Cement News tagged under: international
Semen Gresik may leave Pati due to tough land acquisition, Indonesia04 April 2008, Published under Cement NewsPT Seman Gresik, plans to withdraw its investment from a US$320m plant due to tough land acquisition regulations. The company’s head of communications, Saifuddin Zuhri, said the plant, located near Kendeng Mountain in Pati regency, Central Java, was expected to produce 2.5Mta. "There hasn’t been an agreement between the company and residents. If we can’t reach a deal by the end of this month, we will walk away from Pati as there are several other regencies interested in our offer,"... |
India’s ACC March cement shipments up 4.9 per cent YoY04 April 2008, Published under Cement NewsIndia’s ACC Ltd said on Friday its March cement shipments rose 4.9 per cent to 1.92Mt from 1.83Mt a year earlier. The Mumbai-based firm, in which Holcim controls about 41 per cent, said production in March was 1.89Mt, up from 1.79Mt a year earlier. ACC has an annual cement making capacity of 19.9Mt, making it India’s single biggest cement maker. |
Pakistan cement sales up 25 per cent in July-March04 April 2008, Published under Cement NewsPakistani cement sales surged 25 percent in the first nine months of the 2007/08 (July-June) fiscal year, compared with the previous year, driven by growing construction demand, an industry official said on Thursday. Cement sales during the period totalled 21.9Mt, compared with 17.5Mt sold in the same period last year, said Shahzad Ahmed, secretary-general of the private All Pakistan Cement Manufacturers Association. "March to June is the peak demand season for cement as local construction... |
Chavez nationalises Venezuela cement industry04 April 2008, Published under Cement NewsVenezuela’s President, Hugo Chavez, announced Thursday night the nationalisation of the cement industry, a continuation of the nationalisation program started almost a year ago. "We will nationalise the cement industry," Chavez said in a televised cabinet meeting. "All of the cement industry, everything that was privatised," must now return to state hands. The cement industry is the second nationalisation affecting an entire industry. Last year, he decreed the takeover of the elect... |
Comodoro Rivadavia inaugurates cement plant, Argentina03 April 2008, Published under Cement NewsPetroquimica Comodoro Rivadavia (PCR) has recently inaugurated its new cement plant in Pico Truncado, Santa Cruz, Argentina. Investments amounted to US$450m. Petroquimica Comodoro Rivadavia specializes in the production and distribution of building materials and in the exploration and production of hydrocarbons. |
Lafarge aims to double Chinese production03 April 2008, Published under Cement NewsLafarge plans to double production to 50Mta in mainland China by 2010 and pursue acquisitions in southwestern China. "We will focus on Chongqing, Sichuan and Yunnan provinces for buy-outs," said Cyrille Ragoucy, the company’s chief executive, at the sidelines of a cement conference in Shanghai. Mr Ragoucy did not disclose the potential targets or the amount the firm intends to devote to acquisitions. |
LSR Group unit in venture with OOO Cement Northwest, Russia03 April 2008, Published under Cement NewsLSR Group said its OOO Cement unit has entered into a EUR163m construction deal with OOO Cement Northwest as part of a project to construct a cement plant in Slantsy in the Leningrad region. The company said OOO Cement Northwest will under the terms of the contract act as the general contractor for the design and construction work, which planned to be completed in June 2010. OOO Cement Northwest is a unit of China’s Hefei Cement Research and Design Institute. The first phase of... |
Oman Cement to raise output by 1.2Mt by 200802 April 2008, Published under Cement NewsOman Cement Company has announced that its US$162m expansion will raise output capacity by 1.2Mt a year late in 2008. Mr Jamal Al Hooti CEO of Oman Cement said that "The expansion will cost US$162m to supply an extra 1.2Mta by the end of 2008 to help increase supply in the market." A cabinet minister said earlier in March 2008 that Oman Cement will raise production by 1Mta in 2009 after expanding its plant, whose capacity stood then at 1.87Mta. |
Cinveste declares 2.085 per cent stake in cement maker Cimpor02 April 2008, Published under Cement NewsCimpor said that Portuguese holding company Cinveste, SGPS, SA has declared a 2.085 per cent stake in the cement maker. In a filing with stock market regulator CMVM, Cinveste said it bought about 1.2 million shares in Cimpor yesterday at an average price of 5.73 euros per share. |
Voluntary buyout offer for Volkskcement02 April 2008, Published under Cement NewsLocal media have reported that Alfa Cement, which owns a major stake in Volskcement, has made a voluntary offer to buy out the latter’s securities at $380 a share against the current stock price of around $360. The deadline for accepting the offer is April 11, 2008 and, consequently, shares will be paid within a month. |