Cement News tagged under: international
China: policy to curb overcapacity to face implementation issues?22 September 2009, Published under Cement NewsNew policies meant to reduce overcapacity of cement production may not work for two or three years due to implementation difficulties and conflicts of interest among local governments, a market analyst said on Monday. The National Development and Reform Commission (NDRC) and the Ministry of Industry and Information Technology (MIIT) will pass new industry guidelines to phase out China’s 600 million tons of small-scaled production capacity over the course of three years starting 2010, report... |
Cemex’s share sale may need 10% discount22 September 2009, Published under Cement NewsCemex, the largest cement maker in the Americas, may have to sell shares at a discount of as much as 10 per cent to market price as it competes for investor funds, according to Actinver SA. Cemex, which is seeking to raise at least US$1bn to pay down debt, plans to sell stock September 22. “There’s a lot of paper trying to come through,” said William Landers, who oversees about $6 billion in Latin American stocks at BlackRock Inc. in Plainsboro, New Jersey. “They are definitely going to h... |
Cemex is raising €1,057m22 September 2009, Published under Cement NewsThe sale of participation certificates, which has just been priced, is set to raise some UIS$1,549m (€1,057m). The sale of participation certificates, rather than a traditional issue of equity will leave voting control firmly in the hands of the present shareholders. The amount of fresh risk-bearing capital amount raised is almost exactly half of the €2,115m that HeidelbergCement is raising in new equity, even though Cemex is somewhat more highly geared than HeidelbergCement. The Ce... |
Thailand: Jalaprathan Cement celebrates its 53rd anniversary22 September 2009, Published under Cement NewsJalaprathan Cement, the Italcementi Group’s Thai subsidiary, celebrated its 53rd anniversary with two ceremonies at the Cha-am and the Takli cement plants. The employees at the Cha-am plant took part in the “Golden Naga Scholarship”, an initiative to raise funds for needy children in the 14 schools in the local community who show particular distinction in their studies. A similar initiative was organized at the Takli cement plant, which raised funds for a hundred disadvantaged students at ... |
Demand for clean coal buoys SCT, Thailand21 September 2009, Published under Cement NewsSCT, the international trading arm of Siam Cement Group, Thailand’s largest industrial conglomerate, expects revenue from its coal business this year to be almost the same as last year, at Bt10bn, because major customers have slowed their orders. However, its profit this year is expected to be higher than last year due to the high margin from small customers. The number of small clients this year has increased by 30 per cent from last year. Kalin Sarasin, managing director of SCT, said tha... |
Peru: cement market to expand 6% in 200921 September 2009, Published under Cement NewsScotiabank estimates the Peruvian cement market to expand by 6% in 2009, taking in account that from Jan - Aug sales were 4.45Mt, up 3,58% from equal period in 2008 (4.29Mt). Cement production was 4.51Mt, up 20,6% from last year 3.42Mt). Exports were 925.8Mt less 98,15% from equal period last year. Information is gathered from Cementos Lima, Cementos Pacasmayo, Cemento Andino, Cementos Yura, Cementos Selva and Cementos Sur. Scotiabank analyst Pablo Nano says demand is being pushed by infrast... |
Indonesian cement sales to improve on state-funded projects21 September 2009, Published under Cement NewsCement sales in Indonesia are predicted to improve in the second half of the year since demand is set to increase as the government’s infrastructure projects, get under way according to the Industry Ministry. "Cement sales began to pick up in August and this is expected to continue until the end of the year due to infrastructure maintenance projects that have been started since the middle of this year," the Ministry’s director general for agriculture-based and chemistry industries Benny Wah... |
Cabello creates Corporacion Socialista del Cemento, Venezuela21 September 2009, Published under Cement NewsDiosdado Cabello, Venezuela’s Ministro de Obras Publicas y Vivienda, has founded a new state group named Corporacion Socialista del Cemento SA, as authorised by national president Hugo Chavez on July 28 at a cabinet meeting. The new corporation will produce and sell cement and its derivatives as well as exploit quarries etc. It starts up with capital totalling BF$10mil, put up by the Ministerio de Obras Publicas y Vivienda. Chairman of the shareholders’ board will be Diosdado Cabello whilst ... |
Bayelsa outlines partnership with Dangote, Nigeria20 September 2009, Published under Cement NewsBayelsa State Government has said its involvement with Dangote Group on the sole distribution of cement in the state was with a view to reducing prices and promoting the building of affordable houses in the state. Director General of the state’s Micro-Credit Administration Agency, Mr. Tom Owugha, said the claims by the opposition in the state that the state government’s partnership with the cement company was political was not only incorrect and misplaced, but also that the issue of quick a... |
Coboce Irpa Irpa increases production, Bolivia18 September 2009, Published under Cement NewsCelebrating its 37th anniversary yesterday, Bolivian cement producer Coboce, is now planning a stage of extension and modernisation of its facilities in Irpa Irpa, Capinota. The new upgrades will enable Coboce to increase its production to 400,000t. In the month of March, Coboce already produced an average of 38,000 bags per day compared with 22,000 in February (an increase of 72.7% more), of a product that consolidates every day more in the Bolivian market. To mark the producers annive... |