Cement News tagged under: international
Exports to Romania may cause shortage to Bulgaria market04 July 2008, Published under Cement NewsUnregulated cement exports to Romania may trigger a shortage on the Bulgarian market, Todor Kostov, executive director of cement, ready-mix concrete and aggregates supplier Holcim Bulgaria said on July 2, 3008. Holcim Bulgaria is wholly focused on the domestic market but many of the holding company’s partners ship in Romania, which is experiencing an undersupply. Demand outstrips supply in Bulgaria as well and the company bridges the gap with ready-mix products. Holcim Bulgaria plans to ... |
GCC to start limited operations at new plant, US04 July 2008, Published under Cement NewsA new cement plant being built by Grupo Cementos de Chihuahua (GCC) of Mexico will start limited operations next week, according to the chief of its American division. Enrique Escalante said Wednesday that equipment in the roughly $300 million plant still is being adjusted and corrected, a process that will continue when production starts next week as it ramps up to full production. The enormous facility, which includes a limestone mine and large storage buildings, is located south of Pu... |
Thailand’s Siam Cement: seasonally softer results QoQ04 July 2008, Published under Cement NewsSiam Cement is expected to report a 2Q08 net profit of Bt6.4bn, down 27.5% YoY and 10.2% QoQ. Stripping out extra gains from the sale of its stakes in The Siam Yamato Steel and The Aromatics (Thailand) of Bt2.4bn in 2Q07 and the sale of its stake in Pacific Plastics (Thailand) Limited of Bt200m in 1Q08, its normalised profit is forecast to be Bt6.4bn, flat YoY, but down 7.6% QoQ. The stable result YoY would be from SCC’s somewhat improved performance as cost pass through helps offset the low... |
China’s Sinoma suspends Union contract03 July 2008, Published under Cement NewsSinoma International Engineering Co Ltd said it has suspended a cement production line construction contract with Union Cement Company (UCC), a Saudi Arabia cement manufacturer, due to a failure to obtain regulatory approval. In a statement filed with Shanghai Stock Exchange, the company said it signed the US$230m contract with UCC in September 2006. Sinoma said that the two companies will re-evaluate the contract price if the project resumes. |
Shanshui Cement says IPO retail tranche 2.15 times subscribed03 July 2008, Published under Cement NewsChina Shanshui Cement Group Ltd, the country’s second largest cement maker, said the retail tranche of its initial public offering (IPO) in Hong Kong was 2.15 times subscribed. The international tranche was moderately oversubscribed, it added. It priced the IPO at HK$2.8/share, near the low end of its indicated range of HK$2.70-3.65. The company raised HK$1.82bn by selling 650.8m shares. |
India’s Aditya Birla June cement shipments up five per cent02 July 2008, Published under Cement NewsIndia’s Aditya Birla Group said on Wednesday its cement shipments in June rose five per cent from a year earlier to 2.58Mt. Cement production grew two per cent to 2.55Mt, it said in a statement. The group includes flagship Grasim Industries Ltd and UltraTech Cement Ltd , with a combined cement-making capacity of more than 31Mt. |
Coal price hike to hurt Pakistan cement sector’s earnings02 July 2008, Published under Cement NewsPakistan cement manufacturers are seeking an increase in prices in the wake of rise in international coal prices by 139 per cent during financial year 2008. In tandem with international oil prices, the coal price has also been on the rise, as prices hit the US$186/t CIF mark (US$163/t FOB) during June-2008. The coal price up tick so far can be divided into three major phases during financial year 2008: coal prices rose by 26 percent during first quarter of financial year 2008 (Jul-Sep-07 f... |
Gaza to get cement for first time in a year02 July 2008, Published under Cement NewsThe Gaza Strip on Wednesday was to receive cement shipments for the first time in a year as Israel reopened border crossings that shut down. Both the Hamas rulers of Gaza and the Israeli government, which imposes an embargo on the Palestinian enclave, said 5t of cement would be shipped through the Sufa border crossing. |
Adelaide Brighton buys concrete business02 July 2008, Published under Cement NewsAdelaide Brighton Ltd has spent US$81m buying concrete products business Hanson Building Products Pty Ltd (HBP), to increase its exposure to the fast-growing Queensland market for masonry products. The acquisition is expected to be immediately earnings per share accretive and will make Adelaide Brighton the market leader in masonry products in Australia, with a number one or two position in all states except Western Australia. HBP has eight production facilities, six in Queensland and two ... |
Holcim to invest US$100m in Colombia to boost cement output02 July 2008, Published under Cement NewsHolcim Ltd plans to invest more than US$100m in Colombia to boost its output of cement, the company said Tuesday in a statement. Holcim will boost the production at its biggest cement making plant, located in Nobsa in the northern eastern province of Boyaca, by 700,000tpa, which represents an increase of 45% of its current capacity. The expansion of the plant started Tuesday and will last 18 months, the statement said. |