Cement News tagged under: Weekly Newsletter
Lafarge to buy out Baring stake in Indian unit16 June 2015, Published under Cement NewsAs part of the implementation in India of its planned merger with Holcim - and subject to its completion - Lafarge has signed an agreement to acquire the 14 per cent stake held by Baring in Lafarge India, for a consideration of EUR270m. Following this transaction, subject to the approval of the regulatory authorities, Lafarge will hold 100 per cent of the shares of Lafarge India. |
Indonesian monthly consumption declines by 7.9%15 June 2015, Published under Cement NewsIndonesian consumption remained weak in May, declining by nearly eight per cent, latest data from the Indonesia Cement Association shows. Cement demand fell by 7.9 per cent in May 2015 to 4.78Mt. Consumption during the month was down in all areas, with Kalimantan seeing the largest regional drop (-24.3 per cent) followed by Maluk & Irian Jaya (-16.2 per cent) and Sulawesi. On the main island of Java, demand fell by 8.7 per cent, with the biggest declines in Jakara (-14.5 per cent), Banten... |
MPA: Facts at a Glance12 June 2015, Published under Cement NewsAt its 6th Members’ General Assembly held on Wednesday, the MPA released the third edition of its ‘Facts at a Glance’ publication, offering a comprehensive insight into the essential contribution the mineral products industry makes to the economy and the UK in general, and some of the challenges it faces. The headline figures at a glance are: • 300Mt – GB production of aggregates and manufactured mineral products • GBP21bn – mineral products industry’s annual turnover • GBP6.7bn – tot... |
Camargo Correa reportedly looking to sell stake in InterCement10 June 2015, Published under Cement NewsCamargo Correa is looking to sell a stake in cement maker InterCement for up to BRL3.6bn (US$1.2bn) to make new overseas investments, according to a report in Brazilian daily newspaper Folha de S Paulo. Camargo Correa is looking to sell between 10-18 per cent of InterCement for between BRL2bn-3.6bh, the newspaper reported on Tuesda. Folha reported that Camargo Correa's hefty BRL8.2bn of debt had led the company to seek a minority partner in order to take advantage of opportunities to grow ... |
Taiheiyo Cement's Singapore additions10 June 2015, Published under Cement NewsTaiheiyo Cement, which operates a cement terminal in Singapore through Singapore Cement Manufacturing (SCMC), a joint venture with Singapore-based Hong Leong Asia Ltd, announced the completion of a new 24,000t cement silo at SCMC's cement terminal. Infrastructure investment, including subway and highway construction, is driving the robust cement market in Singapore and fueling demand for low-heat-type cement as a way to prevent thermal cracking in concrete structures with large cross-sect... |
Pakistan increases duty on imported cement09 June 2015, Published under Cement NewsPakistan's Finance Minister, Ishaq Dar, has proposed a number of measures under Budget FY15-16 that will have a direct and indirect impact on the cement industry and which are likely to help increase demand in the country. The proposals include an increase in the duty on imported cement, rationalisation of the tax structure for the cement industry and housing development, a significant rise in spending under the government's Public Sector Development Programme (PSDP), a five-year tax holi... |
ARM Cement ratings affirmed, Kenya09 June 2015, Published under Cement NewsGlobal Credit Ratings has today affirmed the national scale ratings assigned to Kenyan cement producer ARM Cement Ltd of A(KE) and A1(KE) in the long term and short term respectively, with the outlook accorded as Stable. Summary rating rationale Global Credit Ratings (GCR) has accorded the above credit rating(s) to ARM Cement (ARM) based on the following key criteria: ARM is becoming an increasingly important player in the East African cement industry, with its market share having grown... |
Prosperity considers Anhui Chaodong transaction08 June 2015, Published under Cement NewsProsperity Minerals Investment Ltd (PMIL), a wholly-owned by Prosperity International, is contemplating a transaction involving Anhui Chaodong Cement Co Ltd (ACC), a company whose shares are listed on the Shanghai Stock Exchange (SSE) and in which PMIL holds about 18.06 per cent interests. ACC has applied to the SSE for the suspension of dealings in the shares of ACC for five trading days commencing from today, reported ET Net News Ltd. |
Dangote inaugurates Ethiopian cement plant05 June 2015, Published under Cement NewsDangote Cement has inaugurated its US$480m integrated cement works in Ethiopia in the presence of Prime Minister Hailemariam Desalegn. The new facility has a capacity of 2.5Mta and is located in West Shewa Zone, near Muger town of Oromiya Regional State, about 85km from the capital Addis Ababa. During the inauguration ceremony yesterday, Aliko Dangote, owner of the Dangote Group, said: "The ease of investing in Ethiopia proves the enduring political stability in the country and a favourable... |
US monthly shipments ahead, imports up 66%04 June 2015, Published under Cement NewsPortland and blended cement shipments in the US and Puerto Rico in March 2015 rose by 3.5 per cent YoY to 6.3Mt, latest data from the US Geological Survey (USGS) show. Shipments for the year through March totalled 16.4Mt, up by 5.7 per cent from the same period of 2014. The leading producing states for Portland and blended cement in March were California, Texas, Missouri, Florida and Alabama, in descending order. The leading consuming states (Texas, California, Florida, Georgia and Arizona,... |