Cement News tagged under: international
Natal Portland Cement workers strike15 December 2010, Published under Cement NewsNatal Portland Cement (NPC) has gone on strike against the National Union of Mineworkers over a wage dispute, the union said on Tuesday. "The company approached the Commission for Conciliation, Mediation and Arbitration for the resolution of the wage dispute and has yesterday been awarded a certificate of non-resolution, paving the way for the company to strike against the workers," said union spokesman Lesiba Seshoka. He said this meant the company could lock them out, but would still hav... |
Cemex says never in talks with Murli Industries15 December 2010, Published under Cement NewsCemex said it was never in talks to acquire Murli Industries Ltd.’s cement plant in western India, a spokesman for the Mexican company said late Tuesday. "Cemex is not and has not been involved in this transaction," Jorge Pérez said in an email. Cemex was responding to a report in the DNA Money newspaper, which said that talks between the two companies had fallen through over valuations. Cemex remains focused on reducing its debt, the spokesman said, without elaborating. Calls to a senior... |
Suez Cement to shut 14 production lines in Cairo15 December 2010, Published under Cement NewsEgypt’s Suez Cement said on Tuesday it would shut down 14 production lines as part of an agreement with the government to relocate out of the capital to reduce pollution. Suez Cement, Egypt’s largest listed cement company and a unit of Italcementi , has agreed to shut 13 wet lines at its Helwan Cement and Torah Cement subsidiaries and a 1.1 million tonne-per-year dry line for clinker at Torah. In return, Suez will open a new line with an annual capacity of 2Mt of clinker at its plant 30km ... |
HC sets aside clearance to Mandi cement plant, India14 December 2010, Published under Cement NewsIn a major blow to the government’s move on mega cement plants, the Himachal Pradesh High Court on Monday quashed environmental clearance granted to a cement plant near Sundernagar in Mandi district. It also set aside the land acquisition proceedings under way at the site, which was approved by the then government in 2005. Local farmers were opposing the land acquisitions. Harish Cement India, a unit of Grasim Cements, was first approved in 1995 by the Congress government, but it could not... |
Cemex-Murli Industries talks may fall through14 December 2010, Published under Cement NewsCemex’s India entry plans have hit a roadblock again due to the higher valuation being sought by Murli Industries and the order of the Securities and Exchange Board of India (Sebi) on insider trading, according to two sources close to the development. Murli has an existing capacity of 3Mta at Chandrapur in Maharashtra and limestone reserves for the same, which it has been looking to sell off. It was in talks with Ambuja Cements and Italcementi for sale of the assets before Cemex entered the... |
US September shipment figures up 1%14 December 2010, Published under Cement NewsTotal shipments of Portland and blended cement in the United States and Puerto Rico for September 2010 were 6.8Mt This was only about one per cent higher than shipments in September 2009. Year-to-date shipments through September were 53.0 Mt, down by 3% from those of the same period in 2009. The leading producing States (Missouri, Texas, California, Michigan, and Pennsylvania, in descending order) shipped 40% of the September total. The leading consuming States (Texas, California, Illinois... |
Wannianqing Cement expects 2010 profit to double14 December 2010, Published under Cement NewsChinese producer, Jiangxi Wannianqing Cement, expects to record a 100-150 per cent YoY increase in its net profit for 2010 to between CNY132m (US$19m) and CNY165m, reports China Securities Journal, citing a company filing. Earnings per share (EPS) is expected to range from between CNY0.33 and CNY0.42. The company expects to generate a net profit of between CNY149m and CNY182m in the fourth quarter, an increase of between 229 per cent and 302 per cent YoY. For the first three quarters, the... |
India prices may rise INR5-1 but may not sustain13 December 2010, Published under Cement NewsCement prices in India are likely to rise by INR5-15 per 50 kg bag in north India as stockists and dealers warily test the waters, but analysts and some section of the trade believe conditions do not exist to support a firming up in prices. "We have heard that there will be a price hike soon, but there has been no official notification so far," a Delhi-based cement stockist said. A cement analyst with a domestic brokerage said the move to raise prices is "natural" and an attempt to re... |
Sri Lanka Cement Corporation sees turnaround13 December 2010, Published under Cement NewsThe Sri Lanka Cement Corporation (SLCC) has said it has recently seen an upturn in local sales as infrastructure drives improved demand. “During the last six months SLCC has seen a turnaround,” he said, adding that the cement consumption has increased as a result of ongoing infrastructure development projects including road network projects in the Northern and Southern Provinces in the country. “We even managed to settle a part of SLCC debt to the Bank of Ceylon (BOC),” Sisira Paranagama... |
Iran cement production exceeds 42Mt13 December 2010, Published under Cement NewsSome 42.4Mt of cement have been produced in the first eight months of the current Iranian calendar year (ended 21 November). The amount shows 18.6 per cent increase in comparison to previous years’ figure, the Mehr News Agency reported. During the mentioned period more than 39.8Mt of clinker was also produced, 19 per cent more than last year. |