Cement News tagged under: international
LSR Group decides to bonds, Russia01 September 2010, Published under Cement NewsOJSC LSR Group has decided to place Series BO-02 certificated interest-bearing non-convertible bearer bonds of OJSC LSR Group with mandatory safekeeping in a securities depository with a total value of RUB2bn (US$64.9m). The bonds will be placed through public subscription. The placement commencement date is 14 September 2010. The identifying number of the issue is 4В02-02-55234-Е dated 24 November 2009. The number of bonds to be placed is 2 million with a nominal value of RUB 1,000 each.... |
First cargo of cement exported to Iraq by railroad01 September 2010, Published under Cement NewsThe first cargo of cement from Arvand Free ZoneArvand Free Zone of Khuzestan province was exported by Khorramshahr-Shalamche railroad to Iraq. Managing Director of the Free Zone Aliasghar Parhizgar told IRNA on Tuesday evening that using railroad in border area would be the least expensive way of transporting goods. He said that at the first phase, around 570 tons of cement was transferred to Shalamche border point and then exported to Iraq, Zawaya news reported. The official expressed ho... |
Vietnam cement sales in August rise to 4.51Mt01 September 2010, Published under Cement NewsCement sales in Vietnam are estimated to have surged to 4.51Mt in August from 3.72Mt in July, the financial website InfoTV cited the Ministry of Construction as saying Monday. The figure has increased the country’s total cement sales to 32.5Mt between Jan and Aug, meeting 65% of its full-year target, the ministry said. Vietnam’s cement output is estimated at 33.4Mt in the first eight months, including 4.49Mt in August. The Southeast Asian nation has imported 110,000t of clinker in August,... |
Holcim Bulgaria to close cement plant by end-201101 September 2010, Published under Cement NewsHolcim Bulgaria plans to shut its cement plant in Pleven, northern Bulgaria, by the end of 2011, the company’s CEO said on Tuesday. "Our plant in Pleven is too small to survive. We are going to close it by the end of next year," Todor Kostov said in a interview with local business daily Pari. Holcim Bulgaria has another cement plant in Beli Izvor, also in the north of the country. The plant in Beli Izvor is working on and off, Kostov said but did not elaborate on its future. Holcim Bulga... |
Continental Cement Company layoffs01 September 2010, Published under Cement NewsAnother Tri-State area company is confirming layoffs at its facility and managers say a low demand for their product is to blame. 28 workers at the Continental Cement Company in Hannibal got the pink slip last week. This is the second layoff at the Hannibal company this year and the first since Summit Materials out of Washington D.C. took over the company. With this latest layoff, there are now fewer than 200 people at the Hannibal plant. |
Saudi Yamama Cement 1H net profit rises 23%01 September 2010, Published under Cement NewsSaudi cement producer Yamama Cement Company said it registered a 23 per cent YoY rise in its net profit for the first half of 2010 to SAR 357m (US$95.2m) from SAR291m a year ago. The strong increase was attributed to a rise in sales, Yamama Cement said without giving exact figures. The earnings per share (EPS) stood at SAR2.67, up from SAR 2.16. The gross profit rose to SAR378m from SAR316m. |
JK Cement denies meeting Holcim for buys, JVs01 September 2010, Published under Cement NewsJK Cement on Tuesday denied a newspaper report which, citing unnamed sources, said top officials of the firm met their counterparts in Holcim AG to discuss acquisitions and joint ventures. DNA reported on Tuesday officials at the Indian company met officials of the Swiss firm early this month. |
Bolivia: reality contradicts cement trade announcement01 September 2010, Published under Cement NewsBolivian productive development minister Antonia Rodriguez surprised many this week when she announced that the country will begin importing cement from Venezuela. The cement shortage and economic slowdown in both countries leaves doubts about the feasibility of the scheme. Rodriguez said the Venezuelan imports will help reduce the stress on the cement demand in a number of Bolivian cities, particularly Santa Cruz, where real estate has boomed in recent years. Construction may be on the ri... |
Birla Corp to sign pact for Assam plant01 September 2010, Published under Cement NewsThe Birla Corporation Ltd plans to sign a pact with the Assam government in September to set up a 1Mt cement plant in that state, Birla Corp chairman Harsh V. Lodha said here Tuesday. ’Everything is in place, we are just waiting for the chief minister to recover fully and resume office,’ Lodha told reporters on the sidelines of an interactive session organised by Indian Chamber of Commerce. The company would be sourcing limestone from Assam, for which a separate pact would be signed with ... |
Price war, power failures affect Lafarge Pakistan 1H01 September 2010, Published under Cement NewsLafarge Pakistan Cement Ltd. has announced today that its net turnover for the half year ending on 30 June 2010, continued to suffer as a consequence of the ongoing price war. Its net sales was recorded at PKR3423 m (US$41.24m), a decrease of 23% as compared to the corresponding period in 2009, which resulted in operating loss of PKR303m for mid-year 2010. A company official said that the plant’s operations during this period were further impeded by power failures, leading to unexpected s... |