Cement News tagged under: international
Prosperity Minerals mulling dual listing in HK14 March 2007, Published under Cement NewsChinese cement maker Prosperity Minerals Holdings Limited is considering a dual listing in Hong Kong in a bid to maximise shareholder value, Chief Financial Officer Patrick Li said on Tuesday. "When we have come across here (to London) at previous results, investors have said it would be good to have a dual listing," said in an interview. "We are valued at about seven or eight times earnings, whereas similar companies in Hong Kong are up at about 30 or 40 times," he added. Prosper... |
Colombia Grey Cement Sales Up 17.3% YoY Feb 200714 March 2007, Published under Cement NewsColombian grey cement sales rose to 669,303t in February 2007, up 17.3 per cent YoY, according to data of the Colombian institute of cement producers, ICPC. Colombian grey cement sales totalled 1.32Mt for the period January to February 2007, up 7.9 per cent YoY. Cement consumption in Colombia was driven up by the rising number of public and private construction projects, including new housing and infrastructure expanding programmes. The areas, where grey cement consumption is ... |
Kryvyi Rih Tsement closes 2006 UAH 57.4m in profit14 March 2007, Published under Cement NewsKryvyi Rih Tsement (Dnipropetrovsk region), one of the five largest cement producers in Ukraine, finished 2006 with net profits of UAH 57.394m. By late 2006, the company assets made up UAH 376.254m, undistributed profits - UAH 50.36m. The company notes, that in June 2006 Dniprotsement was adjoined to Kryvyi Rih Tsement and the financial accounts reflect assets, obligations and capital of the joint enterprises as to their balance value. The company increased cement output by 4.7... |
Indonesian cement consumption forecast to rise 8.4% in 1Q14 March 2007, Published under Cement NewsIndonesia’s cement consumption is forecast to increase 8.4 per cent to 7.55Mt in the first quarter of this year from 6.97Mt in the same period last year. Based on data at the Indonesian Cement Association (ASI) in February, the country’s cement consumption rose 3.5 per cent to 2.3 million tons from the same month last year. ASI chairman Urip Timuryono said cement consumption is expected to continue to increase this year with many construction projects planned including infrastructure proje... |
Polish cement output soars14 March 2007, Published under Cement NewsIn February 2007 Polish cement works turned out 697,100t of cement, which represents growth of nearly 150% in relation to February 2006. Output of clinkers amounted to 554,300t, which translates into YoY growth of 58.3%, according to data from the Association of Cement Producers. Cement output after the first two months of 2007 jumped 213 per cent YoY, and in the case of clinker – 152%. Sales of cement in February reached 683,600t, with the domestic market accounting for 660,500t. The bi... |
Philippine cement makers to justify price hikes - Trade execs13 March 2007, Published under Cement NewsCement producers have said they will not raise cement prices until the end of summer and that they will submit a list of costs that have forced them to increase cement prices, Trade officials told reporters yesterday. This, after a World Bank presentation during the recently concluded Philippine Development Forum [PDF] in Cebu City showed that Philippine cement prices were among the highest in Asia. "They [cement manufacturers] promised to keep the price up to the end of summer," Tr... |
Cement companies investigated for alleged cartel involvement13 March 2007, Published under Cement NewsThe Brazilian federal antitrust investigator (SDE) is probing eight cement manufacturing companies for possible involvement in a cartel, government news service Radiobrás reported. The SDE, a division of the justice ministry, opened its investigations on March 8 following accusations by an ex-employee of Votorantim Cimentos that the companies agreed upon prices and conditions of payment. The companies under investigation are Votorantim, Camargo Corrêa, Holcim, Lafarge do Brasil (... |
Construction of large cement plant begins, Vietnam13 March 2007, Published under Cement NewsConstruction of a cement plant with a designed capacity of 3300tpd of clinker or 1.2Mta of cement has begun in Nho Quan district, northern Ninh Binh province. The plant has an investment capital of US$126.7m from the Viet Nam Construction Investment and Export-Import Corporation (Constrexim Holdings), the Song Gianh Construction Material Joint-stock company and the ILG company. It will have a modern production line imported from Europe. The plant is planned to be operational i... |
Lafarge, Vicat fined EUR25M over supplying in Corsica13 March 2007, Published under Cement NewsLafarge SA and Vicat SA have been fined a total EUR25m by the French competition regulator over their supply deals in Corsica, the regulator Conseil de la Concurrence said Monday. The Conseil de la Concurrence said in a statement that it has fined Lafarge EUR17m and Vicat EUR8m for preventing competition on the island in the late 1990s. The regulator said the two companies reached deals with local Corsican cement retailers between 1997 and 1999 to secure the entire island’s cement sup... |
AIC expects decision on construction of a new cement plant13 March 2007, Published under Cement NewsLafarge has completed the raw material study in the provinces of Tovuz and Gazakh in Azerbaijan and is summarising the findings currently, says the deputy executive director of AIC Riyad Gasimov. AIC expects Lafarge to a conclusion until the end of this month, according to Mr Gasimov. The representatives of Lafarge once visited Azerbaijan in early March to check the Azeri cement market as well as the raw material sources. Lafarge may build a second cement plant in the country to... |