Cement News tagged under: international
Karbala cuts electric power of Lafarge plant, Iraq28 June 2011, Published under Cement NewsIraq’s Karbala Province’s Council has decided on Monday to cut the electric power, supplied to its cement plant run by Lafarge, stating it “must get its power by itself and to achieve an annual production capacity of 30Mt” 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,” Tareq Gatifa... |
UltraTech Cement plans grinding unit in Tuticorin, India28 June 2011, Published under Cement NewsUltraTech Cement, part of Aditya Birla group, plans to set up a cement grinding unit in Tuticorin in southern Tamil Nadu. "We are at an exploratory stage for the grinding unit," OP Puranmalka, Group Executive President, cement business, Aditya Birla group said. |
Vinsri buys 5.43% stake in Bheema Cement, India28 June 2011, Published under Cement NewsVinsri Cement Industries Private Ltd has acquired 5.43 per cent stake in Bheema Cements Ltd. The promoters of the Hyderabad-based company, Mr SRB Ramesh and Mr S Kishore, had transferred 14,37,352 shares to Vinsri Cement on June 15. “After this transaction, the promoters’ shareholding has come down from 71.93 per cent to 66.50 per cent,” Mr KAN Subba Rao, Company Secretary, Bheema Cement, said. The company’s unit is likely to be built in Meltattapparai in Tuticorin district. |
Torah Cement to transfer unutilised line, Egypt28 June 2011, Published under Cement NewsTorah Cement is preparing to transfer its unutilised production line to its plants in Katameya. Moreover, plans are undertaken for improving the company’s distribution and logistics activities. |
Holcim Seeks Expressions Of Interest, New Zealand28 June 2011, Published under Cement NewsA further progress step in the decision making process on the proposed Weston cement plant has prompted Holcim New Zealand to outline to the market what would be required if the project goes ahead. At its May meeting the Executive Committee of parent company Holcim Ltd recommended that the proposal go forward to its Board for a decision. Holcim New Zealand is hoping the Board will consider the proposal this year. "While we are yet to receive approval from the Holcim Ltd Board to proceed wi... |
FAS considers application of EBRD for acquisition of share in Lafarge Vostok28 June 2011, Published under Cement NewsThe Federal Antimonopoly Service (FAS Russia) considered an application of the EBRD for the acquisition of rights to exercise a dominant influence of the entrepreneurial activity of OJSC LafargeCement acquiring 6% of voting shares of Lafarge Vostok, and decided that this transaction does not fall within the Competition Law and does not require the antimonopoly body’s prior approval. |
Hail Cement gains approval to list in September28 June 2011, Published under Cement NewsSaudi Arabia’s financial regulator has approved the initial public offering of Hail Cement this September, which will make the company the 10th listed supplier of the material in the kingdom. The Capital Markets Authority yesterday gave the go-ahead for the Jubail-based material supplier to issue 48.59m shares, or 50% of the company, at an initial offer rate of SAR 10 per share. The total offer value will be SAR 485.9m and the total equity value of the shares on free-float SAR 979m. The i... |
Birla to increase capacity to 9.3Mt28 June 2011, Published under Cement NewsBirla Corporation Ltd., the flagship company of the MP Birla Group, said it was poised to increase its cement production capacity to 9.3Mt, after the completion of its expansion programmes, including the 1.2Mt proposed capacity increase at Chanderia in Rajasthan and the 0.60Mt proposed increase in Durgapur in West Bengal. At the 91st AGM of the company held in Kolkata Monday, the company said it had applied to the Union Ministry of Environment and Forests at New Delhi for further increase ... |
Gujarat limestone supply deals to be signed, India27 June 2011, Published under Cement NewsState-promoted mineral major Gujarat Mineral Development Corporation (GMDC) has cleared the way for limestone supply to some of the cement projects signed during the Vibrant Gujarat Summit. Companies like Anil Ambani Group’s Reliance Cementation, ACC and Adani are likely to sign long-term supply agreements with GMDC soon, sources close to the development said. GMDC has allocated close to 10Mt of limestone reserves for four cement manufacturing projects. "We had received expressions of int... |
Beni Suef begins mill operations, awaits license27 June 2011, Published under Cement NewsMisr Beni Suef has started the operations of the two mills related to its second production line this week which has with a production clinker capacity of 5000tpd. However, the company has submitted a petition against Industrial Development Authority (IDA), because it has still not issued the final license for the company’s second production line. |