Cement News tagged under: international
Attock Cement decides against acquiring Al-Abbas Cement29 July 2010, Published under Cement NewsAttock Cement on Tuesday dropped its deal to acquire Al-Abbas Cement after exercising due diligence and plans to communicate its latest decision to the Karachi Stock Exchange (KSE). “Due diligence of acquiring Al-Abbas Cement ended with the idea being scrapped,” CEO of Attock Cement Babar Bashir Nawaz told to media. Nawaz, however, did not disclose the reason for not acquiring Al-Abbas Cement. Attock Cement has decided to reveal its decision in its communiquÈ with KSE on Wednesday (today) ... |
Angolan minister lays cornerstone for new plant29 July 2010, Published under Cement NewsAngolan Minister of Urban Construction Jose Ferreira on Wednesday laid the first stone for "Palanca Cimentos" factory, the largest cement enterprise of the African country, in Hanha do Norte, Lobito district of the southern Benguela province. The "Palanca Cimentos" project, with a total investment of some US$430m, was a joint venture by the companies of Grupo Gema (Angolan) with 40 per cent of participation, Escom (Portuguese) with 30 per cent, and Camargo Correa (Brazilian) with 30 per c... |
High Court issues notices to govt, Nirma29 July 2010, Published under Cement NewsThe Gujarat High Court on Wednesday issued notices to the Centre, the state government and Nirma group in connection with a review petition filed against the allotment of land for a cement plant in Mahuva. Further hearing on the petition has been kept for August 26. Farmers from Mahuva taluka had filed a public interest litigation (PIL) under the banner of Shree Mahuva Bandhara Khetiwadi Pariyavan Bachav Samittee. The petitioners had demanded court directions to the government to cance... |
FCC 1H net profit rises 6%, Spain29 July 2010, Published under Cement NewsFomento de Construcciones y Contratas SA (FCC) said Thursday its first-half net profit rose close to 6% on the year, as waste management services continued to offset pressure from weak construction operations. The Spanish construction company said first-half net profit rose to EUR101.2m from EUR95.6m a year earlier. The company’s EBITDA fell 2.8% to EUR666m, while sales fell 4.9% to EUR5.72bn during the same comparative period. EBITDA from waste management and environmental services ro... |
UltraTech to add capacity, 1Q disappoints29 July 2010, Published under Cement NewsUltraTech Cement, India’s biggest cement producer, aims to spend US$1.8bn to add 9Mt of new capacity over the next three years, The Economic Times of India reports. UltraTech, part of the diversified Aditya Birla group, will spend INR56bn (US$1.2bn) to set up clinker plants in central and south India, the company said in a statement on Thursday. It is already spending INR26bn on grinding capacity in western India and on waste heat recovery systems and packaging terminals across India. The... |
Calera receives US$19.8m grant, USA28 July 2010, Published under Cement NewsCalifornia-based Calera Corp. is poised to design, build and operate a system that mineralises carbon dioxide from flue gas, yielding carbonate-bearing aggregate for construction fill or cement mill raw feed. The company garnered a nearly $20 million grant—drawn from DOE stimulus allocations—based on a small-scale CO2 absorption facility at Moss Landing, near its northern California headquarters. A proposed material production system will be integrated with the absorption facility to demon... |
East African Portland Cement rises to six-week high, Kenya28 July 2010, Published under Cement NewsEast African Portland Cement Co. Ltd., Kenya’s third-biggest cement maker, rose to a six-week high after saying it had appointed a new acting managing director. The stock climbed 4 shillings, or 3.4 per cent, to close at 121 shillings as of 2:05 p.m. in Nairobi, the capital. That’s the strongest closing price since June 15. The company appointed Kephar Tande as acting managing director to replace John Nyambok who retired July 22, the company said in an e-mailed statement to the Nairobi Sto... |
New boss takes over at Hanson Cement plant , UK28 July 2010, Published under Cement NewsA new manager has taken over at Hanson Cement’s plant in Padeswood, UK. Stewart Jones, 46, succeeds Mark Cox, plant manager for the past four years, who has been promoted to operations services manager for the UK, based at Ketton cement works in Lincolnshire. Mr Jones moves from Ketton where he was assistant plant manager. Prior to that he worked for Hanson subsidiary Civil & Marine for 16 years in various roles. |
Argos to receive loan, Colombia28 July 2010, Published under Cement NewsCementos Argos, Colombia’s largest cement, said it received authorization from its board to negotiate a loan with Bancolombia of COP350,000m, which will be used mostly to replace liabilities. "The resources obtained through the said fund should be mainly for replacement liabilities, the company said in a communication to the Superintendent of Financial. Argos’s announcement is recorded at a time when the country enjoys low interest rates in an expansionary monetary policy promoted by the C... |
Holcim tests Timaru port for cement exports, New Zealand28 July 2010, Published under Cement NewsPreliminary work on a possible new wharf and storage area for cement exports out of Timaru is under way at PrimePort. Holcim New Zealand, which plans to build a US$300m cement plant at Weston, near Oamaru, had earlier signalled that it would look at sending the product to Timaru by rail for distribution. Drilling rigs have been involved in geotechnical work at Evans Bay on the southern side of the port. Holcim’s capital projects manager, Ken Cowie, said from Christchurch yesterday that ... |