Cement News tagged under: international
China’s cement industry faces sharp integration25 September 2006, Published under Cement NewsChina’s cement industry will usher in a period of big turbulence, diversification and reorganization in the years to come and the state will actively push forward adjusting the industrial structure, support big enterprises and raise the concentration rate of enterprises. The remarks were made by Lei Qianzhi, chairman of the China Association of Cement Industry (CACI) on September 18 in a meeting with a visiting guest of International Financial Corporation. A batch of small enterprises... |
Holcim in tribunal over Sebi fine25 September 2006, Published under Cement NewsHolcim (India) Pvt Ltd, the Indian arm of Holcim, has moved the Securities Appellate Tribunal (SAT) challenging the Rs 25 crore fine imposed by the Securities and Exchange Board of India (Sebi) for alleged violation of takeover regulations. The capital market regulator had, last month, slapped the Rs 25 crore penalty on Holcim the highest fine ever imposed by it on any corporate entity for failing to make an open offer to the shareholders of Everest Industries Ltd after acquiring a controlli... |
Cement cos to add 75Mta by 2010, India25 September 2006, Published under Cement NewsThe cement sector, which has seen a phenomenal growth in demand in the past two years, is facing a supply-side constraint. To meet the growing demand, companies have announced huge capacity additions. Kumar Mangalam Birla, the chairman of Ultratech Cement Ltd, at the recently held AGM of the company, had said that the sector will be adding up to 75 mtpa by 2010. A capacity addition of this magnitude will entail an investment of Rs 26,250 crore from cement companies. "Cement plants are c... |
Lafarge Surma Plant starts cement production, Bangladesh25 September 2006, Published under Cement NewsThe Lafarge Surma plant in Bangladesh has started production in its cement mills at Chhatak in Sunamganj district after successful operation of a vertical raw mill and a kiln. It is the country’s first fully dry process cement in the private sector, said a press release. Lafarge along with Spanish cement maker Cementos Molins set up the state-of-art cement manufacturing plant in Chhatak. |
Govt urged to convert Alangulam cement unit to dry process unit, India25 September 2006, Published under Cement NewsIndian National Cement Workers’ Federation (INCWF) has urged the state government to consider conversion of Tamil Nadu Cements Ltd’s Alangulam plant from wet to a dry process system, to reduce production costs. In a letter to Chief Minister M Karunanidhi, INCWF general secretary N Nanjappan said a majority of cement units have switched over to dry process, which has reduced the cost of production in fuel and maintenance. The letter said the conversion would cut production cost by as... |
Govt could slap controls on cement prices, Colombia25 September 2006, Published under Cement NewsColombia’s environment minister Juan Lozano has fired a warning shot across the bows of cement companies in the country, stating that prices could be subjected to government control, daily La República reported. If there are increases in prices that are not in line with changes in the cost of other construction materials, the authorities will not hesitate to bring in administrative controls, the minister said. "We don’t like the measure, but if there is too much speculative effort to... |
Watchdog Okays Elazig Acquisition by Cementir, Turkey25 September 2006, Published under Cement NewsTurkey’s antitrust agency, the Competition Board, has given the green light to the acquisition of Turkish cement company Elazig Cimento by Italian cement group Cementir for US$110m (EUR86m). The recent acquisition is part of Cementir’s internationalisation strategy under which the company has already invested more than EUR1.1bn in acquisitions outside Italy. Cementir is a unit of Italian construction company Caltagirone. |
Holcim SA retains 62.5 per cent stake in Tanga Cement25 September 2006, Published under Cement NewsThe recent acquisition of an 85 per cent stake in Holcim South Africa by a South African Black Economic Empowerment (BEE) consortium from Holcim Ltd of Switzerland will not alter Holcim South Africa’s status in the Tanzania-based Tanga Cement Company. The consortium, AfriSam, is a broad-based BEE company established specifically for the Holcim acquisition. Black Economic Empowerment wants to bring about a significant increase in ownership, management and control of the economy by South Afri... |
Carib Cement claims expected to exceed $160m25 September 2006, Published under Cement NewsThe cost of claims against Caribbean Cement Company Limited (CCCL) for damages due to defective cement is expected to exceed the initial provision of $160 million. Alice Hyde, CCCL marketing manager, made this disclosure on Wednesday, at the Mayberry Investments Limited investor seminar held at the Knutsford Court Hotel. Caribbean Cement Company plant "We will have to revise the provision for damages and publish the new amount accordingly" said Hyde. According to her, the actual amount that... |
Cement War Looms Between Tanzania, Uganda22 September 2006, Published under Cement NewsUganda and Tanzania are headed for a trade war over cement importation with charges of unfair competition. Tanzania manufacturers are upset that Ugandan cement meant for the domestic market dominates the Lake Victoria Zone. The imported cement is cheaper than the one made in Tanzania because the raw material used to manufacture it is zero rated. However, it is not meant for export. Uganda has limited amounts of clinker, the substance used to manufacture cement along with other components l... |