Cement News tagged under: international
Taiheiyo Cement asks rivals for help in meeting demand18 April 2011, Published under Cement NewsTaiheiyo Cement Corp, the country’s largest cement manufacturer, has approached Ube-Mitsubishi Cement Corp and Sumitomo Osaka Cement Co to assist in filling orders for low-heat cement after its main plant in Iwate Prefecture was damaged by the March 11 earthquake and tsunami. Low-heat cement is used in building bridge footings, dams and oil tank foundations. Until the disaster, Taiheiyo Cement was producing 80,000 tons of the material annually at a plant in Ofunato, its only one dedicated t... |
Bolivia judge freezes assets of cement maker Soboce18 April 2011, Published under Cement NewsA judge in Bolivia ordered a freeze on assets held by the Andean country’s top cement maker, Sociedad Boliviana de Cementos (Soboce), the company said on Friday. Soboce is 53 per cent owned by a local group controlled by Samuel Doria Medina, a political rival of President Evo Morales. Mexican cement maker Grupo Cementos de Chihuahua (CGC) holds a 47 percent stake in Soboce. Company officials said the judicial order could jeopardize new investments. "We’re taking all measures to continue ... |
Citadel makes its case known, Egypt18 April 2011, Published under Cement NewsCitadel Capital, an Egyptian private equity company, denies a charge it bought a cement maker from the government at an under-valued price. In repeated statements to the press in recent days, the company said it bought Helwan Portland Cement from private owners, not the government, contradicting reports that a claim was filed with the country’s public prosecutor on those grounds. But the statements did little to keep the army of sellers at bay as the company’s shares headed to their lowest... |
Bids for limestone mining ’under consideration’, Saudi Arabia17 April 2011, Published under Cement NewsSaudi Arabia’s Ministry of Petroleum and Mineral Resources is completing procedures for accepting bids on seven licenses to exploit limestone for the production of cement, Petroleum and Mineral Resources Undersecretary Sultan bin Jamal Shawli told Arab News. He said five of these licenses would be for the production of Portland cement while the remaining two will be for the white cement. Shawli said qualified bidders must submit to a number of conditions, such as abiding by Saudization qu... |
Tangshan Jidong Cement sees profit up 40.88% last year15 April 2011, Published under Cement NewsTangshan Jidong Cement Co Ltd, based in Tangshan, Hebei Province, announced that its net profit attributable to shareholders reached around CNY1.4bn in 2010, up 40.88% YoY. Operating revenue surged 58.29% YoY to CNY11.06bn. Earnings per share were CNY1.15, up 40.95% from a year earlier. The company sold a total of 56.81Mt of cement and clinker in 2010, reflecting a YoY increase of 49%. However, Tangshan Jidong Cement estimated that it will suffer a net loss between CNY9m and CNY13.5m in th... |
Russia’s Sibirsky Cement sales up 36.5%15 April 2011, Published under Cement NewsRussian holding Sibirsky Cement sold 502,645t of cement in January-March, up 36.5% YoY, the company said Thursday. The company produced 507,395t of cement in the January-March period. Sibirsky Cement cement is based in the Kemerovo Region. The holding includes five cement plants in the Siberian Federal District. |
Philippine cement demand falls 6.7% in first-quarter 201115 April 2011, Published under Cement NewsCement sales in the Philippines dropped 6.7 per cent in the first quarter of the year after huge election spending fuelled an usually high growth in cement sales in the same period in 2010. Cement Manufacturers Association of the Philippines president Ernesto M. Ordoñez told reporters that sales dropped to 3.8Mt in the January-March period this year from 4.076Mt in the same period in 2010. Total sales in 2010 stood at 15.5Mt. Ordoñez explained that election spending in May 2010 has fuelled... |
Boral in €126m expansion in Queensland15 April 2011, Published under Cement NewsBoral has agreed to acquire certain of Wagners’ construction materials interests in Queensland for AUD$173m (€126m), subject to official approval. The business to be acquired last year produced an EBITDA of Aus$17m (€12.4m) on a turnover of Aus$115m (€83.8m). Family-controlled Wagners will retain the Wagners name and continue to operate construction and mining services, where it will remain one of the leaders in Queensland. The Wagners cement grinding grinding plant at Pinkenba will not form... |
First shipment of Carib cement goes to Dominican Republic15 April 2011, Published under Cement NewsCaribbean Cement Company Limited (CCC), in a move to expand to markets in the region, has shipped its first batch of 2500t of cement to the Dominican Republic and later signed an agreement to set up warehouse space and a distribution and packaging unit in Haiti to take advantage of the rebuilding of the country following the January 2010 earthquake in that nation. It is seeking to consolidate its position in Haiti to which it had already been exporting cement since 2008. Anthony Haynes, CCC... |
India: double-digit growth forecast for next fiscal - report15 April 2011, Published under Cement NewsIndian cement demand is expected to report double-digit growth from next fiscal with demand outstripping even the 57Mt capacity addition expected by FY14, says an industry report by Ernst & Young India. The is on course to a double-digit growth path, it says. "From FY13, the domestic demand is expected to exceed supply... From FY12 through FY14, the domestic cement industry will add at least 54Mt new capacity," says Ernst & Young India partner Nitin Gupta in a report titled ’Cementing... |