Cement News tagged under: international
Citadel chairman cleared of corruption charges, Egypt09 June 2011, Published under Cement NewsCitadel Capital chairman Ahmed Heikal returned to Cairo on Sunday after he was cleared of charges relating to a suspicious deal in the privatization of the Helwan Portland Cement Company. According to the allegations, former prime minister Atef Ebeid was accused of selling the company at a much-reduced price, allowing Heikal to re-sell it for a significant profit. However, Citadel Capital was able to satisfy prosecutors that neither the company not its chairman were involved in the deal. ... |
Dangote to begin Zambia plant construction next month09 June 2011, Published under Cement NewsThe construction of Dangote cement plant in Masaiti District will commence next month, Zambia Development Agency (ZDA) out-going director of investment promotion and privatisation Muhabi Lungu has said. Mr Lungu said Dangote had since identified the contractor who would be moving on site next month. The cement plant, which is expected to be constructed within a period of three years on the Copperbelt, was among the largest investments that the company was making outside mining. Dangote Cem... |
Customs detain cement shipments, Angola09 June 2011, Published under Cement NewsDozens of trucks with cement from Ponta Negra (Congo Brazzaville), for the construction and reconstruction underway in Cabinda city, Angola, have been stranded on the border of Massabi since last weekend due to a new customs procedure. The situation that has led to a reduction of stocks in the city of Cabinda and the consequent rise in the price of cement |
Cement sales falter in May due to weak demand, India08 June 2011, Published under Cement NewsSlowdown in infra projects in five states due to polls added to sluggishness Cement sales continued its downtrend in May with most of the leading cement manufacturers including ACC, Ambuja Cement and UltraTech Cement, which have pan India presence, reporting a sharp decline as demand from the infrastructure and real estate sector faltered. However, ACC registered a 14 per cent increase in sales largely due to lower base in the comparative period last year. Its production jumped 10 per cent.... |
Lafarge planning new Indonesian plant?08 June 2011, Published under Cement NewsLafarge plans to build a cement factory in Java, industry minister MS Hidayat said yesterday. Hidayat said Lafarge wants to build a cement factory with a capacity and investment more or less the same as its cement factory in Aceh. Lafarge already has a new cement factory PT Semen Andalas Indonesia operating in Aceh built with an annual production capacity of 1.6Mt and investment of around US$300m. Andalas was built to replace its old factory destroyed by tsunami several years back in the ... |
Ignacio Madridejos elected President of CEMBUREAU08 June 2011, Published under Cement NewsIgnacio Madridejos has been elected as President of CEMBUREAU for a two-year term at the Association’s General Assembly held today (7 June 2011) in Brussels (Belgium) after having completed his mandate of Vice-President over the last year. He takes over from Mr Jean-Paul Méric (France) Ignacio Madridejos is a member of the Executive Committee of Cemex, the global building materials company. Mr Madridejos is responsible for the company’s Northern Europe Region as well as for Energy and Sust... |
Lafarge’s workers protest closures, France08 June 2011, Published under Cement NewsWorkers of Lafarge staged a strike yesterday, blocking 10 cement producing plants and four grinding facilities in France. The strike continues today. The staff protests against the announced closure of Lafarge’s plant in Frangey, northern France, scheduled for the end of 2012. Lafarge’s management noted that the plant was working at 60% of its capacity and that it will implement all necessary measure to find alternative solutions for the site’s 74 workers. Workers also disagree with the g... |
Recent order for Gebr Pfeiffer, India08 June 2011, Published under Cement NewsRevati Cement Pvt. Ltd. headquartered in Indore has opted to equip its new works, which will be set up in Taluga Raghuraj, Sadna District of Madhya Pradesh state, with grinding plants from Gebr. Pfeiffer, Germany. The kiln of the works with a capacity of 2.5Mta will be fed with 560tph of raw meal ground to a fineness of 12% R90µm. The kiln will be fired with pulverised coal which will also have a fineness of 12% R90µm. This deal will see Gebr Pfeiffer supply an MPS 5600 B roller mill with ... |
Tonasa fire not to affect government production target, Indonesia08 June 2011, Published under Cement NewsA recent fire at the PT Semen Tonasa IV plant in Bungoro, Pangkep regency, South Sulawesi, will not affect the government’s production target this year, an industry group said. Indonesian Cement Association (ASI) chairman Urip Timuryono said in Jakarta on Tuesday that the fire, which halted production at the company’s fourth plant for 10 days, caused a production loss of about 40,000t. “But the decline in production during the recovery work could be offset by boosting production levels a... |
Saudi Fund committed US$2.6bn loans to cement industry in 201008 June 2011, Published under Cement NewsThe Ministry of Finance in the Kingdom of Saudi Arabia reported that the Saudi Investment Development Fund (SIDF) committed loans amounting to SAR9695m (US$2584m) to the cement industry in 2010, equivalent to 11% of total loans approved and amounting to the same value of loans committed in 2009. This ranks the cement industry in fourth place according to amount of loans committed, following the chemical, engineering and consumer product industries. During 2010 fiscal, the SIDF did not ap... |