Cement News tagged under: international
India’s ACC eyes acquisitions03 June 2008, Published under Cement NewsACC Ltd, India’s largest cement maker, is eyeing potential takeover targets, The Financial Express said, quoting ACC chief finance officer Onne van der Weijde. Van der Weijde said the company has short-listed some companies for acquisition and has enough funds for the purpose. However, he told the daily, ’It may, in some cases, be better from the value point of view, to wait a bit longer (before buying).’ ACC, which is held by Switzerland’s Holcim, is also set for an expansion to boost its... |
DJ Anhui Conch: will government intervene to stop prices soaring?03 June 2008, Published under Cement NewsCement prices in earthquake-affected areas in China will soar to CNY1000/t without government intervention to control prices, a senior executive at China’s largest cement maker by output said Tuesday. The current price of cement in Sichuan province, where the May 12 earthquake was centred, is CNY600/t, compared with CNY300/t in areas not affected by the disaster, said Guo Jingbin, an executive director at Anhui Conch Cement Co. Guo said strong demand for cement during the reconstruction p... |
Cement firms of Pakistan enter India03 June 2008, Published under Cement NewsCement brands like Lucky, Maple Leaf and Elephant from Pakistan are helping the construction companies in the south to check prices, albeit to a limited extent. But the companies are not sure of the supply due to weak rupee. For long it was considered that Pakistani cement will enter only parts of western India. This is the first time the cement market in south is getting exposed to cement from the neighbouring nation. The imports have more or less stopped. "The weakening of the rupee fro... |
India: Sagar Cements’ new units launch in July03 June 2008, Published under Cement NewsSagar Cements Ltd will be commissioning its INR296-crore brownfield clinker and cement plants in July. This would push up the cement production capacity of the Hyderabad-based company from 0.6Mta to 2.5Mt while the clinker capacity would shoot up to 2.1Mt from 0.5Mt. “Operationally, the additional capacities will flow in from July, which will make a big difference to us,” Mr Srikant Reddy, Director, Sagar Cements, told Business Line. About 70 per cent of the production would be sold in And... |
LSR Group lays foundation stone for construction of a new cement plant03 June 2008, Published under Cement NewsOn May 27 a gala ceremony took place in Slantsy, the Leningrad region to lay the foundation stone for the construction of a new LSR Group cement plant. The new project will help to provide a full-fledge solution to the shortage of cement in Northwest Russia. Phase 1 of the project with an annual capacity of 1.85Mta of cement will be completed in 2010. By 2010, the company is to invest approximately US$600m. Subsequently, it is proposed to increase the capacity up to 3.7Mt thanks to the sec... |
China Resources Cement builds new plant to get RMB3bn revenue03 June 2008, Published under Cement NewsChina Resources Cement is building a RMB3.9bn modern dry-process plant in Fengkai county in the province of Guangdong. The investment will be for six production lines at the plant as well as auxiliary developments such as a deep-water terminal of the 2000t class, six 9000kW cogeneration stations, a milling station and a conveyor. Each production line will produce 4500tpd of cement daily. The entire plant can produce 12Mt of cement worth RMB3bn annually and will generate year tax revenue of R... |
Komodo Hedge fund bets on Indonesia building, cement companies03 June 2008, Published under Cement NewsHB Capital Partners, manager of the first Indonesia-focused hedge fund, is betting on the nation’s construction and cement industries as provinces outside the main island of Java lead growth, co-founder James Bryson said. Companies including PT Duta Graha Indah, a Jakarta-based construction company, are expanding outside Java to tap markets that have benefited from rising prices of coal, palm oil and other commodities, fueling demand for construction projects. ``In East Kalimantan, which ... |
Malaysia to remove cement price ceiling03 June 2008, Published under Cement NewsMalaysia will remove the ceiling price of cement from Thursday to boost the country’s building industry, the prime minister said on Monday, in a move that could stoke inflation. In a separate measure to help liberalise the industry, cement importers would also only need to pay 10 per cent import duty, Abdullah Ahmad Badawi said. Previously, ordinary Portland cement had import duty of 50 per cent while hydraulic cement was at 25 per cent. The move to scrap the price cap was expected to boo... |
China’s cement price remains stable02 June 2008, Published under Cement NewsMarket monitoring by the Ministry of Commerce (MOC) shows that China’s cement market has operated steadily, with comparatively inert prices. Monitoring shows that cement price averaged 316 yuan/ton in the first half of May, down 1.3 percent from the latter half of April. However, the cost pressure remains huge. As cement consumption enters peak season and the output growth falls slightly, cement price may be under certain pressure of rising. Production cost has increased obviously recently... |
Inquiry into CRH Polish activities02 June 2008, Published under Cement NewsThe Polish competition watchdog is believed to be close to completing an investigation into the activities of Irish group CRH and a number of big players in that country’s cement industry. Poland’s Office of Competition and Consumer Protection (OCCP) has been investigating CRH, Cemex and a number of local operators for price fixing and other anti-competitive practices since 2006. It is expected to complete its work shortly. A year ago, the OCCP fined CRH’s Polish subsidiary, Cement Ozarow, ... |