Cement News tagged under: international
Belarusian Cement Plant to go public, state will control 100% initially06 June 2007, Published under Cement NewsBelarus’ state-run Belarusian Cement Plant, in the Mogilev Region, is expected to go public soon, Architecture and Construction Minister of Belarus Alexander Seleznev told reporters on Tuesday. The state will control 100% in the joint-stock company at the initial phase. “After that it will all depend on investors and their proposals. We will address this matter as early as June and July,” the minister said. Seleznev said an Iranian company was a possible investor. Belarusian Cement Plant... |
Jiamusi Hongji Group exports cement to Russia06 June 2007, Published under Cement NewsJiamusi Hongji Group recently exported 600t of cement to Russia under the name ‘Fuqing’, revealed sources at the company on June 2nd. It is the first time that a company has exported cement overseas after obtaining independent rights for import and export from Heilongjiang Province Government. The company plans to export 30,000t of cement to Russia in 2007. |
Jarislowsky rejects Holcim’s bid for St. Lawrence06 June 2007, Published under Cement NewsA bid by Holcim Ltd. to turn St. Lawrence Cement Group Inc. into a private entity “materially undervalues the company,” says Jarislowsky Fraser Ltd, the cement firm’s biggest minority shareholder. The Montreal investment company, run by outspoken investor advocate Stephen Jarislowsky, put out a statement yesterday saying Holcim’s $40.25-a-share proposal is too low “given the quality of the [St. Lawrence] assets.” The company closed yesterday up 30 cents, at $41. Holcim, base... |
Hanson to impose 40% limit on GGBS content06 June 2007, Published under Cement NewsHanson is set to write to its ready-mix customers asking that concrete is not specified with a GGBS (ground granulated blast furnace slag) content of more than 40%, according to reports from Contract Journal, UK. When cement shortages began to bite, the company started receiving requests for an increased GGBS content to make the available cement go further. This has led to a shortage of GGBS, while cement supplies have now eased. Its ready-mix concrete is usually supplied with a GGBS... |
Protective tariff on cement importation extended, Liberia06 June 2007, Published under Cement NewsPresident Ellen Johnson Sirleaf has issued Executive Order Number 9, extending the protective tariff on cement importation in to the country. The Order suspends the protective tariff of US$2 imposed by the Government of Liberia for 50kg bag of Portland cement brought into the country for construction. The decision, according to the Order is intended to promote competition and reduce the price of the commodity on the Liberian market. An Executive Mansion release said the extension of E... |
HeidelbergCement to try to sell Maxit again05 June 2007, Published under Cement NewsThe previous management of HeidelbergCement tried to sell the Maxit mortars and expanded clay business, but failed to attract any suitable offers and withdrew it from the market in January of 2003. Since then, not only has Maxit’s profitability improved, but there has been a considerable investor appetite for building materials companies, particularly those that are well focussed. Maxit’s trading performance has been considerably helped by improved volumes in markets such as Germany, Sca... |
Holcim closes the sale of its majority stake in Holcim South Africa05 June 2007, Published under Cement NewsHolcim has completed the sale of 85 per cent of its 54 per cent stake in Holcim South Africa to AfriSam Consortium (Pty) Ltd based on an enterprise value of ZAR 16.4bn. The transaction makes Holcim South Africa the leading black-controlled company in the building materials sector and creates an excellent platform for the further development of this company. Holcim maintains a 15 percent stake in Holcim South Africa. Holcim retains a range of pre-emption and investment rights, which cannot b... |
Cemex wins 43.15 per cent of Australia’s Rinker ahead of offer closing date05 June 2007, Published under Cement NewsCemex SA said it now has won acceptances for 43.15 per cent of Rinker Group Ltd’s issued capital ahead of the June 22 expiry of its US$14bn offer for the Australian construction materials group. The Mexican group, the world’s fourth largest cement company, said acceptances have increased from 41.57 per cent announced on Monday. Acceptances from ordinary shareholders have risen to 29.89 per cent from 29.19 pct while acceptances under an institutional acceptance facility, which allows instit... |
CIMA to spend RM400m on expansion05 June 2007, Published under Cement NewsMalaysia’s third largest cement maker, Cement Industries of Malaysia Bhd (CIMA), plans to invest RM400m on expansion after plans to partner French-based cement maker Vicat Group fell through. Last year, it was reported that Vicat wanted to buy a controlling stake in five of CIMA’s eight subsidiaries. The offer was made for Negri Sembilan Cement Industries Sdn Bhd, Pemasaran Simen Negara Sdn Bhd, Unipati Concrete Sdn Bhd, Cimaco Edar Sdn Bhd and Cimaco Quarry Sdn Bhd. Yesterday, CIMA said i... |
India’s Ambuja Cements May sales up 2.7% on year05 June 2007, Published under Cement NewsIndia’s Ambuja Cements Ltd said its cement sales for the month of May grew 2.7% on-year to 1.53Mt. The company’s cement sales for January-May rose 1.8% to 7.32Mt, it said in a statement. |