Cement News tagged under: international
Philippine cement industry takes a hit09 September 2009, Published under Cement NewsDemand for cement in the Philippines slowed last year, indicating that the Philippine cement industry was not spared from the debilitating effects of the global financial crisis. In an industry report released this month, the Cement Manufacturers’ Association of the Philippines (CEMAP) said demand for cement, as reflected by total consumption, grew by a mere 1.6% to 13.2Mt in 2008 compared to a robust 11.1% growth recorded the previous year. The lower turnout was on account of a slump in p... |
Indonesia’s Semen Gresik considers new cement plants09 September 2009, Published under Cement NewsIndonesia’s PT Semen Gresik is continuing to study the possibility of setting up new cement plants in several regions, including in East Kalimantan, to meet expected increase in domestic demand, a spokesman said. The company`s head of communications, Saifuddin Zuhri, told reporters on Tuesday, other regions under consideration for the new plants were located Sumatra, Java and Papua. “We will soon set up a team in connection with the plan and will possibly invite consultants from abroad for ... |
Southern Africa sales slide09 September 2009, Published under Cement NewsCement sales in southern Africa fell last month, the Cement and Concrete Institute said yesterday. Sales for August fell to 1.12Mt from 1.3Mt last year – a 14 per cent drop, the institute said. However, August this year had one less sales day than August last year. |
BUA acquires two cement firms, Nigeria09 September 2009, Published under Cement NewsOne of Nigeria’s emerging and fast growing indigenous conglomerates - BUA Group, has acquired Cement Company of Northern Nigeria Plc, (CCNN) in Sokoto and Edo Cement Company Limited (ECCL), located in Okpella, Edo State. BUA officials did not disclose details of the bid for the two companies but competent sources close to the negotiations put the cost of the acquisitions at $100 million (N15 billion). The estimate premised on about 700 million shares acquired at CCNN, which at the market p... |
Blackstone joint building materials venture09 September 2009, Published under Cement NewsPrivate equity firm Blackstone Group and other backers are investing up to US$780m in a newly formed company created to acquire building materials businesses, the investors said on Tuesday. The new company, named Summit Materials, will be led by Tom Hill, the former CEO of Oldcastle Inc, the U.S. division of Ireland-based building material group CRH. Other partners include investment group Silverhawk Capital Partners and Charles Goodyear, former CEO of BHP Billiton "Over the next 18-24 m... |
Teixeira Duarte wants to raise value of stake in Cimpor08 September 2009, Published under Cement NewsPortuguese builder Teixeira Duartehas defined as a priority the increase of the value of its stake in cement producer Cimpor, business daily Jornal de Negocios reported. Thus, the builder -- the biggest shareholder in Cimpor with 22.9% -- will require strong results and improved positions from Cimpor’s new management that stepped in last May, the daily added. |
NT-Prom to build $103m cement plant in Penza region08 September 2009, Published under Cement NewsInvestment company NT-Prom is to invest $103m in construction of a cement factory in Penza region, Russia Interfax reports. The plant is reportedly to produce cement and gas concrete from sugar production wastes. The plant is to be located in the village of Ushinka in the region’s Zemetchino district, where a large sugar plant is located. Timeframes for the project have yet to be disclosed. Source: SKRIN Newswire |
Nepal cement prices fall08 September 2009, Published under Cement NewsThe prices of bricks and sand, two major construction materials, have soared sharply in the market, as manufacturers and suppliers increased prices citing shortfall in supply. However, the prices of cement and steel rods have gone down, easing the overall cost of construction. Retailers said the price of bricks have soared 25 per cent over the last couple of weeks and gone as high as Rs 10,000 per thousand units. Even the low grade bricks presently cost Rs 8,000 per 10,000 units. The new ra... |
SCG confident on Philippines08 September 2009, Published under Cement NewsSCG has strong confidence in the people and economy of the Philippines, said Surasak Kraiwitchaicharoen, president of Mariwasa Siam Ceramics Inc. SCG operates four companies in the Philippines including Mariwasa Siam Ceramics Inc., United Pulp and Paper Co., Inc., CPAC Monier Philippines Inc., and Cementhai SCT (Philippines) Inc. Surasak recently participated in the panel discussion on “Business Relationship: Opportunities and Challenges” during “Thailand and The Philippines: Ties Beyond T... |
Oyak sees cement sales to keep apace with 2008 figures08 September 2009, Published under Cement NewsOyak Group, one of Turkey’s largest cement makers, expects 2009 to match or beat last year’s cement sales, while revenue is likely to rise about 10 per cent in 2010 due to falling interest rates, chairman, Celal Caglar told Reuters in an interview. Oyak, which is not publicly traded, owns four cement manufacturing plants in Turkey – Adana Cement , Bolu Cement , Unye Cement and Mardin Cement –which have a total cement production capacity of 14.1Mta. Turkey’s cement industry, which has seen ... |