Cement News tagged under: international
Conditions ripe for large-scale reshuffle of China’s cement industry09 May 2007, Published under Cement NewsThe conditions for large-scale strategic restructuring are ripe for China’s cement industry, while a number of big enterprises will grow strong in this process, according to a recent international cement summit meeting held in Beijing. Lei Qianzhi, president of the China Cement Association, said that fostering large enterprise groups of international competitive edge through strategic restructuring and raising production concentration are the priority tasks of structural adjustment of th... |
Building boom in Gujarat boosts cement consumption09 May 2007, Published under Cement NewsAn unprecedented construction boom in Gujarat is expected to propel cement consumption to touch at least 14Mt in 2007-08 from current 12.5Mta. Cement companies are positive that the high per capita consumption of cement in Gujarat at 250kg - compared to the national average of 125kg - will further cement their position in the state. According to Cement Manufacturers’ Association secretary-general EN Murthy, the construction boom across India has taken cement consumption from 143Mt in 20... |
TNPL setting up mini cement plant09 May 2007, Published under Cement NewsTamil Nadu Newsprint and Papers Ltd of India plans to set up a mini cement plant using the waste products generated from its paper mill as a raw material. The company also plans to use the real estate that it owns in Chennai to set up a 4-lakh sq ft information technology park. According to an official press release, moving the demand for grants to the Industries Department, the Tamil Nadu Chief Minister, Mr M. Karunanidhi, announced in the Assembly that TNPL would set up a 400tpd cement p... |
Holcim: strong start to the year in Europe and Asia, but weaker in the Americas08 May 2007, Published under Cement NewsHolcim’s first quarter turnover rose by 23.8% to SFr5,728m (EUR3,536m) and the operating EBITDA advanced by 34.0% to SFr1,342m (EUR828m) with margins improving from 21.6% in 2005 to 23.4%. The trading profit improved by 44.2% to SFr904m (EUR558m) and at the net attributable level the increase was 109.4% to SFr356m (EUR220m). Net debt at the end of March stood at SFr13,505m (EUR8338m) with the gearing level standing at 70.0% compared with 91.2% a year earlier. Cement volumes in the period r... |
Lafarge looks to invest US$40m in Ventanas08 May 2007, Published under Cement NewsThe Chilean unit of Lafarge is evaluating the feasibility of building a US$40m milling plant in Ventanas, in central region V, according to local news reports. Press reports from ’La Tercera’ noted that Lafarge’s subsidiary - which up until last week was called Cemento Melón - is evaluating the economic feasibility of building the 600,000tpa capacity plant. The decision needs to be made by the beginning of 2008 in order for the plant to start operating by 2009. The company’s environ... |
Halkida cement factory to restart operation, Greece08 May 2007, Published under Cement NewsA trilateral meeting between the association of workers and the management of the AGET Heracles cement company was held in Athens on Monday in the presence of Deputy Employment and Social Protection Minister Gerassimos Yiakoumatos. During the meeting, decision was reached that the cement factory in Halkida, central Greece, which has been closed since April 16, will operate normally as of Tuesday 8 May 2007 and that there would be no obstacles on the part of the workers for its smooth f... |
Four bid for Nigerian stake in Benin cement plant08 May 2007, Published under Cement NewsLafarge is one of four bidders competing for Nigeria’s 43 per cent stake in a cement plant in neighbouring Benin, Nigeria’s privatisation agency said on Monday. Privatisation is a key element of economic reforms being pursued by Nigerian President Olusegun Obasanjo, who must step down on May 29 after serving two terms. It was unclear whether the final sale of the stake would be completed before the handover to president-elect Umaru Yar’Adua. Yar’Adua has promised to continue Obasanj... |
Sales of cement increases in Venezuela08 May 2007, Published under Cement NewsDomestic sales of cement in Venezuela totaled 1.54Mt in the first quarter of this year boosted by the construction sector. It represents an increase of 20.80 per cent compared with equal period of 2006 when sales totaled 1.26Mt. The information was announced by Venezuelan cement producers association Asociacion Venezolana de Productores de Cemento. |
President Obasanjo to commission Dangote cement factory, Nigeria08 May 2007, Published under Cement NewsPresident Olusegun Obasanjo will on May 12, formally commission the first phase of the multi billion naira Obajana Cement factory, which consists of lines 1 and 2. The president is also expected to lay the foundation stone of the second phase which will consist of lines 3 and 4. President of Dangote Industries Limited, Alhaji Aliko Dangote, recently said that the Obajana Cement project would save Nigeria approximately $385m (N50bn) in foreign exchange annually when completed. H... |
Cemex extends Rinker bid, perpetual to accept offer08 May 2007, Published under Cement NewsCemex has won over Rinker Group Ltd’s biggest shareholder in its $18bn bid for the Australian building materials maker. In a coup for the company, major Rinker shareholder Perpetual Ltd today said it would accept an increased offer from Cemex which also extended its bid by three weeks. Cemex raised its offer by 22 per cent last month, in a second attempt to snap up its Australian peer. Today, it extended the bid to June 8 from May 18, and said it would waive a 90 per cent acc... |