoghri coal deposits over 30 years. Once operational, the first phase of the Sial Ghoghri mine will produce 9.06Mt of coal with a total contract value of US$249m. |
Cemex plans to sell about US$1bn of non-core assets by 201230 September 2011, Published under Cement NewsCemex plans to sell about US$1bn of assets by the end of 2012 to reduce debt, CEO, Lorenzo Zambrano said. Businesses that don’t generate at least a 10 per cent return on capital over time will be sold, Zambrano said in a webcast of a meeting with analysts today in New York during Cemex Day. The company plans to sell US$180m of assets this year, he said. Cemex, which had US$17.8bn in debt at the end of the second quarter, will meet bank covenants for 2011 and 2012 without renegotiating ... |
Indonesian to complete coal acquisition by 201229 September 2011, Published under Cement NewsIndonesia’s largest cement producer PT Semen Gresik said it hopes to wrap up plans to acquire two coal mines in Riau and Kalimantan not later than next year. A company’s director Erizal Bakar, said due diligence of the two mines is still in process. He said the final deal on the take over of the mine in Riau is expected to be signed in the first half of 2012 to be followed with the signing of the deal on one in Kalimantan in the second half. The acquisition is to guarantee supply of coal ... |
Indonesian demand expected to rise 13%29 September 2011, Published under Cement NewsThe Indonesia’s Cement Association sees cement demand in 2011 is expected to reach 43Mt, up 13 per cent from last year’s sales of 40.6Mt, driven mostly by demand from infrastructure and property sectors, said the chairman Urip Trimuryono. Demand in the second half of this year is forecasted to reach 22Mt, down from the previous first half of 22.49Mt. |
Semen Gresik plans US$1bn bond sale next year29 September 2011, Published under Cement NewsSemen Gresik, Indonesia’s largest cement producer, may sell bonds next year to help finance its expansion plans, a company executive has said. The Gresik, East Java-based company plans to sell the equivalent of US$900m to US$1bn of bonds next year to pay for its expansion plans and coal mining acquisition, said its finance director, Ahyanizzaman. The bonds may be rupiah-denominated, he added, declining to elaborate on the terms. “We’re still considering whether to sell bonds in the domesti... |
Karl von Wedel receives lifetime achievement award, Germany29 September 2011, Published under Cement NewsAs part of the Technical and Scientific Meeting of German Cement Works Association (VDZ) in Düsseldorf, Dipl.-Ing Karl von Wedel was awarded the Klaus-Dyckerhoff Prize for outstanding achievements in the field of cement production. Von Wedel, founder of IKN, was commended by judges for his innovation in clinker cooler developments, and praised for his contribution to increasing energy efficiency in clinker production and linking economic and environmental benefits. Von Wedel was a gradua... |
Oman Cement secures OMR26m in modernisation loans28 September 2011, Published under Cement NewsOman Cement Co has obtained two loans totalling just over OMR25.77m from Bank Muscat as it aims to finance a number of modernisation projects and revamp its aging cement works. The first loan, in the amount of OMR14.45m, will finance the kiln upgrade project and improvements in pollution control, to be carried out by two Chinese companies. The second, OMR11.47m loan will pay off an existing loan of the same amount with Bank Sohar. A statement released to the Muscat Securities Market (MSM... |
Malawi’s new Njereze plant completes first phase28 September 2011, Published under Cement NewsCement Products Ltd (CPL) announced it has completed phase I of the US$50m cement plant at Njereze in the lakeshore district of Mangochi, Malawi. CEO Sjoerd Grueter said the facilities would, at current demand, save the economy US$30m annually on clinker imports, helping to counter the serious foreign exchange crunch that plagues the country. At present, Malawi imports most of its clinker from Zambia and Zimbabwe. “The plant can make up to 500tpd of OPC grade 42.5, special cement recomm... |
India’s R-Infra plans cement expansion28 September 2011, Published under Cement NewsADA Group company Infrastructure (RInfra) is currently setting up cement plants in Madhya Pradesh and Maharashtra and plans to expand its business to other parts of India. We plan to expand our cement business by setting up more manufacturing units in Uttar Pradesh, Rajasthan, Andhra Pradesh and Chhattisgarh," RInfra Chairman Anil Ambani told the shareholders at the company’s 82nd annual general meeting in Mumbai. Currently, RInfra is establishing two 5Mta cement plants in Mukutban in Mah... |