Cement News tagged under: international
Cameroon : Price hike in cement repealed22 November 2007, Published under Cement NewsAccording to Cameroon Trade Minister Mbarga Atangana the recent cement price increase has not taken into account the reservations of the government on the timing and the social players including consumers and their associations. The price was repealed amid disputes within CIMENCAM, the branch of French multinational Lafarge in which Cameroon holds 43 per cent of shares, after the company refused to heed the government injunction on the price hike. The government had requested the company t... |
Cimpor buys into Peru21 November 2007, Published under Cement NewsCimpor has acquired an 80% stake in the Peruvian Cementos Otorongo for around EUR12.8m as a result of a capital increase by Cementos Otorongo, which has plans to build an integrated cement works in the Arequipa region of Peru. At present, Cementos Otorongo owns a cement silo and a bagging plant at El Callao and a majority share of an aggregates business based near Lima. The company has obtained permits to build and operate an integrated cement works and already owns mineral reserves ne... |
Indian government says cement prices under control in March-Oct21 November 2007, Published under Cement NewsThe Indian government on Wednesday said that due to its various measures cement prices have stabilised, as rates went up only 2.67 per cent during March-October this year. In a written reply to the Lower House of Parliament, Minister of State for Industry Ashwani Kumar said the government has taken a number of measures to increase the supply of cement. The measures include reducing the import duty to ’nil’ and notifying MMTC and Tamilnadu Cements Corporation Ltd to import cement an... |
Vassiliko declares higher profit, merger receives approval21 November 2007, Published under Cement NewsVassiliko Cement Works Pcl posted another strong set of results with net profit in 9M07 reaching EUR11.8m up 9.3% YoY on the back of satisfactory growth in total sales from cement and clinker, (price and volumes increases), and further cost savings. Total sales increased 9.3% YoY to EUR 67.3m driven by increased local sales (up 19.2% YoY), while exports fell significantly by 71.8% YoY. Despite the significant improvement in local quantities sold (993k tones: up 14.8% YoY), total quantitie... |
Holcim to acquire minority ownership of Lattimore Materials, US21 November 2007, Published under Cement NewsHolcim (US) Inc. signed a definitive agreement to purchase a significant minority ownership position in Lattimore Materials Company, L.P. of McKinney, Texas – one of the leading suppliers of concrete and aggregate materials in the state. Lattimore Materials currently employs approximately 1,150 people and operates six aggregate quarries, 19 ready mix concrete plants, four rail terminals, and a fleet that includes more than 400 mixer and haul trucks. The closing of the transaction is expected... |
Barloworld set to tap African building boom21 November 2007, Published under Cement NewsHaving sold the bulk of its noncore assets in a big restructuring over the past year, Barloworld is now poised to exploit the massive increase in infrastructure and mining construction activity sweeping across Africa. Barloworld was set to invest R250m in various countries on the continent in the next two years to optimise on robust growth, CE Clive Thomson said at the presentation of Barloworld’s results for the year to September. The group is looking at building new facilities i... |
Antigua and Barbuda consulted in cement study21 November 2007, Published under Cement NewsA team of consultants from the University of Technology, Jamaica, ended a two-day visit to Antigua on Monday during which they sought to determine the country’s needs where a steady supply of cement was concerned. The consultants had been previously furnished with information via e-mail but conducted face to face interviews with various retailers, suppliers, and importers to get a clearer picture of the market situation. The team consisted of Project Manager Margaret Chris... |
Egypt re-offers two greenfield cement licences20 November 2007, Published under Cement NewsThe Egyptian government said on Monday it had begun receiving applications for licences to build greenfield cement factories in two underdeveloped areas after failing to attract bids there in a licensing auction in October. Amr Assal, chairman of the Industrial Development Authority, told Reuters a decision had been taken to re-offer the licences for factories in Sohag in southern Egypt and in the New Valley in the Western Desert after four companies showed interest. "We had alread... |
Cement prices likely to go up from Jan, India20 November 2007, Published under Cement NewsCement prices are expected to remain constant the next month and will start picking up from January, traditionally the busiest season for construction activity, a top industry analyst said. "Dealers across the country expect cement prices to remain constant during the next couple of months and anticipate prices to pick up from January," brokerage firm Sharekhan’s senior vice-president Sandeep Nanda said. |
Chinese firm to build N75bn cement Factory, Nigeria20 November 2007, Published under Cement NewsMinghong Group Corporation Ltd, Zhuhai, has concluded arrangements to establish a state-of-the-art cement factory in the Enugu State. Already, the Enugu State Government has signed a Memorandum of Understanding (MoU) with the company for the establishment of the factory at Amechi Idodo in Nkanu East Local Government Area of the state. At the signing ceremony, which was witnessed by members of the State Executive Council and representatives of Amechi Idodo, Governor Sullivan Chi... |