Cement News tagged under: international
India’s ACC to consider merging three units21 January 2011, Published under Cement NewsIndia’s second-largest cement maker by capacity, Friday said its board will meet on February 3 to consider merging three subsidiaries with company. The subsidiaries are Encore Cement And Additives Pvt Ltd, Lucky Minmat Ltd. and National Limestone Company Pvt. Ltd. ACC, 46-per cent owned by Holcim, will also report earnings on the same day. |
Vietnam cement sales seen up 10%21 January 2011, Published under Cement NewsCement consumption in Vietnam is expected to increase by nine to 10 per cent to 56Mt this year, according to the Ministry of Industry and Trade. During the year, about 12 new cement plants will come into operation with a total estimated yield of 10.18Mt. Nguyen Van Diep, an official of the Viet Nam Cement Association, said the new operations would lift total cement production to more than 60Mt, providing 4Mt for export. As for prices, Diep said that they would remain the same until Tet (L... |
Developed & emerging markets 2010 – a mixed performance21 January 2011, Published under Cement NewsLatest industry data for full-year 2010 show that demand in the mature market of Spain is still struggling to show signs of an improvement, but favorable trends continue in the emerging markets of Brazil and Argentina. Figures released by Oficemen, the Spanish cement manufacturers’ association, show that the local market closed 2010 with a total consumption of 24.5Mt, representing a 15% decline on 2009 (28.9Mt). Cement production last year was down by almost 12% to 26Mt and clinker manufa... |
India’s Supreme Court directs flyash supply20 January 2011, Published under Cement NewsIndia’s Supreme Court on Monday directed the Andhra Pradesh Power Generation Corporation (APPGC) to supply fly ash to cement firms Zuari Cement and India Cement at INR250/t (US$5.48). Allowing the appeal of cement firms, a bench comprising Justices RV Raveendran and AK Patnaik asked the producers to pay APPGC INR250/t till the dispute over pricing among them is decided by the High Court of Andhra Pradesh. Meanwhile, the Apex Court also made clear that the INR250 fixed by it would be subjec... |
Azerbaijan cement production down20 January 2011, Published under Cement NewsIn 2010 Azerbaijan produced 1.278Mt, down 0.6 per cent from 2009 when it reached 1.28Mt. However, 2009’s figure was 19.7% per cent down on 2008. |
Watchdog analyses acquisition of Lafarge Betoes by Secil20 January 2011, Published under Cement NewsPortugal’s competition watchdog Autoridade da Concorrencia (AdC) has started analysing the deal of the acquisition of concrete firm Lafarge Betoes by Portuguese lime and cement producer Secil. Secil signed an agreement for the acquisition of 100% in Lafarge Betoes for EUR65m (US$87.5m) at the end of December 2010. The deal was announced by Secil’s parent group Semapa. Lafarge Betoes operates in the concrete and aggregates segment, holding 30 concrete plants and four aggregates facilities. |
Cement sector to benefit from Iraq rebuild20 January 2011, Published under Cement NewsDemand for building materials in Iraq will increase as the country begins to rebuild infrastructure. Almost everything in Iraq needs to be rebuilt, including new oil infrastructure, utilities and social projects such as hospitals, houses and schools. Increasing the production of the basic building materials needed for construction is vitally important. It is essential Iraq does not forget that the domestic cement and steel manufacturing sectors need to be built up so they are in a position ... |
Bestway inaugurates waste heat recovery plant, Pakistan20 January 2011, Published under Cement NewsBestway Cement Limited, the second largest cement producer in Pakistan, recently inaugurated its state-of-the-art 15MW waste hat recovery power plant located at its Chakwal site. Speaking at a ceremony held to mark the occasion, the Group Chief Executive Mr. Zameer Chaudhry remarked that this was yet another milestone in a long series of achievements by Bestway since its entry in Pakistan. Investment of more than PKR2.5bn to set up the plant in difficult economic times demonstrated Bestway... |
Binani Industries to delist Binani Cement20 January 2011, Published under Cement NewsBinani Industries Ltd will delist its flagship company Binani Cement Ltd from the bourses to consolidate its shareholding, the Braj Binani Group company said in a notification in The Financial Express newspaper today. The floor price for the delisting has been set at 82 rupees a share. The company will invite offers for sale of shares between Feb 7 and Feb 11. It will determine the delisting price of the share from these offers. Currently, Binani Industries owns 69.9% stake i... |
Athi River looks to south Sudan20 January 2011, Published under Cement NewsAthi River Mining said it is looking to establish a market in an independent south Sudan if it splits from the north, which it expects could grow significantly faster than the rest of east Africa. East African nations could reap trade and investment opportunities worth billions of dollars if south Sudan, which needs building almost from scratch, splits from the north as expected following a secession referendum this month. "We are looking at establishing a market share in south Sudan by in... |