Cement News tagged under: international
Indonesia H1 cement consumption up 7.5 per cent YoY on low base12 July 2007, Published under Cement NewsIndonesia’s consumption of cement in the first half was 7.5 per cent higher than a year before at 15.6Mt, the size of the increase being due in part to the low base of comparison a year earlier, Indonesian Cement Association chairman Urip Timuryono said Thursday. In June, domestic cement consumption reached 2.77Mt, down from 2.91Mt in May, he said. He said cement consumption had been weaker in the first half of 2006 because the economy had been hit by the government’s decision in t... |
Lafarge mulls acquiring large cement co in Spain12 July 2007, Published under Cement NewsLafarge is interested in buying a cement company in Spain, such as Cementos Molins or Tudela Veguin, according to local news reports citing comments from Lafarge managing director Jean Martin-Saint-Leon. The managing director said he sees ’more moderate rises’ in growth in the Spanish construction market, but noted that growth will continue to be underpinned by public works, the newspaper noted. Nevertheless, Spain has taken the back burner to Morocco as a priority for investments,... |
Cemex completes takeover of Rinker11 July 2007, Published under Cement NewsRemaining Rinker investors must hand over their shares in the construction materials group after Cemex has won the right to compulsorily acquire the company. Late yesterday, Cemex said it had reached the 90 per cent threshold required to force purchase of the remaining 10 per cent of Rinker. The announcement was the final chapter in a 10-month takeover battle for Rinker, a battle that started with an offer of $US13 ($A15.11) a share. Even before Cemex obtained more than 90 per... |
TCC to invest CNY500m in China’s Foshan11 July 2007, Published under Cement NewsTaiwan Cement Corp said its Hong Kong-listed unit TCC International Holdings Ltd plans to invest CNY500m in Foshan City in the southern Chinese province of Guangdong. The unit yesterday signed an agreement with the Gaoming district government in the city for construction of a cement mill and distribution center there, it said. |
Labour conflict forces Eurocement Group to halt production at Mikhailovcement11 July 2007, Published under Cement NewsEurocement Group holding has halted work at one of its plans in the Ryazan Region, Aton Capital said. According to Kommersant, the company was forced to take the measure owing to conflict with workers demanding pay rises. Mikhailovcement is responsible for roughly 5% of group production, and its capacity is more than 3000tpd of cement. Production at the factory apparently stopped in mid-June. Aton estimates that the lost month cost the company nearly $8.5m. Aton believes government offic... |
Improvements are in the bag11 July 2007, Published under Cement NewsWork has started on a UK£3.5m investment at Lafarge’s Cauldon cement works which could create new jobs. New equipment will be installed to increase production of the firm’s Mastercrete cement packed in weatherproof, tear-resistant plastic. Manager Nicolas Maes said it was needed to cope with increased demand. He added that it would also enable the Hope works, in the Peak District, to concentrate on bulk supplies via its upgraded rail link. The warehouse at Cauldon will be... |
Shri Ramrupai Balaji to set up cement plant11 July 2007, Published under Cement NewsShri Ramrupai Balaji Steels announced on Tuesday that the board decided to set up a cement plant with a capacity of 3Mt in the state of Orissa involving an estimated investment of about Rs 11bn. The Calcutta high court approved the scheme of amalgamation of the company with Jai Balaji Sponge on Jun. 14, 2007. The company has commissioned the captive power plant of capacity 40 MW, on Mar. 29, 2007 at Durgapur, to reduce power costs. |
Egyptian Suez Cement Co Subsidiary Buys Decom11 July 2007, Published under Cement NewsEgyptian Suez Cement Co (SCC) subsidiary, Readymix Beaton Misr (RBM), has fully acquired local sector company Decom, SCC said in a statement to Cairo and Alexandria Stock Exchanges (CASE) from July 10, 2007. Decom owns five mixing stations for producing ready ferroconcrete with a capacity of 500,000m2. |
South Africa cement sales ease to 3.1%10 July 2007, Published under Cement NewsSouth African cement sales growth eased to a 3.1% YoY increase in June to 1.229Mt after rising by 10.6% YoY in May to a record 1.337Mt, data supplied by the Cement and Concrete Institute showed. This brought the increase in the first half of 2007 to 12.7% YoY after last year’s 11.0% rise to a record 13.252Mt. The 12-month total to the end of June 2007 stands at 14.032 million tons. This followed a 11.6% gain in 2005, a 17.4% surge in 2004 and a 7.0% climb in 2003. The 2010 Soccer World Cu... |
Steppe Cement says significant shareholders cut combined stake in co to 33%10 July 2007, Published under Cement NewsSteppe Cement Ltd said chief executive, and two significant shareholders have reduced their combined stake in the company to about 33 per cent by selling their shares. The company said chief executive Javier del Ser Perez has cut his stake to 6.2 per cen, after selling 3.9m shares at UK£3.35 each and now holds 7.11m shares in the company. It said former chairman Azmi Wan Hamzah and shareholder David Crichton-Watt also reduced their stakes to 13.4 per cent and 13.3 per cent respectively by ... |