Cement News tagged under: international
British Precast member companies updated on UK cement supply position18 May 2007, Published under Cement NewsAt today’s British Precast Concrete Federation AGM and Annual Conference members heard informative presentations from Mike Gilbert, Chief Executive of the British Cement Association, and Andy Murphy of Lafarge Cement UK to update members about the current and future cement supply position. Members were reassured by the BCA presentation that the position with Cemex, Buxton Cement and Castle Cement supplies to the precast sector are currently normal and unaffected. Andy Murphy explained the mo... |
Sabanci to invest more in cement17 May 2007, Published under Cement NewsTurkey’s Sabanci Holding cement group plans US$367m investment, mainly for capacity increase this year, said head of Sabanci’s cement group Erhan Kamisli. Akcansa will invest US$310m while, Cimsa and Oysa will invest US$62m and US$4m, respectively. With these investments, the group will reach an annual clinker production capacity of 11.3Mt and will also be able to produce 18.7Mt of cement annually, according to Kamisli. After the completion of the investments, Sabanci cement group... |
Midland jobs ’safe’ after Hanson deal17 May 2007, Published under Cement NewsHundreds of jobs will be secure in the UK Midlands despite the UK£8 billion agreed takeover of building materials group Hanson by Germany’s HeidelbergCement. HeidelbergCement, the aggregates and building materials group, said it saw no "large scale" job losses from the deal which still requires shareholder approval. Heidelberg has an office for its Castle Cement business in Birmingham, and Hanson employs about 250 at asphalt plants and quarries in Nuneaton and Rowley Regis. But it is... |
Ukraine cement output increases17 May 2007, Published under Cement NewsProduction of cement increased by 29 per cent in April, compared to March. In January-April 2007 production of cement rose by 30.2 per cent, as compared with the same period of 2006, to 3,867,000t. As Ukrainian News earlier reported, in March 2007 cement output grew by 33.1 per cent, in comparison with March 2006, to 1,063,000t. In 2006, production of cement grew by 12.9 per cent compared to 2005 to 13,732,000t. More than 15 companies produce cement in Ukraine, and their total annual ... |
Peruvian domestic cement sales increase17 May 2007, Published under Cement NewsCement sales on the domestic Peruvian market increased to 756,471t in the first four months of 2007 from 570,541t for the same period of 2006, the Peruvian cement producers association Asocem said on May 16, 2007. Cement output in Peru dropped by 0.41 per cent in the period to 815,466t Cement exports fell 76 pct in the period to 57,249t. The total cement sales, including domestic sales and exports, rose by 0.49 pct to 1,813,720t. The higher demand of cement on the Peruvian market was... |
Inflated energy costs weigh on cement, steel industries17 May 2007, Published under Cement NewsRising energy costs over the past three months have forced Vietnamese producers to keep steel and cement prices high, despite global commodity trends to the contrary. Nguyen Tien Thoa, head of the Ministry of Trade’s Price Management Department, says the Government mandated fuel price hike in March caused a domino effect throughout April as companies grappled with inflated energy costs. Higher energy costs have also had a similar impact on cement with prices rising to between VND880,... |
Cement factory blaze investigated17 May 2007, Published under Cement NewsA fire at a cement factory in Flintshire is being investigated by the Environment Agency. The blaze at the Castle Cement plant in Padeswood, near Mold, started on the seventh floor of the production tower early on Monday. The North Wales Fire and Rescue Service said it involved 100 kilograms of rubber chippings on a conveyor belt. No environmental impact has been detected, but Environment Agency officials are investigating the cause. Fire crews were called to the scene at 1206 BST o... |
Obajana Cement’s new production lines17 May 2007, Published under Cement NewsObajana Cement PLC’s new production lines 3rd and 4th will require about US$1.6bn, according to the company’s Chairman / President of Dangote Group, Alhaji Aliko Dangote. The recently completed and commissioned lines 1 and 2 of the factory were built at the cost of US$1.2bn. The Obajana cement factory was conceived by Dangote to meet the entire cement need of the country, and so reduce the price of cement in Nigerian market. With two production lines, each of 2.5Mta, the factory alone i... |
Russia’s Novoroscement plants sold17 May 2007, Published under Cement NewsRussia’s leading export facilities and an important regional producer along Russia’s southern market, the Novoroscement complex has recently been sold by its Russian owners to another local group via the Moscow-based conglomerate Gazmetalloproekt. Full ownership details are unclear but apparently the sale involves Alisher Usmanov, the Russian steel and iron ore magnate, who is said to be worth around US$3bn at the latest count, and his partners. The deal has actually been marked up to conf... |
HeidelbergCement offers EUR11,700m for Hanson16 May 2007, Published under Cement NewsThe agreed bid by HeidelbergCement for Hanson will create the world’s largest aggregates producer and the at the bid price of 1,100 pence values Hanson at some EUR11,700m, a record price for a building materials company. The price represent an historic exit multiple of 12 times, which compares favourably with the recent major deals in the sector by Vulcan and Cemex, in particular given Hanson’s asbestos liabilities. Pro forma, the enlarged HeidelbergCement group will have a turnover of EUR... |