Cement News tagged under: international
India: companies mulling price hikes22 September 2010, Published under Cement NewsAfter a price hike of INR10-30 per 50kg bag a few weeks ago, the cement companies are planning to increase prices again in the next few days. This time the cement firms are mulling to increase the prices by around INR5 to INR25 per 50 kg bag, sources said. Owing to monsoon, poor offtake from construction majors and shrinking demand from government projects of different states, the cement companies have decided to go for another round of price hike to offset a possible hit in their profit... |
My Home Industries plant expansion, India22 September 2010, Published under Cement NewsMy Home Industries Ltd intends to invest INR400 crore to expand its cement plant near Visakhapatnam. The company is also setting up a captive power plant of 60MW near Nalgonda at a cost of INR250 crore. My Home is looking for acquisitions in the western region with CRH plc of Ireland. The company had offered a stake of 50 percent to CRH plc in 2008 for INR1,600 crore. |
Cemex sees slow US economic recovery22 September 2010, Published under Cement NewsCemex said demand in the United States is not growing as fast as expected but that it would maintain its 2010 growth projections for now. Fernando Gonzalez, Cemex’s executive vice president for planning and finance, told reporters on Tuesday that the US market has been growing since March. "We had hoped .... for a relatively quick recovery but that is not happening. So the estimates that called for double-digit growth in 2010, 2011 and 2012 have been cut somewhat but are still positive," h... |
Akmenes to resume upgrade plans, Lithuania22 September 2010, Published under Cement NewsAkmenes Cementas, Lithuania’s only cement manufacturer, hopes to sign a joint loan agreement in late September in order to relaunch the company’s upgrade postponed for about a year during the crisis. Only the details are left to be worked out, the company’s CEO, Arturas Zaremba, told the Verslo Zinios business daily. "The upgrade was postponed due to high uncertainty on the market but we should launch construction works in the nearest time. The detailed plan has almost been completed," he s... |
Indonesia consumption to rise 10%22 September 2010, Published under Cement NewsIndonesian cement consumption is forecast to rise 10 per cent to 44Mt in 2011 from this year’s estimate of 40Mt. The growth rate is higher than the annual growth of 5-7 per cent in the past several years, the association of cement producers (ASI) said. ASI chairman Urip Timuryono said the government regulation requiring acceleration of infrastructure development would contribute to increase in cement consumption in the country. Urip said development of property projects by the private sec... |
Suchoi Log production line under way, Russia22 September 2010, Published under Cement NewsThe new production line at Buzzi Unicem’s Suchoi Log in the Urals, Russia, was inaugurated on 6 August 2010, the same day on which, for this particular occasion, the citizens also celebrated builders day and the 400-year anniversary of the city’s founding. The event was well-covered by the regional and national press, with nearly all the newspapers featuring articles about how such a technologically advanced production line with a production capacity of 1.1Mta of cement came into being at Su... |
Three Cemex workers rescued, Nicaragua22 September 2010, Published under Cement NewsThree workers trapped inside an underground plaster silo at a cement plant in northwestern Nicaragua were rescued safe and sound, authorities said. It took nearly 10 hours to extract the workers, fire department Maj. Felix Tellez told reporters at the Cemex company’s facility in San Rafael del Sur, 60 kilometers (37 miles) from Managua. The drama began late Saturday, when employee Milton Delgado accidentally fell into the silo, roughly 15 meters (49 feet) below ground, Tellez said. Co-w... |
Lafarge Sugar Creek vote delayed, USA22 September 2010, Published under Cement NewsThe Sugar Creek Board of Aldermen Monday delayed voting on a special use permit for Lafarge North America. The five-year special use permit would allow Lafarge to operate a rock crusher and mine on a 37-acre site in the northeast corner of Missouri 291 and Kentucky Road. The permit was originally granted in May 2000 and expired in May. The board granted a temporary permit until November to allow Lafarge to continue to operate at the site. “There are some issues that need to be resolve... |
Gulf Cement Company’s planning Saudi plant22 September 2010, Published under Cement NewsGulf Cement Company’s plans to launch its first cement plant in Saudi Arabia are still at an early phase though the company is hopeful. A source said that we haven’t begun to execute the plan - it is still in the negotiation stage. The company is already in discussion with a number of European counterparties for construction projects to begin when the 5,000tpa capacity plant becomes fully operational within the next three years. |
Feasibility study for second Matola plant, Mozambique22 September 2010, Published under Cement NewsThe project to set up a second cement factory in the industrial area of the municipality of Matola in Mozambique is now at the stage of a environmental feasibility study being carried out, said the mayor of the Matola municipal council. According to Mozambican newspaper O País, Arão Nhancale also said that the group of Mozambican business people that would finance the project had already started importing the equipment needed at the future factory. “It is a factory whose equipment will... |