Cement News tagged under: international
Votorantim to boost capacity, Brazil03 September 2007, Published under Cement NewsVotorantim Cimentos (VC) is to invest around US$850m by 2010 to boost its cement-making capacity by 30% to 25Mta. The company plans to open eight new plants to supply the country’s north and northeastern regions. In 2006 the company produced 18Mt of cement, around half of Brazil’s total cement supply. Domestic demand is set to rise by 6-8% annually over the next five years, according to a recent survey by MCM, an industry consulting firm. |
Twiga Cement pre-tax profit rises03 September 2007, Published under Cement NewsThe Tanzania Portland Cement Company (TPCC) has posted TZS22.116bn/- pre-tax profit from its operations during the first six months of 2007, it was announced in Dar es Salaam over the weekend. The profit made represents an increase of 52 per cent compared to the corresponding period last year, TPCC said in a statement. The company, however, noted that there were several production and marketing challenges during the first six months of 2006, which included erratic water supply and power cr... |
Malaysia’s Cahya Mata Sarawak to acquire Sarawak Clinker Sdn Bhd03 September 2007, Published under Cement NewsMalaysian construction company, Cahya Mata Sarawak Bhd (CMSB), said Monday it plans to acquire all of cement maker Sarawak Clinker Sdn Bhd for MYR110m. CMSB told the stock exchange it will acquire Sarawak Clinker from Maybach Investment Co and Mirzan Mahathir. Maybach owns 67 percent of Sarawak Clinker and Mirzan the rest. CMSB said the acquisition is meant to enhance its cement manufacturing operations. Trading in CMSB shares was suspended pending the announcement and will ... |
Indonesia’s Semen Bosowa to go public03 September 2007, Published under Cement NewsPT Semen Bosowa, a unit of Bosowa Corporation, has planned to arrange initial public offering (IPO) in 2008 to generate IDR1 trillion. The CEO of Bosowa Corporation Erwin Aksa said the company will use the money to cut the debt and to expand the production facilities. The enterprise value of Semen Bosowa is IDR2.5 trillion with the EBITDA of IDR200 billion in 2006. The total debt is IDR1.7 trillion, IDR1.1 trillion of which are in bonds. Following the IPO the company shoul... |
Cement plant construction launched in Jizzakh03 September 2007, Published under Cement NewsThe construction of a cement plant with the yearly production capacity of 3 million tonnes has been launched in Zafarbad district of Jizzakh region, Rosbalt reported. The project is a joint initiative of UzQurilishMateriallari (UzBuildMaterials) Company and Russian TKB-Invest. The protocol of intention to set up a joint venture to build the plant was signed in spring of this year. The total project cost is estimated at US$486.42m, according to UzQurilishMateriallari. The constructi... |
Turkish production grows 7.2% YoY in Jan-May31 August 2007, Published under Cement NewsTurkish cement production increased 7.16% YoY and reached 18.7Mt in Jan-May, according to Turkish cement manufacturers’ association (TCMA). Cement sales rose by 9.83% YoY to 16.5Mt in the same period. Cement exports continued to decline due to rising demand as they fell by 5.3% YoY to 2.3Mt. Clinker production increased 6.74% YoY to 16.2Mt in Jan-May. Most of the cement production took place in the Marmara region with 5.9Mt that is followed by the Mediterranean region where 2.85Mt of cement ... |
South Africa cement shake-up looms31 August 2007, Published under Cement NewsSouth Africa’s domestic cement market is facing its biggest shake-up since the break-up of the cartel between the three biggest producers in the early 1990s. This follows yesterday’s announcement by Cairo-based Orascom Construction Industries (OCI) that it and its local partners would invest about R3.2bn in a new cement plant in North West. With an annual capacity of 2Mt, the plant will be built and operated by Mafikeng Cement Company (MCC) and will start production in 2010. This investme... |
Goldman buys 25 per cent of Chinese cement maker31 August 2007, Published under Cement NewsGoldman Sachs has agreed to buy 25 per cent of privately owned Chinese cement maker Hongshi Cement for $80m, the Chinese firm said on Friday. The deal underscores strong foreign interest in China, where global investment banks and private equity firms – from Morgan Stanley to Carlyle – are eager to cash in on the country’s 10 per cent plus annual economic growth. Hongshi Cement, based in Zhejiang province, has an annual production capacity of 16.5Mt. |
Greek Heracles Cement H1 group sales grow 0.5 per cent to EUR331m31 August 2007, Published under Cement NewsGreece’s Heracles Cement said first half year group sales rose marginally to EUR331m, posting a 0.5 per cent increase over first half year 2006. Sales were boosted by the solid weather during the first quarter, but negatively impacted by the unfavourable weather in May and June and reduced imports during April and May on account of the closing of its Halkis plant, which resumed operation in June. EBITDA for the group increased by six per cent YoY to EUR68.7m EBITDA was negatively i... |
Chia Hsin Cement’s net profits up 10.73% in H131 August 2007, Published under Cement NewsChia Hsin Cement generated US$ 3.107M in profits payable to the shareholders in the first half of 2007, up 10.73% from US$ 2.806M in the same period of 2006, with the earnings per share at US$ 0.0027, with no interim dividends, according to the 2007 interim report released by the company. |