Cement News tagged under: international
Australia’s Rinker says offer from Cemex undervalues firm30 October 2006, Published under Cement NewsAustralian building-materials company Rinker Group Ltd said an unsolicited US$11.7bn takeover bid from Mexico’s Cemex SA is highly conditional and undervalues the company, reports The Wall Street Journal. In a statement, Rinker Chairman John Morschel said shareholders "should take no action in relation to Cemex’s offer at this time or any document from Cemex until they receive the directors’ formal recommendation." He said the recommendation will be issued "in ample time for shareholders to... |
BESIX Group announces new strategic acquisition30 October 2006, Published under Cement NewsOrascom Construction Industries announced that BESIX Group – 50 per cent owned by OCI - has signed an agreement for a total value less than US$40 million to acquire two Belgium-based groups, SOCOGETRA and COBELBA, with operations in road construction works, general contracting and aggregates, ready-mix concrete production and asphalt spanning Belgium, France, Luxembourg and Hungary. SOCOGETRA has around 60 years of experience in the road construction industry and is a producer of aggregates,... |
Production of Semen Gresik increases by 10 per cent30 October 2006, Published under Cement NewsCement production of PT Semen Gresik Tbk during the first nine months of the year has increased by 10 per cent from that during the same period of 2005, while the national cement production has declined by 5.6 per cent. The Production Director of Semen Gresik Chabib Bahari said the sales of Semen Gresik were not affected by the lower cement demand in the domestic market. "The domestic cement market did not harm the production of Semen Gresik," Chatib told Bisnis Indonesia presently. The s... |
Uzbekistan plans to build three new cement plants30 October 2006, Published under Cement NewsUzStroyMateriali (Uzbek Construction Materials) association plans to build three large plants for the production of Portland cement. Pravda Vostoka reported that the plants will be located at Karakalpakstan, Surkgandarya region and Jizzakh region. Total capacity of these plants will be 2.5Mt of Portland cement per year. According to preliminary estimates, the cost of these three plants equals to US$w50m. |
NPA attempt to torch Albay cement plant foiled30 October 2006, Published under Cement NewsThe Philippines, Legazpi city – alert members of the Army’s 65th Infantry Battalion, backed up by civilian volunteers, foiled an attempt by some 20 heavily armed New People’s Army (NPA) rebels to occupy and torch a cement plant in Camalig, Albay before dawn Sunday. Lt. Col. Manuel Orduña, commanding officer of the 65th IB based in Barangay Tula-Tula in Ligao City, said the rebels, including four women, arrived on board a passenger jeepney near the Taiwanese-owned Palanog cement plant at abou... |
Chia Hsin sees improving China cement price in 200727 October 2006, Published under Cement NewsChia Hsin Cement Greater China Holding Corp, the second-largest Hong Kong-listed cement firm, sees growth in prices for the material accelerating in 2007 as Beijing persists in shutting backward, polluting players. In particular, the cement market in the country’s east -- where Chia Hsin is based -- is expected to revive, given the fourth quarter is a traditional peak season, chief executive officer Jason Chang told Reuters on Friday. "Cement prices should warrant a faster recovery ... |
Cemex puts Rinker Group within its sights27 October 2006, Published under Cement NewsCemex SA is lining up an acquisition of Australia’s Rinker Group Ltd. amid a flurry of deal discussions in the sector, say people familiar with the matter, report The Wall Street Journal. Rinker has a market capitalisation of nearly $10bn. As in all big merger situations, deals can get close to the finish line and fall apart. Or they can change quickly, given that companies in the sector have been discussing a bevy of possible merger permutations in recent months. A Cemex spokesman d... |
Australia’s Boral sees year profit down 15 per cent27 October 2006, Published under Cement NewsAustralia’s second-largest building materials maker, said on Friday it expected a 15 per cent drop in profit this year due to tougher conditions than anticipated in its main markets. Boral’s shares initially fell nearly nine percent on the cut from its earlier forecast for flat profits in the year to end June 2007, before recovering partly to stand down over four per cent. The new outlook was worse than analysts had feared, after Boral warned last week that it had suffered a poor first ... |
Arizona Portland Cement penalty, US27 October 2006, Published under Cement NewsThe largest cement producer in the Tucson area has agreed to pay a large fine over pollution. Arizona Portland Cement Company reached a $300,000 penalty settlement agreement for violating the state’s air quality laws. The settlement results from violations of state and federal regulations governing emission of hazardous air pollutants, failure to submit test reports from the company’s manufacturing plant, failure to install required temperature monitors by the required regulatory deadline ... |
Carpatcement sees 2007 turnover rise, Romania27 October 2006, Published under Cement NewsRomanian Carpatcement Holding, a unit of HeidelbergCement, sees its turnover reach between EUR250m and EUR270m in 2007, when it plans to invest some EUR35m the company said. For 2006, the company projects a turnover of between EUR230m and EUR240m, up from EUR194m reported for 2005. HeidelbergCement closed 2005 with a turnover of EUR7.8bn (US$9.9bn). |