Cement News tagged under: international
Foundation laid for cement producers in Vietnam07 November 2006, Published under Cement NewsEnterprises expect the country’s demand for cement to rise sharply due to increasing investment in industrial zones and high-quality buildings. The Vietnamese cement market was seeing good signals, but also many shortcomings, the Ministry of Construction said following a meeting with cement companies from the south. The meeting was held to discuss plans to sell cement, and measures to stabilise the cement market in the southern region in the fourth quarter. The cement sector was... |
Votorantim makes counter-offer for CP Cimento06 November 2006, Published under Cement NewsVotorantim Cimentos, a stakeholder on CP Cimento group from Koranyi Ribeiro family, is against the negotiations to sell a 27% equity in CCRG (Companhia de Cimento Ribeirao Grande) to the Greek group Titan in a US$80m deal. Rather Votorantim wants to take over the control of CCRG through a R$500m agreement of which above R$300m would be used to settle the debts of Santo Estevao, the holding of Koranyi Ribeiro family that controls CCRG, with Votorantim. Over a second stage Votorantim would pa... |
US housing data holds Rinker key06 November 2006, Published under Cement NewsConditions in the US housing market will become a focus in the takeover battle for Rinker Group this week as the construction materials company provides its first major trading update since Cemex launched its hostile A$16.8 billion bid. Rinker is set to report its profit for the half year ended September 30 on Thursday and any commentary around trading conditions in its key markets of Florida, Arizona and Nevada is set to draw intense scrutiny. Cemex has made the deteriorating conditions in... |
Berceanu wants 3000 km of new motorways06 November 2006, Published under Cement NewsRomanian Minister of Transports, Civil Engineering and Tourism Radu Berceanu informed, at the end of last week, during a meeting with the local Democrat elected representatives, that he would submit to the Government a “programme addressing the next 10 years, which provides for the accomplishment of 3000km of motorways, over 2008–2018." The first motorway programmes are more than Euro 10bn, in the case of the Bucharest–Brasov motorway bids having been received for stretches, all auctions be... |
Iran to build Sri lankan plant?06 November 2006, Published under Cement NewsIran and Sri Lanka announced on Monday that they have entered into a memorandum of understanding for the expansion of industrial cooperation between the two countries. Meeting in Tehran, Iran’s Minister of Industries and Mines Ali-Reza Tahmasbi and Sri Lanka’s Minister of Industrial Development Kumara Welgama signed the MoU on Sunday. "Sri Lanka calls on Iranian companies to build cement, steel and auto-manufacturing plants and exploit minerals," Tahmasbi said after signing the MoU. He said... |
New Syrian plant to open in June06 November 2006, Published under Cement NewsA US$200m cement factory, built by an Iranian engineering company in Syrian province of Hama will be operational in June 2007. Deputy Minister of Industry in Economic and International Affairs Mohsen Shaterzadeh, who is visiting Syria, announced the news while inspecting the project. Syrian Deputy Minister of Industry Muhammad Somaq accompanied his Iranian counterpart in visiting the cement factory in Hama. The project, which is located in Hama province, 160 kilometers from Damascus started ... |
Excess investment in cement sector brought under control,03 November 2006, Published under Cement NewsChina’s fixed asset investment in the cement sector dropped by 2.63 per cent YoY to CNY23.2bn (US$2.9bn) for the first eight months , said a government official.. Zhang Li, an official with the National Development and Reform Commission (NDRC), told an international cement conference, which kicked off here on October 24, that China’s rapid investment the in the cement industry has been curbed and the industry’s structure has been improved thanks to a series of government macro control po... |
BNI to Lead Syndication on Cement Project of Tonasa V03 November 2006, Published under Cement NewsPT Bank Negara Indonesia Tbk is ready to lead the syndication to finance the development of cement works by Semen Tonasa V with the total investment of IDR2.6 trillion. The commitment was expressed on the memorandum of understanding signed by the President Director of BNI Sigit Pramono and the President Director of PT Semen Tonasa Syattar Taba, yesterday. A Director of BNI Bien Subiantoro said to realize the plan, the bank has taken the initiative to sign the commitment, in a bid to ... |
SCCC fears sharp drop in 2007 profit, Thailand03 November 2006, Published under Cement NewsSiam City Cement Plc (SCCC), a local unit of Holcim, is pessimistic about its business outlook next year since infrastructure projects have stalled. "The best case could be zero growth in sales revenue," said Chantana Sukumanont, a company executive vice-president. Ms Chantana said the local cement industry had experienced hardship this year due to several negative factors, including political turmoil during the first three quarters, oil price hike, widespread flooding, and a cycli... |
Lilama to build cement plant in Cambodia03 November 2006, Published under Cement NewsLilama 18, a subsidiary of Vietnam Machinery Installation Corporation (Lilama), and Seam Cement Company signed a contract on October 30 to build a cement plant in Kampot Province of Cambodia. The plant will be capable of producing 1Mta of clinker. Lilama 18 will continue to bid on other contracts for building cement and electric plants in Cambodia in the coming time. |