Cement News tagged under: international
Iraq: Karbala cuts electric power to Lafarge cement plant30 June 2011, Published under Cement NewsThe council of Iraq’s Karbala province decided on Monday to cut the electric power supplied to the Karbala Cement plant, run by Lafarge, saying that the company "must get its power by itself and to achieve a production capacity of 3Mta," the chairman of the council’s economic committee said. "Due to the drop in the electric power, supplied for Karbala province, the province’s council has decided to cut the power, supplied to the Karbala Cement plant and transform the power for its citizens,... |
Messebo factory expansion inaugurated, Ethiopia29 June 2011, Published under Cement NewsMessebo Cement Factory’s expansion project was inaugurated on 25 June 2011 in the presence of Ethiopia Prime Minister Meles Zenawi. During his address, Mr Zenawi noted that the new capacity would play a key role in addressing a cement shortage in the country. General Manager of Messebo Cement Factory, Hatsey Berhe, said the expansion project alone would enable the factory to produce 3,000tpd of cement and 1.3Mta. The expansion project was undertaken by a Chinese company named... |
Mbeya Cement Company safety improvements, Tanzania29 June 2011, Published under Cement NewsSafety in the work place is a priority that has assisted Mbeya Cement Company in maintaining its lead in the local market, the company’s General Manager Mbuvi Ngunze has said. Mr Ngunze was speaking in Dar es Salaam over the weekend during the climax of a month-long safety focused activities which were introduced by its holding conglomerate Lafarge based in Paris, France. He said that last year, the company had a single fatal accident which involved its truck shipping coal from Malawi to it... |
Egypt’s South Valley Cement Q1 net falls 76%29 June 2011, Published under Cement NewsEgypt’s South Valley Cement first-quarter net profit fell 76 per cent to EGP9.7m (US$1.63m), the stock exchange said on Tuesday. The firm’s net profit for the same three-month period a year earlier was EGP40.7m, according to the statement, which gave no further details. South Valley Cement had posted a 66 per cent decline in its full-year 2010 net profit. South Valley Cement also announced that its cement plant will be fully operational within the coming three weeks. In addition, Arab Swi... |
Gresik to pay out 50% of 2010 net profits as dividends29 June 2011, Published under Cement NewsIndonesian state-owned cement producer PT Semen Gresik Tbk has announced it would distribute 50% from the net profit of IDR3.63trn earned last year as dividends to company shareholders. President Director Dwi Soetjipto of PT Semen Gresik yesterday said this would work out to IDR1.82trn or IDR306/piece. He added the dividends announced include interim dividends of IDR344bn that have already been disbursed among company shareholders. The director further informed that IDR1.68trn from last yea... |
Cemex celebrates 100th anniversary of Castillejo plant, Spain29 June 2011, Published under Cement NewsOver 700 people attended an event organised by Cemex to celebrate the centennial of its Castillejo cement plant in Toledo, Spain. Employees, retirees, children, grandparents, Cemex management, local government representatives, and current and former members of the local community around the plant were all on hand to celebrate this very special occasion. “I want to say that our number one priority as a company is our employees. Without them we would not be here celebrating this occasion. Not... |
Ciments Francais to sell stake in Turkish Afyon29 June 2011, Published under Cement NewsCiments Francais said on Tuesday it would sell its 76.5% stake in Turkish Afyon Cimento Sanayi TAS. The French company, which is a subsidiary of Italy’s Italcementi has hired Mediobanca to advise it on the possible sale of the shareholding in Afyon Cimento. In February, Ciments Francais announced the divestment of Turkish Set Group Holding to diversified Turkish group Limak Holding. The move marked its partial withdrawal from the Turkish market. |
Pakistan cement exports decline29 June 2011, Published under Cement NewsPakistan exported 861,500t of cement and earned US$40.440m in May 2011 compared to 933,709t at US$39.798m in April 2011. This reflects a decline of 7.73 per cent in terms of quantity but an increase of 1.61 per cent in dollar value terms on a month-on-month basis, according to data released by Federal Bureau of Statistics. Figures were also down compared to May 2010 (934.130t at US$43.93m) which represents a fall of 7.78 per cent and 6.37 per cent in terms of quantity and dollar value YoY,... |
May cement shipments strengthen28 June 2011, Published under Cement NewsGrowth in cement shipments in the countries that Jefferies International track strengthened in May. In the larger markets, there were particularly sizeable increases in France (+24.7%), Germany (+23.5%), Poland (+35.8%), Brazil (+10.8%) and Indonesia (+19.5%). Data on cement demand in May is currently available for 14 of the 20 countries tracked. It increased in May in 9 of the 14 countries, with the rate of growth accelerating in many markets. The higher rates of growth in May 2011 at lea... |
Government rescinds order for plants to use petcoke - Ethiopia28 June 2011, Published under Cement NewsThe Ethiopian government has rescinded its instruction to cement factories to start using petcoke. As an alternative source of energy, all cement factories were instructed by the Ministry of Industry (MoI) five months ago to start using petcoke by June 7, 2011, to reduce foreign currency spending on heavy fuel oil (HFO). However, the Ethiopian Petroleum Enterprise (EPE) has since determined that the petcoke it had planned to import from abroad could not be obtained. “No breakthrough has b... |