Cement News tagged under: international
Global consumption update08 October 2010, Published under Cement NewsLatest global consumption data shows that monthly volumes in Western Europe are strengthening and in emerging Europe, Russia and Poland have posted robust results. In North America, the market remains subdued and South America paints a mixed picture. Over in India, cement producers have had a disappointing start to their current fiscal year, while China continues with a successive rise in volumes. A recent report by IHS Global Insight, presented at Cemtech Europe, shows that while global ... |
Brazil regulator rules against Tupi purchase, Brazil07 October 2010, Published under Cement NewsBrazil’s top antitrust regulator Cade ruled Wednesday against the purchase of cement maker Cimento Tupi by concrete service provider Polimix. In January 2008, Polimix and Cimento Tupi signed a contract to buy and sell assets. If Polimix fails to return Tupi’s assets in up to 30 days after Wednesday’s decision is published, it will be fined 20,000 fiscal reference units (UFIRs) per day. Polimix was also fined R$ 422,786 ($251,660) because it failed to inform Cade about the operation within ... |
Siam Cement plans Indonesia plant07 October 2010, Published under Cement NewsSiam Cement Group (SCG), Thailand’s biggest industrial conglomerate, plans to set up a cement plant worth US$200-300m in Indonesia to help cater for demand in Asean’s largest economy. ’’Cement plants cannot be set up in Thailand any more as total capacity is now twice the demand,’’ said corporate treasurer Padungdej Indralak, who is also the executive director for SCG’s Indonesian operations. The company has obtained an operating licence for the Indonesian plant and is seeking a location. ... |
Binani Industries to buy public holding in cement unit07 October 2010, Published under Cement NewsBinani Industries Ltd said on Wednesday it received board approvals to acquire the entire public holding in its unit Binani Cement , sending shares of both companies soaring. In a separate statement, Binani Cement said it will voluntarily delist equity shares from both BSE and NSE, after getting shareholders’ approval. Its shares rose as much as 20 per cent on the news, while the parent’s stock rose 16 per cent. Traders expect that the purchase price would be decided using a reverse book-b... |
Iraq: Lafarge starts restructuring Kerbala cement plant07 October 2010, Published under Cement NewsAs at the end of Sep 2009, Lafarge took over the management of the Kerbala cement plant in Iraq from state company Southern Cement and begin restructuring work. The first production line will be repaired initially and a 45MW power station erected. The second line will then be restructured with the help of international companies. Investment costs amount to US$200m. Once the 30-month modernisation phase is complete, total capacity will be 1.8Mta. The plant currently produces a fraction of thi... |
Holcim may move investment to Slovakia07 October 2010, Published under Cement NewsHolcim Hungária Zrt may abandon its long held-up project to build a new plant in Nyergesújfalu, west Hungary, and relocate the entire investment to Slovakia, daily Napi Gazdaság reported, without citing a source. Holcim is still struggling to fend off lawsuits from NGOs and kick off construction of a HUF65bn cement plant in the village. The project was announced in 2008 and slated for completion this year. Holcim said supplying Hungarian customers was a main priority but declined to comme... |
China Shuangji Cement begins growth phase07 October 2010, Published under Cement NewsChina Shuangji Cement, Ltd announced today that it will soon begin rapidly growing sales and profits as its new Zhaoyuan City cement plant ramps up production. As previously announced, China Shuangji expects that this new state-of-the-art cement plant will be operational by the end of the first week of October. This new cement plant in Zhaoyuan City, which is located approximately five miles from the Company’s former facility, has a 1Mt capacity with direct access to a new highway that lea... |
Argos sees a solution to Venezuela compensation?07 October 2010, Published under Cement NewsColombia’s Cementos Argos thinks a final settlement of compensation for the expropriation of its operations in Venezuela, can be reached with the revival of diplomatic relations. Colombia and Venezuela began approaches last August to achieve a restoration of trade relations, broken by President Hugo Chavez’s decision to protest the signing of a military agreement between Bogota and the United States, which later fell by the wayside by a court decision. ’With the reactivation of the Colomb... |
Isiklar to set up bagging factory in Iraq06 October 2010, Published under Cement NewsIşıklar Ambalaj, a package-producing affiliate of Turkey’s Işıklar Yatırım Holding, has decided to establish a cement bag factory in northern Iraq, the company said in a written statement to the Anatolia news agency Tuesday. Prior to the Gulf crisis Iraq was one of the biggest markets for the business, with an annual consumption of 400 million cement bags. Işıklar Yatırım Holding was established in June 1977 as Cumra Paper Industries. The company went public in June 1994 with a 10.72 per c... |
Vietnam Ministry mulls curbs on production06 October 2010, Published under Cement NewsVietnam’s Ministry of Construction plans to propose to the Prime Minister a suspension in the licensing of new cement production projects to limit the sector’s overheated development, and unnecessary waste of energy. Vu Quang Diem, Deputy Director of the Ministry’s Building Materials Department, said in terms of the building materials production sector, the cement sector was the most energy-inefficient. For each million tonnes of cement produced, the power sector had to supply 90-95m kWh,... |