Cement News tagged under: international
Sri Lanka asks cement traders to get govt approval for price hikes06 December 2006, Published under Cement NewsThe Sri Lankan government said Tuesday that any price increases of cement needs state approval as consumer inflation in the country rocketed past 19 per cent in November. Cement joins a list of five items (Liquefied Petroleum Gas, milk powder, mosquito coils, boxes of matches and wheat flour)- that is price controlled. "Cement of all types has been prescribed as a ‘specified good’ under section 18 of the Consumer Affairs Authority Act No 09 of 2003 with effect from November 01, 2006," the ... |
Heidelberg may contest Sebi view on Mysore Cement offer06 December 2006, Published under Cement NewsThe Securities and Exchange Board of India (Sebi) insistence on including non-compete fees in Germany’s HeidelbergCement’s open offer for the minority shareholders of Mysore Cement could likely signal a move to reconsider the provisions in takeover regulations. The market regulator is learnt to have asked the German cement major to revise its open offer upward by 25% to Rs 72.50 a share, in line with the price paid to the SK Birla group, promoters of Mysore Cement. It had offered Rs 58 p... |
Titan America announces major concrete Initiative in Eastern North Carolina06 December 2006, Published under Cement NewsTitan America announced today that it is expanding the ready mix concrete activities of its Mid-Atlantic business unit into eastern North Carolina. It has already secured sites to construct more than 20 plants over the next three years along Interstate 95 and the State’s rapidly growing coastal markets. A number of these are already under construction and will begin operation in 2007. "We are very excited about this growth initiative which bolts-on very well to our existing Virginia coas... |
Australia’s Boral keeps mum on US roofing buy-out talk05 December 2006, Published under Cement NewsBoral Ltd, Australia’s second-largest building materials maker, declined to say whether it would be able to buy out partner Lafarge’s stake in their U.S. rooftiles joint venture MonierLifetile. Lafarge, the world’s biggest cement maker, is selling its global roofing business unit to private equity firm PAI Partners. That may see Boral spend as much as A$350m ($217 million) to bring its 50 per cent holding in MonierLifetile up to 100 per cent, analysts at UBS said. "We’re really... |
Heidelberg may have to up Mysore Cement offer05 December 2006, Published under Cement NewsMarket regulator Securities & Exchange Board of India will ask German cement maker Heidelberg Cement AG to increase its open offer price to shareholders of Mysore Cement Ltd by 25%, the Business Standard newspaper reported, citing sources. Heidelberg will be asked to pay shareholders INR72.50, the price the German company paid the S.K. Birla group, founders of Mysore Cements, to buy a 51% stake, the report quoted sources as saying. The original open offer, priced at INR58 per share,... |
Sino-Zim joint venture bears fruit05 December 2006, Published under Cement NewsSINO-ZIMBABWE Cement Company (Pvt) Ltd, the first joint venture between China and Zimbabwe, has got boosted by the strenuous efforts in indigenisation of its human resources management over the past years. The company has reported a 9,3 per cent increase in its sales of quality cement in the first nine months this year and raked in a total US$3,11m in foreign exchange, despite the slack domestic market and economic challenges facing the country, according to Mr Derrick Moyo, the company’... |
St Lawrence gets approval for Milton quarry extension05 December 2006, Published under Cement NewsThe Ontario provincial cabinet has given the green light to St. Lawrence Cement Group Inc.’s Dufferin Aggregates’ Milton quarry extension by dismissing the appeal of the groups that opposed the application. In June, 2005, a joint board composed of two hearing officers from the Ontario Municipal Board and the Environmental Review Tribunal ruled that the application was in the public interest and approved it, with strong conditions. This decision was appealed to the provincial cabinet by two e... |
India’s Sanghi plans cement foray in M’rashtra05 December 2006, Published under Cement NewsGujarat-based Sanghi Industries is drawing up plans to claim a pie of the Maharashtra cement market, The market will be catered through augmented capacity at its cement unit in Kutch, Gujarat. The company has already indicated expansion of its unit in Kutch from a current capacity of 3.3Mt to 9Mt by 2009-10. “We hope to achieve financial closure so as to undertake expansion by the end of the current fiscal. However, the technical collaboration for increased efficiency of the new unit will b... |
Greece’s Titan Cement to expand operations in Turkey, Albania05 December 2006, Published under Cement NewsGreece’s Titan Cement is about to expand its operations abroad, according to its CEO Dimitris Papalexopoulos. Speaking to daily Imerissia, Papalexopoulos said the company is in the process of establishing a new production plant in Albania, while it is in search of attractive acquisitions in Turkey as well. |
Holcim (US) Theodore Plant Wins National Corporate Citizenship Award05 December 2006, Published under Cement NewsThe Holcim (US) Theodore Plant in Alabama was recognized by the Council of State Governments (CSG) today as the winner of the 2006 CSG Associates Award for corporate citizenship. The Holcim plant and its leadership were honored for their ongoing commitment to helping the community near the plant rebuild after Hurricane Katrina. “Holcim’s commitment to its community is outstanding,” said Daniel M. Sprague, executive director, Council of State Governments. “We encourage other companies to mak... |