Cement News tagged under: international
Cement price upped in the dark, Fiji31 January 2007, Published under Cement NewsThe Commerce Commission’s approval of a 3 per cent increase in the price of bagged and bulk cement in December has left consumers in dark, says the Consumer Council of Fiji. The council s chief executive officer Premila Kumar said the commission s approval had seen the price of bagged cement increase from $198/t to $203.94 at the ex-factory wholesale price per tonne. VAT exclusive and bulk cement is selling from $180 to $185.40 per tonne. This determination expires on the 21st of June 2009... |
Cement unions want cos to share profits with workers, India31 January 2007, Published under Cement NewsCement workers’ unions have approached the national Cement Manufacturers’ Association with a demand for profit-sharing by the units with their workmen in view of the surge in their profits propelled by the boom in construction industry across the country. This is to partly make good the meagre increase in wages and other allowances agreed to by the workers in the last national-level tripartite wage settlement for the cement industry when it faced demand recession. According to the Indian N... |
Cement supplied by STC until further notice, Mauritius31 January 2007, Published under Cement NewsThe cement crisis is starting to look like the iron bar crisis of a few week ago. Local suppliers have not placed any order for this year on the global market. As if to show that it will not give in to what it considers "blackmail", the government has decided to import 65,000t of cement next month through the State Trading Corporation (STC). However, a shortage might occur in any case, as the product will take some time to reach the local market. In fact, the first cargo of some 20,000 tons... |
Rinker still rejects takeover bid from Cemex30 January 2007, Published under Cement NewsRinker Group Ltd is still urging shareholders to reject a US$12bn ($A15.6bn) hostile takeover bid from Cemex, and says it is reviewing alternatives. "Regarding the Cemex bid, we are actively reviewing various value-adding alternatives," Rinker chief executive, David Clarke, told a conference call today after the release of the company’s third quarter results. "We recommend that shareholders continue to reject the Cemex offer, which is far too low." Cemex, the world’s third bigg... |
China’s Jidong Cement to invest CNY1.53bn in capacity expansion30 January 2007, Published under Cement NewsTangshan Jidong Cement Co Ltd, the Chinese partner of HeidelbergCement AG, said its board of directors has approved a plan to invest CNY1.53bn to expand production capacity by 25 per cent. The company said it will build up three new cement plants, increasing its production capacity by 4.77Mt, it said in a statement filed with the Shenzhen Stock Exchange. Jidong Cement said in March that its parent Hebei Provincial Jidong Cement Group Co was in talks to transfer a stake in the list... |
Ghacem wants level playing field30 January 2007, Published under Cement NewsGhacem Ltd has reiterated its call on Government to ensure a level and fair playing field for all manufacturers and marketing entities in the sector. A level playing field, according to Dr. George Dawson-Ahmoah, Strategy and Corporate Affairs Director of Ghacem, would enable domestic cement industries such as Ghacem and its current domestic competitor based in Aflao could continue to create employment for Ghanaians, add value to the use of local raw materials and remain major contributor... |
No more cheap coal for cement industry?30 January 2007, Published under Cement NewsIndia’s coal ministry is working towards a “February-end” deadline to finalise a policy which may phase out cheap coal availability to the aluminium, cement and steel industries. The inclusion of these industries in the “non-core sector” pricing band, may lead to a 30 per cent hike in the cost of coal, a key input. Companies such as ACC and Grasim and Gujarat Ambuja are likely to witness a significant decline in margins if the proposal is accepted, according to a recent report by First G... |
Cement prices rise due to improved demand-supply management30 January 2007, Published under Cement NewsPakistan cement prices, after remaining on the lower side during most of the winter season due to lower demand and higher supply conditions, finally regained an upward trend last week . The upward revision of prices is attributed to improved demand-supply management with revival of better coordination between sales and marketing departments of the major producers. According to sources in the cement industry, during the last few days, cement prices in different locations of the country ha... |
Anhui Conch Expects 06 net more than doubled29 January 2007, Published under Cement NewsAnhui Conch Cement Co Monday it expects its 2006 net profit more than doubled from a year earlier due to strong earnings in the January-September period. The cement producer posted a net profit of CNY406.89m for 2005 based on Chinese accounting standards. Analysts said the profit forecast didn’t come as a surprise given the company had already reported strong nine-month results. Anhui Conch had a net profit of CNY826.5m in the nine months ended September, up from CNY226.9m in the same per... |
PT Semen Andalas inaugurates new packing unit, Indonesia29 January 2007, Published under Cement NewsPT Semen Andalas Indonesia, a subsidiary of Lafarge, inaugurated its new cement packing unit and port terminal Thursday in Lhoknga, Aceh Besar regency, Nanggroe Aceh Darussalam province. The inauguration ceremony was attended by Industry Minister Fahmi Idris, Aceh Governor Irwandi Yusuf, Investment Coordinating Board chairman M. Lutfi, the co-president of Lafarge’s cement business, Guillaume Roux, and the president director of Lafarge Cement Indonesia, Marcel Cobuz. "As part of post-tsunam... |