Cement News tagged under: international
Analysts expect Boral’s 2008 profits to be flat10 July 2007, Published under Cement NewsAustralia’s largest building and construction materials supplier, Boral Limited, is expected to report a flat profit in 2008, but a lift in performance is anticipated for 2009, analysts say. In a report released today by investment bank UBS, building materials analysts slashed their estimates of Boral’s performance after weak US profits and disappointing housing data in NSW. "USA profits look as if they will be weak, and last month’s housing data for NSW was disappointing," the rep... |
Sanghi Cement aims high, plans to go global10 July 2007, Published under Cement NewsSanghi Cement has ambitious plans. It aims to contribute 13% of India’s cement production – that’s 20Mta from 2015. Aditya Sanghi, Director, Sanghi Industries said: “We plan to produce 20Mt of cement from this location by 2015. We also plan to be present in major parts of India and the world.” Besides expanding capacity from 8.5Mt Sanghi Cement also wants to expand geographically. It has targeted markets in Maharashtra, Karnataka and Kochi as well as West Asia, Sri Lanka and Europe. It ex... |
Cemex says close to gaining 100 per cent of Australia’s Rinker10 July 2007, Published under Cement NewsCemex SA said Tuesday it is close to taking full control of Australian-listed construction materials group Rinker Group Ltd, having gained 89.76 percent of Rinker’s issued capital through its ongoing US$14.25bn takeover offer. Under Australian takeover law, Cemex will need to gain 90 per cent of Rinker for it to be allowed compulsory acquisition of the remaining issued capital. Australia’s largest all-cash takeover offer is due to close on July 16. Bell Potter Securities priv... |
Gore praises Lafarge as it wins prestigious national environment award09 July 2007, Published under Cement NewsLafarge Cement UK, has won a prestigious Business in the Community (BITC) Award for Excellence, beating off stiff competition in the process. The Eco-Efficiency Award recognises companies that are taking a ‘strategic, comprehensive and innovative approach to reducing waste and natural resource use’. Other blue chip companies shortlisted in this category included Ford, Toyota and Boots the Chemists. Former US Vice President, and environmental campaigner, Al Gore presented the award to Lafar... |
Morocco’s cement production to reach 24.2Mt by end-2010.09 July 2007, Published under Cement NewsMoroccan minister of Trade and Economy Upgrading, Salaheddine Mezouar, at House of Representatives’ (lower House) question time, announced that cement production in Morocco will reach 24.2Mt by end 2010. Mezouar revealed that a US$1.9m investment programme from 2005 to 2010 is expected to increase cement production. Power supply to remain undisturbed in Morocco. Minister of energy and Mining, Mohamed Boutaleb said that there would be no disturbance or disruption in electricity suppl... |
Vietnam Cement Corp $620m urban town09 July 2007, Published under Cement NewsThe Vietnam Cement Corporation plans to invest VND10 trillion (US$620m) in building an urban town in the northern port city of Hai Phong. The Hai Phong Cement Urban Township will be built on approximately 72ha where the Hai Phong Cement Plant once stood. The new township will be home to a 45-storey twin tower structure comprising apartments, an office-hotel-tourism complex for lease, and other recreation facilities. A museum for the cement industry in Vietnam will also be constructed on a... |
Pakistan cement price hike slammed09 July 2007, Published under Cement NewsPresident of the Karachi Cement Dealers Action Committee Wali Bhai Patel on Friday condemned the increase of Rs2.50 in the prices of cement by the manufacturers. He said that prominent newspapers were publishing that cement prices had fallen to Rs210 to Rs225 per 50 kg bag, but in Karachi the prices had gone further higher, as Lucky, Falcon and Pakland cement was being sold at Rs250, Rs263 and Rs253 per bag respectively. He added that compared to other provinces, cement prices were higher ... |
Iran to remove cement subsidy09 July 2007, Published under Cement NewsIran’s cabinet is to call time on subsidy for cement, taking into account its production of 42Mta. The plan was approved on June 15, 2006 by President Mahmud Ahmadinejad, minister of commerce, and representatives from the Cement Guild Association sparked controversy in various economic societies. Some evaluate the issue positive, whereas some see it against free trade and competition. After 447 days from the enactment, at any case, the process has yet to be finalised. |
Algeria sees cement prices soaring09 July 2007, Published under Cement NewsCement prices have recorded a 70% increase jumping thus from 290 dinars/bag to 500/bag. According to the available information, the index of average price increases is 30% which would certainly steep a rise in property prices. This hypothesis has been confirmed to El Khabar by some building contractors. The Head of Real Estate Promotion and Management Office stated: “speculation in construction materials, mostly cement, is the main reason for the concerned prices explosion.” El Khabar Repo... |
Holcim, CRH Cleared Of Cartel charges in Swiss tunnel case09 July 2007, Published under Cement NewsThe Swiss cartel watchdog has cleared Holcim and CRH PLC of price-fixing charges tied to cement and contrete deliveries for a Swiss Alpine tunnel. Switzerland’s Competition Commission said Friday it found no evidence of price agreements between Holcim’s Swiss unit and two other cement producers, CRH subsidiary Jura-Cement-Fabriken and Vigier Holding AG. The investigation was launched in 2004 following a Swiss media report the deliveries for a construction of a major Swiss railway tunn... |