Cement News tagged under: Corporate
Dontsement increases cement production13 January 2006, Published under Cement NewsIn December 2005, the Dontsement company (Amvrosiivka, Donetsk region), increased cement production by 62.2 per cent or 23,000t compared with December 2004, to 60,000t. According to the company statement, in December the company increased clinker production by 132 per cent or 29,700t compared with December 2004, to 52,200t. Dontsement operates six cement kilns and has a total capacity of about 2Mt of cement per year. In December HeidelbergСement company through its Danish affiliate office ... |
Dutch authorities fine concrete producers13 January 2006, Published under Cement NewsDutch anti-cartel watchdog Nederlandse Mededingingsautoriteit (NMa) has fined 10 concrete mortar producers Euro 6.0m due to unfair price agreements, NMa said on January 12, 2005. According to NMa, the fines size varies from Euro 82,000 euro to Euro 873,000. NMa stated that in the period 1998-2002, the 10 companies located in the western Zuid-Holland province and in the central province of Utrecht, have informed each other about the price changes they intend to make, after which they base... |
Cimpor investing in S Africa capacity expansion13 January 2006, Published under Cement NewsCimpor is now investing Euro 66.5m on a 60 per cent increase in its cement and clinker production capacity in South Africa to 1.6Mta, Jornal de Negocios reported. Spending on the project began last year and is scheduled for completion at the end of this year, the business daily said. The expansion is focussed on Cimpor’s Natal Portland Cement subsidiary in KwaZulu-Natal province, the report said. |
Thailand’s cement industry: Peak season in 1Q0612 January 2006, Published under Cement NewsWhile mega projects are expected to be a growth driver for cement demand, the 5-8 per cent growth expected for this year has not yet factored in these projects. Domestic cement price should increase, though not significantly in the near term, while margin improvement is expected from lower energy costs, which should be positive to overall profitability (writes KGI Securities). Among cement producers, SCC is preferred, as SCCC, though a pure cement producer, is very expensive, trading at PE of... |
Saudi Qassim Cement invites Candidates for board members11 January 2006, Published under Cement NewsSaudi cement producer Qassim Cement Company (QCC) has invited all shareholders willing to apply for board members to submit their applications by February 2, 2006. The new board will be elected for a three-year term starting January 1, 2007, following an approval by the company’s general shareholders’ meeting. Every holder of at least 200 shares in Qassim Cement can apply for a board position. |
French Morillon Corvol Buys Ets Charroy10 January 2006, Published under Cement NewsFrench construction aggregates company Morillon Corvol, part of Mexican cement group Cemex, acquired on January 1, 2006 the company Ets Charroy which operates a calcareous aggregates quarry in Gudmont, northeastern France. The move will enable Cemex to strengthen its positions in eastern France, boost sales and ensure regular deliveries to the Ile-de-France region. The Gudmont query represents a source of 2.0Mta of aggregates with reserves of over 60Mt on the base of exploitation licenc... |
Gujarat Ambuja describes Holcim plan as `speculative’09 January 2006, Published under Cement NewsGujarat Ambuja Cement Limited (GACL), which has entered into a strategic alliance with Swiss cement major Holcim, described as ‘speculative’ the overseas firm’s plan to acquire stake in the Indian company. When asked whether Holcim, which has already entered into a strategic alliance with GACL, was keen to pick up stake in the company, sources in GACL told PTI from Mumbai "it is entirely speculative in nature". The GACL source said that the strategic alliance had been forged to form a... |
Saudi Arab Cement profit up09 January 2006, Published under Cement NewsSaudi Arabia’s Arab Cement has reported 2005 net profit of SR333m (US$88.80m), up 8.7 per cent from the last year’s figure which was inflated by a one-off capital gain. The firm’s operating income rose 45.3 per cent from 2004 to SR324m, a statement said. "Net profit rose only 8.7 per cent in 2005 because the previous year included profits of SR72m from selling investments in stocks," the statement said, adding that the figures were provisional. |
Cost-cutting key as growth momentum slows09 January 2006, Published under Cement NewsThe Siam Cement Group, the country’s largest industrial conglomerate, has forecast that the building material industry will be stagnant this year despite the continued growth in sectors such as low-income condominiums. "We’ve seen the downtrend of demand since last year as even the sales growth of our building products was a bit lower than the target," said Kajohndet Sangsuban, the president of Cementhai Distribution Co, the company’s building materials flagship. SCC, one of the lea... |
ClearWater may buy stake in SCL09 January 2006, Published under Cement NewsPrivate equity funds like ADM Capital and ClearWater Capital are in talks with the Saurashtra Cement (SCL) management to pick up a minority stake in the company. The board of directors of SCL will meet on January 14 to consider the equity sale. Sources said: "Many foreign funds have shown keen interest to pick up equity in SCL. We are in talks with them. The SCL board will meet on January 14 to consider the sale." However, they were reluctant to divulge the names of the funds. But sour... |