Cement News tagged under: international
AUCBM success in Ras Al Khaimah08 December 2010, Published under Cement NewsThe 16th international Arab Union conference and exhibition (AUCBM) is now well underway at the Ras Al Khaimah Conference and Exhibition Centre, UAE. With over 700 participants, some 50 technical presentations and a 150 stand exhibition stands, this event is seen as the leading event specifically tailored for the Arab cement and building materials sector, as well as attracting many specialists within the international equipment and service sectors. Gracing the official opening was the ru... |
Siam City Cement could double Cambodian output08 December 2010, Published under Cement NewsThailand’s Siam City Cement said on Wednesday it was looking at building a new plant in neighbouring Cambodia that could double its capacity there to 2Mt or more. Managing Director Philippe Arto said at a signing ceremony for a feasibility study to be conducted with Chip Mong Group, a local construction materials distributor, that it could add new capacity of between 1Mta and 1.5Mta. Chip Mong’s president, Leang Meng, told reporters that the investment would be worth US$200m. "We want to ... |
Saudi Arabia production up 6.7% in November08 December 2010, Published under Cement NewsCement production in Saudi Arabia increased an annual 6.7 per cent in November. November production was 3.36Mt compared with 3.15Mt a year earlier, according to industry data posted today on Yamamah Saudi Cement Co.’s website. Exports rose 15 per cent to 151,000t from 131,000t a year earlier. Saudi Arabia has 13 cement companies with an estimated capacity of 49Mta, according to a report from NCB Capital. |
China Shuangji Cement starts process to build 2Mta plant08 December 2010, Published under Cement NewsChina Shuangji Cement, Ltd announced today that it has begun the permit process to build a new 2Mta cement plant on Hainan Island to replace its existing Dongfang production line. China Shuangji’s new state-of-the-art cement factory will have an annual production capacity that is four times greater than its existing Dongfang cement plant, which has a capacity of 500,000tpa. In accordance with the beginning stage of the permit process, the company has removed the vertical kiln at its existin... |
Essroc reduces workforce by 10%, USA07 December 2010, Published under Cement NewsEssroc Cement in Nazareth laid off 19 production and maintenance workers – about 10 per cent of its workforce – due to a weak construction market, the company announced Monday. "We have a production curtailment due to economic conditions," company spokesman Marco Barbesta said. "We hope to get them back working at the end of February, but it all depends on business conditions." Essroc’s payroll is down to about 160 people after the layoffs, Barbesta said. |
Dangote may seek US$5bn in London share sale07 December 2010, Published under Cement NewsDangote Cement Plc is working with three banks to raise as much as US$5bn in a London share sale, Bloomberg quoted two sources as saying. Dangote will probably seek US$3bn-$5bn in a London sale of global depositary receipts, valuing the company at as much as US$20bn, said the people, who declined to be identified because the plans are private. Goldman Sachs Group Inc, JPMorgan Chase & Co. and Morgan Stanley are helping Dangote prepare the sale, slated for next year, the sources said. The... |
Lithuania: Akmene Cement’s Jan-Oct revenues up 21%07 December 2010, Published under Cement NewsAkmenes Cementas, Lithuania’s only cement manufacturer, said on Monday that its sales revenues for January through October rose by 21 per cent to LTL135.995m (EUR 39.4m), up from LTL112.516m a year ago. Cement sales increased by 40 per cent to 712,100t, Richardas Sudaris, the company’s public relations officer, told BNS. The plant’s production output also increased by 40 per cent, to 703,000t, thanks to rising exports. "As the Lithuanian market has contracted, we have increased exports," s... |
Possible Saudi Arabia line closures?07 December 2010, Published under Cement NewsSaudi Arabian cement companies may stop operating some production lines and start laying off workers, al-Youm reported, citing Eastern Province Cement Co. General Manager Zamil Al Muqrin. Production capacity is bigger than local demand as Saudi companies are banned from exporting, the newspaper said, citing Al Muqrin. One Saudi company has ceased operations on 10 out of 12 production lines and has laid off 550 workers, the newspaper added, without naming the company. |
Trinidad Cement reports third-quarter loss07 December 2010, Published under Cement NewsTrinidad Cement Ltd reported a loss of J$80.8m (US$0.95m) for the quarter ended September 30 and announced that it was seeking a restructuring of its debt. In the directors’ statement, TCL chairman Andy Bhajan and its chief executive, Rollin Bertrand described the results as “very disappointing but not unexpected. “Whilst our Trinidad businesses remained profitable notwithstanding lower demand levels, heavy losses were incurred by the Jamaican and Barbadian subsidiaries due to continued d... |
Full-year production rises, Poland07 December 2010, Published under Cement NewsThe Polish cement sector is likely to post a rise in production levels during 2010, making up for losses in 2009 and is heading towards a fast growth in production, according to Jan Deja, head of the Polish Cement Association (SPC). According to industry figures, after the 11 months of 2010 and December contracts, some 15.7-15.8Mt of cement is expected to have been produced in 2010, a rise of 1-1.6 per cent YoY. For 2011, its forecast assumes growth of 7-8 per cent, which would mean a re... |