Cement News tagged under: international
Rinker rejects Cemex approach, Australia31 October 2006, Published under Cement NewsThe US$12,800m offer by Cemex for Rinker has been flatly rejected by the Australian-based group. Cemex is obviously trying to take advantage of the weakness being seen in the US and New South Wales housing markets. Whether the US authorities would allow Cemex to substantially increase its position in certain markets, notably Florida, is questionable. Rinker owns a quarter of Cement Australia, the largest Australian cement producer, and the other two shareholders, Holcim and Hanson, ar... |
Cement plant set for UK£2m investment, UK31 October 2006, Published under Cement NewsAround UK£2m is to be invested in a UK cement works to introduce new packing and storage facilities. The investment by Lafarge at its Cauldon Works is designed to meet increasing demand for plastic-packed cement and build on existing technology at the plant, which employs 150 people. It forms part of a Midlands supply chain restructuring designed to focus manufacturing operations and continue to meet customer expectations. This reorganisation will make the Cauldon Works a packag... |
Brazil’s Camargo Cimentos continues international drive31 October 2006, Published under Cement NewsCamargo Correa Cimentos cement company is seeking opportunities abroad as a way to fulfil its plans to double size until 2012. The acquisition of Argentina’s Loma Negra has speeded up its international drive, says superintendent Antonio Miguel Marques. The company is currently in the race for the assets of Yibitas, in Turkey, which has a capacity of 2.5Mta. North Africa is seen also a possibility, as is the strategy is to supply the European market. |
Cemex, Holcim won’t freeze cement prices, Colombia31 October 2006, Published under Cement NewsThe Colombian units of Cemex and Holcim have refused to freeze cement prices, despite the fact that the country’s biggest cement company Cementos Argos has brokered a deal with the government to do so until July 2007, local press reported. "We have always believed and we are sure that cement prices are not the result of the supply by the producer, but are the result of a dynamic between supply, demand and competition and we continue to think the same," César Constaín, president of Cemex C... |
Holcim looks to double Huaxin cement stake, China31 October 2006, Published under Cement NewsAccording to local news reports, Holcim is soon get a controlling right in China’s Huaxin Cement, which has just posted a 155.8% increase in net profit for the first nine months of 2006. Huaxin, based in the central province of Hubei, in March agreed to issue new shares to Holchin BV, a wholly subsidiary of Holcim, adding the total number of shares to 245.76 million, or a 50.32 per cent stake. The plan is said to have been approved by the Ministry of Commerce, one of the first-batch ... |
Analysts see price downturn in FY08, India31 October 2006, Published under Cement NewsDomestic cement prices are unlikely to correct drastically in the second half of ’07-08 (FY08) and ’08-09 (FY09), according to foreign brokerage CLSA, due to likely delays in capacity addition coupled with sustained demand. The brokerage attributes the likely slowdown in capacity additions in FY08 and FY09 to rise in lead-time for cement equipment delivery, delays due to land acquisition and environmental issues, among the few reasons. "We project a maximum 14% capacity CAGR until ... |
Nine month production falls, Indonesia31 October 2006, Published under Cement NewsIndonesia’s cement production fell 5.6 per cent to 24.27Mt in the first nine months of this year compared with the same period last year. Cement consumption dropped 2.4 per cent to 23.55Mt. Production Director of state-owned cement maker PT Semen Gresik Chabib Bahari said. However, amid the slump in cement market, Semen Gresik, reported a 10 per cent increase in production with sales rising to 5.9Mt from 5.8Mt. Chabib said the decline in the country’s cement production followe... |
Private sector to build plant in Khorramabad, Iran31 October 2006, Published under Cement NewsPrivate sector, in cooperation with government, is planning to build a cement production plant in Khorramabad, the provincial capital of Lorestan Province, Iran. The plant’s output would supply the province’s requirements and the surplus, if any, would be exported to the Persian Gulf littoral states, noted on Monday Qodratollah Imani, the representative of the people of this historic city at the Majlis (Iranian parliament). Around Rls.1,100bn has been invested in the project, the lawmaker ... |
Lafarge awarded contract to upgrade free state roads, South Africa31 October 2006, Published under Cement NewsLafarge Cement in South Africa has been awarded a R96m two-year contract for the supply of cement as part of one the biggest road upgrading contracts in the Free State. This project is part of Government¹s initiation of major new projects in preparing the country¹s infrastructure for the 2010 World Cup. Under the contract, for which completion is scheduled in February 2008, Lafarge Cement will supply 4,000ton of cement for sub-base stabilisation and soil modification called Œspreading¹ on ... |
DTI urged to recover ’low-quality’ imported cement from buyers, Philippines31 October 2006, Published under Cement NewsThe Cement Manufacturers’ Association of the Philippines (CeMAP) has urged the Department of Trade and Industry to locate and to withdraw from buyers 30,000 bags of allegedly low quality Horse brand cement from China which DTI said were illegally released from a warehouse here. In a statement, CeMAP quoted its president Ernesto M. Ordoñez to have asked the DTI to recover the goods to prevent accidents and "protect the consumers." CeMAP cited that the product was banned after failing "criti... |