Cement News tagged under: international
Renminbi rise helps Taiwan producers30 August 2006, Published under Cement NewsAs mainland China’s currency renminbi has appreciated to hit over eight dollars against one US dollar. Taiwan Cement Corporation (TCC) will be able to secure more profits in the second half than the first half. In addition, Chia Hsin Cement Corporation, which saw sharp decline in profits last year in the wake of the tight credit policy implemented by the mainland authority, will boost exports to gain bigger profits this year. An institutional investor predicted either TCC and Chia Hsin ... |
Four investors compete for a cement project at Djelfa30 August 2006, Published under Cement NewsThe growing demands of the Algerian cement market has promptewd four investors competing to obtain a transaction of a grey cement factory project in Ain El Bell, Djelfa. The four investors are from Saudi Arabia, Iran, Egypt and an Algerian-Iranian joint venture.According to the technical specification, the factory is designed around 1.5Mta cement and for the cost of US$200m. Saudi sources said earlier that president of the Cement Arab Union, Prince Sultan Bin Mohamed Bin Saud El Kebir, soug... |
US housebuilding slump30 August 2006, Published under Cement NewsOptimism among US house builders has fallen to its lowest level in 15 years, the latest sign that a once booming market has now slowed sharply. The National Association of Home Builders’ index of sentiment fell seven points to 32 in July, its lowest level since February 1991. Analysts said the housing market has cooled as interest rates have continued to rise, making mortgages more costly. US interest rates were held at 5.25 per cent in August after 20 consecutive increases. While the Feder... |
National Cement approves fcb expansion30 August 2006, Published under Cement NewsBoard of Directors of Qatar National Cement announced on 29/08/2006 the approval to go ahead for an expansion with FCB cement which would be singed next month for the value of approximately Qr. 800 Million. |
Iran to construct cement factory in Iraq30 August 2006, Published under Cement NewsIran Ministry of Industry and Mine’s international affairs chief announced that in the case Iranian and Iraqi officials reached agreement and a one billion dollar credit was allocated to industrial projects in Iraq, Iran would construct a cement industrial unit in Iraq. "We have suggested carrying out 15 industrial projects in Iraq, which is currently under review," said Ghader Suleimani. "In our sessions with the Iraqi side we have discussed on various subjects such as exporting technical ... |
UltraTech won’t be merged with Grasim29 August 2006, Published under Cement NewsThe Aditya Birla group has no plans of merging UltraTech Cement with parent Grasim Industries, chairman Kumar Mangalam Birla said on Monday, putting to rest recent speculation that the group is working on a blueprint to bring together similar industries under a single umbrella (reports The Times of India). "There are no plans at the moment," Mr Birla told reporters when asked about a possible merger, after an annual general meeting of UltraTech on Monday. Group flagship Grasim Industries o... |
Irkutsk builders promised China’s cement29 August 2006, Published under Cement NewsVice mayor of Russia’s Irkutsk region, Igir Bychkov, has said the city administration intended to invite Chinese makers of cement and fittings to the region to establish competitive environment on construction materials market. A month ago, developers accused company Angarskcement – a monopoly suppler of cement to the region of that it moves out its commodity from Irkutsk region during the peak of construction season. In its turn, the Angarskcement’s board states the plant is able to supply ... |
Holcim fined for breach of open offer29 August 2006, Published under Cement NewsThe Securities and Exchange Board of India (Sebi) on Friday slapped a penalty of Rs25 crore (US$5m) on Holcim (India) for violation of Sebi’s open offer norms with respect to its indirect acquisition of a majority stake in Everest Industries (EIL). This is the highest penalty imposed by Sebi after the ministries of law and home and the Department of Company Affairs (DCA) empowered it in ’01 to impose a maximum penalty of Rs 25 crore, or three times the profit earned from any transaction ... |
Court Approves Euro Cement settlement29 August 2006, Published under Cement NewsA Moscow court validated the settlement of an antitrust case between Euro Cement Group, Russia’s biggest cement maker, and the federal government, which may help provide affordable new apartments in Russia. The city court approved a Federal Anti-Monopoly Service order for Euro Cement to pay the government a fine of 267 million rubles (US$9.9m), the service’s lawyers said by e-mail Friday. Euro Cement must also tell regulators if it raises cement prices by more than five per cent in three mo... |
Thanh Hoa province sees cement growth29 August 2006, Published under Cement NewsThe Vietnamese Cong Thanh Cement Factory is scheduled to be operational in August 2008. This is the third cement factory being invested in Thanh Hoa province. Bim Son and Nghi Son cement factories have also been carrying out their plans to expand production so that by 2010, total cement production capacity of Thanh Hoa will reach 10-11Mt a year. 25 years ago, together with Hoang Thach Cement Factory in northern Hai Duong province, Bim Son Cement Factory in Thanh Hoa province was built with ... |