Cement News tagged under: international
Asia Cement Corp plans US$200m HK listing11 April 2008, Published under Cement NewsAsia Cement Corp, a subsidiary of Taiwan-based Far Eastern Group, plans to raise as much as US$200m through an Hong Kong IPO scheduled for this month, the Standard reported. The company will launch its roadshow at the end of this month and the newly issued shares are expected to start trading in mid-May. The cement firm is the fifth company to list in Hong Kong before May, and it has appointed BNP Paribas and ABN Amro Rothschild to arrange the offering. |
Holcim Indonesia to build $500m cement plant in East Java11 April 2008, Published under Cement NewsPT Holcim Indonesia, the country’s third-biggest cement producer, said it is planning to build a new cement plant with production capacity of 1.5Mta, at a cost of around $500m in 2009, Investor Daily reported Friday, quoting company president Timothy Mackay. Once completed, the plant is expected to boost Holcim Indonesia’s production capacity to 9.4Mta. The new cement plant will be located in the East Java town of Tuban, Mackay said. The construction of the new plant is in anticipation... |
Nigerian Dangote buys into South Africa cement firm11 April 2008, Published under Cement NewsNigeria’s leading industrial conglomerate, Dangote Group, has acquired a 45 per cent stake in South Africa’s Sephaku Cement for ZAR3bn ($378m) through a private placement, the two parties said on Thursday. The cash from the strategic partnership will help finance the building of a 2.2Mta cement plant in South Africa that is expected to start production by mid 2010, they said in a statement. The partnership will provide Sephaku Cement with the necessary funding and technical expertise to e... |
Brazil cement sales grow 2.9% in March11 April 2008, Published under Cement NewsBrazil’s domestic cement sales totaled 3.8Mt in March, 2.9% more than a year before, the Brazilian Association of Cement Industries (Sinc) informed on Thursday. Meanwhile, cement exports fell by 78.4% in the same comparison, to 29,000t. In the first quarter, cement sales reached 11.5Mt, of which 11.4Mt were sold in the domestic market - 13.6% more than a year before. Meanwgile, cement exports in the period fell by 87%, to 87,000t. In the year ending March 2008, cement sales grew 12.4% ... |
Indonesia Q1 cement consumption up 16.8 per cent YoY11 April 2008, Published under Cement NewsIndonesian cement consumption rose 16.8 per cent in the first quarter to March from a year ago, driven by strong demand outside Java, Indonesian Cement Association (ASI) chairman Urip Timuryono said on Friday. Domestic cement consumption in the period reached 8.78Mt, against 7.52Mt a year earlier. "Looking at the first-quarter data, I am wondering if our full-year growth estimate of 7.0 per cent is still valid," Timuryono told Thomson Financial. In March, domestic cement consumption re... |
SCHADE equipment in South American cement plants10 April 2008, Published under Cement NewsSCHADE Lagertechnik GmbH – a member of the AUMUND Group – is currently processing orders for the South American cement market, where AUMUND do Brasil assisted in securing the orders. Brazil. With the support of the AUMUND subsidiary AUMUND do Brasil, based in São Paulo since 1975, SCHADE received the order for the supply of one bridge type scraper reclaimer with single-side harrow to replace an existing machine of bucket wheel type in the CIPLAN cement plant Cimento Planalto. The bridge ... |
Carib Cement modernisation programme on track10 April 2008, Published under Cement NewsCaribbean Cement Company Ltd said it is on track to completing its modernisation programme with its new kiln expected to come on-stream next month. General Manager of Carib Cement, Anthony Haynes, said this is the first phase of the completion of the modernisation programme. He said the new kiln and new mill which will give the company the manufacturing capacity it needs to cut down on imports. |
Jordan’s Ready Mix acquires stake in local cement plant10 April 2008, Published under Cement NewsJordan’s Ready Mix Concrete and Construction Supplies will acquire a stake in the new US$400m Qatranah cement plant in southern Jordan and raise its capital by 67%, the company said in a statement on the Amman bourse website. The annual production capacity of the Qatranah plant will reach 2Mt. Ready Mix also increased its capital by 67% to JOD25m (US$35.3m) through bonus shares distribution to existing shareholders. In February, Ready Mix said its net profit increased by 30% to JOD3.2m (US... |
Lafarge prepares to invest in Polish production10 April 2008, Published under Cement NewsLafarge Cement, will invest EUR320-350m in its new production facility in Poland, which will boost its domestic production capacity by 1.5-2Mt, reports the Warsaw Business Journal of Poland. "We are analysing the investment bearing in mind the expected growth on the Polish market. However, at present no final decision has been made. It will be influenced by two factors: firstly a decision about establishing a special economic zone, and secondly the anticipated explanation of the EU conc... |
Saudi cement-firm profits rise as economy advances10 April 2008, Published under Cement NewsThree of Saudi Arabia’s five biggest cement producers by market value posted first-quarter profit growth of at least 11 per cent on a jump in domestic demand. Yamamah, Saudi Arabia’s third biggest maker of the building material, said net income in the three months to March 31 climbed almost 14 per cent to SAR197.5m (US$52.67m), or 1.46 riyals per share, compared with SAR173.5m, or 1.29 riyals per share, in the year-earlier period. "Demand is strong in Saudi Arabia given the projects goin... |