Cement News tagged under: Nesher Cement Enterprises

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Israel: government notifies Nesher on price cut

29 February 2016, Published under Cement News

The government of Israel has notified Nesher Cement Enterprises Ltd that it must cut prices due to lower-priced inputs, local press have reported. Following a drop in the prices of raw materials for making cement, mainly oil prices, the Ministers of Finance and the Economy notified Nesher Israel Cement Enterprises Ltd of a 5.35 per cent cut in the price of cement. The revision was according to a procedure stipulated in the arrangement with Nesher signed in September 2014. The Ministry of F...

Clal Industries to expand power plant capacity

30 August 2012, Published under Cement News

Clal Industries and Investments, controlled by Len Blavatnik, subsidiary Mashav Initiation and Development Ltd, is to expand capacity at its private power station which provides electricity to Nesher Cement Enterprises of Israel. With an investment of US$90m, capacity at the station is to be increased initially by 50MW and thereafter by 70MW. Mashav is 75 per cent owned by Clal Industries and 25 per cent owned by CRH. In 2010, Mashav’s 50W natural gas-driven power station secured a 20-yea...