Cement News tagged under: international
Indian producers agree to "look into" price cut issue07 March 2007, Published under Cement NewsIndian cement making companies have agreed to "look into" the issue of rolling back price hikes announced after last week’s federal budget raised excise duty on the product, the Business Standard reported, quoting Manoj Gaur, executive chairman of Jaiprakash Associates Ltd. "The (Finance) minister asked us to explore the possibility of moderating prices and we have offered to look into it," Gaur told the paper. Gaur, who is also the president of the Cement Manufacturers’ Association o... |
Indonesia’s Gresik says no major damages from quakes07 March 2007, Published under Cement NewsIndonesia’s largest cement maker, PT Semen Gresik Tbk , said it had found no significant damage so far to its unit in West Sumatra due to the strong earthquakes on Tuesday. |
Cimpor drops bid for Egyptian cement company MISR06 March 2007, Published under Cement NewsCimpor has dropped its takeover bid for Egyptian cement company MISR Cement Co SAE. In a filing with stock market regulator CMVM, Cimpor said that the bid resulted in a lower number of shares than the minimum settled as a condition for its success. It gave no further details. Cimpor was offering to buy all the 30 mln shares which make up MISR’s share capital, conditional on receiving acceptances from holders of 15 mln shares plus one of MISR. Cimpor had increased its bid f... |
Anhui Conch Cement seeking stakes in 3 listed companies06 March 2007, Published under Cement NewsAnhui Conch Cement Co Ltd is seeking to acquire stakes in three listed companies via share swaps, according to local press reports. The targetted companies are reported to be Jiangxi Wannianqing Cement Co Ltd, Zhejiang Jianfeng Group Co Ltd and Gansu Qilianshan Cement Co Ltd. Beginning August, Anhui Conch Cement held several rounds of discussions with the Jinhua City State-owned assets office to acquire a 27.61 per cent stake in Zhejiang Jianfeng Group, the largest cement producer in... |
EUR340m bid for Swiss builders is launched by CRH06 March 2007, Published under Cement NewsCRH has launched a EUR340m friendly bid for Swiss building materials and distribution group Getaz Romang in a strategic move that will more than double to c. EUR 1bn the group’s turnover in that market. The board of publicly- listed Getez Romang said it will support the public tender offer, while CRH has also negotiated a sale and purchase arrangement with two shareholders who together own 23.6 per cent of the stock. One of these is the Swiss group’s current chief executive Jean... |
Holcim Hungaria submits environmental study for plant06 March 2007, Published under Cement NewsHolcim Hungaria Zrt., the Hungarian unit of Swiss cement producer Holcim Ltd submitted Monday the environmental impact study for its planned HUF65bn (US$339.7m) cement factory in northwestern Hungary. Holcim Hungaria President Richard Skene said the study showed the cement factory to be built in Nyergesujfalu will have minimal impact on the environment and doesn’t present any threat to public health, MTI reported. The study was prepared by independent analysts, academics and environm... |
Lafarge to move regional HQ from South Africa to Zambia06 March 2007, Published under Cement NewsLafarge, the holding company of Zambia’s Chilanga Cement Plc, has announced its decision to move its regional headquarters from Johannesburg of South Africa to Lusaka, Zambia. Thomas Ehrhart , managing director of Chilanga Cement Plc said Lafarge made the decision considering the growth of the company’s operations at its subsidiary Chilanga Cement. "The decision to move the headquarters to Lusaka is in recognition of the importance of Zambia to Lafarge group," Ehrhart said. ... |
India cement makers unlikely to cut prices – government official06 March 2007, Published under Cement NewsIndian cement manufacturers are unlikely to respond to a government request that industry cut prices to cool inflation, a government official said Monday. "We have requested (cement companies) rein in prices, but they have expressed their inability due to the difference in excise levy," said the senior industry ministry official. In the annual budget last week, the government raised the excise tariff on cement to 600 Indian rupees ($13.55) a ton from INR408/ton for a 50 kilogram bag ... |
Vietnam produces 5.1Mt of cement in Jan-Feb06 March 2007, Published under Cement NewsCement makers in Vietnam reportedly produced 2.3Mt of cement in February, raising the total figure to more than 5.1Mt in the first two months of this year, an increase of 23.6 per cent YoY, said the Ministry of Industry. Of the total figure, state-run enterprises made 2.98Mt, up 15.7 per cent YoY, foreign-invested firms made 1.6Mt, a rise of 32.8 per cent YoYand the remainder was from private businesses, increasing by 50.7 per cent YoY. Vietnam is estimated to need 35.6Mt in 2007, com... |
HeidelbergCement to divest of Vicat05 March 2007, Published under Cement NewsHeidelbergCement intends to dispose of its 35.03% interest in Vicat during the second quarter of 2007, subject to stock market conditions. The Vicat family, which has a majority stake in the company, intends to increase its holding by buying up to a further 12% of the share capital. As a result, the free float in Vicat is set to increase from around 5% at present to approximately 28%. HeidelbergCement has held a minority interest in Vicat since 1968 and twice increased its stake, but has now... |