Cement News tagged under: international
Sri Lanka dispute over imported cement standards09 August 2011, Published under Cement NewsThe Chairman of Sri Lanka’s state-owned National Cooperative Trust, Bandu Kuruppu says that the Sri Lanka Standards Institution (SLSI), which denied the Certificate of Sri Lanka Standard (SLs) to a stock of cement bags imported by the cooperatives, has issued a certificate to cement imported from the same company by the private sector. He said that a stock of 100,000 cement bags were imported to be sold through cooperatives at a lower price to assist the construction industry of the island... |
New president for Cementos Andino09 August 2011, Published under Cement NewsCrisanto Silva has been elected president of Cementos Andino, replacing Carlos Pacheco, who will occupy a position within the management structure of PDVSA East. |
India’s JK Lakshmi Cement drops Egyptian expansion plans08 August 2011, Published under Cement NewsNorth India-based J K Lakshmi Cement has dropped its plan of last year to acquire a cement company in Egypt. "We had been looking at capacities but we haven’t been able to find one so far. Also, international economic conditions are not conducive and it will not give us the returns as expected. So, we are not looking at that option any more,” said Shailendra Chouksey, director. “In India, the valuations local players are seeking is very high. It is cheaper to put up greenfield (new) ca... |
Public sector cuts finally start to bite, UK08 August 2011, Published under Cement NewsThe latest Construction Trade Survey published today, shows that the cuts to public spending, announced by the government last autumn, have finally started to impact on construction activity, confirming the fears the industry has warned about for some time. Whilst these latest indicators reflect the scale of government retrenchment in the public sector, anaemic economic growth, a beleaguered consumer sector and the continuing reluctance of financial institutions to increase their exposure t... |
Loma Negra investment plans, Argentina? ?08 August 2011, Published under Cement NewsArgentine cement maker Loma Negra – controlled by Brazil’s Grupo Camargo Correa – will invest US$404m in Argentina between 2012 and 2014, President of Argentina Cristina Fernandez said on Friday. Reuters reports that Camargo Correa officials met with Fernandez and presented an investment plan that includes a new cement plant. "They told me about investments ... for US$404m with a cement plant that will allow them to produce 900,000t more," Fernandez, who is seeking reelection in Octobe... |
Cementos Bío Bío in debt restructuring plan, Chile08 August 2011, Published under Cement NewsCementos Bío Bío (CBB) – the company controlled by the Briones family – is in full process of debt restructuring after it sold on 15 July last its ceramics businesses in the USA, Ecuador, Peru and Chile, which were under the wing of the CISA subsidiary (Cerámicas Industriales SA). The buyer was an Ecuadorian group with experience in the sector and negotiations were conducted through a company of Panamanian origin called Podolia. The operation did not include the subsidiary in Venezuela, Ve... |
Carib Cement gets 18-month moratorium under debt deal07 August 2011, Published under Cement NewsThe Trinidad Cement Limited (TCL) debt restructure deal will result in an 18-month debt moratorium for its Jamaican subsidiary Caribbean Cement Company, according to general manager Anthony Haynes in discussion with shareholders Thursday. The TCL debt ’re-profiling’ will take effect by the end of September and follows six months of negotiation by TCL, said Haynes at Caribbean Cement’s annual general meeting held in Kingston. "The debt re-profiling has given us an 18-month window to stabilis... |
Vicat’s strong performance in Turkey and India05 August 2011, Published under Cement NewsVicat’s first half turnover rose by 16.4% to €1,146.2m, which represents a 10.7% increase on a comparative basis. EBITDA advanced by 9.2% to €253.3, but the margin narrowed from 23.6% to 22.1%. The trading profit improved by 11.0% to €164.8m, while the pre-tax profit was up by 4.4% to €142.8m, but the net attributable profit declined by 3.9% to €90.9m in the light of a 96.3% increase in the tax charge to 24.1% as more income was derived from higher rate countries such as France and India a... |
Tamil Nadu state to modenrise Alangulam plant, India05 August 2011, Published under Cement NewsThe Tamil Nadu government has proposed to modernise the state-owned Tamil Nadu Cement’s Alangulam plant and increase its capacity as well as that of its Ariyalur plant. The state government had sanctioned Rs 115 crore to modernise the Alangulam unit in March 2010 to reduce green house gas emission and cut losses. Started in 1969, the Alangulam unit is the oldest state-owned cement plant in the country and the only one to follow the cost-intensive wet process for manufacturing cement at ... |
Plans for Titan to move one step forward, USA05 August 2011, Published under Cement NewsNorth Carolina will issue a public notice for the intent to issue a draft Air Quality permit for Titan Cement, according to Mike Giles, of the North Carolina Coastal Federation. Giles said this move will prompt the public hearing process which generally lasts 30 days. However, the Coastal Federation is asking the governor to extend that public comment period to 60 days, due to the controversy surrounding the plans for the factory. Titan America proposed to build a cement plant in Castle Ha... |