Cement News tagged under: international
Cement factory proposal welcomed in Pokot district, India05 August 2008, Published under Cement NewsA proposal by the multinational Mehta Group of Companies to establish a cement manufacturing plant in Pokot district has been welcomed by the president Mwai Kibaki. The President said the establishment of factory in the area, would help spur the local economy and create jobs for area residents. The President made the remarks Monday at his Harambee House Office during talks with MN Mehta the proprietor of Mehta Group of Companies who paid him a courtesy call. Pokot district has large depos... |
Holcim launches buyout bid for Serbian subsidiary05 August 2008, Published under Cement NewsHolcim launched on Monday a buyout bid for the 7.68% stake it does not own in its Serbian unit, Holcim Serbia. Holcim offers to buy 176,538 shares at a price of 4,600 dinars ($94) per share, Holcim said in a statement to Serbia’s Central Securities Depository and Clearing House. The offer will remain valid from August 4 to August 25. However, if Holcim’s offer is accepted by holders of less than 161,998 shares, or a 7.04% stake, the company will not be obliged to buy these shares, the st... |
Cemco offers to buy out Union Cement05 August 2008, Published under Cement NewsCemco Holdings Inc., a unit of cement giant Holderfin BV Holdings Inc. of the The Netherlands, is acquiring up to 1.447 billion common shares worth P8.42 billion of listed Holcim Philippines Inc. in a tender offer in compliance with a Supreme Court ruling. Holcim Philippines said in a disclosure to the stock exchange that the 1.447 billion common shares represented 22.44 per cent of the outstanding common shares of the company. Cemco Holdings is acquiring the shares at P5.70 per share. ... |
Cemex USA announces ready-mix concrete price increase05 August 2008, Published under Cement NewsCemex announced that due to escalating fuel prices the company will raise concrete prices $25 per cubic yard nationwide effective October 1, 2008. “Mounting fuel prices have created the need for a ready-mix price increase,” said Gilberto Perez, President of Cemex USA. “We have put forth this new, transparent pricing structure that will allow our customers to count on a firm price through January 2010. We are effectively removing all fuel surcharges and taking on fuel price risk through thi... |
Vicat moves into India05 August 2008, Published under Cement NewsVicat’s first half turnover declined by 2.5% to EUR1,054.8m, which represents a 0.2% reduction on a comparative basis, while the EBITDA declined 6.8% to EUR269.4m. The net interest charge rose to 62.8% to EUR12.8m, but the gearing is a modest 38.2% with net debt standing at EUR669m. The pre-tax profit was 7.0% lower at EUR118.6m and the net attributable profit declined by 6.7% to EUR128.5m. Cement deliveries rose by 2.0% to 7.24Mt and turnover from cement amounted to EUR586m, or 55.5% of ... |
Pakistan cement sales decline, exports grow04 August 2008, Published under Cement NewsLocal cement sales have witnessed a fall of 13 per cent from 1.95Mt in July 2007 to 1.69Mt in July 2008. The decline in local sales is primarily due to skyrocketing construction costs amid the increase in steel and cement prices, JS Research reported. Moreover, the monsoon season has also affected the cement off-take. Overall sales growth, however, was supported by a robust growth of 77 per cent in export sales owing to the regional cement shortage. Out of the total exports, around 450,000-... |
Dominican cement producers will meet over high prices, costs04 August 2008, Published under Cement NewsCement producers in the Domincan Republic are set to meet to analyse the costs in the construction sector with Industry and Commerce minister Melanio Paredes, who said the country just needs to wait and see how the global market reacts to falling oil prices. On Tuesday construction industry representatives complained of rising prices of materials and interest rates in banks and savings and loan associations, factors they say have also "slowed" the real estate industry. Some cement produce... |
Dalmia Cement to raise prices04 August 2008, Published under Cement NewsThe Delhi-based Dalmia Cement Bharat, like others, is feeling the pinch of surging input costs, inflation and rising interest rates and is ready to take some serious measures on the price front. A company source in the know said prices may be hiked by as much as Rs 20-30 per bag in the next few months to make viable its Rs 4,200-crore expansion plans. This is the first time that a cement firm will raise prices to this extent on a single bag. When contacted, Dalmia Cement chief executi... |
China cement production gaines 8.7% in 1H04 August 2008, Published under Cement NewsChina’s cement output in the first half of this year gained 8.7 per cent YoY to 648.05Mt, according to the latest statistics from the National Development and Reform Commission. The growth rate slowed down 7.3 percentage points compared to the same period of last year. The ex-factory price of cement in June was CNY305/t on average, an increase of CNY10 per ton than the previous month and CNY 21 per ton than the same period of last year. |
ACC July cement despatches up 6%04 August 2008, Published under Cement NewsCement major ACC’s shipments in July rose to 1.71Mt from 1.64Mt a year earlier. The company said production in July rose to 1.73Mt from 1.63Mt a year ago. On a cumulative basis, the company’s production in the current year from January-June 2008 rose to 12.3Mt from 11.84Mt last year while despatches rose to 12.32Mt from 11.84Mt. |