Cement News tagged under: international
UK cement downsizes18 June 2010, Published under Cement NewsFollowing speculation over the fate of Lafarge’s Westbury plant in the UK, the company recently announced plans to decommission and demolish the clinker line, which had been mothballed since February 2009 due to the economic downturn. The company said it would end its manufacturing operations at the site but continue to use it to run bulk and bagged cement distribution. In addition, the cement mills for grinding and blending cement products will also continue to operate, using clinker tra... |
Jean-Paul Méric re-elected as CEMBUREAU President for one-year term18 June 2010, Published under Cement NewsJean-Paul Méric (France) has been re-elected as President of CEMBUREAU for a further one-year term at the General Assembly of the European Cement Association held today (15 June 2010) in London (UK). Jean-Paul Méric has been Director General of Ciments Français since 1991, when he became responsible for the group’s activities in France and Belgium, and subsequently in the US, Canada, Morocco, Turkey, Greece, Bulgaria and Kazakhstan. In July 2006 he became responsible for the group’... |
Supremo Cimento to build new cement plant18 June 2010, Published under Cement NewsBrazilian cement manufacturer Supremo Cimento aims to triple its production capacity to over 1Mta by 2012, a company spokesperson told BNamericas. The firm will begin work on a US$120mn cement plant in Parana state’s Adrianopolis municipality in H2, the spokesperson said, adding that the plant will produce 750,000tpa. Brazil’s Parana state governor Orlando Pessuti gave the green light for work to start at a ceremony on Thursday, the state government said in a release. However, the firm s... |
Ha Tien 1 pretax profit, Vietnam17 June 2010, Published under Cement NewsHa Tien 1 Cement Joint Stock Company (HT1) targets a pretax profit of VND320bn (US$16.84m), and a dividend payout equivalent to VND500/share in 2010. It expects to produce 2.42Mt of clinker and sell 6.05Mt of cement, including 100,000t to Cambodian market this year. Previously, it issued 88 million new shares to merge Ha Tien 2 Cement JSC (HT2), which will help the firm increase its cement production and raise competition in the local market. After the merger, the new firm has a registered... |
Sinoma to invest in Qinghai, China17 June 2010, Published under Cement NewsChina National Materials Group Corp Ltd or Sinoma, a large state-owned group, recently inked a cooperative agreement with the local municipal government to spend CNY3bn on a series of projects in Xining, Qinghai Province. These projects will include the development of cement industry, resources survey, new non-metal production exploration and energy conservation. Yu Shiliang, secretary of the party committee of Sinoma, said the group will increase its dry-process cement output in Qinghai t... |
Pressure on Saudi Arabia producers17 June 2010, Published under Cement NewsSaudi cement companies had a dreadful last month, with all eight listed companies losing ground. But they may have further to fall. The Saudi investment bank NCB Capital sees the stocks as still slightly overvalued and reduced its target price for each of the six companies it covers. The main reason is a glut of cement in the market and increased competition that will put pressure on the companies’ ability to maintain market share. For companies that have exposure to Saudi Arabia’s centra... |
Holcim inaugurates Colombian unit16 June 2010, Published under Cement NewsHolcim concluded the first quarter 2010 with the inauguration of the cement unit MC3, at its Nobsa facility, Boyaca. The new cement plant adds 700,000t of capacity to Holcim Colombia operations. |
Remco considering new Egyptian plant16 June 2010, Published under Cement NewsRemco for Touristic Villages Construction, the third-biggest publicly traded resorts company in Egypt, may build a US$250m cement plant and increase its capital by issuing global depositary receipts. “We’re currently studying two available licenses for the cement plant in South Sinai and Wadi El Gadeed,” Ayoub Adly Ayoub, the president of Remco, said in an interview yesterday in his office in Cairo. “There are also eight new ones that we will study. The plant would have a capacity of 1.5Mt... |
Asia Cement to construct new lines, China16 June 2010, Published under Cement NewsAsia Cement Corp., a major cement producer in Taiwan, is budgeting US$123.07m to build two new production lines at its cement plant in Jiangxi Province, China, which will increase the company’s output in the Jiangxi province to 12Mt. Asia Cement president KY Lee said the company will secure new capacities in China, including the mass production of a new production line in Hubei Province in November and the addition of fifth and sixth production lines in Jiangxi Province. Including capacity... |
Sri Lanka annual demand expected to grow 7%16 June 2010, Published under Cement NewsSri Lanka’s cement demand is expected to grow between six and seven per cent in 2010 driven by reconstruction demand from former war-torn areas, a top Sri Lankan cement maker said. "We feel that coupled with the increase in reconstruction in the North and the East cement demand will grow by 6-7 per cent this year." Holcim is the island’s only integrated cement maker, which produces cement from limestone and it also has a grinding plant. Tokyo Cement, a listed group operates several grind... |