Cement News tagged under: international
New plant for Azerbaijan to be signed25 February 2011, Published under Cement NewsThe contract for the construction of a new cement plant by Ghizildash Cement is set to be signed in Baku between Azerbaijan’s Norm Ltd and a Chinese company in a matter of days, Azer Press reported. Construction of the new cement plant is expected be started in late April and completed in May 2012. It is slated to have a cement capacity of 2Mta. |
Siam Cement’s net soars 54%, Thailand24 February 2011, Published under Cement NewsSiam Cement’s consolidated net profit jumped 54 per cent to THB37.38bn (US$1.2bn) last year mainly on higher earnings from its chemical and paper businesses and its investments. SCC’s paper business posted an 80 per cent surge in net profit, while the chemical business’ net increased 53 per cent. Its investment operation enjoyed a 57 per cent rise in net profit. SCC’s earnings before interest, tax, depreciation and amortisation (EBITDA) declined two per cent to THB46.95bn last year because... |
Illinois cement recalls workers, USA24 February 2011, Published under Cement NewsIllinois Cement has called back the 96 employees laid off in January. “We’re calling everybody back, beginning tomorrow,” company president Wayne Emmer said Monday afternoon. Employees who had been laid off Jan. 8 received calls beginning around Feb. 14 that they would be needed this week at the plant. “We won’t be starting the kiln until approximately the second week of March… It’s not the kind of system where you can just push a button to start it,” Emmer said. |
Secil workers strike on wage protest, Portugal24 February 2011, Published under Cement NewsWorkers at Portuguese cement producer Secil’s Setabul plant have taken strike action as wage increases have been denied by management. The strike began at 8pm and extended until the same time on Wednesday. |
China’s rising housing construction to help drive demand24 February 2011, Published under Cement NewsA new wave of government housing projects in China this year will likely boost the demand for cement, helping to absorb the country’s additional capacities. Further, major upcoming construction projects in Sri Lanka, Russia and CIS may signal a return to growth for cement markets in these regions, a press release on 13th Asia Cementrade--scheduled on 31 March to 1 April 2011 in Shanghai--said. The event is designed specifically to provide insights into how Asia’s cement sector is expe... |
GCC expects US93m compensation for Fancesa24 February 2011, Published under Cement NewsMexican group Grupo Cementos de Chihuahua, partner of the Bolivian company Soboce, announced yesterday that it expected a compensation of $ 93 million for its shares in the Fabrica Nacional de Cemento SA (Fancesa) expropriated by the government in favour of the governor of Chuquisaca in September last year. Planning manager of Grupo Cementos de Chihuahua, Jaime Fernandez, said the amount was defined by the Chilean firm Celfin Capital, hired to be "an independent opinion of value" of shar... |
Binani Cement set to delist, India24 February 2011, Published under Cement NewsBinani Cement, part of the Braj Binani group, is set to delist from Indian bourses, as a culmination of its share buy-offer to shareholders in this regard. The promoters have agreed to accept all the shares tendered at or below the discovered price as defined in the rules, which will take their shareholding above 90 per cent. In October 2010, Binani Cement’s board had decided to voluntary delist its shares from Indian bourses, later approved by the company’s shareholders through a postal ba... |
Housing boost for Indonesian producers24 February 2011, Published under Cement NewsAccording to local news sources, the Indonesian President Susilo Bambang Yudhoyono has suggested that the construction of millions of very cheapest housing for the poorest and poor people in the country has to be a priority, which if enacted would provide a substantial boost for local cement producers, one estimate suggesting a 2-3Mt annual sales boost, without factoring-in related infrastucture developments. "We can build several million homes with the very cheapest prices within one year ... |
FLSmidth to use Intergraph® SmartPlant® Enterprise Solutions23 February 2011, Published under Cement NewsFLSmidth has selected Intergraph® SmartPlant® Enterprise to design cement and mineral processing facilities, in order to improve processes control and increase efficiency. This multiyear agreement, signed in Denmark, comprises a suite of high-end solutions, including among others SmartPlant 3D Materials Handling Edition, SmartPlant Foundation and SmartPlant P&ID. This will allow FLSmidth to better integrate work processes, as well as engineering disciplines, and to standardize project phases... |
India cement prices to increase in western region23 February 2011, Published under Cement NewsCement companies in the Western part of India are reportedly said to hike the prices by INR7-10/50kg bag due to an increase in demand. According to reports, UltraTech, Ambuja, ACC, Binani and India Cements are among the few companies who have hinted about the proposed hike in prices of cement. |