Cement News tagged under: international
Lafarge finalises R1.1bn BEE deal18 December 2006, Published under Cement NewsFrench construction materials group Lafarge said on Friday that it had concluded the R1,1-billion broad-based socio economic empowerment deal, that resulted in the sale of 26% of its South African mining business to its employees and Sinako, a women-led empowerment consortium. Lafarge Mining incorporates Aggregates, Gypsum & Limestone quarrying and Lafarge Industries incorporates Cement, Gypsum-Plasterboard and ReadyMix Concrete manufacturing. With the conclusion of this transaction, the e... |
Gresik November cement sales up 44%18 December 2006, Published under Cement NewsPT Semen Gresik’s cement sales in November grew 44 per cent YoY on the back of a 50 per cent increase in domestic sales, an Indonesian Cement Association (ASI) report said. For the month, total sales reached 1.70Mt, against 1.18Mt in November last year The report said Semen Gresik sold 1.47 mln tons of cement in the domestic market last month, up sharply from 981,760t in November last year. It said the firm exported 226,752 tons of cement in November, up 14 per cent YoY. I... |
Zambia falls short of cement as economy grows18 December 2006, Published under Cement NewsZambia is experiencing a critical shortage of cement prompting traders to increase prices. In view of the shortage the government has allowed the private sector to import cement. Chilanga Cement, the major cement producer, in conjunction with its sister company has since entered into negotiations to bring cement to cover northeastern part of the country. Zambian Commerce, Trade and Industry permanent secretary David Chilipamushi said in a statement Thursday that to avert the prob... |
Lafarge sells Yibitas Lafarge stake to Cimpor15 December 2006, Published under Cement NewsLafarge is withdrawing from its direct joint venture with Yibitas after 12 years. The interest, which comprises of three integrated works and three grinding centres with a present combined capacity of 3.5Mta, is being sold to Cimpor for €260m, which places an enterprise value on Yibitas Lafarge of €535m. The deal is subject co approval by the Turkish competition authorities, which ought not to pose a problem, as Cimpor is not at present active in Turkey. It is an interesting move in as fa... |
Cement price rockets as boom causes shortages15 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 percent 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. Sharp increase in demand The demand for cement has also been higher than in previous years. As ... |
CCL says expansion project is on target15 December 2006, Published under Cement NewsOfficials of Caribbean Cement Company Limited (CCL) say its expansion project aimed at doubling the plant’s production capacity is on track for the scheduled mid-2008 completion. Speaking with journalists following a tour of the plant Thursday, Project manager Ken Wiltshire said a major chunk of the civil works is far advanced with the project expected to gain momentum over the next three weeks. Mr. Wiltshire is hoping that the project will not be hampered by bad weather and says plans are ... |
Votorantim invests in cement distribution centres15 December 2006, Published under Cement NewsVotorantim Cimentos has inaugurated yesterday its 13th distribution centre in the North & Northeast regions, located at Teresina (Piaui), which will attend 43 municipalities and Belem city (Para). This new distribution centre will be supplied by the Sobral based cement plant (Ceara), via an operational agreement signed with Companhia Ferroviaria do Nordeste. Teresina’s centre has 2,000m2 and a storage capacity for 2,500 tons of cement and concrete. Fred Fernandes, Votorantim Cimentos log... |
Indocement to boost production in 200715 December 2006, Published under Cement NewsPT Indocement Tunggal Prakarsa, a publicly listed cement maker, is optimistic that the company will be able to fulfill domestic demand, that is forecasted to increase about five per cent, next year. Indocement executive director, Christian Kartawijaya, said Thursday that in order to do that, the company would increase its production volume by 13.65Mt in 2007, from this year’s 13Mt. "Some factors that will enhance the demand include the stable macro-economic condition, the decrease of... |
ACC capacity augmentation15 December 2006, Published under Cement NewsACC Ltd will spend INR14.80bn (US$331m) on expanding the capacity of its New Wadi plant in western India by about 3Mta, the company said in a statement. The Mumbai-based firm, one-third owned by Holcim, produced 1.56Mt of cement in November. |
GNIC to bulk ship, bag Trinidad cement for local distribution15 December 2006, Published under Cement NewsThe January 2007 commissioning of a multi million dollar bulk terminal and bagging facility at the Guyana National Industrial Corpora-tion’s (GNIC) 66 sq. ft Lombard street complex could bring an end to the perennial cement shortages that have continually plagued the country’s construction sector. GNIC’s Chief Executive Officer Clinton Williams told Stabroek Business last Monday that with the commissioning of the facility the company will commence the shipping of bulk cement from Trinidad a... |