Cement News tagged under: international
Debate over future site of cement plant, New Zealand20 June 2007, Published under Cement NewsA tug of war is being waged over relocation of a cement plant in the South Island. Holcim New Zealand is deciding whether to close its long-serving Westport works and build a new $200 million plant in Otago. A group of West Coasters have launched a late bid against such a move: 600 people rushed to beat a deadline on Tuesday to make submissions against a move to Weston, a settlement near Oamaru. Buller business association chairman Vince Wallis, says Holcim directly provides 130 jobs and... |
IFCI may buy stake in Shiva Cement; ACC gets board nod20 June 2007, Published under Cement NewsShiva Cement, said its Board of Directors are planning to issue 10 lakh equity shares at a price of Rs 9 each to domestic financial institution IFCI, on preferential allotment basis. The board has also given its go-ahead to ACC and other unnamed investors who will invest up to Rs 40.92 crore by subscribing to preferential issues consisting equity and hybrid securities in form of share warrants, Shiva Cement informed the BSE. The issue to ACC is subject to approval of shareholders at the en... |
CRH enters Spanish market20 June 2007, Published under Cement NewsIrish construction materials specialist CRH has joined forces with Jelf Brico House, the local owner of 10 DIY stores in Spain, to enter the Spanish do-it-yourself market. CRH, which has a 26.3 per cent stake in Spanish cement manufacturer Uniland, has acquired a majority stake in Jelf Brico House. The 10 stores will each cover an area of some 1,000 sq m. |
Malaysia to review cement prices quarterly from next year19 June 2007, Published under Cement NewsDeputy Prime Minister Najib Razak said the government will implement a new pricing mechanism for cement next year, under which prices will be reviewed on a quarterly basis, the official Bernama news agency reported. "From Jan 1, 2008, we will follow the automatic pricing mechanism to tag cement prices every four months," Najib told reporters after chairing a cabinet committee meeting on essential goods. Cement remains a controlled item and the government will ensure adequate supply... |
Cemex sees higher revenues despite US downturn19 June 2007, Published under Cement NewsCemex said it sees second-quarter revenues of above US$4.9bn, about six per cent more than in the same period a year ago. Cemex also forecast quarterly earnings before interest, taxes, depreciation and amortization, or EBITDA, of $1.12bn, a two per cent decrease on the year-ago period. The company reiterated an EBITDA forecast of $4.3bn for all of 2007, compared to $4.1bn in 2006 and $3.6bn in 2005. That is despite a downturn in its top U.S. market, where higher interest rate... |
Peruvian domestic cement sales at 2.23Mt Jan-May 200719 June 2007, Published under Cement NewsPeruvian domestic cement sales stood at 2.23Mt in the period January to May 2007, up 12.9 per cent YoY, the country’s Association of Cement Companies (Asocem) said. Peru’s cement exports dropped 74.1 per cent YoY to about 90,000t. Thus, total cement sales registered a 0.3 per cent increase to 2.32Mt. Cement production edged up 1.24 pct to 2.34Mt over the period. The public works initiated in the municipalities of Lima and in the country’s interior boosted cement demand on the ... |
UAE faces cement oversupply19 June 2007, Published under Cement NewsThere could be a glut of cement capacity in the UAE within three years if all planned plant expansions go ahead, Gulf News reported. The UAE plans to boost annual production to 50Mt by 2009, making it the second largest cement producer in the GCC, according to the director of the Ministry of Public Works. Local demand is expected to reach around 17Mta in three years, creating a surplus of supply, the report said. |
Strong baht pushes SCG Asean expansion19 June 2007, Published under Cement NewsThe Siam Cement Group (SCG) will speed up its investment in Asean countries in order to take advantage of the currently strong baht against the US dollar, according to president Kan Trakulhoon. "The baht’s appreciation has a deep impact on us due to a large amount of export income. However, we can benefit slightly from the situation, even though the potential gains might not be comparable to the negative impact," he said. The country’s largest industrial group has increased its budg... |
UAE moves to ensure cement price stability18 June 2007, Published under Cement NewsCement manufacturers and producers have responded positively to a call by the Ministry of Economy (MoE) directing them not to increase prices and maintain price stability in the local market. This was announced during a meeting held on June 14, and included representatives from the Ministry of Economy, UAE Contractors Association (UCA) and cement manufacturers and producers. Cement producers will commit to the fixed price of Dh295 per tonne of cement, and Dh17 per bag of 50 kg. The meetin... |
JK eyes 8% growth in white cement, India18 June 2007, Published under Cement NewsIn view of the low demand for white cement despite serious efforts by the company, JK White Cement Works, a subsidiary of the JK group, has set a growth target of just eight per cent this year. A regional meet of the company’s resellers and dealers was held in Agra recently, during which JK White Cement’s growth plans for the current year were announced. Addressing the over 250 dealers and resellers at the meet, Mohan Sharma, DGM, sales, JK White Cement Works, said the company was ... |