Cement News tagged under: international
Lafarge quizzed over its high Kenyan involvement11 August 2006, Published under Cement NewsKenya’s Trade and Industry Minister Mukhisa Kituyi has said the government was uncomfortable with Lafarge’s dominance in the domestic cement and that it wanted more competition. Lafarge currently owns 73 per cent of the market leader in Kenya, Bamburi Cement , and 15 percent of Athi River Mining. Through Bamburi, Lafarge also owns about 42 per cent of East African Portland Cement (EAPCC) . At present, the government is the majority shareholder in EAPCC, holding a 25 per cent stake and anot... |
Siam City seeks higher prices to combat costs11 August 2006, Published under Cement NewsSiam City Cement PCL (SCCC), Thailand’s second-biggest cement maker, said on Friday its 2006 net profit would be lower than the 4 billion baht (US$107m) earned in 2005 as costs rose. Revenues this year should be higher than last year’s 22 billion baht, but rising energy costs would hurt its bottom line, executive vice president Chantana Sukumanont told reporters. "We will have higher revenues this year, but we expect a lower net profit because of higher energy costs," she said. SCCC raised ... |
Kuwaiti-Jordanian Holding investments11 August 2006, Published under Cement NewsKuwaiti-Jordanian Holding Company (KJHC) has started investing in Jordan by establishing a US$250m new cement factory, said the company’’s CEO Reem Badran. KJHC’’s capital is split by 60 per cent for Kuwaitis and 40 per cent for Jordanians. |
New Lafarge research centre opens11 August 2006, Published under Cement NewsLafarge has unveiled a research centre in Staffordshire. The technical laboratory, based at its Cauldon production centre, will replace its former laboratory in Kent. The UK£2m development includes laser equipment to study the control of particle distribution in cements and thermal equipment that will help the 11-strong research team look at the properties of materials. This will help ensure optimum product quality, according to Lafarge Cement UK operations director Jean-Didier Catillon. He... |
Cement company plans ’dome’ silo11 August 2006, Published under Cement NewsPlans have been submitted by the Bermuda Cement Company to construct the new cement storage and distribution centre, freeing up the old site for future historical and tourism-orientated development. The twin tower cement storage silos at Dockyard could soon be replaced by a less visually intrusive 90ft high 100ft diameter dome-shaped silo a few hundred yard further south on Freeport Drive. Bermuda’s main cement storage facility has had a chequered history of late due to a drawn out dispute ... |
HeidelbergCement in second 2Mt Russian venture10 August 2006, Published under Cement NewsComing just over a month after the announcement of the Volsk joint venture, HeidelbergCement is announcing the building of a second new Russian 2Mta works. This is to be located in the Tula region and some 130 km to the south of Moscow. Like the Volsk plant, completion is scheduled for some time in 2008 and is aimed at helping to alleviate the current cement shortage in Russia and its production is primarily aimed at the greater Moscow market. HeidelbergCement has taken a 88 per cent ... |
PCA Summer Forecast Revises 2006 growth targets10 August 2006, Published under Cement NewsAlthough a slowdown of the US economy is expected, experts predict cement consumption this year to reach 129.6Mst, an increase of 2.3 percent compared to 2005 levels, extending a three-year period of continual growth. Additional growth is forecasted for 2007, with a 1.2 percent consumption increase. PCA’s spring forecast had projected a 3.5% growth rate in 2006. "Higher interest rates, oil prices, and inflation will slow consumer spending," Edward Sullivan, PCA chief economist said. "The... |
Ultratech Cement shuts plants due to rains, India10 August 2006, Published under Cement NewsUltratech Cement Ltd said it has stopped operations at its 0.70Mta grinding unit at Surat in India’s flood-hit western Gujarat state. "The company is assessing the losses, if any, as a result of the shut down. Nevertheless, the company has made alternative arrangements for supplying (cement to) the markets," Ultratech said in a statement to the National Stock Exchange. The plant was shut down following heavy rains and floods on Tuesday, the statement said. Heavy rains in the last ... |
Russia’s Eurocement to sell 25% of cement output on exchange Sep10 August 2006, Published under Cement NewsRussia’s largest cement producer Eurocement plans to sell 500,000t of cement, or 25% of its total output, on the Moscow Stock Exchange (MSE) in September, Russian business daily Vedomosti reported Wednesday, citing Andrei Kashevarov, deputy director of the Federal Antimonopoly Service (FAS). Eurocement started trading cement on the MSE in July on the recommendation of the antimonopoly service, Kashevarov said. In the future Eurocement may sell up to 40% of its cement output on the ... |
Talks due over ownership of Portland10 August 2006, Published under Cement NewsMajor shareholders of East African Portland Cement Company are set to discuss its controversial ownership tomorrow. Speaking at a Press conference in which the Government denied being behind the turmoil at the cement firm, Trade and Industry minister Mukhisa Kituyi said the talks will focus on the shareholding of Lafarge, the French building material giant. The meeting comes days after the company’s board accepted the resignation of Mr Zakayo ole Mapelu as managing director replacing... |