Cement News tagged under: international
EAPC fuel switch, Kenya11 June 2010, Published under Cement NewsEast African Portland Cement soon intends to shift its source of energy from oil fuel to coal as other increasing number of local companies set to start generating their own electricity to help lower power costs, improve reliability of supply and add new sources of revenue. The company has already announced plans for a coal plant that includes the recycling of waste heat from its kilns. "Cost of power has become a major concern for every industry, and we don’t see the cost of power coming ... |
Responsible sourcing accreditation for Cemex UK11 June 2010, Published under Cement NewsCemex have announced that all the main product divisions in their UK business have been certified to the Building Research Establishment (BRE) Framework Standard for the Responsible Sourcing of Construction Products – BES6001. The company now claims to have the best portfolio of responsibly sourced products in the industry including the company’s aggregates, ash, cement, ready-mixed concrete, asphalt and building products, totalling around 400 sites across the country. The certification me... |
Anhui Conch to pay cash dividends, China11 June 2010, Published under Cement NewsAnhui Conch Cement said that it will pay cash dividends of CNY0.35/ share held, according to a company announcement. In addition, the company will distribute stock dividends of one share for every share held. The ex-dividend and ex-rights dates are June 21. Based on its total share capital of CNY1.766bn shares at end 2009, the company expects to pay a total of CNY618.25m in cash dividends. Anhui Conch will have an enlarged share capital of CNY3.532bn shares upon the distribution of the s... |
Vietnam: Cement consumption falls as building slows11 June 2010, Published under Cement NewsVietnam consumed 19.67Mt of cement in the first five months of the year, 39 per cent of the annual target, according to the Ministry of Construction. In May, the volume reached 4.3Mt, a decrease of 14.2 per cent compared to the previous month. The ministry explained that rising steel prices were to blame for the drop in construction work. According to the ministry, the country’s demand for cement is estimated at about 50Mt in 2010, an increase of 11 per cent over 2009. - VNS |
Al Baha Cement Co established, Saudi Arabia11 June 2010, Published under Cement NewsSaudi Arabia’s Al Baha Chamber of Commerce and Industry Al Baha Chamber of Commerce and Industry is planning to set up a cement company at an expenditure of SAR1.2bn (US$320m). The new firm will be named Al Baha Cement Co. Abdullah Musaed Al Mo’jab, the chamber’s chairman has announced that half of the founding capital of the cement company will be offered to the inhabitants of Al Baha region. |
Taiwan Cement expects China plant turnaround in 2Q10 June 2010, Published under Cement NewsTaiwan Cement Corp, which has plants based in China’s Guandong and Guangxi provinces, recently predicted profitability in the second quarter of this year. Despite a shipment decrease of 200,000t in the above-mentioned plants in May from the previous month, Taiwan Cement has raised selling prices by 20%. Taiwan Cement vice president C.C. Huang attributes the decrease in May shipment to the floods in Guangdong province in mid-May, resulting in shipment of only 2Mt of cement from plants... |
Ten entities finance Acciona’s Eurus wind farm in Mexico10 June 2010, Published under Cement NewsAcciona Energy was recently granted the construction and operation of another three wind farms in the state of Oaxaca (Mexico) with a total capacity of 306 MW. Most of the entities are public capital companies whose mission is to finance sustainable projects in developing countries. The credit deal reached yesterday is the biggest ever signed in Latin America for a renewable energy project. Ten financial entities, mostly linked to global or regional public institutions -some of them spec... |
ADB awaits government’s sanction for Garadagh loan10 June 2010, Published under Cement NewsThe Asian Development Bank (ADB), that approved a EUR20m loan to help Garadagh Cement in Azerbaijan to expand output and improve fuel efficiency, still cannot carry out financing. The Baku-based ADB representative office informs that signing of the loan agreement and physical allocation of finances depend on Azerbaijani government. “This financing can be conducted only after the government makes an official notification of lack of any objections for this operation,” the ADB office said. ... |
Lafarge: Algeria cement market growing10 June 2010, Published under Cement NewsLafarge General Manager Luc Callebat believes cement market in Algeria is growing and the current local production can not meet local demand thus the need for importation. Lafarge had acquired Egyptian Orascom cement unit in Algeria and has produced in 2009 some 7.5Mt of cement in various plants in the North African country. Lafarge according to General Manager is planning to increase production capacity by the year 2011 and would also need to import raw material to supply its local cust... |
India’s ACC May cement shipments fall 4%10 June 2010, Published under Cement NewsIndia’s No. 2 cement producer ACC Ltd said on Wednesday shipments in May fell four per cent from a year earlier to 1.75Mt. The company, in which Holcim holds more than 46 per cent, said production in May was at 1.81Mt, unchanged from the year-ago period. |