Cement News tagged under: international
Holcim Signs Venezuela deal13 September 2010, Published under Cement NewsHolcim said Monday it and Venezuela have agreed on the terms of a compensation payment for the nationalization of Holcim’s operations in 2008. The agreed total compensation is US$650m, of which a first down payment of US$260m was received. The remaining compensation amount of US$390m will be paid in four equal yearly installments. The agreement follows a international arbitration procedure before the International Centre for Settlement of Investment Dispute, or ICSID in connection with th... |
Titan changes lobbying firm to help with Castle Hayne project13 September 2010, Published under Cement NewsTitan America, which plans to build a new plant in New Hanover County has hired a new law firm to represent it as it trudges through the environmental permitting process. Titan America recently hired Womble Carlyle Sandridge & Rice PLLC, which replaces John Merritt of McGuireWoods Consulting in Raleigh. "We appreciate the excellent support we’ve received from McGuireWoods," Titan spokeswoman Kate McClain said in an e-mail. "John Merritt has been a valuable member of the team and has provid... |
Italcementi to upgrade Rezzato plant, Italy13 September 2010, Published under Cement NewsItalcementi has announced plans to upgrade its Rezatto plant from 2600tpd to 3000tpd and also reduce emissions by 46%. The current two semi-dry process kilns will be replaced by a single dry-process line which will be capable of producing 1Mta. The company has received approval from the communities of Rezzato and Mazza which have always objected to the plant being expanded beyond 3000tpd (Italcementi’s initial request was to increase capacity to 4000tpd). |
Botswana cement sales declining - PPC13 September 2010, Published under Cement NewsSouth African cement producer PPC reported on Wednesday that its sales volumes in South Africa and Botswana were still declining, but at a slower rate than had been the case earlier in 2010, with some regions showing a modest growth in sales. However, sales to the construction industry, which typically comprised about 20% of PPC’s sales, were significantly lower, while Zimbabwe sales during July were impacted by a longer-than-planned plant shutdown. Normal sales resumed in that country duri... |
Lafarge raises forecast for French cement market13 September 2010, Published under Cement NewsLafarge SA raised its forecast for the French cement market, and now expects it to grow by three per cent at best this year and shrink by one per cent at worst, La Lettre de L’Expansion said, without citing anyone. Lafarge last year forecast that this market would shrink by 3- 8 per cent in volume in 2010, the newsletter said. |
Lafarge loses environmental clearance for planned plant13 September 2010, Published under Cement NewsA planned cement project in Himachal Pradesh, India promoted by Lafarge, has lost its environmental clearance, after the National Environment Appellate Authority ruled that the project threatened the local agriculture-based economy and the nearby Majathal Wildlife Sanctuary. The clearance was granted by the Union Ministry for Environment and Forests in June 2009. A slew of complaints from local villagers and activists spurred NEAA members to visit the site in Mandi district in June this yea... |
Ripples over FG’s cement import policy, Nigeria12 September 2010, Published under Cement NewsStakeholders in the building and construction industries are contesting the new cement policy which they argue will put the destiny of the people in the hands of a cement cartel. Presently, the country has 95 per cent of cement raw materials that can be tapped to grow the nation’s economy and export the commodity to other countries. The new policy seeks importation of 2.5Mt of bulk cement by six local manufacturers to cover the second half of the year. Indeed they urged the Federal Governm... |
Lafarge to freeze Ukraine expansion project11 September 2010, Published under Cement NewsLafarge has decided to freeze its project of construction of a new cement plant with the total annual capacity of 2.5Mt in the Lvov Province in Ukraine. The decision is explained by unfavourable market conditions. The project was initially announced by Lafarge in 2007. However, the company continues to work at the project planning and claims that as soon as Lafarge is ready to make an actual investment the project will be resumed. According to the plan, new plant will occupy a territ... |
Saudi Eastern Province Cement posts 1H net profit10 September 2010, Published under Cement NewsSaudi cement producer Eastern Province Cement Company (EPC) said it booked a net profit of SAR196m (US$52.3m) for the first half of 2010, slightly down from SAR 200m a year ago. The earnings per share (EPS) stood at SAR 2.28, versus SAR 2.33. The slight decrease in the company’s bottom-line results was attributed to a rise in operating expenses. The operating profit dropped to SAR 193m in the first half of 2010 from SAR 206m a year earlier. For the second quarter of 2010, the company’s ne... |
Emkay uncertain about sustainability of price hike, India10 September 2010, Published under Cement NewsCement stocks surged by about 5-15% in yesterday’s trade following news flow of price hike in the Southern region. In a knee-jerk reaction, cement manufacturers in south have intimated dealers that cement prices will be raised in key markets of Hyderabad and Chennai by INR 30-35 for each bag effective Sep. 7, 2010. Cement prices in Hyderabad which were hovering around Rs 138-140 for each bag, will go up to Rs 178-180 for each bag, an increase of Rs 30 for each bag. Similarly cement pric... |