Cement News tagged under: corporate
Martin Marietta to take over Texas Industries29 January 2014, Published under Cement NewsMartin Marietta Materials, currently the fourth-largest US aggregates producer, is making an agreed, all-share offer for Texas Industries. If concluded, it will leave existing Martin Marietta Materials shareholders with around 69 per cent of the combined equity, with the remaining 31 per cent going to the existing owners of Texas Industries. Martin Marietta will thereby enter the cement industry and the merged entity will control some 400 quarries, pits and distribution points across 36 ... |
Spanish cement demand drops 19% in 201329 January 2014, Published under Cement NewsThe Spanish cement market contracted by a further 19.2 per cent in 2013, bringing national cement consumption to 10.981Mt from 13.597Mt the previous year, according to Oficemen, the cement association of Spain. The country’s cement producers, who experienced the sixth-consecutive year of double-digit decreases, were forced to rein in output by 14.9 per cent, producing 13.17Mt during the year. Exports, which provided a lifeline against slinking domestic sales, saw a notable slowdown in ... |
Cimko to receive IFC loan, euro syndicated loan29 January 2014, Published under Cement NewsThe IFC is to provide a long-term financing package to Turkish cement producer Cimko to back investments in the ready-mix concrete segment and energy efficiency, the international lender has said. The debt facility includes a US$40m loan for IFC's own account and a syndicated loan of EUR18m from BNP Paribas Fortis SA/NV mobilised by IFC. The IFC said the project is expected to strengthen Cimko's competitiveness and increase employment in the southeast Anatolia region of Turkey,... |
Holcim Romania appoints new director general29 January 2014, Published under Cement NewsFrancois Petry has been appointed director general of Holcim Romania, effective 1 February 2014, replacing Daniel Bach. Bach has recently been appointed Area Manager for southeast Asia and will be responsible for Holcim subsidiaries in Indonesia, Thailand, Philippines, Vietnam, Malaysia and Singapore, Holcim Romania said in a statement. “Romania is one of the most important markets of Holcim Group in Europe, with significant growth potential [...] It’s not going to be an easy job, as the e... |
China National Building Materials28 January 2014, Published under Cement NewsCNBM International Engineering, part of China National Building Materials (CNBM), is working alongside FLSmidth to supply a new production line for Qatari cement producer Al Khalij Cement. The line is due to be installed at Al Khalij’s plant in Umm Bab, east of Doha, and is a duplicate of the plant’s existing line, also supplied by FLSmidth in 2007. The project includes all main equipment for the production line: conveyor transport systems, mills, complete pyro line, electrical and automa... |
PT Indocement28 January 2014, Published under Cement NewsPT Indocement, a HeidelbergCement company, has yet to report its figures for 2013, but rumours abound that a slowdown in the Indonesian economy has resulted in the company losing market share on the back of disappointing sales. High interest rates and weak external demand have hit the country’s economy hard. The government has responded with a predicted US$35bn investment spend in infrastructure from 2014, including eight seaports, two airports, eight railways, five power plants and 11 wa... |
Anhui Conch Cement Co28 January 2014, Published under Cement NewsShares in Anhui Conch climbed 4.6 per cent in Hong Kong and 2.2 per cent in Shanghai in mid-January following the announcement of a predicted 50 per cent jump in net profit for 2013. According to the company, the positive outlook is due to increased demand, higher selling prices and a drop in the price of coal. With the Chinese government’s drive to consolidate cement production well underway, Anhui Conch is planning to expand through acquisition adding an estimated 30Mta of capacity over... |
Cementos Argos28 January 2014, Published under Cement NewsCementos Argos has announced the acquisition of the Florida cement and concrete operations of Vulcan Materials Co for US$720m in cash. The deal includes a cement plant in Newberry, cement terminals and grinding facilities in Tampa and Port Manatee as well as 69 ready-mixed concrete sites and 13 concrete block and building material sites in Florida and South Georgia. “This new transaction fits perfectly with the company’s growth strategy, not only for the size and quality of the assets but... |
PT Semen Indonesia28 January 2014, Published under Cement NewsJanuary 2014 marks the first year anniversary of PT Semen Indonesia (Persero) Tbk, renamed from PT Semen Gresik (Persero) Tbk. In 2013, Semen Indonesia’s sales volume increased 27 per cent to 27.8Mt, compared to 2012. Net income was up 26 per cent, operating profit rose by 23 per cent and EBITDA grew by 25 per cent. Unaudited reports put net profit for the year up 14 per cent to US$410m with revenue growth of 12 per cent to US$1.8bn. According to Reuters, the company expects to see revenue g... |
Dangote Cement28 January 2014, Published under Cement NewsDangote Cement has signed a preliminary joint-venture agreement with an undisclosed company in South America as part of its ongoing expansion drive. Three South American countries have reportedly been earmarked for entry by the Nigerian cement giant. The company already has three plants in Nigeria with a third and fourth production line currently being added at the 6Mta Ibese plant and another 3Mta line being installed at its plant in Objana. Beyond Nigeria, Dangote is currently expanding... |