Cement News tagged under: international
India cement makers readying to face monsoon blues15 June 2007, Published under Cement NewsThe top four cement manufacturers in the country have started taking steps to tackle an expected slide in demand due to the monsoon. The cement prices are expected to fall by Rs10 per bag in July. To begin with, companies like ACC, Ambuja, Grasim, Ultratech and few others are likely to reduce the supply of cement bags in the wholesale and retail markets. According to Cement Manufacturers Association, the demand for cement had been falling in every monsoon - between July and Sep... |
Lafarge Romania sees 2007 turnover up 20 per cent15 June 2007, Published under Cement NewsThe Romanian unit of Lafarge expects its turnover to rise 20 per cent on the year to EUR280m in 2007, in line with the forecast growth of the sector market, CFO Philippe Platon said. The company launched earlier in 2007 a EUR20m investment programme aimed at boosting production capacity at its plants in Medgidia, southeastern Romania, and Targu Jiu, southwestern Romania. Lafarge Cement plans to further invest some EUR50m (US$66.57m) in the next two to three years to expand product... |
South African cement shortage exaggerated – PPC14 June 2007, Published under Cement NewsSupplies of cement in South Africa are tight, but the extent of the shortage is “somewhat exaggerated”, according to John Gomersall, the chief executive of Pretoria Portland Cement (PPC). Gomersall admitted that customers could not phone up a building merchant today and get cement delivered tomorrow, but the same applied, for instance, to windows, reinforced steel and roof trusses. He said PPC had slowed its cement imports and had not brought in any imports by sea in the past coup... |
HeidelbergCement raises EUR1.4B In Vicat 35% stake sale14 June 2007, Published under Cement NewsHeidelbergCement has sold its 35% stake in French cement producer Vicat at a price of EUR86.00 per share, raising EUR1.4bn, HeidelbergCement announced. Of the offered shares, 772,659 were allocated in a public offering in France, while 9,999,117 shares were allotted in an international private placement, HeidelbergCement said. Simultaneously, HeidelbergCement is selling the remaining shares at the market offering price of EUR86.00 per share to Vicat and the two family holdings, t... |
Govt encouraging investors to build cement factories outside Java14 June 2007, Published under Cement NewsThe Indonesian government is encouraging investors to set up cement factories outside Java on the ground that demand for the commodity in the other islands is high but often not met, an Industry Ministry official said. Unless there was new investment in the cement production sector in 2007-2008, Indonesia would face a cement shortage in 2011, Agus Tjahajana, the ministry`s secretary general, told the 10th international conference on cement (Intercem) here Wednesday. "Assuming that demand f... |
Cement shortage can last till June ’0914 June 2007, Published under Cement NewsIndian cement companies continue to be looked at darkly by the stock market, with shares getting pounded for months now. The question is, is the pounding deserved? From what research houses and their analysts have been saying lately, the situation isn’t as bad as is being made out, because India could very well remain a cement-deficit nation up until June 2009. That’s the message Deutsche Bank gets following a meeting with select cement players and distributors. In a report, t... |
Taiwan Cement, Chia Hsin likely to form strategic alliance for Chinese ops13 June 2007, Published under Cement NewsHong Kong-listed subsidiaries of Taiwan Cement and Chia Hsin Cement, two leading cement makers in Taiwan, have suspended trading of their shares from June 12, reportedly for merger or cross shareholding, in order to cope with the growing competition in the huge Chinese market. In their press releases for move, issued via Hong Kong Exchanges and Clearing Limited, Taiwan Cement reported that the company is going to issue a statement concerning a major merger, while Chia Hsin Cement stated tha... |
Indonesia cement demand seen up 8% next YoY13 June 2007, Published under Cement NewsIndonesian cement demand grew eight per cent in the first five months of this year and is likely to grow by a similar amount next year as the sector gradually recovers from last year’s slowdown, an industry ministry official said on Wednesday. The figure is higher than earlier estimates from analysts and industry experts who had forecast cement sales would rise more than five per cent this year, compared with 1.8 per cent growth last year, if the government speeds up infrastructure proj... |
Cemex increases Rinker holding to 55%13 June 2007, Published under Cement NewsCemex has increased its holding in local material firm Rinker Group Ltd to 54.89 per cent. The world’s third biggest cement maker secured more than 50 per cent of Rinker shares last week at which time it declared its US$14.25bn takeover bid unconditional. Cemex has proposed that a formal handover of the company occur in the week starting June 18, which will have all Rinker director’s retire from the board in favour of Cemex nominees. |
Holcim steps ups PR campaign for Oamaru Cement works, New Zealand13 June 2007, Published under Cement NewsHolcim is trying to drum up public support for its proposed $200m cement plant at Weston, near Oamaru, with a series of newsletters to local residents. The company is circulating three newsletters, outlining the economic benefits to the North Otago community of the proposed cement works, and urging those who support it to make submissions to the Waitaki District and Otago Regional councils. In the newsletters, Holcim’s General Manager of Strategy and Development, Paul Commons, stresses the ... |