Cement News tagged under: international
China’s output of cement in April 200711 June 2007, Published under Cement NewsChina produced 116,436,000t of cement in April 2007. The output in January-April reached 359,090,000t, up 14.5 per cent year on year, according to the National Bureau of Statistics. |
Cemex UK announces performance improvements in all it cement plants in 200711 June 2007, Published under Cement NewsCemex UK has announced improved productivity at all three of its cement plants which together achieved world-class efficiency levels of 95.4% in the period January to June 2007. This has resulted in an increase in production of 13 per cent compared to the same period last year. The current world class production performance is being complemented by significant environmental improvements including the use of alternative fuels, which have been increased by 75% over the last two years. Ther... |
Cemex declares US$14bn offer for Australia’s Rinker unconditional08 June 2007, Published under Cement NewsCemex SA has declared its US$14bn offer for Rinker Group Ltd unconditional after gaining acceptances for more than 50 per cent of the Australian construction materials group’s issued capital. The Mexican group said acceptances have increased to 50.34 per cent from 49.51 per cent announced yesterday. The increase in stake to over 50 per cent saw Cemex cancel the right of institutional investors to withdraw acceptances made under an institutional acceptance facility. Last month Cemex ... |
Cimpor buys stakes in Cimentacor, Betao Liz, Sells Cimentos Madeira08 June 2007, Published under Cement NewsCimpor announced on June 6, 2007 that it had completed the acquisition of local construction material plants Cimentacor - Cimentos dos Acores and Betao Liz from its peer Secil for a total EUR11.64m. Secil, in turn, became owner of the entire stake in Cimentos Madeira after acquiring Cimpor’s stake in it for some EUR6m. In a regulatory filing, Cimpor noted that through its wholly owned subsidiary Cimpor Betao, it had acquired from Secil 33.37 per cent of the share capital of Betao L... |
Turkey’s Oyak Cement registers $60.4m net profit in 1Q0708 June 2007, Published under Cement NewsTurkey’s Oyak Cement Group said it registered a net profit of TRY79.7m (US$60.4m) in the first quarter of 2007. The group, which includes listed companies Adana Cimento, Bolu Cimento, Unye Cimento and Mardin Cimento, said first-quarter sales rose by 40 per cent on the year to TRY150.2m (US$113.75m). Profit margin reached 53.1 per cent. Oyak Cement Group has a production capacity of 7Mt clinker and 12Mt cement. The company leads in the sector with 14 per cent market share since 20... |
Lafarge to invest EUR20m in Romanian Aggregates Unit 200708 June 2007, Published under Cement NewsLafarge plans to invest EUR20m (US$27m) in 2007 to develop its Romanian limestone quarry and aggregates producer Lafarge Agregate Betoane, the group said on June 7, 2007. Lafarge Agregate Betoane operates 14 aggregate stations, seven quarries and a warehouse in the country. The company has recently launched its second mobile aggregates station for asphalt production. Lafarge Agregate Betoane is controlled by domestic cement producer LafargeCement, part of the Lafarge group. ... |
Vietnam stops licencing new cement projects08 June 2007, Published under Cement NewsThe Prime Minister has asked the Ministry of Construction to examine the implementation of licenced cement projects and halt licencing new cement plants. The Prime Minister has also asked for the acceleration of the implementation of projects which have been approved, and for capacity surplus to be avoided to ensure the effective development of the cement industry. Predictions on the demand and supply of cement say that cement supply and demand will be in balance by 2009. Total cement outp... |
Lafarge may face legal action on Russia merger plan08 June 2007, Published under Cement NewsA German fund firm is considering legal action against Lafarge over the French cement company’s plans for an $800m merger of two Russian subsidiaries. Wermuth Asset Management said the merger valuations ascribed to JSC Voskresenskcement and JSC Uralcement were flawed and unfair on minority shareholders in JSC Voskresenskcement. "In spite of the imperfections of Russian legislation, of which we are aware, we are prepared to take legal actions against Lafarge Group or any of its subs... |
Rising cement prices, soaring construction costs, Rwanda08 June 2007, Published under Cement NewsIncreases in the domestic price of cement appear imminent and will raise the cost of major construction projects in the country. This comes after the country’s distributors and retailers hiked prices over speculations that Rwanda Cement (Cimerwa) had closed. But The New Times has leant that the factory is operational and producing at full capacity. Claude Barihuta, Cimerwa director general, blamed the current price increase on dealers. He said dealers are hording cement to caus... |
Belarus’ Economy Ministry sets single cement price for all retailers08 June 2007, Published under Cement NewsBelarus’ Economy Ministry has signed resolution #112 to set a single cement price for all retailers, the press service of the ministry said in a press release. A 50-kilogram bag of ПЦ 400-Д20 cement will cost 14,950 Belarusian rubles (Br). The current cement price is 1.6-1.8 times as low as in Ukraine and 1.6-2.1 lower than Russian retail prices. The ministry attributes the move to abuse of retailers, failure to meet the domestic demand and financial troubles of producers, who face... |