Cement News tagged under: international
Dangote additional investment in Sephaku Holdings26 August 2010, Published under Cement NewsSephaku Holdings confirmed on Wednesday that Nigeria’s largest cement company, Dangote, would invest an additional ZAR779m (US$106.5m) into its subsidiary company Sephaku Cement. The investment would increase the Dangote group’s equity stake in Sephaku Cement from 19,76%, which it acquired in 2008, to 64%, and completes the equity requirements for existing projects. Sephaku Holdings CEO Neil Crafford-Lazarus said the company had now secured the full equity requirement for its cement projec... |
Cimerwa set to order equipment for new plant, Rwanda26 August 2010, Published under Cement NewsCimerwa, the country’s largest cement producer is set to purchase new equipment after acquiring a letter of credit from Kenya Commercial Bank (KCB) Rwanda, the factory’s management has said. Last year a number of the company’s investment plans were affected by the global recession. In an interview with Business Times recently, Fiacre Birasa, Chief Executive Officer (CEO) of Rwanda Investment Group (RIG) said that KCB has issued a letter of credit for the Cement Factory that worth Rwf26milli... |
India: small producers feel pressure26 August 2010, Published under Cement NewsAmid continuous consolidation in the domestic cement sector, with major companies capturing bigger market shares, smaller ones may find it difficult to expand their limited area of operation, according to a report in the Business Standard. In the current oversupply situation, industry experts say small cement makers are impacted more than the bigger producers. And, the regional nature of the business is likely to make the prospects of small companies bleak if expansion doesn’t happen. The r... |
Brazilian company wants to build cement factory Potosí , Bolivia26 August 2010, Published under Cement NewsAn undisclosed Brazilian company is interested in building the cement plant for the department of Potosí, with an investment of about US$215m under a turnkey contract. The proposal is being reviewed the Ministry of Mines and the Government of Potosi, according to the statement of department’s first authority Felix Gonzales, who said he will analyse all the details to make a joint decision with the government. "There is a Brazilian company that wants to run with US$215m throughout the proj... |
Venezuela: 25% drop in private construction sector26 August 2010, Published under Cement NewsVenezuela’s private construction sector recorded a decrease of 25% during the second quarter of 2010, representing an increase of 14 percentage points compared with the first quarter. It is evident from the latest figures released by the Central Bank of Venezuela (BCV), the construction sector reported the biggest drop in the non-oil economic activities [sector] (-6.4%) after mining (-19.6% ), electricity and water (-8.8%) and financial intermediaries (-7.7%). "It should be noted that ... |
Pakistan export value increases, volumes down26 August 2010, Published under Cement NewsPakistan exported 756,306t of cement at US$41.566m during the first month of current Financial Year 2010-11 (July-June), compared to 841,771t at US$40.781m in June 2010 to Middle East and Asian countries. The export recorded a drop of 10.15 per cent in terms of quantity but up by 1.92 per cent in terms of value in dollar, according to data released by Federal Bureau of Statistics, Government of Pakistan. However, in last financial year 2009-10 (July-June), Pakistan export of cement stoo... |
SCG recognised for best CSR, Thailand25 August 2010, Published under Cement NewsSiam Cement Group was recently named the best Thai company in corporate social responsibility excellence by the Thailand Management Association. As part of the Thailand Corporate Excellence Awards 2009, it was also named the best in human-resource management, innovation and products and services. The winner in leadership and financial management was PTT. True Corp and Charoen Pokphand Foods were named the top firms for marketing and corporate improvement. |
Lafarge India starts health centre in Chittorgarh25 August 2010, Published under Cement NewsLafarge India, under its Corporate Social Responsibility Programme has now launched a health centre at Bhujia Kheri village in Nimbahera tehsil in district of Chittorgarh, Rajasthan. This centre will be managed by a not for profit trust called NIDHEE, which is backed and promoted by Lafarge India. Co-President Cement Division Lafarge Group, Mr. Isidoro Miranda launched this centre and said that this facility provide people of Tilakhera Arnia Joshi, Ukhliya, Motha, Sitaramji Ka Khera, Arnia ... |
Brokers blamed for cement price hike, Bolivia25 August 2010, Published under Cement NewsExecutives of cement factories Coboce of Cochabamba and Soboce of Viacha in La yesterday claimed that brokers are to blame for a rise in cement prices from BOB52 to BOB58/50kg bag in Cochabamba and other departments. Coboce Irpa Irpa general manager, José Manuel Ramírez, said there has been no change in price for a bag of cement to the end-customer, including transportation to the site and unloading, for two years and remains at BOB52. For his part, the Soboce national sales manager, R... |
Cemex tumbles most in seven months on US home sales25 August 2010, Published under Cement NewsCemex dropped the most in seven months in Mexico City trading after plunging sales of existing US homes signaled cement demand may miss expectations. Cemex dropped as much as 7.2 percent to 9.83 pesos, the most since Jan. 27. Shares were 4.6 per cent lower at 10.10 pesos at 12:44 p.m. New York time. Sales of U.S. previously owned homes dropped 27 percent in July, twice as much as forecast, to a 3.83 million annual pace, figures from the National Association of Realtors showed today in Wa... |