Cement News tagged under: international
Malaysian cement prices go up02 January 2007, Published under Cement NewsThe ceiling price for cement has been increased by between 3% and 10% effective immediately for peninsular Malaysia, with Sabah and Sarawak to follow later. The amount of increase will vary for the four regions of the peninsula – north, south, east and central. The Cement and Concrete Association of Malaysia (CCAM) said in a statement yesterday that the Domestic Trade and Consumer Affairs Ministry had approved the price revision, backdated to Dec 1. However, according t... |
Cemex in talks to buy Deepak Cements02 January 2007, Published under Cement NewsCemex is reportedly in talks to take over unlisted Deepak Cements & Chemicals, the DNA newspaper reported, citing unnamed sources. The paper said that Chairman and Managing Director Hemant Pandey of Deepak Cements, a western India-based company, couldn’t be reached for comment. The paper citing, an unnamed industry source, said negotiations between Cemex and Deepak Cements have been ongoing for the last three months but there is a gridlock over valuations. |
Ultratech Cement to increase capacity02 January 2007, Published under Cement NewsAV Birla group`s Ultratech Cement, a manufacturer of cement, said that it may go for expansion to retain its market share in the domestic cement market. The cement manufacturer presently produces 17Mt of cement at its five plants and controls 10% market share. It has embarked on a 4Mt brownfield expansion at its Tadipatri plant in Andhra Pradesh, which will be fully operational in 2008-09. Ultratech cement needs to add further capacity amounting to at least two million tonne, to retain... |
Kuznetsk cement plant investment02 January 2007, Published under Cement News’Caspian Resources’ of Kazakhstan, which acquired 100% of the shares of Kuznetsk Cement Plant (Kemerovo region) will invest RUR200m in the plant development in 2007, said Sergey Chernev, the plant’s Director General. The funds will enable the plant to double cement production to 700,000tpa, which will be the first stage of production development. By the beginning of 2009, production volume could grow to 1Mta. |
Housing developers seek govt intervention on cement price hike02 January 2007, Published under Cement NewsThe Sabah Housing and Real Estate Developers Association (Shareda) today expressed its concern over the hike in cement price announced recently and feels that the state government should intervene and request a review of the building material price. Shareda president Kong Kwok Wah said its members were not faced with an increase in the price of cement alone but also the prices of other building materials as well as fuel prices in the past two years. Kong said: "We cannot keep on passing th... |
Cimpor Sells 26% Stake In S Africa Cement Co In BEE Deal02 January 2007, Published under Cement NewsNatal Portland Cement - a wholly owned subsidiary of Cimpor said late Friday it has agreed to sell a 26% stake in the unit via a Black Economic Empowerment transaction. Under the deal, Natal Portland Cement will be transformed into a new company in which Cimpor will own a 74% stake and the remaining 26% will be owned by a number of broad-based black empowerment groups and NPC’s employees. The BEE transaction is based on an enterprise value of ZAR3.5bn ($1=ZAR6.96300), a spokesman for... |
Ultratech to expand capacity01 January 2007, Published under Cement NewsUltratech Cement, a unit of the diversified business conglomerate AV Birla Group, today said it may go for expansion to retain its market share in the domestic cement market. The company, currently, produces 17Mt of cement at its five plants and enjoys just above 10 per cent market share. It has embarked on a 4Mta brownfield expansion at its Tadipatri plant in Andhra Pradesh, which will be fully operational in 2008-09. It is important for us to maintain our market share in the growth scen... |
Cimpor to restructure South African subsidiary01 January 2007, Published under Cement NewsCimpor announced in a regulatory filing on December 28, 2006 that its South African subsidiary Natal Portland Cement Company Limited (NPC) signed a set of agreements, envisaging the restructuring of the company in accordance with the Black Economic Empowerment (BEE) in South African legislation. The changes will take effect as of January 1, 2007. Following these agreements, NPC will split its cement production and sales activity, which will be resumed by a new company. It will be 74 pct hel... |
Peru Indecopi imposes tariff on Cemex white01 January 2007, Published under Cement NewsThe Peruvian institute Indecopi announced on December 28, 2006, the introduction of a new temporary tariff on the imports of white cement, produced in Mexico by the Mexican company Cementos Mexicanos (Cemex), the third largest cement producer worldwide. The Peruvian national institute for defence of competition and protection of intellectual property, Indecopi, imposed the anti-dumping measure after an investigation, which began on September 7, 2006. The tariff stands at $60 (45.5 euro) per... |
Cement prices likely to harden on rising demand01 January 2007, Published under Cement NewsIndian cement prices are on the rise due to a tight demand-supply mismatch despite massive investments going into capacity build-up by companies. Prices in Mumbai have risen by Rs5-10 to Rs235-240 per 50 kg bag and are expected to go up further by Rs15-20 to Rs260 per bag, said analysts. "Riding the economic boom, the demand for cement will go up by 10 per cent per annum for the next three years. Cement prices will remain high as realisations of capacity additions will be felt only in the ... |