Cement News tagged under: international
Bolivia nationalises stake in state cement company02 September 2010, Published under Cement NewsBolivian President Evo Morales announced Wednesday the nationalisation of the 33 per cent of state-owned cement maker Fancesa that is in private hands. The decree signed by Morales in the southern city of Sucre, where Fancesa is headquartered, transfers the stake held by private cement company Soboce to the provincial government of Chuquisaca. The majority owner of Soboce, Bolivia’s largest cement maker, is opposition politician and former presidential candidate Samuel Doria Medina, wh... |
Retrenchment planned at Lafarge Cement, South Africa02 September 2010, Published under Cement NewsLafarge Cement plans to lay off more than 13 per cent of its employees in Lichtenburg, North West, trade union Solidarity said on Wednesday. It received a Section 189 notice on Tuesday, in which the retrenchments were announced, deputy general secretary Dirk Hermann said in a statement. According to the notice, the company planned to lay off close to 80 of the 600 employees at the Lichtenburg plant. Hermann said job losses in the construction industry had risen sharply during the first ha... |
Nepal: cement prices dip02 September 2010, Published under Cement NewsThe prices of cement, except the state-owned brands, have dipped by 12 and 10 per cent respectively in the market, as international price dipped and construction sector continued to shrink in the new fiscal year. Bricks manufacturers, however, have raised the price by Rs 500 per 1000 pieces, citing adverse impact of the season on productions. People building new houses would also need to pay as much as Rs 15 more for a cubic feet of sand and aggregates, as suppliers citing new traffic rule... |
Andhra Cements to make US$3.9m preferential issue, India02 September 2010, Published under Cement NewsIndian cement maker Andhra Cements Ltd yesterday announced raising INR18.64 crore (US$3.9m) by issuing up to over 7.7 million lakh equity shares of Rs 10 each to HDFC and IDFC by way of conversion of outstanding obligation on preferential basis. The shareholders adopted a resolution to this effect at its 71st annual general meeting held on Monday, Andhra Cements informed the Bombay Stock Exchange on Tuesday in a regulatory disclosure. The shareholders also approved re-appointment of Dr. Su... |
Jaiprakash Associates up 3% on Aug cement sales02 September 2010, Published under Cement NewsShares in India’s Jaiprakash Associates rose more than three per cent on Thursday morning, after it said late on Wednesday August cement dispatches jumped 51 percent. |
India despatches show cascading effect of price dip02 September 2010, Published under Cement NewsThe cascading effect of Indian cement prices heading southwards has started to show, reports Daily News & Analysis. ACC, the second-largest cement manufacturer controlled by Holcim, for the seventh consecutive month reported a decline in its despatch figures. Its despatches in August fell by 5% to 1.57 million tonnes (mt) from 1.65 mt reported in August last year. ACC’s production for January-August, 2010, also dropped to 14.05 mt, as compared with the last year’s 14.48 mt while despatches... |
Kavkazcement sets record for production & dispatches, Russia02 September 2010, Published under Cement NewsCJSC Kavkazcement set a new record for cement production of 284,000t and dispatches of 292,700t. This is an all-time high in operational achievement recently attained in summertime by CJSC Kavkazcement when operating as part of the Group. In July 2010 CJSC Kavkazcement performed above record levels in 2007 when the plant produced 282,3000t and dispatched 282,4000t of cement. In addition, clinker production was 13% up on the same period of the previous year, cement production –19 % and dis... |
ACC’s August sales dip 5%02 September 2010, Published under Cement NewsIndian cement manufacturer ACC Limited on Wednesday reported a five per cent dip in sales for the month of August at 1.57Mt. The company, in which Holcim has majority stake, had sold 1.65Mt cement in August 2009, it said in a statement. Production of the company also fell during the month at 1.56Mt from 1.63Mt a year-ago. Cumulative sales of ACC during the January-August period of the current year stood at 14Mt vis-a-vis 14.49Mt a year ago. Production during the first eight months of 201... |
South Africa: cement output to increase marginally02 September 2010, Published under Cement NewsCement capacity in South Africa would only increase marginally in 2013, cement and lime producer Pretoria Portland Cement (PPC) said yesterday. PPC, the cement and lime producer, said on Wednesday cement capacity in South Africa would only increase marginally in its 2013 financial year and would not increase during its next two financial years. This is despite plans Sephaku Cement, part of listed Sephaku Holdings, has planning to establish new cement plants in the North West and Mpumalan... |
Siam Cement: most of its halted projects can proceed02 September 2010, Published under Cement NewsSiam Cement PCL said Friday that most of its industrial projects at a controversial industrial estate can continue following a legal ruling. The Central Administrative Court Thursday has given the go-ahead for 74 of 76 projects at Map Ta Phut industrial estate to proceed after they were suspended because of environmental and health concerns. However, one of Siam cements projects--the expansion of a vinyl chloride monomer facility operated by an affiliate--still needs official clearance to ... |