Cement News tagged under: international
Indonesia production projected to reach 54Mt by 201403 November 2010, Published under Cement NewsIndonesian cement production is projected to reach 54Mt by 2014, thanks to the expansion of some producers that are scheduled to fully operate in the next two years. Chairperson of the Indonesian Cement Association (ASI) Urip Trimuryono revealed in the next four years the entire cement production was estimated to be absorbed by the domestic market. He added cement would only be exported if there was unabsorbed cement left. "We want the entire cement production to be absorbed by the local m... |
Lafarge safety effort helps works scoop award, UK03 November 2010, Published under Cement NewsLafarge Cement’s Aberthaw Works has received a national safety award. The cement plant was chosen to receive a Certificate of Merit in the Engineering Initiatives category of the Mineral Products Association’s annual Health and Safety Awards. The awards gave recognition to an initiative which improves the safety for those working in the pre-heater tower, where raw materials are heated before entering the cement kiln. |
Taiwan Cement’s net earnings hit 3-year high03 November 2010, Published under Cement NewsBuoyed by contributions from invested firms as Taiwan Prosperity Chemical Corp. and Hoping Power Company, Taiwan Cement Corp., Taiwan’s leading producer of cement, scored NT$5.395bn in after-tax earnings in the first three quarters, up 10.7% YoY for the highest record in three years. With a promising cement market in China, Taiwan Cement is expected to see growing earnings in the years to come. With earnings in the first three quarters mainly from invested firms, Taiwan Cement’s earnings f... |
Lafarge and Mondi in Jordan joint bagging effort03 November 2010, Published under Cement NewsWith an annual volume of 30 million bags, Lafarge Jordan is a key business partner for Mondi. In 2008, Lafarge Jordan reported a higher yearly average bag breakage rate than the limit set in the contract with Mondi. To clarify the reasons for this high breakage rate and determine how it could drastically be reduced Mondi and Lafarge joined forces. The goal of both partners was to cut the breakage rate by two thirds by optimizing processes in both plants. The key to success was the intense c... |
Jaiprakash second-quarter net dips, India03 November 2010, Published under Cement NewsInfrastructure conglomerate Jaiprakash Associates today reported 86.72 per cent decline in Q2 FY’11 standalone net profit to INR115.52 crore against the corresponding quarter last year. It had registered a profit of INR870.19 crore during the same period in the previous year due to gains from sale of treasury stocks. "The main reason for dipped net (profit) is that last year in the same quarter, we had got INR941.76 crore out of selling in treasury stocks. During the corresponding quarte... |
Gujarat Sidhee Cement loss widens in Sep 10 quarter03 November 2010, Published under Cement NewsGujarat Sidhee Cement reported the loss for the quarter ended September 2010 has widened. During the quarter, the loss of the company increased to INR129.24m compared with a loss of INR58.41m in the same quarter last year. Net sales for the quarter declined 42.18% to INR504m, while total income for the quarter fell 40.11% to INR522.32m, when compared with the prior year period. It reported loss of INR 1 a share during the quarter compared with loss of INR0 a share in the previous year pe... |
Nigeria sets up cement monitoring committee03 November 2010, Published under Cement NewsThe Federal government has inaugurated a monitoring committee on the implementation of Backward Integration Policy on cement sub-sector. While inaugurating the committee, Minister of Commerce and Industry, Senator Jubril Martins-Kuye, said the objective of the committee would be to ensure transparency and guarantee full implementation of the backward integration policy in the sub-sector. He said the setting up of the committee was proposed by stakeholders while its composition was based o... |
Habesha to float additional shares, Ethiopia02 November 2010, Published under Cement NewsHabesha Cement (HC) SC plans to float additional shares to reach 30 per cent of the projected US$109m it needs for Development Bank of Ethiopia (DBE) to loan it the rest for the engineering, procurement, and construction (EPC) of its factory, after signing a US$79m deal with Northern Heavy Machinery Industries (NHI) Group on Tuesday, October 26, 2010. HC plans to sell the shares after its second general assembly, which is expected to approve the sale, to be held in the first week of Decembe... |
Lafarge WAPCO pledges economic support, Nigeria02 November 2010, Published under Cement NewsIn its celebration of five decades of being a leading producer in Nigeria, Lafarge Cement WAPCO Nigeria Plc, has pledged its continual contribution to the growth of the Nigerian economy through its brand, Elephant cement. Speaking at the media interactive session in Lagos, to announce its 50th anniversary, the Chairman, Board of Directors, Chief Olusegun Osunkeye, said, the company is committed to supporting the government in strengthening the nation’s economy. "Over the years, the company... |
India: Essar to invest in new Madhya Pradesh unit02 November 2010, Published under Cement NewsDiversified conglomerate Essar Group has firmed up plans to invest over INR2000 crore to set up a new cement and ferroalloy unit in Madhya Pradesh as part of its mega investment programme in the state. The group, which has already committed investments worth around INR8,000 crore in the state across sectors like steel, power and telecom had last week entered into a pact with the Madhya Pradesh government for a cement and ferroalloys project. The group will set up a cement plant with a ... |