Cement News tagged under: international
Grasim acquires cement unit in HP08 September 2006, Published under Cement NewsAV Birla group company Grasim Industries Ltd on Thursday said it has acquired a small cement unit for Rs 10 lakh. The company acquired 50,000 equity shares of Himachal Pradesh-based Harish Cement Ltd for Rs 20 each, it said. The unit will become a wholly-owned subsidiary of Grasim, subject to approvals. |
Cementing the future of Lebanon: Concern rises over smuggling of construction materials into Syria07 September 2006, Published under Cement NewsCement smuggling into Syria is discouraging a leading local producer from cutting prices in order to reduce the cost of rebuilding in Lebanon. The Swiss-based Holcim and Cimenterie National have agreed in principle to cut the price of one tonne of cement from US$75 to US$65 to reduce the cost of rebuilding Beirut’s southern suburbs and villages in the South that were heavily damaged by Israeli air strikes. But Sibline, which is the third-largest cement producer in Lebanon, has been reluc... |
Switzerland’s cement major Holcim to build HUF 65 bn plant in Hungary07 September 2006, Published under Cement NewsSwiss cement major Holcim is expected to construct set up a HUF 65 billion (EUR 236 m) cement factory in northern Hungary’s Nyergesújfalu. The plant would have an annual capacity of 1.5Mt and the parent company has already given the go-ahead to the investment of its Hungarian arm. The project is currently in the phase of obtaining the necessary approval from authorities as well as the the town’s population. As soon as authorities nod on Holcim’s plan, the factory could be up and read... |
Cement Corporation to be restructured07 September 2006, Published under Cement NewsVietnam Cement Corporation will re-organise under the parent-subsidiary model pursuant to a recent decision issued by Deputy Prime Minister Nguyen Sinh Hung. Decision No 196/2006/QD-TTg dated August 29 provides that the parent company remains a State-owned enterprise and is responsible for maintaining State capital in the parent and subsidiary companies. Ten subsidiary companies will be equitised between 2006-10, with controlling interests maintained by the parent company. These ... |
India Grasim Industries buys Harish Cement07 September 2006, Published under Cement NewsIndia’s Grasim Industries Ltd said it has acquired all of Harish Cement, an unlisted company, for INR1 million. In a notice to the Bombay Stock Exchange, the company said it bought 50,000 shares of the Himachal Pradesh-based cement maker at INR20 a share. |
CBR withdraws 10 old cases against Askari Cement07 September 2006, Published under Cement NewsAccepting the recommendations of the Alternative Dispute Resolution (ADR) committee, the Central Board of Revenue (CBR) has withdrawn 10 old cases pertaining to sales tax and excise duty framed against a leading cement manufacturer. According to an ADR order 39 of 2006, the board has exercised powers under Section 47A of the Sales Tax Act, 1990 for the settlement of cases against Askari Cement Limited Rawalpindi. The cases were framed against the unit when it was under the control of gov... |
Flat sales reported for August, India06 September 2006, Published under Cement NewsCement companies reported more or less flat sales on a YoY basis in August, given the fact that there is a slowdown in construction activity during the monsoon period. Furthermore, several parts of the country were grappling with flood-like conditions, which further constrained demand. As a result, the top four cement players have seen their sales grow by a mere 0.3 per cent YoY to 4.65Mt in August. Earlier, in July, these four companies had seen their sales improve 7.8 per cent YoY to 4.5... |
Pakistan posts record exports06 September 2006, Published under Cement NewsThe Pakistan cement industry managed to export a total of 0.24Mt, which represented the highest-ever export of cement in a single month. Figures released by the All Pakistan Cement Manufacturers’ Association on Monday (Sept 04) showed growth of 26.2 per cent in exports during August over the July exports of 0.19Mt. A.R. Thaplawala, executive director of Lucky Cement Company, claimed that his company had a share of 41 per cent in the exports, which stood at 97,210t. "We are exporting mainly ... |
Taiwan Cement shipments grow 10%06 September 2006, Published under Cement NewsTaiwan Cement Corp’s shipments in August grew by around 10 per cent month on month. Among the shipment, domestic sales reached 410,000t, increasing by 14% month on month and overseas shipment reached 540,000t, growing by eight per cent on monthly basis. As the fourth quarter is traditionally peak season, Taiwan Cement predicted the pre-tax profits of it would reach NT$6bn this year. |
Siberian Cement to build plant in Yashkino06 September 2006, Published under Cement NewsAt a session of the Kemerovo region’s administration, president of Siberian Cement Andrey Muravyev has stated the holding started implementing a program for development estimated for 2006–2010. It presumes a boost of cement output by over two times to 9Mt. Besides already announced construction of the plant in Krasnoayrsk by capacity of 1.2Mta of cement, Siberian cement intends to launch a new enterprise in settlement Yashkino (Kemerovo region) where crude base is kept of a cement plant ban... |