Cement News tagged under: international
Taiheiyo Cement liquidates rmc concrete plant02 March 2007, Published under Cement NewsTaiheiyo Cement Corp has confirmed the liquidation of ready-mixed concrete plant Amagasaki Onoda Remicon, its consolidated subsidiary, as of March 31, 2007, in the view of no prospect of recovery from excessive debt. Amagasaki Onoda Remicon was established on the bases of JPY20 million, invested 40 percent by Taiheiyo Cement, 35 percent by two consolidated subsidiaries of Taiheiyo Cement and 25 percent by other companies. |
Indian expansion leads growth at Holcim01 March 2007, Published under Cement NewsHolcim’s turnover rose by 29.8% in 2006 to SFr23,969m (EUR15,170m) and the operating EBITDA advanced by 31.5% to SFr6,086m ( EUR 3,852m) as margins improved from 25.1% in 2005 to 25.4% last year. On a comparable basis, turnover rose by 9.0%, with acquisitions adding 19.5% and the remaining 1.3% coming from exchange rates. The trading profit improved by 32.2% to SFr4,385m ( EUR 2,775m), while at the net level the increase was more marked at +52.0% before minorities and +39.2% at the net... |
Lafarge completes roof division sale to PAI Partners01 March 2007, Published under Cement NewsLafarge SA has completed the sale of a controlling stake in its roofing-tile business to Paris-based private equity firm PAI Partners. The sale, which values Lafarge Roofing at EUR2.4 billion, was announced in December. As previously announced, Lafarge, the world’s largest cement maker, will keep a 35% stake in the roofing business alongside PAI Partners in order "to take part in (the business’) future success," Lafarge Chief Executive Bruno Lafont said. Besides clay and concrete r... |
India Finance Ministry: cement prices beyond "reasonable limit"01 March 2007, Published under Cement NewsIndia’s Finance Minister P. Chidambaram Thursday asked cement makers and other manufacturers for help in fighting inflation. "Cement prices have gone up beyond all reasonable limits...I would urge the industry to hold the prices to fight inflation," Chidambaram said, addressing industry lobby groups. According to latest government data, the country’s inflation eased to 6.63% in the week ended Feb. 10 from 6.73% a week earlier, much above the central bank’s comfort level of 5.0%-5.5%.... |
India’s Gujarat Ambuja Feb shipments up 9.7 per cent YoY01 March 2007, Published under Cement NewsGujarat Ambuja Cements Ltd. , India’s third-biggest cement maker, said its February shipments rose 9.7 per cent to 1.36Mt from a year earlier. Production rose to 1.37Mt from 1.21Mt a year earlier, the company said in a statement. |
Cimpor completes acquisition of Turkish cement company YLOAC28 February 2007, Published under Cement NewsCimpor said that it has completed the acquisition of 99.68 pre cent of the share capital of Turkish cement company Yibitas Lafarge Orta Anadolu Cimento Sanayi ve Ticaret AS (YLOAC) for about EUR548m. In a filing with bourse watchdog CMVM, Cimpor said the acquisition was completed after receiving approval from the Turkish Competition Board. |
Ukraine Cement output up 56.9 per cent YoY Jan 200728 February 2007, Published under Cement NewsUkraine’s cement output jumped by 56.9 per cent YoY, but declined by 26.9 per cent month-on-month to 767,000t in January 2007, data of the State Statistics Committee showed. The country’s cement production rose by 55.9 per centt on the year to 762,100t in the first month of 2007, according to estimates of local cement producers’ association Ukrcement. Local companies Doncement and Podilsky Cement ranked first in terms of cement production in January with 113,000t each, followed by V... |
Vicat’s offer for Malaysia’s CIMA units lapses28 February 2007, Published under Cement NewsAn offer by French cement firm Vicat to acquire equity interests in five subsidiaries of Cement Industries of Malaysia Bhd (CIMA) has lapsed, CIMA said in notes accompanying its fourth-quarter results. |
Egypt’s OCI in deal to build Saudi cement plant28 February 2007, Published under Cement NewsEgypt’s Orascom Construction Industries said on Tuesday it had agreed to a joint venture with the Saudi Khayyat Group to construct a greenfield cement plant in the kingdom for up to $360m. OCI said in a statement that the plant, to be built in western Saudi Arabia about 140km (85 miles) from Jeddah, would initially have capacity of 1.4Mt, with an option to upgrade production capacity to 2Mta. The firm said the plant would raise OCI’s total annual cement capacity to 36Mt by early 2... |
Real estate developers worried over cement shortage28 February 2007, Published under Cement NewsGhana Real Estate Developers (GREDA) on Tuesday expressed worry over the non-availability of cement as a core product of the building industry. Dealers of the product have blamed the Ghana Cement Manufacturing Company (GHACEM), the major manufacturer of the product, for releasing limited quantities onto the market the company in turn has blamed the current load shedding exercise for the reduced level of production. Production levels of cement has reduced to some 5 thousand tons a day from ... |