Cement News tagged under: international
Camargo Correa cement investments09 July 2010, Published under Cement NewsBrazil’s industrial conglomerate Camargo Correa is planning to invest BRL14bn (US$7.9bn) in its cement unit in the 2010-2014 period, reported local newspaper Folha de S. Paulo in its Thursday edition. The investment represents a vigorous increase from the amount invested in the 2005-2009 period worth BRL810m, said the report, which cited Jose Franco, Camargo Correa’s chairman. |
Vietnam ’unlikely to reach export target’09 July 2010, Published under Cement NewsVietnam’s cement supply and demand situation has been balanced after many years of shortages. At present, the country is facing a surplus of supplies which are now being aimed towards export markets. Vietnam Cement Industry Corp (Vicem) targets to reach 1Mt of cement exports in 2010. But the target will be hard to come into reality. Nguyen Ngoc Anh, general director of Vicem said that the corporation now has 97 cement production lines with total design capacity of 57.4Mt. By the end of 2... |
Akmenes Cement closing talks with banks for new line09 July 2010, Published under Cement NewsAkmenes Cementas (Akmene Cement), Lithuania’s only cement manufacturer, aims to complete talks with banks on a more than LTL200m (EUR 57.97m) syndicated loan for the construction of a new production line and sign a contract with the leading Lithuania’s construction company Panevezio Statybos Trestas (PST) in the nearest time. "We are several days behind the schedule, but we hope to sign the contract on Jul. 19-23," Richardas Sudaris, Akmenes Cementas’ representative, told BNS. The company ... |
Lafarge inks Democratic Republic of Congo cement deal09 July 2010, Published under Cement NewsDemocratic Republic of Congo (DRC)’s Katanga Province and Lafarge Cement yesterday signed a K5trn (US$1bn) agreement for the supply of cement to the DRC region that is undertaking massive construction works. Katanga Governor Moses Katumbi signed the cement purchase deal on behalf of his provincial government while Lafarge Cement operations manager, Elililia Usiri represented the company’s management during the signing ceremony held at the Ndola cement plant in Zambia. Mr Katumbi said the m... |
Cemex sells Kentucky assets to reduce debt09 July 2010, Published under Cement NewsCemex announced today that it has reached an agreement to sell seven aggregates quarries, three resale aggregate distribution centers, and one concrete block manufacturing facility in Kentucky to Bluegrass Materials Company, LLC for US$90m. These assets were acquired by Cemex in 2007 as part of the Rinker Group acquisition. The facilities and properties were deemed non-core assets for Cemex’s integrated cement, concrete, aggregates and building materials operations throughout the United Sta... |
Italcementi joins UN Global Compact09 July 2010, Published under Cement NewsItalcementi is the first listed Italian company in its sector to join the Global Compact, the United Nations initiative set up to safeguard the social and environmental sustainability of economic growth processes. The participation of the Italcementi Group was formally ratified with a letter from the Chief Executive Officer, Carlo Pesenti, to the United Nations Secretary General, Ban Ki-moon, declaring the Group’s support for the ten principles of the Global Compact with regard to human ri... |
Ash Grove statement on cement discharge, USA08 July 2010, Published under Cement NewsThe West Seattle Herald has received a press release from Ash Grove Cement regarding an incident reported on July 3 where dust plumes were seen billowing from the cement producer’s works in Seattle. The statement read: “At approximately 7:42 p.m. Saturday, July 3, finished cement was discharged as a result of the affected silo being overfilled. The management team has worked throughout the weekend to develop a plan to prevent future events. The company notified the Puget Sound Clean Air A... |
Holcim Mexico plant faces blockade08 July 2010, Published under Cement NewsA civil movement in Apaxco, Mexico, has blockaded the factory of a subsidiary of Holcim concern, blaming it for an outbreak of poisoning cases. Holcim denies the accusation. A survey by the independent Centre for Diagnosis and Alternatives for those Affected by Toxic Substances (Cedaat) reveals symptoms including headaches, eye irritation and sore throat among local residents. According to Cedaat, 86 per cent of 305 people examined showed signs of acute poisoning. Cedaat also documented s... |
RAK Cement sees profitability pressures, UAE08 July 2010, Published under Cement NewsCement company shares are showing a few cracks lately, and those of Ras Al Khaimah Cement are no exception. But the drop in its share price is not the only worry for the cement maker. It is also struggling to cope with the chronic gas and electricity shortages in RAK, which analysts say will affect its future profitability. “Their production has gone down and they have issues with gas and electricity supply, which will affect the production and profits throughout the summer until the e... |
Fitch affirms Tunisia’s SCE’s rating08 July 2010, Published under Cement NewsFitch Ratings has affirmed Tunisia-based cement producer Societe des Ciments d’Enfidha’s (SCE) National Long-term rating at ’BBB+(tun)’ and its National Short-term rating at ’F2(tun)’. The Outlook is Stable. SCE’s ratings continue to reflect its strong business profile, including a leading local market position and a strategic vertical integration into high-margin ready mix concrete. However, SCE lacks the scale and the diversification of its international peers. The company’s position is ... |