Cement News tagged under: international
An international warrant against two Lafarge officials06 July 2010, Published under Cement NewsAlgerian authorities have issued an international arrest warrant against two French nationals serving at Lafarge Company in Algeria. They are believed to be involved in corruption and money laundering. Lafarge executives secretly left the country to Italy and then to France to avoid arrest and interrogation by the police which was investigating misconduct in the French cement company. Security authorities are also investigating how the suspects managed to leave the country from Algiers... |
Lafarge to donate 500t cement to fire victims, Bangladesh05 July 2010, Published under Cement NewsLafarge will donate 500t of cement in aid of the victims of Neemtoli fire in Old Dhaka, reports UNB. The pledge came when a delegation led by Lafarge Group Co-president of Cement Division of France Isidoro Miranda called on Prime Minister Sheikh Hasina at the Prime Minister’s Office (PMO) Thursday morning. During the meeting they discussed different issues of trade and business. Sheikh Hasina thanked the Lafarge Group for standing by people who lost their family members and property in th... |
BK Birla favours merger of timber and cement units05 July 2010, Published under Cement NewsBasant Kumar Birla, chairman of B.K. Birla Group, is in favour of merging two group companies, Mangalam Timber and Mangalam Cement. Loss-making Mangalam Timber’s board May 3 recommended merger of the company with Mangalam Cement. But the latter in a communication to the bourses May 12 had sought more information from Mangalam Timber for examining the merger issue. ’Directors and labourers are objecting to the merger proposal so I told my people since I have the majority holding it would no... |
Kesoram Industries to install plant at Vasavadatta, India05 July 2010, Published under Cement NewsKesoram Industries’ board at its meeting held on July 01, 2010, has approved the installation of a 1.71Mt clinker plant together with a 18MW captive power plant at the Vasavadatta cement section in Sedam (Karnataka). The board has also approved construction of a 2.5Mt grinding plant at Sholapur in the state of Maharashtra at a cost of Rs 925 crore. In addition it has approved installation of waste heat recovery system to generate power at different units of the Vasavadatta Cement Section. ... |
Indian cement prices likely to stay damp05 July 2010, Published under Cement NewsIndian cement prices are on a decline and a shortage of railway wagons has crimped supply. The recent increase in diesel and petrol prices is expected to dent profitability further. Cementing margins thus becomes easier said than done. “Margins will definitely dip further depending upon the volume. Also, the increase in diesel cost, which is around Re 1 per bag, would impact the margins as this price cannot be passed on to the consumer in the present scenario,” HM Bangur, managing director... |
Egypt closes bid on cement licences on weak offers05 July 2010, Published under Cement NewsEgypt’s Industrial Authority closed a bid for two cement production licences on Thursday as the one offer it received failed to meet its requirements, the authority’s head said on Saturday. Egypt re-opened bidding for cement licences previously held by El Wadi Cement and North Sinai Cement after the firms had permits withdrawn late last year over start-up delays and financing shortfalls. The new bid deadline was last Thursday. "The authority has received one offer from Horus Cement (a sub... |
Pakistan cement sales expected to be higher05 July 2010, Published under Cement NewsThe total sales of Pakistani cement in domestic and export markets is expected to increase by 14 per cent to 35Mt during fiscal year ended on June 30, a brokerage house said. “As per our discussions with the industry experts, the total sales of the commodity are expected to come at 35Mt in the fiscal year 2010, which will include 24Mt sales in the national markets and 11Mt in the international markets,” said Atif Zafar, analyst at JS Research. Sales of around 24Mt of cement in the loca... |
Iran targets 110Mt in cement production05 July 2010, Published under Cement NewsDeputy Minister of Industries and Mines Mohammad Massoud Samieinejad recently said targets for production of cement in the fifth development plan (2010-2015) should reach 110Mt. “By the end of this plan production of cement in the country should reach 110Mta while at present the production capacity is 71Mta... Fulfilling the declared objectives of the plan regarding production of cement requires production of 166Mt." |
Egypt: energy price to rise in peak periods05 July 2010, Published under Cement NewsEgypt has raised energy prices for non energy-intensive industries as part of its plan to gradually eliminate subsidies to all industries, a statement by the trade ministry said on Friday. Non-energy intensive industries, which account for 97 per cent of industrial activity, including sectors such as chemical production, would be charged $2 per million british thermal units (BTU) of natural gas, the statement said. Energy-intensive industries such as steel, cement and fertilizers, will c... |
MIIT: China cement production up 19% in first five months05 July 2010, Published under Cement NewsChina produced 675.43Mt of cement in the first five months of 2010, up 19 per cent YoY, reports p5w.net, citing the Ministry of Industry and Information Technology. In May, cement production increased by 4.5 per cent YoY and 1.9 per cent from April, reflecting growth rate increases of 5.7 per cent YoY and 0.1 per cent from the first four months, respectively. China exported 6.86Mt of cement and cement materials in the first five months, up 3.3 per cent from a year ago, with an export value... |