Cement News tagged under: international
Union threatens to lock down Carib Cement Company15 November 2007, Published under Cement NewsNWU deputy island supervisor Danny Roberts (right) speaks at a press conference yesterday at the union’s headquarters in downtown Kingston. At centre is chief union delegate Norman Spence and at left is Creadel Hemmings. (Photo: Naphtali Junior) THE National Workers Union (NWU) yesterday served a strike notice on the Caribbean Cement Company, threatening to shut down the company’s Rockfort plant in East Kingston by Friday afternoon. The union, at a press conference yesterday, vowed that it... |
Mergers, acquisitions to accelerate in cement sector15 November 2007, Published under Cement NewsChina is likely to see the number of its cement manufacturers decline to 1,000-odd in 2010 from the current 5,000-plus, said Lei Qianzhi, head of China Cement Association. In the coming few years, mergers and acquisitions will speed up in the industry, Lei noted at a press conference held Wednesday for promulgation of state criteria on energy-efficiency designs for cement production. The criteria, involving buildings, power systems and mining related to cement production, will take effe... |
Pakistan cement price on the rise15 November 2007, Published under Cement NewsThe cement prices got the raise of Rs5-10 per 50 kg bag at the retail level after experiencing persistent depression in the first quarter of fiscal 2007-08, it is learnt here Tuesday. The cement price of 50 kg bag was Rs 205-210 last week is now being sold for Rs 210-215 at retail level. Talking to The Nation, the industry sources confirmed that the ex-factory cement prices have now improved slightly by Rs 5-10 per bag. Talking about the main reason for the recent rise, they termed that the... |
Egypt’s Lafarge-Titan to invest $180m15 November 2007, Published under Cement NewsEgyptian joint venture Lafarge-Titan Group will spend close to $180m to boost its cement production capacity by about 50 percent, a senior company executive said on Wednesday. Medhat Stefanos, the group’s commercial director, told Reuters the investment in its Beni Suef cement plant will increase the company’s production capacity to 4.7Mta from 3.1Mt. "At least 50 per cent of the new investment will be financed by banks and the rest from our accumulated profits in Egypt," he sa... |
Holcim Thai unit to halt two cement kilns early 200815 November 2007, Published under Cement NewsSiam City Cement PCL, majority-owned by Holcim, said Thursday it will shutter two kilns from early 2008, due to higher production costs and sluggish domestic demand. Annual output of clinker, a cement ingredient, will be cut by 2.25 million tons out of total capacity of 12.3 million tons, Thailand’s second-largest cement producer said in a statement. The company may reopen the two kilns once the economic situation improves. "We don’t know yet about the timing to reopen the two kil... |
Oman Cement Co Sales Up 4.25 per cent YoY nine-month 200715 November 2007, Published under Cement NewsOman Cement Company (OCC) reported on November 11, 2007 a YoY sales increase of 4.25 pct to 1,455,686t of cement for the first nine months of 2007. Sales value increased more - with 6.3 per cent to OMR38.4m (US$99.7m) Net profit went down 5.8 per cent to OMR13.7m (US$35.6m). The decrease was mainly due to lower clinker production leading to bigger clinker imports at a time when clinker is becoming more expensive on the international market. Other production costs also gre... |
British cement outlook15 November 2007, Published under Cement NewsWith construction investment running at record levels, the outlook for the cement industry in Great Britain can generally be said to be reasonably encouraging. The full impact of the uncertainty created in the housing market by the Northern Rock affair has yet to be seen and there have also been excess house price increases in many parts of the country if that risk is to unwind. This is likely to lead to some weakness in the housing market, with prices possibly coming under pressure. It w... |
Cemex in negotiations with Ready Mix USA to contribute and sell additional assets to joint venture14 November 2007, Published under Cement NewsCemex, Inc.announced today that it is in negotiations with Ready Mix USA to expand the scope of their ready-mix joint venture formed in July 2005. The completion of the transaction is subject to the signing of a definitive agreement and obtaining the required regulatory approvals. Cemex intends to contribute assets valued at approximately $150 million to the joint venture and intends to sell additional assets to the joint venture for approximately $227 million in cash. As part of the tr... |
Justice Department Requires Divestitures in Vulcan’s Acquisition of Florida Rock14 November 2007, Published under Cement NewsThe Department of Justice announced today that it has reached a settlement that will require Vulcan Materials Company and Florida Rock Industries Inc. to divest eight quarries that produce coarse aggregate in Georgia, Tennessee and Virginia and one distribution yard in Virginia in order to proceed with their proposed $4.6 billion merger. The Department said that, without the divestitures, the proposed acquisition likely would result in higher prices for purchasers of coarse aggregate in ce... |
Investfino hikes stake in Cimpor to over 20 per cent14 November 2007, Published under Cement NewsCimpor said Investfino has increased its stake in the company to over 20 per cent after acquiring 5m Cimpor shares on Nov 9 up from approximately 19 per cent it was reported to hold in October. In a filing with stock market regulator CMVM, Cimpor said Investfino, which is controlled by Soares da Costa chairman Manuel Fino, has 20.06 pct of the voting rights in the company after the stake hike. In October, Cimpor’s website said Manuel Fino had a 19 pct stake in the cementmaker, and t... |