Cement News tagged under: international
Chia Hsin Cement buys stake in China Cement Co20 September 2006, Published under Cement NewsChia Hsin Cement Greater China Holding Corp said it has agreed to buy from its parent, Chia Hsin Pacific Ltd, an 80 per cent stake in a cement company in China for US$43m. The company said in a statement it will issue US$32.37m worth of shares to pay for the stake in Jiangsu Union Cement Co and will pay the rest in cash. The payment will involve the issue of US$263.5m company shares, it added. With the stake purchase, the company’s annual cement production capacity will increase by ... |
Tanga Cement hit by rationing, cheap imports20 September 2006, Published under Cement NewsTanga Cement Company, says its future expansion will be expensive because of the extended power rationing and growing competition from imports from Uganda and Kenya. The cement manufacturer is also undertaking a study to install its own source of power in the wake of frequent power blackouts that are affecting its operations. The company chairman Dave King, said, "We are directly affected by the quality and quantity of power supplied and by our own power generation to supplement Tanesc... |
Holcim Romania to invest EUR 4m20 September 2006, Published under Cement NewsHolcim Romania, a unit of Holcim Ltd, said it will invest some EUR4m in 2007, in upgrading and improving the output of the factory in Turda, northern Romania, the company said in a press statement. Holcim has three cement factories in Romania, 15 ecological concrete units and four aggregate units. The group’s overall investments in Romania were EUR334m in 2005. Holcim Romania forecasts a turnover of EUR190m in 2006, up 19% compared with EUR166m a year ago. |
Cement production up by 14.1% to 1,515,000t in August20 September 2006, Published under Cement NewsCement production in the Ukraine rose by 14.1% in August 2006 compared with the same period last year, to 1,515,000t, the State Statistics Committee has disclosed. However, in August, cement production fell by 0.8% to compared with July. In January-August, cement production rose by 9.7% compared with January-August 2005, to 8,738,000 tons. In July, cement production rose by 10.7% compared with July 2005, to 1,527,000t. |
Qatar Construction Projects top $22bn in few years20 September 2006, Published under Cement NewsConstruction projects in Qatar will top QAR80bn ($22 bn) within the next few years when a number of large-scale projects are expected to be completed, acting general director of Qatar’s Public Works Authority (Ashghal) Ahmad Sultan al-Kawari said. According to Qatar-based Gulf Organisation for Industrial Consulting (GOIC), construction sector accounts for 10 pct of the country’s gross domestic products (GDP). The construction of Qatar’s new international airport will cost QAR20bn (US$5... |
Holcim Indonesia swings to US$15m net profit20 September 2006, Published under Cement NewsThe country’s third largest cement maker, PT Holcim Indonesia has reported an improved financial performance in the first half of this year, largely on foreign exchange gains. The company posted a foreign exchange gain of Rp252.03 billion (US$27.61 million) in the first six months of this year compared to foreign exchange losses of Rp177.41bn in the same period last year. Its net profit was Rp139bn (US$15.23m) as against a net loss of Rp218bn in the first half of 2005, despite a sligh... |
Chettinad Cement to establish new 2Mt plant, India20 September 2006, Published under Cement NewsIndia’s Chettinad Cement Corp Ltd announced that its board has approved the setting up of a new cement plant with an annual capacity of 2Mt at Ariyalur in India’s southern state of Tamil Nadu. No other details were provided in the statement issued by the company to the Bombay Stock Exchange. |
Akcansa to undertake US$75m investment in Eskisehir, Turkey20 September 2006, Published under Cement NewsErhan Kamisli, board chairman of cement producer Akcansa, said that they are to embark upon an important investment in Eskisehir in November 2006 with an investment of some US$75m. Mr Kamisli also added that Akcansa is mulling foreign investments, noting Middle Eastern countries, Russia and Ukraine as possible regions for acquisitions. |
Semen Gresik asked to review new facility development plan18 September 2006, Published under Cement NewsPT Rajawali Corporation, the new shareholder of PT Semen Gresik Tbk, has asked the cement producing company to review the study on the plan to develop new facility. The Managing Director & Chief Business Development of Rajawali Darjoto Setyawan said that due to the requirement, the extraordinary general meeting of shareholder on September 28 has only two agendas to change the statute and to change the commissioners and directors. "The new commissioners and directors will ask to learn... |
DTI starts probe of retail prices of cement18 September 2006, Published under Cement NewsThe Department of Trade and Industry (DTI) in the Philippines has started investigation of the alleged overpricing of retail prices of cement here which has stalled many government and private projects to decrease an estimated backlog of 100,000 residential units under the government’s socialized housing program. Art Tibaldo, public information officer of the DTI in the Cordillera region, said the investigation process has yet to be finalized in order that all parties to the controversy wi... |