Cement News tagged under: international
Holcim signs agreement to sell its majority stake in Holcim South Africa24 August 2006, Published under Cement NewsSince political transformation in 1994, the government of South Africa has introduced legislation and supported industry self-regulation aimed at ensuring an equivalent economic transformation, termed Black Economic Empowerment ("BEE"). As a result, Holcim has signed a conditional agreement to sell 85 per cent of its stake in Holcim South Africa to a BEE Consortium based on an enterprise value of ZAR 15.5 billion. Holcim would maintain a 15 Per cent share in the newly founded AfriSam, which ... |
Semen Gresik July cement sales down marginally24 August 2006, Published under Cement NewsPT Semen Gresik sold 1.43Mt of cement in July, down from 1.49Mt in June and 1.48Mt in the year ago month, data from the Indonesian Cement Association (ASI) showed. In the first seven months, Semen Gresik cement sales fell 1.3 per cent year-on-year to 8.93Mt with a sharp fall in exports offsetting a mild gain in local sales. It said Semen Gresik sold 8.13Mt of cement in the local market over the first seven months, up from 7.96Mt the year before. Exports, however, dropped 27 per cent to 797,0... |
Colombia’s Argos to build $275m plant24 August 2006, Published under Cement NewsCementos Argos , Colombia’s top cement maker, will try to boost exports by building a US$275m cement plant in Caribbean port city Cartagena, the company said on Wednesday. The plant will be able to make 1.68Mt of cement per year, starting in 2009, Argos said in a news release. Such an increase would bring the company’s total annual cement output to about 13.3Mt. "This project will allow Argos to continue to increase its exports," the statement said. "The objective for 2010 is to increase... |
Siam Cement may buy or build in Indonesia24 August 2006, Published under Cement NewsSiam Cement may invest as much as US$200m to build or acquire a plant to make the building material in Indonesia as growth slows at home in Thailand. Siam Cement, Thailand’s biggest cement and petrochemical maker, plans to invest the money in the next two years, and is in talks with Indonesian companies, President Kan Trakulhoon said, without disclosing names. Siam Cement, which was started by Thailand’s King Vajiravudh in 1913, wants to tap an expected rise in demand for the building mate... |
Ad Bri says future is positive23 August 2006, Published under Cement NewsAustralian cement and lime producer Adelaide Brighton Ltd remains positive about the future despite facing maintenance cost increases and mixed market conditions in the first half of the financial year. Earnings were broadly steady as higher maintenance and energy costs offset increased cement sales prices and improved operating performance, the company said. Adelaide Brighton managing director Mark Chellew said higher raw material costs will be passed on through price increases. "We ha... |
Plan to clamp down on cement prices?23 August 2006, Published under Cement NewsChanges in India’s cement prices never made big headlines, not until the first week of April when it touched an all-time high of Rs 240 in Mumbai-India’s largest cement market. The pricing of cement became an even bigger issue when union minister for commerce and industry Kamal Nath came down heavily on cement manufacturers on May 12 for steep hike in prices of the commodity. The government threatened cement companies of strict action like export curbs or a cess if prices were not reined in.... |
UAE cement sector sees profits tumble23 August 2006, Published under Cement NewsAmana Capital Financial reported that the profits of local UAE cement companies plunged 52 percent to US$118.6m during the first half of this year, up from US$247.3m for the same period last year, Gulf News reported. The report said that production capacity of the cement factories is expected to increase to 18.3Mta, compared to the current production of 12.3Mta, to meet demand in the GCC countries.The report also said that although there were positive indications such as changing the way ce... |
Consumer Affairs Commission dissatisfied23 August 2006, Published under Cement NewsThe Consumer Affairs Commission is reporting that it is dissatisfied with the pace at which claims for compensation for bad cement are being settled. Executive Director of the agency, Dolsie Allen says the company is slowly settling the complaints. “We have been progressing, not to the extent that we would like, but we have seen some progress,” said Dolsie Allen. “There are some challenges we are facing but we are going along and working along with the Cement Company. Well from the perspecti... |
Indonesia July cement sales up 2.6%22 August 2006, Published under Cement NewsIndonesia’s domestic cement sales in July rose 2.6 per cent compared with a year earlier, the first annual increase since November, according to local news reports. Indonesia’s cement sales have been declining this year as the economy has slowed following a government decision to sharply hike domestic fuel prices last October to scale back its crippling subsidy bill. Bisnis Indonesia newspaper, quoting data from Indonesia’s Cement Association (ASI), said sales reached 2.79Mt last m... |
Gulf Cement Co to begin production by mid-200822 August 2006, Published under Cement NewsThe Gulf Cement Company (GCC), which is being listed at the Doha Securities Market (DSM) today, said it hopes to begin production by the middle of 2008. Land for the project measuring 4km2 has already been acquired in the Umm Bab Industrial Area and engineering, procurement and design (EPD) contract has been awarded to two reputed foreign companies, one of which is German while the other one is Indian. The project will be executed on a turnkey basis, Abdullah bin Nasser Al Misned, chairm... |