Cement News tagged under: international
Lafarge invest US$50m in plasterboard plant28 February 2007, Published under Cement NewsFrench cement maker Lafarge and Mexican paints maker Comex have invested US$50m (EUR37.8m) in a plasterboard plant in Mexico, the two companies announced. The move implies the establishment of a new company, which to operate in a new sector for both Lafarge and Comex. The plant has a capacity of 150 million plasterboards per year and will supply the domestic and international markets. The plant will allow the two companies to reduce costs, to save time and to raise functionality and cl... |
Holcim Romania to halt white cement production in 200828 February 2007, Published under Cement NewsThe Romanian unit of Holcim would halt its production of white cement next year due to persistent rise in natural gas prices, the company said on Tuesday. "The continuous rise in gas prices has a negative impact on production costs, which reflects on white cement sales," the company said in a statement. Gas prices in Romania increased by 33.6% last year. Holcim Romania produces white cement only in its factory in Turda, northwestern Romania. The company has two other plants that ... |
PPC announces R604m capital expansion project27 February 2007, Published under Cement NewsPretoria Portland Cement Company Ltd (`PPC’) today announced details of its latest cement upgrade and expansion project. The board of the company has approved the investment of R604m to increase the company’s inland cement milling capacity. The project approval follows a period of detailed design and feasibility study and is in line with the company’s commitment to playing its part in meeting the country’s growing cement demand whilst also modernising ageing equipment. ... |
Holcim raises Ambuja Cements India holding to 78 per cent27 February 2007, Published under Cement NewsHolcim Ltd confirmed it has raised its stake in Ambuja Cements India Ltd (ACIL) by another 11 per cent, bringing its total holding to 78 per cent. The Swiss cement maker is paying SwFr147m for the stake, a spokesman said. In 2005, Holcim bought a 67 per cent stake in the group worth around US$800m. An Indian newspaper last week reported that Holcim had bought the entire 33 per cent it did not previously own. The report was subsequently denied by the Swiss group. |
Cement makers say current product prices justified, India27 February 2007, Published under Cement NewsIn its endeavour to curb inflation, the government is proposing to raise the excise duty on cement by introducing a differential duty structure on the commodity. The excise duty on cement, currently at Rs 408 per tonne irrespective of the retail price, is now likely to be changed to Rs 600/t if the retail price exceeds Rs 190 per bag. Cement manufacturers as well as industry observers have lashed out on any such proposed move. "Taxes should be simplified. This will be a move away from spec... |
Dung Quat approves new cement plant, Vietnam27 February 2007, Published under Cement NewsThe management board at Dung Quat Economic Zone has granted Dai Viet Construction, Materials and Investment a licence to set up a new cement plant. The plant will cost VND195 billion (US$12.1m) and is scheduled for completion in early 2008 |
Location for new cement plant sought, Azerbaijan27 February 2007, Published under Cement NewsRepresentatives of France’s Lafarge are going to Baku today to examine raw material sources required for production of cement. The deputy executive director of the Azerbaijan Investments Company Riyad Gasimov informed Azer-press that the experts of Lafarge and the specialists of the Ministry of Environment and Natural Resources of Azerbaijan will go down to the province to choose a location for the second cement plant to be built in the country. AIC considers investing 20-30% of the project... |
Vietnam expected to see cement oversupply in 201027 February 2007, Published under Cement NewsVietnam’s domestic supply for cement is forecast at around 60Mt in 2010, while its demand at some 50Mt, according to local press. The cement demand is predicted to post an annual growth of 10.5- 11.5 per cent from 32.5Mt in 2006 to around 50Mt in 2010, according to the state-owned Vietnam National Cement Corporation (VNCC), which currently holds a 43-per cent domestic market share. The demand annually grew by 16.4 percent from 16.7Mt in 2001 to 29Mt in 2005. The corporation produced 13.6Mt... |
Holcim to offer C$36.50 per share for rest of St Lawrence Cement26 February 2007, Published under Cement NewsHolcim Ltd announced it will make a C$36.50 per share cash offer for all outstanding shares of Canada’s St Lawrence Cement Group Inc (SLC) it does not already own, valuing the total minority share capital at C$ 571m. The offer applies for all outstanding SLC class A subordinate voting shares as well as class 1 special shares, Holcim said. A formal offer has not yet been made to shareholders, it added. The success of the offer will be conditional on more than 50 pct of clas... |
Cement scam escalates as shortages trouble suppliers, South Africa26 February 2007, Published under Cement NewsBogus agents are attempting to take advantage of cement shortages in an alleged scam aimed at building material merchants, government buyers and agents. Documents in the possession of Business Report indicate that some of the alleged bogus agents operate under the names of Alphabet Street Properties 54, Baps Logistics, Hohlo Logistics, Superstrike Investments and Tofy Distributors. David Chamberlain, the managing director of Chamberlain’s Hardware, said the group had received almost 2... |