Cement News tagged under: international
Fight on for control of Holcim SA27 November 2006, Published under Cement NewsHolcim is poised to go it alone with a black economic empowerment (BEE) partner in a R6.82bn transaction that is intended to result in Holcim South Africa getting a black controlling shareholder. However, Aveng, which has a 46 per cent stake in Holcim SA, appears to be preparing to exercise its pre-emptive rights and acquire 100 per cent of the cement company. Apparently the JSE-listed Aveng, South Africa’s largest construction and engineering company, was initially asked to waive its righ... |
HeidelbergCement buys two more cement plants in Georgia27 November 2006, Published under Cement NewsHaving bought a 51% stake in the Kartuli Tsementi grinding station at Rustavi in May of this year, HeidelbergCement has moved quickly to establish itself as the dominant cement producer in Georgia. The German group has formed a partnership with the local group Chemexim International, in which HeidelbergCement is taking a 75% interest. The joint venture will take control of Seqcementi, which is the dominant cement producer in Georgia and the only clinker producer in that country. Saqcem... |
Ha Tien plans to issue 22 million shares27 November 2006, Published under Cement NewsHa Tien 1 Cement Co., plans to issue nearly 22.3M shares at VND 11,500 (US$0.71) a piece on the Hanoi bourse on November 27. The shares, with a face value of VND 10,000 (US$0.63), represent a 25.62 per cent stake in the company. Executives expect to generate VND 870bn (US$54.3m) during the initial public offering. The Government will maintain a 65 per cent stake in Ha Tien 1 Cement Co. after it equitises, while staff will retain another 2.38 per cent and strategic shareholders wil... |
Pakistan cement prices to stay low on static demand27 November 2006, Published under Cement NewsIt looks as though Pakistan cement prices will remain around Rs200 per bag at least till the end of this financial year due to a stagnation in demand and especially the break-up of the cement cartel following massive capacity expansion in the sector. Cement demand has not increased as much as the manufacturers had expected when they undertook their capacity expansion plans. They had started capacity expansion foreseeing a surge in demand after General Pervez Musharraf government took an en... |
Cement terminal plan axed27 November 2006, Published under Cement NewsPlans to build a controversial cement terminal on Sydney Harbour have been scrapped. Planning Minister Frank Sartor will today announce the $31m proposal by Independent Cement and Lime has been withdrawn after he met with ICL and expressed his "serious concerns" about the White Bay, Rozelle, project. It followed a community backlash to the proposal which would have resulted in the terminal operating 24 hours a day -- and processing 500,000tpa of cement. More than 1500 submissions... |
Holcim/Schwenk joint venture in slag27 November 2006, Published under Cement NewsHolcim and Schwenk Zement have commissioned slag joint venture at the Salzgitter steelworks, Hüttensand Salzgitter, which represents an investment of around EUR25m. The plant has a capacity of 450,000tpa of ground granulated blast furnace slag (GGBS) and will receive its raw material prom the ’A’ blast furnace at Salzgitter. Holcim has been absorbing the slag from the ’B’ blast furnace since 1998, an arrangement that will continue. The ground granulated slag will be taken to the cement w... |
Heidelberg expansion could annoy the neighbours24 November 2006, Published under Cement NewsIt has been announced that HeidelbergCement will build a new cement plant in Volsk (Saratov oblast) Russia. Deutsche Bank has apparently acted for the group and is said to be involved as part-guarantor of this project. The plans call for setting up a state of the art production facility of about 1.5Mta. HeidelbergCement promises to create new jobs workplaces and to pay high wages to the local workforce many of whom currently work for the competition. The town of Volsk is situated on right ... |
Peru domestic sales up to 4.16Mt Jan-Oct 200624 November 2006, Published under Cement NewsPeruvian domestic cement sales rose to 4.16Mt for the period from January to October 2006, up 16.2 per cent YoY, according to the Peruvian association of cement producers Asocem. The domestic cement sales were driven up by the higher number of public and private construction projects announced in the country, along with the state’s housing programmes Mivivienda and Techo Propio, and some road construction programmes. The sales are expected to maintain its upward trend by the end of the y... |
Carib Cement studies impact of decision to remove cement tariff24 November 2006, Published under Cement NewsThe management of Caribbean Cement Company Limited is conducting an assessment to determine the effects of the government’s decision to extend the removal of the tariff on cement. It has been announced that imported cement will remain tariff free for a further two years. The tariff was removed earlier this after a critical shortage of cement crippled the local construction sector. General Manager of Carib Cement, Anthony Haynes, told RJR News that the company has several concerns about th... |
Ministry of construction calls for cement prices hikes24 November 2006, Published under Cement NewsVietnamese Ministry of Construction and the Vietnam Cement Association (Cemas) are calling on the Government to increase the national cement price ahead of anticipated coal- and electricity-price hikes. This is the third time this year the Ministry of Construction and Cemas have asked the government to raise the cement price to remain viable. The government is currently considering a request by the ministries of Finance and Industry to increase the electricity price by an average of... |