Cement News tagged under: international
Lafont confident savings target will be reached by 200829 June 2007, Published under Cement NewsLafarge chief executive Bruno Lafont said he is confident the company will reach its cost-saving objectives of EUR340m by 2008 as planned, a company spokeswoman said Friday. "I am totally confident the objectives set for 2008 in our strategic ’Excellence 2008’ plan will be reached," Lafont was quoted as saying by his spokeswoman. "My objective is to reach EUR340m of costs saving in 2008," he was also quoted as saying, adding the amount was "a minimum." "We will go further in t... |
Cement price hike likely in early July29 June 2007, Published under Cement NewsThe prices of cement in some regions of India are expected to be hiked in the first week of July. Sources close to the matter said cement manufacturers have given feelers to dealers for a possible fresh hike in cement prices – as high as Rs 10 a bag – next week in Tamil Nadu and Andhra Pradesh. Meanwhile, they said Mumbai is likely to face cement supply shortage of up to 15-20% due to the monsoon and short supply from Gujarat. Analysts said cement prices can move up in case of... |
Taiwan approves China-bound investments29 June 2007, Published under Cement NewsThe Investment Commission under Taiwan’s Ministry of Economic Affairs said it approved 12 applications for China-bound investments involving a total of US$214.76m. Of the total US$214.76m approved, one application was from Asia Cement Corp for investing US$15m in its Hubei unit and a separate US$23.5m in its Huanggang unit. |
Kesoram under KM Birla may focus on cement29 June 2007, Published under Cement NewsThe latest announcement by B K Birla to transfer the group’s flagship, Kesoram Industries, to his grandson Kumar Mangalam Birla and not his daughter as indicated earlier has come as a pleasant surprise to shareholders. For many years now, investors have been hoping for a spin-off of the tyre division into a separate company, so that Kesoram remains a pure-play cement major. This is expected to unlock significant value for the shareholders, as we believe that the tyre business is not fully v... |
Yamama Saudi Cement to open 10,000tpd plant29 June 2007, Published under Cement NewsYamama Saudi Cement Co. said it will start operating a new production line next month with a production capacity of more than 10,000tpd, local news reported Friday. This is expected to boost the company’s overall production capacity to about 20,000tpd and would lead to a substantial growth in sales in the second half of the current year, the report said. |
Lafarge to restart Indonesia cement plant in 200828 June 2007, Published under Cement NewsThe Indonesian unit of Lafarge SA is to resume production next year at a plant almost completely destroyed by the 2004 tsunami, a company official said on Wednesday. About 80 per cent of PT Semen Andalas Indonesia’s facilities in the city of Lhoknga in Aceh province were destroyed when the Boxing Day tsunami struck the province in December 2004. Around 200 of its 625 employees were missing or dead as a result of the catastrophe. Marcel Cobuz, president director of Semen Andalas, s... |
Russia: cement industry crosses the border28 June 2007, Published under Cement NewsThe Russian cement industry is one of the main beneficiaries of the national project to construct accessible housing. The conflict between the Federal Antimonopoly Service and the Eurocement Group over price regulation on the market has, by all appearances, been overcome. In the last review issued by the Aton investment company, dedicated to small producers in the cement industry, almost no data on Eurocement were provided. The group’s financial reports are not made public. Company analysts... |
Sri Lanka President instructs price control28 June 2007, Published under Cement NewsSri Lanka President Mahinda Rajapaksa yesterday instructed the Chairman of the Consumer Affairs Authority (CAA) Sarath Wijesinghe to urgently control the price of cement. Sri Lanka has proclaimed cement as an essential commodity and the CAA has power to control the price of cement accordingly. However, recently the price of cement increased sharply in the market. The President’s attention was also been paid to the steel market due to the complaints received of low quality steel products. P... |
OCI signs agreement for new plant in Syria, request for new white cement works28 June 2007, Published under Cement NewsOrascom Construction Industries (OCI) has announced that its 75% owned subsidiary Syrian Cement Company (SCC) has signed an Engineering, Procurement and Construction contract with a F.L.Smidth (FLS) / OCI consortium for a 3Mta greenfield which will be located in the north of Syria near the border with Turkey. OCI has also submitted a formal request to the relevant governmental authorities for approval of a white cement greenfield production line at the same location with an annual product... |
Indian cement makers rise as Chidambaram denies pricing control28 June 2007, Published under Cement NewsShares of ACC Ltd. and rival Indian cement makers surged after Morgan Stanley said prices may rise on the finance minister’s statement the government hasn’t asked companies to freeze rates and wouldn’t interfere in setting them. “Pricing power appears to have returned for the next six to nine months for cement companies,” Mumbai-based analyst Akshay Soni at Morgan Stanley said in a note to clients today. “With inflation easing, the government seems to have relaxed their stance on cement pri... |