Quarry Products

A total of US$40 million (€35.87 million) is being invested by Holcim Philippines to raise capacity.

The money will largely be used for the de-bottlenecking of current facilities. Such move will be able to increase the output of cement to 10 million tonnes through 2017.

According to Eduardo A Sahagun, CEO and president of Holcim, financing the capacity expansion is not an issue as the company has ample cash and very little debt.

Some PHP 2 billion has been set aside by the company for capital expen

The creditor banks of Sacci, the Italian cement manufacturer, are reported to have rejected the 99.5% acquisition bid launched by Buzzi Unicem, the other leading Italian cement maker. The €120 million offer had been accepted by Sacci.

Asia Cement posted a 15.8% on-year drop in its January-March 2015 revenue to CNY 1.35 billion (€194.71 million/US$217.10 million).
Also, the Taiwan-based company reported a 99.97% decline in its profit to CNY 37,000 (€5,344.33/$5,959.07) during the quarter.

Sales of cement maker Holcim Indonesia declined by 4.5% from a year ago to IDR 2.25 trillion (€154.76 million/US$173.11 million) in the first quarter of 2015.
Cost of sales for the company under the Holcim Group of Switzerland expanded by 3% to IDR 1.72 trillion.
Its net income decreased from IDR 323.60 billion to IDR 32.70 billion due to increasing costs and lower demand.

The Irish international building materials group, CRH, says it expects further progress in the second half of 2015, with group EBITDA from continuing operations in H2 expected to be ahead of 2014.
The group, which will report its interim results for the six months ending 30 June 2015 on 27 August, revealed this in an interim management statement for the period 1 January 2015 to 30 April 2015. Its annual meeting is in Dublin tomorrow (Thursday).
The statement says that looking ahead to the second half of t

Metso will deliver six Lokotrack range mobile crushing plants to Shimizu Corporation to assist in a major landfill project being carried out in the 2011 tsunami area in the Tohoku region of Japan.
The new-generation LT120 model crushing plants will be used to crush 6-7 million tonnes of aggregates on a demanding project schedule.
The earthquake and tsunami caused significant sinking of the ground level in several coastal areas in the northern part of Honshu island. Before new construction works can begin,

Russian construction company BaltMostStroy has been using a Sennebogen 7700 crawler crane to build bridges along a new freeway route

The 300tonne capacity crawler crane has been used to lift prefabricated parts weighing as much as 100tonnes onto the concrete foundations. LLC Lonmadi in St Petersburg is Sennebogen’s Russian sales and service partner and supplied the contractor with the 7700 crawler crane. This versatile crawler crane is being used on demanding infrastructure construction work in Russia. A