Cement News tagged: International
Govt to reject Rajawali bid for Cemex stake
The Indonesian government will turn down the request from Mexican-based cement giant Cemex to approve an offer from the Rajawali Group to purchase Cemex’s shares in state-owned cement maker PT S
Cement dealers in Central Mindanao warned
A cement manufacturer and trade officials have warned cement dealers and retailers in Central Mindanao against jacking up prices due to temporary supply shortage noted in the last few weeks due to rep
OCL India to raise funds for capacity expansion
OCL India Ltd is planning to raise funds to expand its Rajgangpur plant to 3.8Mta from 1.8Mta. Total cost of the capacity expansion programme has been estimated at US$150m. The project would be comple
Indonesia’s ’06 cement sales seen as flat
Indonesia’s domestic cement sales are expected to be flat this year after weak demand in the first quarter, a director of the country’s second largest producer said on Thursday. Indonesia&
Cement price discounts – eyewash
The Builders Association of India, which had approached the government against cement companies for steep hike in prices, today termed as an "eyewash" the cement manufacturers’ proposal to reduc
Holcim gets backing to build new cement plant
Holcim is reportedly keen to build a new cement plant costing some US$305m at Nyergesújfalu, a small town in northwestern Hungary, 53km from Budapest, along the Slovakian border, where the local gover
TX Active from Italcementi
Carlo Pesenti, Italcementi Group CEO, presented the launch of the industrial scale production and marketing of photocatalytic products manufactured with the TX Active® principle, the fruits of the Ita
Indonesian government may form consortium to buy Gresik stake
The government might form a consortium of state-owned companies to join Rajawali Corporation to take over the 24.9 per cent stake of Cemex in Semen Gresik (SG). The decision was made to minimize pros
Court rejects Russia Partners claim
The Moscow Arbitration Court rejected Tuesday a 3.35 billion ruble lawsuit filed by US-based investment fund Russia Partners against Russia’s Eurocement Group. The court rejected the lawsuit as
No effective way to curb cement prices
Short of bringing Indian produced cement under the Essential Commodities Act which would be seen as "too anti-free market" there is no other way to meaningfully and effectively control the retail pric
Construction pushes up production in Tanzania
Construction of houses and other infrastructural facilities in Tanzania have pushed up cement production, reaching 35,000 tons in the first quarter of this year, local media reported on Wednesday. The
Southern firms to hike cement prices
Going against instructions from the commerce ministry to reduce cement prices, companies in the south have actually hiked prices, saying that prices will always remain a function of the demand and sup
IFC offers loan to Chinese cement producer
The International Finance Corporation (IFC), the private sector arm of the World Bank Group,signed a US$50m loan agreement with Shanshui Group, a leading cement producer in east China’s Shandong
Cotu warns EAP over lay-offs
The umbrella workers’ union yesterday accused a local cement manufacturing firm of arbitrarily dismissing 115 workers. Cotu secretary general, Francis Atwoli, accused the management of the Athi
Indian prices under official pressure
Under pressure from the government, cement companies on Monday decided to offer five per cent discount on ruling prices to Central government departments. Central government purchases account for 10 p
Cement companies to work at full capacity
The cement cartel has decided to eliminate quota among local cement manufacturers ands cement manufactures have decided to utilise 100 per cent of their production capacity, according to sources in th