Cement News tagged under: international
Cemex Announces Completion of Global Offering29 September 2009, Published under Cement NewsCemex announced that a total of 1,495,000,000 Ordinary Participation Certificates (CPOs), directly or in the form of American Depositary Shares (ADSs), were sold in a global offering completed today. The underwriters fully exercised their options to purchase additional CPOs and ADSs to cover over-allotments. Of the 1,495,000,000 CPOs offered, 1,121,250,000 CPOs, directly or in the form of ADSs, were sold in the United States and elsewhere outside of Mexico and 373,750,000 CPOs were s... |
Pakistan: APCMA chairman elected29 September 2009, Published under Cement NewsBrig (R) Asmat Ullah Khan Niazi of Askari Cement Ltd has been unanimously elected as Chairman of the All Pakistan Cement Manufacturers Association (APCMA), said the announcement of election results for the term 2009-2010. In an annual general meeting of the APCMA held on Saturday at the APCMA secretariat Lahore, it said Kamran Rasool of Dandot Cement Ltd and Muhammad Ali Tabba of Lucky Cement Ltd have also been unanimously elected as Vice Chairmen of the association. Other el... |
Qatar cement prices drop by 72 per cent29 September 2009, Published under Cement NewsConstruction Week reported that Qatar’s construction industry has been buoyed by a relaxation on import rules, reducing shortages of materials and creating a drop in prices. As per report, prices for cement have now fallen to QAR 14 per bag down 72% from a high of QAR50 a few months ago. Qatar has faced shortages caused by a construction boom since 2004. Qatar National Cement Company reported that adequate cement for Qatar’s requirements was now available thanks to an increase in productio... |
Cementos Argos third-quarter results ‘excellent,’ Sierra says25 September 2009, Published under Cement NewsCementos Argos SA, Colombia’s biggest cement maker, will report “excellent” third-quarter results, Chief Financial Officer Ricardo Sierra said. Sierra, speaking at an Interbolsa equity conference in Medellin, said sales in the Caribbean will offset a drop in revenue from the U.S. “The results in Colombia and the Caribbean are very strong and we are very happy,” Sierra said. The comparison to last year’s third-quarter results, which came in the midst of the global recession, will help boost... |
Hawaiian Cement seeks vandals25 September 2009, Published under Cement NewsHawaiian Cement officials hope a $5,000 reward will help find out the person or persons responsible who used a Caterpillar front-end loader to "wreak havoc" at the company’s quarry and cement-making plant in Puunene. "The damage is extensive," said Mike Coad, vice president of Hawaiian Cement. "We’re estimating $3m." The heavy equipment, which is owned by Hawaiian Cement, was used to knock over large vehicles, punch holes in buildings and attempt to knock over the plant’s motor control cen... |
Texas holds up better than California25 September 2009, Published under Cement NewsTexas Industries has reported a 28.3% drop in turnover in its first trading quarter to the end of August to US$184.0m. The EBITDA was off by 5.3% to US$30.4m and after a 47.2% rise in the net interest charge to US$13.2m, the pre-tax profit fell by 78.8% to US$3.3m. Capital investment in the period was slashed by 93.9% to US$5.4m as further work on the Hunter cement works in Texas was suspended. Net debt at the end of the period stood at US$510.4m to give a gearing of 63.4%. At the Texas In... |
Lafarge US moves headquarters25 September 2009, Published under Cement NewsLafarge North America Inc. is moving its headquarters from Herndon to Reston in 2010. The company signed a 10-year lease for 63,000 square feet at 12018 Sunrise Valley Dr., also known as Two Reston Crescent. It will be downsizing from the 80,000 square feet of space it currently resides in at 12950 Worldgate Dr. in Herndon. |
Holcim says not in Venezuela compensation talks25 September 2009, Published under Cement NewsHolcim denied on Thursday that it was in talks with the Venezuelan government over a possible agreement on how much Venezuela should pay for its nationalised unit. Public Works Minister Diosdado Cabello had said on Wednesday Venezuela was in talks with Holcim after it reached a deal to pay Lafarge more than US$250m for factories it nationalised last year. "We are not in any discussions with the Venezuelan government. We are still focusing on settling the dispute at the Court of Arbitrati... |
Indonesia to become cement importer by 201125 September 2009, Published under Cement NewsIndonesia is forecast to become a net importer of cement in 2011 when the country will need to import around 200,000t. Imports are needed with delay in the implementation of plan to expand the domestic production capacity amid growing consumption, said Erwin Aksa, the CEO of the Bosowa Group, one of the country’s cement producers. Capacity expansion is expected to come to reality only in 2012 or 2013, therefore, there will be shortfall in domestic supply that has to be covered with imports... |
EBRD discusses projects in Azerbaijan25 September 2009, Published under Cement NewsThe mission of the European Bank of Reconstruction & Development (EBRD) has paid a visit to Azerbaijan. Well-informed sources say that the mission conducted consultations with partners and the government discussing valid and future projects in the country. Among them credit facilities for cement producer Garadagh Cement (it was endorsed but not signed) and Azerbaijan Methanol Company (AzMeCo), and on acquisition of a 10% equity stake in card-processing company Milli Kart. The EBRD, whose p... |