Cement News tagged under: international
Polish producers warn over cement shortages16 May 2007, Published under Cement NewsA potential lack of construction materials in Poland has been highlighted in the local Polish press, following recent announcements that Poland has been awarded the prize of hosting the European Cup in 2012. Preparing for this major football event will require new stadiums, many more hotels and almost a thousand kilometers of highways, and twice as many high-speed roads, and there is doubt that sufficient basic building materials are available for this major investment spend. Expressing... |
Barloworld’s DRC unit a potential cash cow16 May 2007, Published under Cement NewsBarloworld’s newly established joint venture in the Democratic Republic of Congo (DRC) had a potential to generate about $100m (R700m) in revenue within the first five years of operation, chief executive Clive Thomson said yesterday. Earlier this month it said it had entered into a joint venture with Tractafric Equipment, the Caterpillar distributor in the DRC, to service earth moving equipment in the copper- and cobalt-rich Katanga province. Barloworld is Caterpillar’s distributor in ... |
China’s Sinoma wins US$162m contract from Yemeni Saudi Cement16 May 2007, Published under Cement NewsSinoma International Engineering Co Ltd said it won a contract, valued at US$162m, to design and provide equipment to one of the production lines of Yemeni Saudi Cement Co. In a statement to the Shanghai Stock Exchange, Sinoma said the cement production line, located around Batais in Yemen’s Abyan Governorate, has a daily capacity of 4,000 tons. It said the project will be completed in 25 months. |
Rural housing turns best bet for cement, India16 May 2007, Published under Cement NewsWith increasing rural affluence, demand for cement for construction of houses in villages has gone up significantly over the last few years. Rural housing, according to industry estimates, is expected to account for 50 per cent of the overall demand for cement during this year and beyond, replacing the traditional drivers for cement consumption - infrastructure and the urban housing segment. "The cement industry is expecting around 50 per cent of the overall demand to come from the rural h... |
Foreign cement makers line up for BIS approval, Pakistan16 May 2007, Published under Cement NewsThe Pakistan government’s effort to fight inflation by removing import duty on cement has had the desired result: a clutch of foreign firms have applied for Bureau of Indian Standards (BIS) certification as a precursor to shipping cement to India. “We have received about 11 to 12 applications from foreign cement manufacturers. Most of the applications are from manufacturers in Pakistan. We have also received applications from manufacturers in Bangladesh and Hong Kong,” said P.K. Batra, head... |
HeidelbergCement in agreed UK£8bn offer for Hanson, UK15 May 2007, Published under Cement NewsHeidelbergCement confirmed it is bidding 1,100 pence per share to buy UK building materials company Hanson PLC, valuing the company at about UK$8bn. The board of Hanson will ’unanimously recommend that Hanson shareholders vote in favour’ of the offer as a merger of the two companies is ’strategically compelling, creating a strong, market leading, global building materials group,’ Hanson said in a statement. The 1,100 pence offer price represents a 50 pct premium to the average clos... |
Barloworld cement unit in Zimbabwe hit by forex15 May 2007, Published under Cement NewsThe acute shortage of foreign exchange in Zimbabwe had put “significant constraints on the normal operation” of cement company Portland Holdings (Porthold), making it impossible for its management to “exercise effective control over the business,” industrial group Barloworld said yesterday. Speaking at the announcement of Barloworld’s results for the six months to the end of March, company CEO Clive Thomson said lack of access to foreign currency had affected the Zimbabwean company’s abilit... |
American firm to construct cement factory in Ethiopia15 May 2007, Published under Cement NewsNorth Holding Investment Inc (Ethiopia Branch), an American investment firm, is planning to construct a close to five billion Birr cement factory in the Dejen Zone of the Amhara Regional State. The company received its license from the Amhara Regional Investment Commission almost nine months ago and will construct a factory with an annual production capacity of 7.8 million tonnes of cement. Of the 451 investments made in the Amhara Regional State during the same period, this is by far the ... |
Nishat Group announces launch of 7000tpd plant, Pakistan15 May 2007, Published under Cement NewsThe Nishat Group of Pakistan has announced the launch of its 7000tpd state-of-the art cement plant supplied by FLSmidth of Denmark at Khairpur, District Chakwal. DG Khan Cement Company Limited, a member of Nishat Group is one of the largest cement manufacturers in Pakistan. This plant located in the Kahoon valley. |
Cimpor Q1 2007 net profit seen down 15.9% YoY15 May 2007, Published under Cement NewsCimpor is expected to post a 15.9 per cent YoY drop in net profit to EUR66.3m ($89.8m) for the first quarter of 2007, according to estimates of Lisbon Brokers on May 14, 2007. Lisbon Brokers also forecasts a slight increase in Cimpor’s earnings before interest, tax, depreciation and amortisation (EBITDA) to EUR139.5m (US$189m) in the first three months of 2007. The company will register a significant improvement in terms of earnings results in the second half of 2007, after the int... |