Cement News tagged under: international
Lafarge to sell roofing unit to PAI Partners04 December 2006, Published under Cement NewsAfter spending a long time to consider the future of its roofing business Lafarge has agreed to effectively sell a 65% stake to the venture capital firm PAI Partners for some 1,270m, subject to approval by various cartel authorities. The deal places an enterprise value of some EUR2,400m on the entire roofing business, in which Lafarge will take a 35% stake, paid for by the sales proceeds of the entire roofing division. PAI Partners, now independent fund management vehicle, grew out of th... |
Orascom Plans US$300m Indonesia cement invest - govt04 December 2006, Published under Cement NewsEgypt’s Orascom Construction Industries SAE, or OCI, plans to invest up to $300m in a cement production facility in Indonesia, a government official said. OCI’s planned investment will be in the town of Purowadadi, Muhammad Lutfi, chairman of Indonesia’s official Investment Coordinating Board, told reporters, without elaborating. Officials from OCI were not immediately reachable for comment. OCI is a cement producer and construction contractor active in emerging markets includin... |
Arabian Cement for Jordan04 December 2006, Published under Cement NewsArabian Cement, a Saudi Arabian company, is to construct a factory in Qatranah, about 90km south of Amman, reported the Jordan Times. Investment in the project, which should begin construction in Q2 2007, will amount to about $220m. Once completed in 2009, the factory will produce around 5,000tpd of cement, most of it to meet local demands. |
Cement dispatches stood at historic level in November04 December 2006, Published under Cement NewsPakistan cement sales stood at historic level in November with sales of more than 2Mt per month with diminishing rumours about cartelization in the cement sector. The industry sources told the Daily Times that a historic growth of 67.44 per cent was recorded in local and export dispatches of cement in November. The local dispatches stood at around 1,837,288t besides the export of 170,850t in the month of November. The total cement dispatches in the month of November, therefore, stood at 2,0... |
Thailand’s cement industry trend in 2007: domestic market is a key factor04 December 2006, Published under Cement NewsThe trend of the cement industry in 2007 is projected to rely on domestic market as the key driver, in particular, private investment in construction/real estate business. Kasikorn Research Center (KResearch) forecasts that the domestic demand for cement in 2007 will total about 29.5Mt, growing 1.7 per cent against the sales of 29Mt in 2006. This growth is attributed to certain positive factors, eg, demand for cement to repair damaged homes and property from flooding during rebuilding from... |
Kazakh plant construction commences04 December 2006, Published under Cement NewsConstruction of a cement plant in Western Kazakhstan has begun. The plant is planned to come on-stream in 2008. Presently, the West Kazakhstani region buys all of its cement from Russia. The plant will produce 200,000tpa of cement and will also export. Gumar Duisenbayev, director of department of industry and entrepreneurship of West Kazakhstani akimat says that the company has signed the contract for development of chalk deposit Semiglavomarskoye-1 and Semiglavomarskoye-2 - clay and moul... |
HP govt keen on cement plants04 December 2006, Published under Cement NewsThe Himachal Government today said it was keen to set up cement plants in the state to utilise the vast limestone deposits but not at the cost of ecology, environment and displacement of people. Talking to a team of global company led by its Chief Executive Bruno Lafunt, Himachal Pradesh Chief Minster V B Singh said the government was encouraging environmental friendly industry and cement plants were permitted only in selected locations, where displacement of people was negligible and en... |
Jilin Yatai (Group) invests RMB1.7bn in clinker production line04 December 2006, Published under Cement NewsJilin Yatai (Group) Co., Ltd announced yesterday that its board of directors approved the investment by Jilin Yatai’s three subsidiaries in a cement clinker production line with daily output of 5,000t. Investment in the project will total RMB1.725bn. |
Cemex on the outer as Hanson joins the Rinker mix01 December 2006, Published under Cement NewsCemex is under mounting pressure to sweeten its $16bn takeover bid for Rinker Group, amid speculation the Australian company is eyeing a potential tie-up with the UK construction materials group Hanson, according to local news reports. The finance director of the Mexican cement group, Hector Medina, will face a daunting challenge convincing Rinker’s institutional shareholders to accept the bid when he arrives in Sydney next week. Shares in Rinker rose 14c to $18.65 yesterday, well cl... |
Duty drawback on cement export restored01 December 2006, Published under Cement NewsThe Central Board of Revenue has restored duty drawback of Rs 25.08/t on export of cement. The board on Thursday amended Schedule XIX of SRO 840(I)/2006 through a notification to implement the decision. The Economic Co-ordination Committee (ECC) of the Cabinet considered the summary submitted by the Ministry of Industries and Production on "Cement Industry situation/prices" and decided to restore exemptions on federal excise duty (FED), sales tax and duty drawback on exported cement; whil... |