Cement News tagged under: international
HeidelbergCement Continues to Invest in Georgia03 September 2008, Published under Cement NewsHeidelbergCement Company proceeds with its investment activities in Georgia regardless the recent developments in the country, - Meinhard Thrul, Country Director of HeidelbergCement Georgia said at a local news conference. According to him, for the maintenance of producing capacity company’s annual volume of investments makes GEL 20m. As for additional investments, they will depend upon the volume of sales and profit of the company. Meinhard Thrul said one of the company’s cement plants ... |
US$135.7m loan for Novoroscement, Russia03 September 2008, Published under Cement NewsGermany’s HypoVereinsbank (Munich) and Moscow’s Unicredit Bank have jointly provided a US$135.7m loan to cement manufacturer Novoroscement, Krasnodar region, sources in Unicredit Bank report. The funds are to be invested in a new dry-process cement production line at the Pervomaysky factory, Novoroscement’s asset just outside the city of Novorossiysk. The factory is to be commissioned in 2010 |
Two Vietnam cement makers to merge03 September 2008, Published under Cement NewsA contract on merging Cotec cement plant, an affiliate of Construction and Construction Material Joint Stock Company (Cotec), and Holcim Vietnam Cement Joint Venture (Holcim) will be signed September 3. Bao Viet Securities Joint Stock Company is the sole consultant for the contract that will become one among the biggest merger and acquisition (M&A) contracts consulted by a domestic company. Cotec cement plant, built in 2001, is the most important member of Cotec. The plant’s capacity has... |
India Aditya Birla Aug cement shipments down 5.4 per cent03 September 2008, Published under Cement NewsCement shipments by India’s Aditya Birla Group in August fell 5.4 per cent from a year earlier to 2.19Mt the firm said late on Tuesday. Cement production fell 8.9 per cent to 2.12Mt, it said in a statement. The group includes flagship Grasim Industries and UltraTech Cement and has a combined cement-making capacity of more than 31Mta. |
Italcementi in Libyan joint venture03 September 2008, Published under Cement NewsA joint venture between the Libyan government, in the form of its Economic and Social Development Fund, Italcementi is to build a 4Mta integrated cement works at a cost of between US$550m and US$750m. The plant is planned for a location around 50km west of Tobruk and a mining concession has been agreed with the National Mining Company of Libya in order to secure the necessary raw materials. The joint venture is also contemplating a 0.5Mta white cement plant. The new works are primar... |
Attock profit declines, Pakistan02 September 2008, Published under Cement NewsThe profit after tax of Attock Cement Pakistan Limited (ACPL) has declined to Rs 435.025m in the year ended June 30, 2008 as compared to Rs 796.433m earned in the corresponding period last year. The company’s earning per share decreased to Rs 6.03 in the period under review against Rs 11.04 in the same period last year. The board of directors of the company in its meeting recommended a final cash dividend for the year at Rs 1.5 per share ie 15 per cent. According to the financial results... |
Cement prices up Rs3 in Mumbai02 September 2008, Published under Cement NewsACC, Ambuja and JK Lakshmi, following UltraTech, have increased cement prices in Mumbai by Rs 3 a bag (50kg), effective from September 1. Its wholesale price has reached Rs 258 from Rs 255 earlier. In the retail market, each bag of cement will now cost above Rs 270 from Rs 260-265 earlier. City-based dealers have confirmed the move. They said that all the companies will now follow these big players in raising prices. Other players, which scaled up prices, include Indorama and Vasvadatta Cem... |
Sri Lanka’s Tokyo Cement net up 25 per cent in June02 September 2008, Published under Cement NewsSri Lanka’s Tokyo Cement group posted 25 per cent higher net profits for the June 2008 quarter, compared to the same 2007 period, un-audited results showed. Tokyo Cement Company Lanka profits increased to 212.4 million rupees (US$1.97 million) from 170.3 million a year back. Revenue for the June quarter increased 30 per cent to 3,909 million rupees. Group finance cost was up 62 per cent 151.5 million rupees. At company level, profits were up three per cent to 77 million while revenue... |
Cement firms want EAC to return suspended duty01 September 2008, Published under Cement NewsEast African governments have phased out suspended duty on cement, wrong-footing new and old investors in the sector. Industry players on Thursday met parliamentarians to gripe about the measures taken by Treasury last June, flouting a tripartite agreement hammered out by the East African Community, cement manufacturers and governments four years back. East Africa Cement Producers’ Association (EAPCA), the industry lobby, first raised the red flag in July during consultations with the then... |
Court opens case upon Dontsement bankruptcy, Ukraine01 September 2008, Published under Cement NewsDonetsk regional business court has opened a case upon bankruptcy of a large Ukrainian cement producer Dontsement, Donetsk region. The court said this in the report. The court was launched the bankruptcy procedure on July 15. Vasyl Bilozir has been appointed as the asset manager. The moratorium for satisfaction of creditors’ demands was introduced on July 15. The claims are accepted until September 29. As Ukrainian News earlier reported, in May, Dontsement joined one of the five ... |