Cement News tagged under: international
RINL asked to explore cement plant options in Visakhapatnam, India30 March 2011, Published under Cement NewsUnion Minister of State for Steel (Independent Charge) Beni Prasad Verma, who reviewed the quarterly performance of Rashtriya Ispat Nigam Limited (RINL) has asked RINL to explore the possibility of setting up a slag cement plant at Visakhapatnam. |
Anhui Conch Cement 2010 net profit CNY6.16bn29 March 2011, Published under Cement NewsAnhui Conch Cement Co, China’s largest cement maker by output, said Monday its net profit rose 76% last year due to higher product prices and volume. The company said its net profit for the 12 months ended Dec. 31 was CNY6.16bn (US$938m), up from CNY3.51bn a year earlier. Revenue rose 38% to CNY34.51bn from CNY25.00bn. The company recommended a final dividend of CNY0.3, compared with CNY0.35 a year earlier. Domestic demand for cement grew last year because of China’s CNY4 trillion stimul... |
Readymix shares down 10 per cent as takeover talks end, Ireland29 March 2011, Published under Cement NewsShares in Readymix dropped 10 per cent yesterday after the cement maker confirmed that all talks with potential buyers have ended. The drop saw shares back to the lowest level since news of a takeover approach was first revealed back in October. In a statement Readymix confirmed that talks with a number of potential buyers have ended and no offer is likely to be received in the short term. "No firm and fully financed offer has been received and the board has been informed that no such off... |
Romania’s 2010 cement production drops 11%29 March 2011, Published under Cement NewsCement production in Romania fell by 11% last year to 6.92Mt, according to the Romanian association of cement producers, Cimrom, local daily Ziarul Financiar reported on Monday. Domestic cement sales fell by 12% to 6.85Mt, while exports rose threefold to 9800t, Ziarul Financiar reported. The negative trend was influenced by a stagnation in the constructions sector, a sharp fall in purchasing power and a slowdown in lending activity, the daily quoted Cirom’s director gjeneral Ion Crangasu a... |
Gresik withdraws US$73.5m loan, Indonesia29 March 2011, Published under Cement NewsIndonesian cement company PT Semen Gresik has withdrawn IDR660bn (US$73.5m) from a syndicated loan of IDR3.55trn loan to finance construction of new cement factories in Tuban, East Java, and Tonasa in South Sulawesi. Work is continuing in progress so the loan disbursement is needed, the company’s spokesman Agung Wiharto told the newspaper Investor Daily. The loan is provided by a bank syndicate including Bank Mandiri, Bank Rakyat Indonesia, Bank Jatim and Bank Sulawesi Selatan, Wiharto sai... |
Nova Cimangola opens new cement mill, Angola29 March 2011, Published under Cement NewsA new cement mill, with the capacity to produce 1.8Mta of cement, against the current 1.2Mt, was inaugurated Monday in Nova Cimangola, in Luanda. The project, estimated at US$21m, was funded by the company itself and will reduce imports into the country. The company is also planning to construct a 2Mta plant in the Cacuaco district, north of the capital, Luanda. The new facility is scheduled to be operational in 2013, stated Nova Cimangola cement factory executive director, Manuel Pacav... |
Cemex to supply largest hydropower project in Central America29 March 2011, Published under Cement NewsCemex announced today that it has been named the primary cement supplier for the first phase of Reventazón hydroelectric plant project in Costa Rica. The US$1.2bn plant will be the largest of its kind in Central America when the 311MW facility reaches completion in 2016. As the primary supplier, Cemex will provide 50,000t of cement for the first phase of this project. The Costa Rican Institute of Electricity, which is in charge of the plant’s construction, had several specific requirements... |
Cement production in Czech Republic slower decline in 201028 March 2011, Published under Cement NewsCement production in the Czech Republic kept falling last year, but at a slower rate than 2009. Production amounted to .3.3Mta, down eight per cent against 2009, according to data from the Association of Cement Producers. In 2009 cement production plunged by 23 per cent. Cement producers are still feeling the impact of the downturn in construction caused by the government’s austerity measures and weak demand from private companies. "Cement consumption has been and still is influenced by t... |
DG Khan Cement produces 2.2Mta of clinker28 March 2011, Published under Cement NewsPakistan cement producer, DG Khan plant has utilised its kiln capacity to the full and produced 2.2Mta of clinker, remaining operational for 347 days during financial year 2009/10, a statement said on Thursday. In recognition of this performance, the management board of FLSmidth, has given an award of outstanding achievement to the cement producer. Raza Mansha, Chief Executive DG Khan Cement, received the award from Danish ambassador and FLSmidth official. The award has been given on a glo... |
NNS Holding increases Lafarge stage to 14.06%28 March 2011, Published under Cement NewsNNS Holding, controlled by the Sawiris family, had raised its stake in Lafarge to 14.06%. At end-2010, the Egyptian shareholder had a 13.9% stake in the French group. In March, the investor bought Lafarge shares worth EUR19.5m. It particular, it acquired 469,047 shares on March 18, 21 and 22. |