Cement News tagged under: international
Martin Engineering India acquisition10 May 2011, Published under Cement NewsMartin Engineering, a global supplier of systems and services to improve the handling of bulk materials, has taken another step in its expansion into India with the acquisition of an Indian manufacturer of conveyor components and systems, Clean Cat Conveyors Pvt Ltd., of Goa. The acquisition of Clean Cat Conveyors follows closely on the heels of Martin Engineering’s announcement in February of the opening of a business unit, Martin Engineering Company India Pvt Ltd., in Pune, India. Mar... |
Lafarge Pakistan reports profit in 1Q11??09 May 2011, Published under Cement NewsLafarge Pakistan Cement Ltd. has reported a profit after tax of PKR13.847m (US$0.16m) as opposed to losses of PKR407.719m in same period last year. Its sales stood at PKR1.675bn against PKR1.639bn of Jan-March 2010. Its financial cost increased to PKR 213.525m from PKR175.984m last year. Maj. Gen. (R) Rehmat Khan, CEO of Lafarge Pakistan stated in the company’s first-quarter report that the company’s overall financial performance saw progress. Higher prices on the backdrop of a substant... |
East African cement makers call for tax review09 May 2011, Published under Cement NewsThe East Africa Community (EAC) governments should review the common external tariff on cement, which was reduced to 25% in 2008 as a temporary measure to curb the perceived short supply in the region, EAC cement producers have said. The manufacturers want the tariff to be reviewed back to 35% or US$50/t to level the playing field now that there is enough investment in production capacity. The EAC region produces 11Mt compared to a demand of 8Mt after the industry players invested over... |
Qatar National Cement chief rules out cement price hike09 May 2011, Published under Cement NewsQatar’s largest cement producer has ruled out the possibility of an increase in cement prices and said steps were being taken to ensure that the prices remain stable. Qatar National Cement Company (QNCC) said that if domestic demand increases substantially due to the launch of mega projects for the 2022 FIFA World Cup, it could expand its production capacity or even float a new company. “Our focus is on meeting local demand. We have no intentions or plans to export cement,” said Mohamed Al... |
Dalmia looking at M&As, India09 May 2011, Published under Cement NewsDalmia Cement (Bharat) Ltd (DCBL), second largest producer from the southern region, is evaluating options to buy out cement companies. DCBL had charted plans to launch a 10Mta capacity in 2008 through its wholly owned subsidiary, Dalmia Cement Ventures Ltd (DCVL), which never took off. It was looking at setting up plants in Himachal Pradesh, Meghalaya, Rajasthan and Madhya Pradesh, with investment of about INR4200 crore. It did not set proceed with these and is looking at a spread of new... |
Vasavadatta capex plans, India09 May 2011, Published under Cement NewsVasavadatta Cement, part of Kesoram Industries which is the flagship company of BK Birla group of companies, is planning an investment of INR1000 crore over a period of time for setting up new plants and capacity expansion at its existing facilities. The company has decided on its next phase of expansion in Gulbarga district in Karnataka and is awaiting the Karnataka government’s support for land allotment containing the environmental clearances as well. The proposed expansion would take t... |
Cementir plans to invest EUR60m in Turkey in three years09 May 2011, Published under Cement NewsItalian cement maker Cementir Holding plans to invest about EUR 60m in waste management in Turkey in the next three years, chairman Francesco Caltagirone Jr said at the shareholders meeting. The company has ongoing waste management projects in Turkey and expects profits from the country to reach about EUR16m per year in the next three years. Cementir’s shareholders approved the payment of a dividend of EUR 0.06 per share on 2010. The company will start the distribution of the payment on Ma... |
US February shipments up 7% YoY09 May 2011, Published under Cement NewsTotal shipments of Portland and blended cement in the United States and Puerto Rico for February 2011 were 3.6Mt. This was 7% higher than shipments in February 2010. The leading producing States were Texas, California, Florida, Missouri, and Alabama, in descending order. The leading consuming States (Texas, California, Florida, Louisiana, and North Carolina, in descending order) received about 46% of the February total shipments. Clinker production totaled 3.4Mt in February, about 4% below ... |
Lafarge, Anglo eye disposals to ease cement JV-report09 May 2011, Published under Cement NewsLafarge and Anglo American plan to sell GBP600m worth of assets to pay down debt and avoid anticompetitive action, the Financial Times said on Monday, citing people familiar with the talks. Assets to be put up for sale include cement plants, quarries and ready-mix concrete mills, the paper said. The two companies announced in February a construction materials joint venture with expected combined sales of GBP1.8bn. |
Zambia competition body approves new cement plants09 May 2011, Published under Cement NewsZambia’s competition body has approved plans by a Chinese company to set up two cement plants in the country, saying this will enhance competition in the sector, the Zambia Daily Mail reported on Friday. Recently, out-going Chinese Ambassador to Zambia Li Qiangmin announced that a Chinese company will soon establish cement plants in the eastern and northwestern provinces of Zambia at a total cost of US$500m. The Competition and Consumer Protection Commission (CCPC) said the establishment ... |