Cement News tagged under: international
Cemex has to find some US$360m by September 201111 October 2010, Published under Cement NewsReady Mix USA is exercising its put option, requiring Cemex to acquire its share in the two joint ventures formed in the south-eastern parts of the USA in 2005. Following the sale of 12 active quarries and certain other assets to SPO Partners & Co., a San Francisco-based investment vehicle, for US$420m in the early part of this year, the value of the remaining share held by Ready Mix USA in the two joint ventures is estimated at about US$360m. These assets consists of two cement plants... |
Argentina cement demand grows11 October 2010, Published under Cement NewsArgentina’s Minister of Industry, Debora Giorgi, said yesterday that economic growth generates greater investment needs that are promoting the construction and real estate. The official specified that the annual cement consumption per capita in the country will be 241kg this year, 47kg more than that was consumed five years ago. "The investments are occurring beyond the residential market, to cover the commercial market, the corporate, tourist and industrial," said Giorgi and recalled that... |
Taiwan Cement plans for solar power11 October 2010, Published under Cement NewsTaiwan’s largest cement maker plans to build a large solar power plant, the company and local media said on Monday, confirming a trend for the island’s companies to focus increasingly on green technologies. Taiwan Cement is looking to build the 10-MW plant in southern Pingtung county, targeting an investment worth ’tens of billions’ of Taiwan dollars, the Commercial Times reported, citing chairman Koo Cheng Yun. A spokesman for Taiwan Cement, who declined to be named, confirmed the repor... |
Cementos SA Yguazú to build terminal, Pamana11 October 2010, Published under Cement NewsCementos SA Yguazú will build a private port terminal on the right bank of the Paraguay River, district of Villa Hayes, Presidente Hayes department. The approval was carried out by Decree 5218, signed by the president, Fernando Lugo, said the president of the republic. The provision establishes that the terminal also will serve as a dock for the loading and unloading of raw materials. He also added that once construction is finished, the company will submit to the Directorate of Merchan... |
Jaiprakash Associates to strengthen base in western India10 October 2010, Published under Cement NewsJaiprakash Associates Ltd (JAL), the flagship company of the well diversified industrial conglomerate Jaypee Group, is in the process of strengthening its base in western India. After commissioning of its first integrated cement plant in Kutch district, Gujarat and a large fly ash based cement grinding unit in close vicinity of Wanakbori Thermal Power plant near Ahmedabad, the Company is now implementing its second integrated cement plant along with a Jetty in Kutch, taking the company’s to... |
Vietnam exports 300,000t of cement08 October 2010, Published under Cement NewsVietnam exported 300,000t of cement and clinker in the first nine months this year, as part of cement joint-ventures’ investment plans. The Vietnam Industry of Cement Corporation (VICEM) and joint-ventures under corporation are finding new market to increase their products for exports while trying to restrain cement import from now to the end of year. According to VICEM, the volume of clinker imported saw a significant decline in September at only 50,000t. |
Shanshui Cement acquires Chifeng Yuanhang Cement08 October 2010, Published under Cement NewsChina Shanshui Cement Group recently expanded beyond Shandong presence to Inner Mongolia by acquiring Chifeng Yuanhang Cement Company Limited. Shandong Shanshui Cement Group Company Limited (a wholly-owned subsidiary of Shanshui Cement) and Yuanhang Cement signed an equity acquisition framework agreement on 18 August 2010. This follows on the heels of a cooperation framework agreement between the two companies signed in May 2010. Under the equity acquisition agreement, Shanshui Cement will ... |
Shree Cement to expand capacity by 7Mta, India08 October 2010, Published under Cement NewsShree Cement will reportedly expand its cement production capacity by 7Mt in the next five years. Company would raise the funds through internal accruals and debt. Bangur said the company was in the process of setting up a greenfield cement plant in Karnataka. The company would invest Rs15bn to set up a cement plant, with an annual capacity of 3mn tons and the remaining Rs5bn on operationalising a 100MW power plant, adds the report. |
UltraTech Cement starts second round of expansion08 October 2010, Published under Cement NewsUltraTech Cement, India’s largest cement maker, has kick-started the next round of its capacity expansion which is likely to cost INR5000 crore, immediately after execution of its earlier plan of adding nearly 20Mt over the past four years. The Aditya Birla Group company has placed orders for two 3.3Mt kilns on KHD Humboldt Wedag as part of its plan to add 9.4Mt capacity by 2012-13, said a company official who did not wish to be named. The Aditya Birla group spokesperson declined to commen... |
Swiss cement deliveries up 5.8% in third quarter??08 October 2010, Published under Cement NewsCement demand continues to rise in Switzerland. In the third quarter of 2010, shipments rose 5.8% over the same period last year. In the first nine months of the year, the increase is 6.3%. A total of 1.29Mt have been delivered in the 3Q. During the first nine months 2010, the amount of cement delivered was 3,.45Mt, said the Association of Swiss cement industry (cemsuisse) Thursday. According to the association, the maintaining growth "is the result of continued favourable activity in ... |