Cement News tagged under: international
Key shareholders consider selling stake in Iskitimcement30 July 2007, Published under Cement NewsEduard Taran, the key shareholder in Siberia-based RATM Group, discussed the details of a proposed cement holding to be built around Iskitimcement (ISKC), the group’s main asset. In addition to Iskitimcement, the holding would include Angarskcement (RATM is in litigation with Sibir Cement over control of the company) and four new cement plants in Russia and Kazakhstan. Construction of the first new plant is to start this year, according to Taran, with the holding’s overall cement output proj... |
Siam Cement Group set to increase its investments in R&D30 July 2007, Published under Cement NewsThe Siam Cement Group (SCG) plans to invest heavily in research and development (R&D) to make it the country’s largest unit, said Kanokrot Phalakornkul, director of SCG’s Corporate R&D and IP Centre. Investment would focus on R&D personnel with plans to increase the number of researchers to 400, mostly at the doctorate and master degree levels. Currently, only 20 researchers have doctorate degrees. SCG sees it as essential to increase the R&D workforce to cope with its business expansion, ... |
IDFC to buy 6.6% in Andhra Cements30 July 2007, Published under Cement NewsInfrastructure Development and Finance Corporation (IDFC) is to acquire a 6.55% stake in Andhra Cements to help part-fund the GP Goenka group company’s Rs 400-crore expansion plans. Separately, IDFC and HDFC have also extended a Rs 275-crore debt to Andhra Cements. The company will spend Rs 100 crore of its own funds. HDFC, however, will not have any equity in the company. Andhra Cements is now adding another 3 million tonne to take its total capacity to 4Mt. The expanded capacity is likely... |
Go-ahead for cement merger30 July 2007, Published under Cement NewsThe Protection of Competition Committee yesterday gave the green light to the Cyprus Cement Company and the Vassiliko Cement Company to merge, saying the merger was compatible with competition rules. A brief statement said the decision was taken after consultations and exchanges of opinions, and following a report into the merger. Reports over the past few days said the merger proposal was causing problems within the committee, which met for three days running before reaching their decisio... |
Lafarge to invest EUR38.3m in upgrading Ukraine works30 July 2007, Published under Cement NewsLafarge is to invest EUR38.3m in upgrading the Mykolayivtsement cement works in Lviv region, a statement released by the company says. According to the statement, given the price hikes for energy resources coupled with the curent demands of the cement market, the company is planning a number of new projects to maintain its competitive edge. As a result of the upgrade, the cement works will be able to boost its production by 250,000tpa. |
Titan’s Florida problems mount, Albanian tender announced27 July 2007, Published under Cement NewsTitan’s turnover in the first half eased by 1.0% to EUR757.3m because of the drop in the United States, but the EBITDA still improved by 3.4% to EUR221.8m. Sales of cementitous materials, which had been ahead by 6.9% in the first quarter, were 1.3% lower for the six months at 7.76Mt. However, aggregates shipments rose by 6.3% to 10.79Mt and ready-mixed concrete deliveries were helped by acquisitions and improved by 2.7% to 3.00Mm³, though at the underlying level there was a decline of some ... |
Semen Gresik’s H1 cement sales 7.92Mt, up 5.6 per cent27 July 2007, Published under Cement NewsIndonesia’s largest maker of cement, PT Semen Gresik, sold 7.92Mt of cement in the first half, 5.6 per cent more than a year before, the company said Friday. It said its first-half sales in the domestic market had been 7.12Mt, 3.1 per cent more than a year before, and that its exports had surged 36 per cent to 797,306t. National consumption of cement in the first half amounted to 15.60Mt, against 14.55t a year earlier. |
Indian govt to speed up certification of foreign cement firms27 July 2007, Published under Cement NewsTo meet the growing demand of cement in the country and curb prices, the government has speeded up the process of certification of foreign cement manufacturers. This was stated by Ajay Dua, secretary, Department of Industrial Policy and Promotion on the sidelines of a Confederation of Indian Industry (CII) seminar today. "Though demand for cement in the country has been increasing at 10-12% annually, supply is increasing only at 6-8% annually. This has created a gap in the demand and suppl... |
Oamaru cement plant hearings to start next month, NZ27 July 2007, Published under Cement NewsThe first round in the attempt by Holcim (New Zealand) Ltd to get resource consents for a $200m cement plant near Weston heads to the Environment Court on August 10. The Waiareka Valley Preservation Society had sought four declarations from the court on resource consent applications Holcim has filed with the Waitaki District Council and Otago Regional Council. A hearing on those applications is scheduled to start in Oamaru on August 20. Society spokesman Rodney Jones yesterday said three o... |
Colombia Cementos Argos Jan-June net up 79% To COP91.83bn27 July 2007, Published under Cement NewsCementos Argos, Colombia’s largest cement company, said Thursday its net profit in the first half of the year increased 79% to COP91.83bn (US$46.5m) from COP51.22bn in the same period last year, according to a filing sent to the securities regulator. The Medellin-based company said operating revenue increased 17% to COP1.924 trillion, Argos said. EBITDA, totaled COP330bn in the January-June period, up from COP249.19bn in the same period last year. During 2005, Argos bought two cement compa... |