Cement News tagged under: international
FFE Minerals to acquire materials handling company20 December 2006, Published under Cement NewsFFE Minerals, the minerals processing arm of FLSmidth, has acquired KOCH Transporttechnik Germany and KOCH Transporttechnik Austria. KOCH Transporttechnik is a world leader in materials handling systems for various industries and is the worldwide market leader in pipe conveyors. KOCH designs, manufactures, markets and services a broad range of mechanical transport equipment and systems in the minerals and cement industries as well as in pulp and paper. The company is very well known espec... |
Barloworld To Spin Off PPC, CEO Steps Down20 December 2006, Published under Cement NewsBarloworld Ltd is to spin off its majority stake in Pretoria Portland Cement Co and return about ZAR1bn, or $143m, to shareholders in 2007 as part of the South African industrial company’s efforts to tighten its focus. At the same time, Chief Executive Tony Philips will step down and be succeeded by Clive Thomson, formerly the company’s finance director and currently CEO of the Barloworld Equipment division. Barloworld said in a statement PPC would be unbundled from the company during ... |
Barloworld To Spin Off PPC, CEO Steps Down19 December 2006, Published under Cement NewsBarloworld Ltd Monday said it will spin off its majority stake in Pretoria Portland Cement Co and return about ZAR1bn, or $143 million, to shareholders in 2007 as part of the South African industrial company’s efforts to tighten its focus. At the same time, Chief Executive Tony Philips will step down and be succeeded by Clive Thomson, formerly the company’s finance director and currently CEO of the Barloworld Equipment division. Barloworld said in a statement PPC would be unbundled f... |
SCG upbeat on investment outlook; Thai fundamentals remain attractive19 December 2006, Published under Cement NewsSiam Cement Group (SCG), the country’s largest industrial conglomerate, believes Thailand’s economic fundamentals remain attractive enough for foreign direct investment (FDI) next year despite a military-appointed interim government and the baht appreciation. "In my view, democracy is not a condition that prioritises where FDI will go, but stability and economic conditions are," said SCG president Kan Trakulhoon. He pointed out that China was absolutely not a democracy, yet it had bec... |
Inteko and BasEl construction of new plants19 December 2006, Published under Cement NewsInteko, a company owned by Yelena Baturina, and Basic Element (BasEl), which belongs to Oleg Deripaska, are to build four cement plants that will be able to produce a total of about 10Mta of cement, Regional Development Minister Vladimir Yakovlev said. "There are 16 specific projects in the cement industry now. They include a plan by Inteko and BasEl to build four cement plants with a capacity of about 10Mta of cement," Yakovlev said. He said Russia’s cement industry would reach an annual ... |
TCL Group cement reaches Guyana market19 December 2006, Published under Cement NewsThe first bags of cement packed at the TCL Guyana Incorporated (TGI) cement packaging terminal have reached local markets. Last Friday, the first shipment of bulk cement for the TGI terminal arrived in Georgetown from CEMEX in Venezuela. The vessel, MV Caribe Star, carrying 5,500 metric tonnes of cement, moored alongside the TGI facility at about 12:45hrs to begin discharging the bulk cement into the silos, which have a storage capacity of 2,000 metric tonnes. Trinidad-based Trinidad Cemen... |
Holcim to up capacity in India18 December 2006, Published under Cement NewsHolcim is scaling up its Indian cement capacity by another 6Mt. The global major’s two arms – Gujarat Ambuja Cements (GACL) and ACC – will execute the expansion plans which will put the group comfortably ahead of rival Aditya Birla group. In two separate announcements, ACC and Gujarat Ambuja said they were sprucing up capacities in Karnataka and Himachal Pradesh, respectively. Gujarat Ambuja has approved a capital expenditure of Rs 1,519 crore for its new cement plant, along with two s... |
Siam Cement Industry aims to dominate Asean18 December 2006, Published under Cement NewsSiam Cement Industry, a subsidiary of Siam Cement Group, aims to be the leading company in Asean in line with its parent company’s policy of boosting the proportion of its international business up to 20 per cent of total revenue in five years. The company’s international business will start next year when its new plant in Cambodia starts operation. President Pramote Techasupatkul said the company was always looking for the opportunity to expand business in other countries, particularly in... |
Cement prices increase during shortages18 December 2006, Published under Cement NewsThe recent building boom in and around Durban has led to a shortage of cement in the city, with the problem worsening. The price of cement has increased in line with the shortage, with dealers having to pay R70 a bag, nearly 30% more than the price last month. The shortage has caused projects to be delayed, with many buildings left unfinished because of the city’s construction overload. The demand for cement has also been higher than in previous years. As cement requirements... |
Malaysia’s CIMA says Vicat’s offer for units remains valid until Jan 3018 December 2006, Published under Cement NewsAn offer by French cement firm Vicat to acquire equity interests in five of Cement Industries of Malaysia Bhd (CIMA)’s units will remain valid until Jan 30, CIMA told Bursa Malaysia in a short statement. In July, the company said it had received a fresh offer from Vicat regarding the acquisition for controlling stakes in CIMA’s units Negeri Sembilan Cement Industries Sdn Bhd, Pemasaran Simen Negara Sdn Bhd, Unipati Concrete Sdn Bhd, Cimaco Edar Sdn Bhd and Cimaco Quarry Sdn Bhd. B... |