Cement News tagged under: international
Pakistan to invest in Tajikistan plant15 June 2011, Published under Cement NewsPakistan investors have expressed interest in investing in the cement sector in Tajikistan and initial talks have been concluded. The Baig Group will take advantage of cement demand in Tajikistan and will invest PKR2bn in setting up a plant with a capacity to produce 1Mt, according to reports from the Express Tribune. |
Madras Cements sees challenging outlook, India15 June 2011, Published under Cement NewsMadras Cement’s (MCL) management has recently said that demand in the south continues to decline, and the near-term outlook for the industry is challenging. IIFL Institutional Equities, a part of the IIFL Group, one of the leading players in the Indian financial services space, recommends strong ’Sell’ on Madras Cement (MCL). "In our recent meeting, Madras Cements’s (MCL) management said demand in the south continues to decline, and the near-term outlook for the industry is challenging," I... |
Vicat revolving credit line completed successfully15 June 2011, Published under Cement NewsThe Vicat Group today announced the signing of a revolving credit line amounting to EUR480m with a maturity of five years. This revolving credit line was established to fund general corporate purposes and to refinance an online multi-currency revolving credit facility of US$445m dated 20 July 2009. This line can lengthen the average maturity of the Group’s debt to 5.5 years and 6 years for Vicat SA. The Mandated Lead Arrangers and Bookrunners in this transaction are BNP Paribas, Credit A... |
LSR secures raw material deposits, Russia15 June 2011, Published under Cement NewsThe LSR Group has acquired raw materials deposits for cement production in the Central region of Russia. OOO Cement (a subsidiary of LSR Group) signed a contract to acquire OOO Kazinskoe kar’eroupravlenie. Through this acquisition LSR Group will obtain licenses for clay and limestone deposits in the Ryazan region with total estimated reserves of 240Mt. LSR Group will also obtain freehold rights for 273 hectares of land and leasehold rights for 18 hectares, the latter to be used for cement p... |
Lafarge commended at Marketing Society Awards, UK15 June 2011, Published under Cement NewsLafarge Cement has secured a top national accolade being ‘highly commended’ in the Marketing Society’s Awards for Excellence 2011. The endorsement recognises the market leading innovation that is Lafarge Cement’s plastic packed Mastercrete. The award was announced at a special black tie awards ceremony in London on 6 June. Lafarge Cement was in the running for the award with some of the biggest household brand names including Arla Foods (Anchor Butter), Britvic Soft Drinks, Capital One and... |
UK construction recession seen easing in 2H1114 June 2011, Published under Cement NewsTentative signs of a recovery in private sector work may ease the double-dip recession in the UK construction industry in the wake of severe government spending cuts at the end of 2010. "The underlying trend should brighten a little bit (in the second half)," Allan Wilen, economics director at construction industry analyst Glenigan, told Reuters. Construction output, which was one of the biggest drags on growth in the first three months of this year, fell by 13.8 per cent on the month ... |
Chia Hsin continues to invest in China14 June 2011, Published under Cement NewsChia Hsin Cement Corp has said his company will continue making investments to enjoy the fast-growth of the cement industry in China. Although suffering an operating loss of NT$40m in core business in the first quarter of this year, Chia Hsin still raked in investment gains of NT$500m in the same quarter because of its 16% stake in TCC International Holding Ltd, one of Taiwan Cement Corp’s subsidiaries, and earnings of NT$500m from disposal of the property of Taipei Grand Mosque. China Hsi... |
Japan producers to disperse coal purchase to avoid high prices14 June 2011, Published under Cement NewsTaiheiyo Cement Corp and other major Japanese cement makers are dispersing their coal purchases to hedge against the risk of buying when prices are high. Traditionally, cement companies have purchased a year’s worth of coal in April since price changes tended to be small. But with coal prices becoming volatile, cement makers are keeping a close eye on the market to gauge a favorable time to buy. They hope to keep costs in check this way because coal purchases account for at least half of t... |
Dangote test runs new Ibese plant, Nigeria14 June 2011, Published under Cement NewsDangote Cement Plc has begun the test run of its 6Mta cement plant at Ibese, near the Polytechnic town of Ilaro in Ogun State, preparatory to the commencement of cement production in August. The plant is said to have reached 80 per cent completion. These facts were disclosed by the Deputy Director, Sinoma International Engineering, the Chinese construction firm handling the project, Dr. Ved Prakash Sarkari and a Manger in the Projects department, Engr Bolu Aladeniyi. Dr Sarkari stated that ... |
State holds off selling shares in East African Portland Cement14 June 2011, Published under Cement NewsThe Kenyan government’s drive to sell a number of institutions in which it owns huge stakes seems to have slowed despite the financial needs it faces to finance the 2011/12 Budget. Finance minister Uhuru Kenyatta did not bring up the issue of privatising State assets in his Budget statement last Wednesday and instead alluded to the commercialisation of State activities. Yet through the sale of its assets, the government has previously raised much-needed revenue to plug its Budget deficits.... |