Cement News tagged under: international
Australia’s Rinker Group: New Quarry Operation In Las Vegas02 May 2007, Published under Cement NewsRinker Group Ltd. (RIN.AU), the subject of a US$14.25 billion takeover bid by Mexico’s Cemex SA (CX), said Wednesday it will expand its U.S. business with a new quarry in Las Vegas. Rinker said the new quarry will lift aggregates production in that region by more than 40 per cent. It will source its aggregates raw feed under a long-term supply agreement with Chemical Lime Company of Arizona - processing and marketing around 2Mta. The expansion follows the acquisition of the aggregate... |
Hanson Pipe & Precast Acquires Eagle Precast, Inc.; Acquisition Expands Company’s Presence in the Western U.S.02 May 2007, Published under Cement NewsStrengthening its Western United States precast presence, Hanson Structural Precast, a division of Hanson Building Products North America, today announced the purchase of Cheyenne Concrete Company with its subsidiaries Eagle Precast Company and Alpine Crane & Rigging. Eagle Precast is a Salt Lake City-based manufacturer of precast/prestressed concrete structural and architectural building components. The acquisition includes two facilities in Salt Lake City and Caldwell, Idaho. Alpine Crane ... |
Nigeria: rising cost of cement02 May 2007, Published under Cement NewsThe unprecedented rise in price of cement in recent times is, to say the least, lamentable, says Sun News Publishing. The development is a serious slur on the promises of the government that the product would be available and affordable with the resuscitation of existing local cement factories. Instead of the price of cement coming down as expected, it keeps going up and gradually, a bag of cement that was sold for N500 about two years ago rose to an all-time high of between N1, 100 and ... |
OCI expands into new middle east cement market02 May 2007, Published under Cement NewsOrascom Construction Industries (OCI) has announced that it has established Syrian Cement Company, which will construct a greenfield cement plant in Northwest Syria with a production capacity of 2Mta. OCI owns 75 per cent of the new company with the remaining shares held by Mas Economic Group, headed by Mr. Ferras Tellas, a prominent local businessman. The new plant will primarily cater to the domestic market which is in deficit and the production capacity may be increased to 3Mt at a l... |
Yemeni, Saudi investors consider new cement plant01 May 2007, Published under Cement NewsYemeni and Saudi investors have signed a contract with a Chinese firm to set up a 1Mta cement plant in Yemen at a cost of around US$220 million. Saudi Arabia’s Al Essayi Group said on Monday that China National Building Material Co. (CNBM) will build the plant. The deal is the second for a cement plant in the poor Arab state this month. Essayi and its Yemeni partners will each own a 20 per cent stake in the plant, which will be built in the southern Abyan province, some 100km (62 m... |
Saudi cement production shortage & pricing under study01 May 2007, Published under Cement NewsPrince Salman Bin Abdul-Aziz, the Governor of Riyadh Region approved recently the formation of a follow up committee to study the shortage and pricing of Cement. In a press statement issued here today, Hassan Fadhl Aqeel, the Under Secretary at the Ministry of Commerce and Industry for Local Trading said this committee – comprising representatives from the Riyadh Governorate; the Ministry of Commerce and Industry; the Riyadh Municipality, the Riyadh Police and Yamama Saudi Cement Company... |
Vietnam: Construction starts in northern province01 May 2007, Published under Cement NewsThe construction of a cement project started in Thanh Thuy commune, Thanh Liem district, northern Ha Nam province on April 27 in the presence of State President Nguyen Minh Triet. The project is a joint venture between the Hoa Phat Group and the Asian Commercial Joint Stock Bank (ACB). According to Chu Quang Vu, Director of the Hoa Phat Cement Company, the project is implemented in two phases with the first phase to be completed in the third quarter of 2008 at a cost of US$75m. By th... |
Cemex confident of Rinker deal01 May 2007, Published under Cement NewsMexican cement producer, Cemex, says it remains confident of securing the required support for its US$15.85-a-share takeover offer for construction materials company, Rinker. Cemex’s senior vice-president of planning and finance, Juan Pablo San Agustin, has begun a series of meetings with 15 key institutions in Sydney. A crucial one will be with 10.3 per cent Rinker shareholder and potential dealbreaker Perpetual Investments, which is yet to declare its hand. ’Right now I don’t see why we wo... |
Siam Cement seeks lower sales target30 April 2007, Published under Cement NewsThe building-materials arm of the Siam Cement Group (SCG) will ask the conglomerate’s board to lower its revenue target for this year, Pichit Maipoom, the president of Cementhai Building Products, the holding company for the SCG’s construction-material interests, said yesterday. At the beginning of the year, it targeted Bt23bn to Bt24bn in revenues, up from Bt22bn last year. This target was based on the assumption that the property market would grow three per cent this year, but it cont... |
Poor outlook key to Rinker takeover30 April 2007, Published under Cement NewsThe storm clouds surrounding building products maker Rinker Group’s profit outlook influenced the board’s decision to recommend rival Cemex’s takeover offer, according to a company briefing yesterday following the release of its annual results. In what may be its last results announcement as a standalone company, Rinker reported a 5.7 per cent lift in net profit to US$782.4m (US$1.07bn) for the year ended March 31. At the same time, the cement maker warned that its profit in the 2... |