Cement News tagged under: international
Strabag exits Russian cement venture30 September 2008, Published under Cement NewsConstruction firm Strabag SE said Monday it is pulling out of a joint venture with a unit of Basic Element, the holding of Russian metals magnate Oleg Deripaska, as developers battle tougher global financial conditions. Strabag, in which Deripaska acquired a 25 per cent stake last year, said it made its decision to exit the deal with BaselCement in light of falling cement prices in Russia after the removal of import tariffs and the expansion of production capacity. "In the worldwide financ... |
Eurocement buys into competitor30 September 2008, Published under Cement NewsEurocement, Russia’s largest integrated building materials group, announced last week that it had bought a 6.5 per cent stake in Swiss firm Holcim, the second-largest cement manufacturer in the world, a move which shows that some of the country’s industrial companies remain strong despite the global financial crisis. "We have invested in Holcim on the basis of our knowledge of the industry and taking into account the company’s industrial know-how and future prospects,’’ Thierry Sauvaire, ch... |
Minerals Corp forms US ’green’ cement joint venture29 September 2008, Published under Cement NewsMinerals Corporation Ltd has signed a heads of agreement with Oldcastle APG, the North American arm of CRH plc. Oldcastle APG enjoys a market leadership position for paver products in the USA. The agreement envisages a 50/50 equity joint venture to manufacture and market "green" cement products that will be suitable for the production of pavers, a high-volume business segment. |
Italcementi celebrates 10 years in Lanka29 September 2008, Published under Cement NewsThe Italcementi Group has completed 10 years of operations in Sri Lanka, having sold over 2Mt of cement during this period. The Italcementi Group commenced operations in Sri Lanka in April 1998 as a BOI company with the objective of introducing advanced concepts for cement imports via a Floating Cement Silo Vessel (FCSV) for the handling, storage, packing and distribution of its cement The Company known locally as International Cement Traders [Pvt] Ltd.(ICT) markets its own... |
SCG reviewing investments in a volatile market29 September 2008, Published under Cement NewsThe Siam Cement Group (SCG), Thailand’s largest industrial conglomerate, will review its investment plans in light of high market volatility and the slowing global economy. SCG has already delayed a new chemical complex in Vietnam due in part to market volatility. ’’We are still not sure how deep the impact of the US crisis will be. While we are feeling little impact now, it will be better if we prepare for the unexpected,’’ said Roongrote Rangsiyopash, the group’s chief financial ... |
Holcim Bulgaria Merges Two Building Materials Makers29 September 2008, Published under Cement NewsHolcim Bulgaria on Friday officially merged building materials maker Remos Beton and concrete mixtures producer Komars in a bid to become the market leader in the region of Plovdiv where the two companies are based. "[The new company] Holcim Concrete Plodvdiv will have a market-leading position with a 25% share in the Plovdiv region in competition with 35 area companies," Holcim Bulgaria said in a statement. The company is expected to generate 24 million levs ($17.9 million/1... |
Dyckerhoff concern and Orenburg region agreed on plant construction29 September 2008, Published under Cement NewsDyckerhoff AG, a German cement concern, and Orenburg region have signed an agreement on large cement plant construction in Akbulak settlement. The ceremony of signing has taken place at VII International investment forum called Sochi-2008. Plant capacity will make about 2Mt of cement per year. Total investment volume into the project is about EUR400m. |
’No plans’ to axe production jobs at Clitheroe, UK26 September 2008, Published under Cement NewsBosses of a credit-crunch hit building firm have pledged that production will not be reduced at its Clitheroe plant, according to the Lancashire Telegraph, UK. Fears have circulated that jobs could be axed at Castle Cement in Clitheroe as the parent company of the site, Hanson Building Products, announced cuts at factories across the country. But boses said that only a national reduction in distribution drivers may affect a small number of staff at the site. Hanson has announced that nati... |
Texas holds up while California drops26 September 2008, Published under Cement NewsIn its first trading quarter, to the end of August, Texas Industries’ turnover declined by 2.7% to US$256.4m and the pre-tax profit was down by 13.5% to US$17.2m. Group cement volumes fell by 5.6% to 1.Mt (1.22Mst) while the cement turnover was down by 9.7% to US$111.4m. The average cement price achieved declined by 4.5% to US$100.78/t (US$91.43/st). Average cement prices improved by 1% in Texas, but deliveries in California dropped, by 8% in bulk cement and by 12% for bagged cement. A... |
Sabah no longer faces cement shortage, says CIS25 September 2008, Published under Cement NewsAccording to Datuk Aslie Awang Hashim, chief executive officer of Cement Industries (Sabah) Sdn Bhd (CIS, a cement shortage no longer exists in the country. He said there should be sufficient supply although market demand for cement is about 1.12Mt for the State, an increase of between two and three per cent. "Our grinding plant in Sepanggar is capable of producing up to 900,000tpa but due to breakdowns and power outages, which is normal, it produces between 720,000 and 750,000t of cement... |