Cement News tagged under: international
Colombian Cementos Argos to sell power plant for $112m01 February 2008, Published under Cement NewsColombia’s largest cement maker Cementos Argos SA and its holding company Inversiones Argos SA have agreed to sell the Merilectrica power generation plant to holding company Colinversiones SA for US$112m, according to a filing to the securities regulator. The boards of Cementos Argos, which owns 80% of Merilectrica, and Argos, which owns the remaining 20%, accepted an offer from Colinversiones, the filing said late Wednesday. The transaction still depends on a process of due-dil... |
Azerbaijan Investment Company to invest EUR13.7m in new project01 February 2008, Published under Cement NewsAzerbaijan Investment Company (AIC) is to invest EUR13.7m in a new cement project named ’Qaradaq Sement’ estimated at EUR327m. AIC’s contribution will represent 10% of the investement. The project is designed to boost the annual output of clinker from 0.8Mt to 1.2Mt and cement from 1.3Mt to 1.7Mt respectively. |
China’s CNBM eyes cement growth01 February 2008, Published under Cement NewsChina National Building Material Co Ltd on Thursday announced billions of dollars worth of acquisition plans with the aim of tripling its cement capacity by next year. Lifting output to 174Mta by 2009 will allow China’s No 2 cement maker to tap the country’s fast-growing building material market. China produced 1.38bn tonnes of cement in 2007, nearly half the world’s output, and production is expected to rise by eight per cent this year. China National Building also proposed se... |
Kenyan cement group reissues clinker tender01 February 2008, Published under Cement NewsKenya’s East Africa Portland Cement Company (EAPCC) has, for the fourth time in the past three years, put out a tender for the supply of clinker. Past attempts had to be cancelled at the last minute owing to alleged irregularities. This led to the sacking of MD Zakayo Ole Mapelu and also forced the company to issue a profit warning for the 2007 financial year. EAPCC acting MD Ndegwa Kagio says the company is inviting interested and eligible firms to supply approximately 450,000t of clinker... |
Dyckerhoff boosts sales in Eastern Europe31 January 2008, Published under Cement NewsThe preliminary results from Buzzi Unicem’s subsidiary Dyckerhoff show an increase in group cement shipments of 3.2% and a 25.0% increase in turnover to EUR1777m. Capital expenditure amounted to EUR181m and included the initial investments at the new Orenburg plant in Russia. The German turnover rose by 5% to EUR505m, while cement shipments, including exports, were 5% higher, but domestic deliveries were slightly lower. Domestic cement prices increased by around 9% for cement and by just... |
CEO arrested in Sicily - Mafia involvement31 January 2008, Published under Cement NewsPolice in Sicily on Wednesday arrested the chief executive of a subsidiary of Italcementi SpA, Italy’s biggest cement maker, for alleged Mafia collusion, authorities said. Mario Colombini, CEO of Italcementi’s Calcestruzzi unit, was picked up at his home in Camparada, near Milan, on suspicion of fraud and collusion with the Mafia, said police in Caltanissetta, Sicily. Two other officials, including the suspended head of the company’s operations in Sicily and the southern Campania region, we... |
Pakistan cement makers hike prices despite weak sales31 January 2008, Published under Cement NewsCement manufacturers increased the price of 50-kilogram cement bag by Rs20 on Wednesday despite a slump in construction due to cold wave and political uncertainty. Market sources said that cement manufacturers had increased prices despite 70 per cent fall in sales compared to previous year. They said that cement manufacturers were again forming a cartel to push up rates. Construction activities are slow during winter. The construction season starts from March and remains on its peak till O... |
Eagle Materials Inc. Reports Third Quarter Results31 January 2008, Published under Cement NewsEagle Materials Inc. today reported financial results for the third quarter of fiscal 2008 ended December 31, 2007. Eagle produces and distributes Gypsum Wallboard, Cement, Recycled Paperboard and Concrete and Aggregates. The following are highlights of our third quarter results: -- RECORD HIGH THIRD QUARTER SALES VOLUME IN CEMENT - 850,000 TONS SOLD DURING THE QUARTER -- RECORD HIGH QUARTERLY CEMENT AVERAGE NET SALES PRICE -- WALLBOARD NET SALES PRICE AVERAGED $100 PER T... |
Holcim’s Campulung plant to become Bucharest’s largest supplier31 January 2008, Published under Cement NewsHolcim Romania, which last year generated turnover worth 290 million euros, up 28% on 2006, will finalise an investment worth 185m euros in order to increase the production capacity of its Campulung plant this year, and thus become the largest cement supplier on the Bucharest market, considering the Arges county-based plant is the closest to the capital. In fact, the Swiss company increased initial investments, estimated at 120 million euros and aimed at the construction of a new production... |
Mixed signals from Cemex30 January 2008, Published under Cement NewsIncluding Rinker for six months, Cemex increased its turnover by 18.8% to US$21,673.0m in 2007. Margins declined in response to the increased portion of business generated from downstream operations and by the further reduction in the profitability of the British business. As a result, the EBITDA improved at a more modest pace of 10.8% to US$4,586.1m, while the pre-tax profit fell by 3.1% to US$2,793.0m. Group cement shipments increased by 1.9% last year to 87.35Mt and the acquisition of ... |