Cement News tagged under: international
Decisions to ’’stabilise’’ cement prices likely to be reversed27 September 2006, Published under Cement NewsThe government is likely to reverse all its earlier decisions taken to stabilise cement prices by withdrawing freight subsidy of Rs 60 per bag and restoration of rebate on cement export to Afghanistan, sources in Central Board of Revenue (CBR) told Business Recorder. "The government should have to choose one option as subsidies on both import and export cannot be in place at the same time," sources quoted Finance Ministry officials as saying. He said that the government has considered a... |
Cement sector expected to grow 6-8% next year, Turkey27 September 2006, Published under Cement NewsAdnan Ignebekcili, head of the TCMB (Turkish cement manufacturers’ association), said that the cement sector was expected to grow by 6-8% next year however the picture was rather unclear for 2008. Ignebekcili commented that the general elections will be held in 2007 and the government’s expenditures will increase as the elections draw near and that will give a boost to the sector. Turkish cement companies’ exports to Iraq have increased significantly, according to Ignebekcili. Erhan Kam... |
State to sell its shares in cement firm26 September 2006, Published under Cement NewsThe Government is preparing to sell its shares in East African Portland Cement Company through the Nairobi Stock Exchange. Without releasing a timetable, Trade and Industry minister Mukhisa Kituyi said the government had fulfilled its duty of delivering the cement manufacturer to profitability. "It’s time for the government to offload its shareholding," he told reporters yesterday. The Government owns 25 per cent of Portland while the National Social Security Fund controls 27 per cen... |
Lafarge wins EUR130 cement works contract in Himachal Pradesh, India26 September 2006, Published under Cement NewsLafarge has won a tender to build a cement works in the northern Indian state of Himachal Pradesh at an estimated cost of EUR130m, local authorities said. The Al Sindi works will have annual capacity of 2Mt. |
China to cancel tax rebates for cement exports in three years26 September 2006, Published under Cement NewsChina will cancel tax rebates for cement exports within three years, the Xinhua-run China Securities Journal said on Tuesday. Lei Qianzhi, head of the China Cement Association, was quoted as saying that cement exports will not be encouraged by the government, as the industry consumes too much energy and resources.. Cement exports are currently treated to an eight percent tax rebate. According to official figures, China exported 11.29Mt of cement in the first seven months of the ye... |
Kunda Tsement to launch new kiln line next spring, Estonia26 September 2006, Published under Cement NewsThe Estonian cement producer Kunda Nordic Tsement intends to launch a third kiln line next spring expected to increase clinker output by a third. "If at present we are producing about 700,000t of clinker annually, then with the new kiln line going into operation the annual output should increase to 1.1Mt," director for administration Arvo Vainlo said. According to Vainlo, the third kiln line will cost 200m kroons (EUR 12.8m). Kunda Nordic Tsement finances the project from equity. ... |
Cimentas completes acquisition of Elazig Cimento shares26 September 2006, Published under Cement NewsCimentas announced that following the approval of the competition board it completed the acquisition of 99.99% of Elazig Cimento, a cement concern, from the army pension fund Oyak for USD 110mn. Oyak group companies listed on the ISE, namely Bolu Cimento, Unye Cimento and Adana Cimento held 18%, 7% and 10% stakes in Elazig Cimento respectively. Cementir Holding and Cementir S.p.A own majority shares of Cimentas. |
BoI to consider opposition to Holcim rehabilitation plan26 September 2006, Published under Cement NewsIt would take longer for cement maker Holcim Philippines, Inc. to obtain the Board of Investment’s (BoI) decision on its application for tax incentives after the agency said it would halt the 20-day regular processing schedule due to an opposition against the company’s rehabilitation project. In an interview with the media late last week, BoI managing head and Trade Undersecretary Elmer C. Hernandez said they would "stop the clock" on the review of Holcim’s application submitted to the agen... |
Italcement to invest EUR10m in expanding Bulgarian range26 September 2006, Published under Cement NewsItalian cement giant Italcementi Group, which owns Devnya Cement in Devnya, northeastern Bulgaria, plans to invest EUR10m in Bulgaria in new products and in expanding its current range of dry mortars, the company said. The investment also envisages the construction of a production facility for dry mortars with an annual capacity of 100,000t. Devnya Cement will also launch the exports of its Maestro dry mortars to Romania and Greece. The company has been exporting to Macedonia and Serbia. T... |
Semen Gresik’s trade union Urges EGM to Develop New Facility25 September 2006, Published under Cement NewsThe trade union of PT Semen Gresik Tbk (SPSG) proposed that the development of new cement plant facility should still be the agenda of the September 28 extraordinary general meeting (EGM) of shareholders. The trade union, with 2,200 members, also stressed that the shareholders agreement of the government with Rajawali Group should not be contrary to the regulations on limited liability company, on investment, and on state owned enterprise (SOE). The Chairman of SPSG Zubeir Halim sa... |