Cement News tagged under: international
Cemex gains 73.96 per cent of Australia’s Rinker, extends offer period22 June 2007, Published under Cement NewsCemex SA said it has now gained 73.96 per cent of Rinker Group Ltd via its US$14.25bn offer for the Australia-listed heavy construction materials group. The Mexican group, the world’s third largest cement maker, has also extended the offer period by 3 weeks to July 16. The offer of US$15.85/share, which was revised on April 10 from an initial offer of US$13.00, was due to close today. Cemex took control of the Rinker board on Tuesday after moving over the 50 per cent acceptanc... |
FLSmidth to supply production line to Spanish Cementos Molins22 June 2007, Published under Cement NewsFLSmidth has won a contract worth approximately DKK 230m (approx. EUR31m) to supply equipment for a new 4100tpd production line to Cementos Molins, Spain. The production line will be the fourth supplied by FLSmidth to Cementos Molins’ plant near Barcelona. The contract comprises an ATOX raw mill, a raw meal silo, a complete ILC two-support kiln with preheater and a Multi Movable Cross-Bar cooler. In addition, the contract includes a mill gear from FLSmidth’s product company MAAG Gear, FLSmi... |
Vietnam: Cement maker on track to meet sales target22 June 2007, Published under Cement NewsHoang Thach has produced 1.45Mt of cement so far this year and sold 1.77Mt, about half of its 2007 target. Company executives were upbeat about the results, given recent market trends, especially rising fuel, transportation and raw material costs. In the second half of the year, Hoang Thach hopes to produce 1Mt of clinker, 1.45Mt of cement and sell nearly 1.8 trillion tonnes of product. |
Cement prices to remain steady at current level, India22 June 2007, Published under Cement NewsCement prices, which generally declines in the monsoon season, are unlikely to drop this year due to high demand, an industry official said. "I do not expect cement prices to go down in the monsoon season due to high demand. The prices should remain steady at the current level," Cement Stockist and Dealers Association of Mumbai President Sanjay Ladiwala said. The cement prices are currently ruling at Rs 235 per bag in Mumbai’s wholesale market and Rs 250-255 per bag in retail. ... |
Omani Raysut Cement Co to donate $2.6m to Gonu victims22 June 2007, Published under Cement NewsThe board of directors of Oman’s Raysut Cement Co decided at its meeting on June 21, 2007 to donate OMR1m (US$2.6m) to the Donation Fund, created by Oman’s Sultan, Sultan Qaboos, to help the victims of the Cyclone Gonu. The hurricane hit Oman earlier in June 2007 and caused damages, which will cost the sultanate’s economy about US$1.5bn (US$3.9bn) according to initial estimates. To support the humanitarian campaigns in the sultanate, Oman’s bourse regulator Capital Market Authorit... |
ACC may own major stake in Shiva Cement22 June 2007, Published under Cement NewsACC, the country’s largest cement company, is likely to emerge as the majority shareholder of Rourkela-based Shiva Cement in the next four to five months. The Shiva Cement board on Monday approved the allotment of 22.7 million convertible warrants to ACC. Post-conversion, ACC’s shareholding will scale up to 22 per cent from the existing 11.2 per cent. Shiva Cement Managing Director R P Gupta said the conversion would take place after two to three months. The laws of the country war... |
Malaysia’s new cement price regime may lead to cost uncertainty - builders’ assn22 June 2007, Published under Cement NewsMalaysia’s new pricing mechanism for cement products, under which prices will be reviewed every four months, could lead to cost uncertainty for the construction industry, said Patrick Wong, president of the Master Builders Association of Malaysia (MBAM). "MBAM feels that the frequent price adjustments would be unfair to contractors and builders," Wong said in a statement, according to Bernama news agency. Construction contracts are generally run through a period of two to three years... |
China cement sector to grow despite removal of export rebate22 June 2007, Published under Cement NewsChina’s cement industry is expected to keep on rising despite the scrapping of the export rebate policy on cement. The Ministry of Finance recently announced the abolishment of the rebate policy on the export of cement. The country’s export of cement and clinker reached more than 11.23Mt in the first four months of this year, increasing four per cent year on year, demonstrating a sound momentum of growth. As most of cement exporters in China are large cement enterprises, the p... |
Greenfield capacity may fall short of projection, India21 June 2007, Published under Cement NewsGreenfield capacity creation in cement is facing delays, according to a report from the Economic Times of India, with land acquisition and civil construction delays the major hurdles. Even though 85-90Mt new capacity has been announced, only 50-55Mt has been ordered to plant and equipment manufacturers. Industrial construction companies are facing capacity constraints, leading to delays in commissioning. Currently, about 90Mt new capacity has been announced by large and small cement manufa... |
Holcim Croatia acquires local quarry Plovanija Kamen21 June 2007, Published under Cement NewsThe Croatian unit of Holcim said on Wednesday it has acquired a majority stake in Plovanija Kamen stone quarry and cement plant for an undisclosed sum. "The acquisition strengthens Holcim’s position in Croatia and will increase its total production to some 1.5 Mt of aggregates and 180,000m3 of concrete," Holcim Croatia said in a statement. |