Cement News tagged under: international
Orissa likely to get new cement units, India14 June 2010, Published under Cement NewsThe Indian state of Orissa looks set to get two new cement manufacturing units as the state government’s State Level Single Window Clearance Authority on Thursday is likely to clear proposals. Two cement majors, Madras Cement and Ajmer-based Shree Cement have shown interest in setting up cement units in the state. However, to date ASO, Grasim and OCL have signed MoUs with the state for a total production capacity of 4.9Mta. |
Cemex Hrvatska to focus on exports, Croatia14 June 2010, Published under Cement NewsCemex plans to focus on business opportunities abroad until the economic recovery across Southeast Europe (SEE) gains traction, the company’s board chairman said. Fresh opportunities will have to be found on new markets as the current situation in the region is not great, Trpimir Renic told SeeNews in an interview. "Although there still are certain ongoing infrastructure projects, the fact is that many governments [in the region] decelerated and stopped their consumption and cut their bud... |
India: concerns over company margins14 June 2010, Published under Cement NewsThe recent drop in Indian cement prices has added to the pressure on the profitability of companies in the sector. Prices in the south have fallen by Rs20-70 in the last two months to average around Rs165 per 50kg bag owing to a decline in demand amid the oversupply. And the situation could get worse, with dealers expecting further slide in prices. A Chennai based cement stockist said, “There is no revival in demand and we are expecting another round of price falls in the coming weeks. We ... |
Future of Westbury works to be revealed14 June 2010, Published under Cement NewsThe future of Lafarge’s Westbury works, UK, will be discussed at this week’s area board meeting, when representatives of cement firm Lafarge make a presentation to the public. The Westbury works, which was opened by Blue Circle in September 1962, was mothballed in April last year due to the recession and rising costs. A 17-man team have remained at the plant, in the shadow of the White Horse, to deal with cement coming in by railway and out by lorries, as well as a land and planning team.... |
Chinese company to build Tanzania plant14 June 2010, Published under Cement NewsLee Building Materials Ltd., a Chinese company, plans to start construction of a US$12.5m cement factory in Tanzania in September, said the company’s country representative, Feng Hu. The plant is slated to have a capacity of 300,000tpa reports Bloomberg Businesswire. |
Holcim Philippines to hike prices14 June 2010, Published under Cement NewsHolcim Philippines, one of the country’s leading cement producers, has notified for a P5 to P8 price increase per bag of cement in Metro Manila and south Luzon effective June 21 this year due to high cost of power in Mindanao and fuel cost. Eduardo Sahagun, Senior Vice President for Sales, Marketing, Distribution and Technical Services, said its suggested retail prices of cement in Metro Manila and south Luzon by June 21 would be P217 per 40kg bag. Prevailing retail cement prices range fro... |
Egypt’s El Wadi Cement seeks licence return14 June 2010, Published under Cement NewsEgypt’s El Wadi Cement has filed a court case seeking to regain a production licence that was cancelled over start-up delays, al-Mal newspaper reported on Sunday. In November, the Industrial Development Authority’s (IDA) licensing committee cancelled the licences of two firms, El Wadi Cement and North Sinai Cement, over delays and financing shortfalls, but each was granted 60 days to appeal. However, the two firms did not meet the conditions during the appeal period, which led Egypt to o... |
Lafarge CEO: deals that help strategy, balance sheet "Welcome"14 June 2010, Published under Cement NewsDeals that allows Lafarge to move ahead in its development strategy while at the same time cutting debt are continue to be of interest, CEO Bruno Lafont said Friday. Lafarge, which has been selling assets to cut its debt, recently has announced a brace of such deals: an asset swap that boosted its profile in Brazil, and a joint venture in central Europe in which Lafarge also received some cash. "These type of operations that ally strategy and improving the financial structure are particu... |
Camargo Correa acquires controlling stake in ??CimNacala14 June 2010, Published under Cement NewsBrazilian company Camargo Correa Cimentos has acquired 51 per cent of Cimentos de Nacala (CimNacala) of the Mozambican Insitec group. CimNacala operates a grinding facility in the port city of Nacala, Nampula province. The cost of the acquisition was not revealed in the Saturday announcement by the company, a member of the Camargo Correa group. It also acquired limestone reserves near the plant. Earlier this year, Camargo Correa purchased a stake in Portuguese producer Cimpor as par... |
Lafarge aims to double Chinese capacity14 June 2010, Published under Cement NewsLafarge aims to double its production capacity in China, where it currently generates 10% of its output. The group’s CEO Bruno Lafont reminded that this target was set two years ago. The Chinese production capacity of Lafarge represents 24Mt, which is the equivalent of its Western-European capacity. Lafont stressed that thanks to the sites’ extensions in the country, the company will be able to boost its output to 35Mtat the end of this year and to 40Mt in 2011. Source: Les Echos |