Cement News tagged under: international
Holcim’s ACC & Ambuja: mixed monthly results02 July 2010, Published under Cement NewsHolcim’s two Indian cement interests have reported mixed results for June. ACC Ltd, India’s No 2 producer, said on Thursday shipments in June fell 1.7 per cent from a year earlier to 1.78Mt. Production in May was down at 1.78Mt from 1.82Mt a year ago. Holcim holds more than 46 per cent in the company. Meanwhile, Ambuja Cements Ltd, India’s No. 3 cement maker, reported shipments in June rose 6.2 per cent from a year ago to 1.69Mt. The company, in which Holcim holds about 46 per cent, said... |
First closing of Novacem’s Green Cement Bond02 July 2010, Published under Cement NewsNovacem, the carbon negative cement company, today announced the first closing of its Green Cement Bond, together with the participation of Lafarge as the first subscriber. The Novacem Green Cement Bond is an innovative commercial and financial approach for engagement with major cement manufacturers to accelerate the development and commercialisation of Novacem’s negative carbon cement. The Bond is for a nominal UK£1m (through a combination of Non Refundable Engineering fees and Convertibl... |
Loma Negra increases capacity by 40% in five years02 July 2010, Published under Cement NewsRicardo Lima, director general of Argentine cement producer Loma Negra, announced that since July 2005 (when it was acquired by Brazilian group, Camargo Corrêa) up to June 2010, it has invested in raising capacity from 3.6Mt to 5.2Mt. This represents an increase of more than 40%. Camargo Corrêa’s arrival in 2005 enabled the launch of a major investment plan that allowed Loma Negra reopen a plant in the town of Barker (not operational at the time) install new cement mills in factories at ... |
Honduras production falls by 33%02 July 2010, Published under Cement NewsCement production in Honduras has fallen by 33 per cent in Honduras due to the lack of government-funded projects, assured the president of the Cámara Hondureña e Industrias de la Construcción (Chico) [the Honduran Chamber of the Construction Industries], Alejandro Álvarez. In April last year, 160,000 bags were produced and this year, the figure fell to 122,000. |
Gov blames predecessor over Benue cement ownership01 July 2010, Published under Cement NewsBenue State Governor, Honourable Gabriel Suswam, has blamed his predecessor for his inability to protect the interest of the host communities of Benue Cement Company in the transfer of ownership agreement it sealed with Dangote Group of Companies. Suswam made the disclosure during a chat with newsmen after a closed door parley inside the Banquet Hall, Government House, Makurdi, to find a common ground between the Mbayion community leaders and BCC management team on Wednesday. The recurri... |
St Mary’s strike continues into 16th week, USA01 July 2010, Published under Cement NewsFrustrated by a lack of action at the bargaining table during a strike in its 16th week, miners from CBM/St. Marys cement plant in Bowmanville brought their protest to the company’s Windsor location on Tuesday. Members of CAW Local 222, backed by about a dozen local union officials and supporters, slowed cement trucks throughout the day from entering St. Marys’ riverfront Russell Street plant location on the city’s west end for 15 minutes each. The company is one of Canada’s largest qua... |
HeidelbergCement denies Georgia withdrawal01 July 2010, Published under Cement NewsHeidelbergCement Georgia has said it has taken no decision on contraction of cement production capacity in Georgia, despite the company failing to resume cement exports to Azerbaijan. Akaki Chkhaidze, a company marketing department head, told local press that the Rustavi and Kaspi plants have maintain full-scale production capacity. Moreover, Chkhaidze dismissed the information as if the company intended to leave Georgia. HeidelbergCement Georgia suspended cement exports to Azerbaijan in... |
Indian production seen rising 10% this year01 July 2010, Published under Cement NewsCement production this fiscal year looks set to see a 10 per cent rise, slightly higher than normal, and may touch 300Mt. The growth rate may prevail for the next three to five years, Mr Sumit Banerjee, Chairman of CII’s Cement Industry Division said on Wednesday. Housing, infrastructure projects and the nascent trend of concrete roads would continue to accelerate the consumption of cement. The cement industry is pushing for increased use of cement in highway and road construction. Ind... |
Credit Agricole Egypt denies giving El Wadi loan01 July 2010, Published under Cement NewsCredit Agricole Egypt denied on Wednesday an Egyptian newspaper report it had agreed to lend El Wadi Cement EUR150m to help it build a cement plant in Egypt. Al-Mal newspaper reported on Tuesday that El Wadi had secured the loan in a bid to regain a production licence withdrawn by Egypt’s Industrial Development Authority because of start-up delays and financing shortfalls. "We did not grant them EUR150m. This information is not accurate," Credit Agricole Egypt’s managing director, Henri Gu... |
Indonesia to build Papua plant01 July 2010, Published under Cement NewsIndonesia’s government plans to build a cement factory in Papua with 600,000t capacity, worth US$180m, with construction starting by the end of this year, said Toni Tanduk, director of the downstream chemical industry at the industry ministry. Source: Investor Daily |