Cement News tagged under: international
New plant for Jamaica03 August 2006, Published under Cement NewsLocal firm Mainland International will this year break ground for its previously-announced cement manufacturing plant, that will, at full production capacity, be able to meet the equivalent of a third of Jamaica’s current demand for cement. Mainland confirmed on Monday that some of the equipment for the plant was already in Jamaica, and that once the construction schedule was on target, the first batch of cement should begin rolling off the production line by the third quarter of next year.... |
CRH invests in cement joint venture in Florida02 August 2006, Published under Cement NewsCRH plc, the international building materials group, announces that its US subsidiary, Oldcastle Materials, Inc., has taken a 50% equity stake in American Cement Company, LLC (ACC), for a cash contribution of US$50m. Oldcastle Materials’ partners in ACC are the shareholders of Trap Rock Industries, a major regional construction materials and contracting company in New Jersey. ACC has been formed to develop and operate a cement plant in central Florida. Senior debt to finance the installation... |
Cementir spends US$110m on Oyak works, Turkey02 August 2006, Published under Cement NewsCementir is acquiring the Elazig cement works in eastern Anatolia from the Turkish army pension fund Oyak for US$110m. Assuming clearance by the Turkish competition authorities, this deal will bring the number of cement works owned by Cementir’s Turkish subsidiary Cimentas to four and the production capacity to around five million tonnes. Previously controlled by the Oyak-Gama joint venture Altinova-Elazig Çimento, the plant is now reported to have an annual capacity of 0.9m tonnes, though ... |
Austrian Asamer Holding offer for Bosnian cement plant02 August 2006, Published under Cement NewsALAS International, a subsidiary of Austrian building materials producer Asamer Holding, on Tuesday made a buyout offer on the Sarajevo Stock Exchange to acquire 100 per cent of its Bosnian cement plant. ALAS International owns 94.4 per cent of the shares in the Lukavac cement plant and is offering to buy out the remaining 5.6 per cent stake, equal to 83,161 shares, at the par value of 100 marka ($65.30/51.20 euro) per share, SASE said in a statement. The buyout offer will be valid between... |
Gresik to issue bonds to finance new plant, Indonesia02 August 2006, Published under Cement NewsPublicly listed cement maker PT Semen Gresik is planning to issue bonds in the second semester of 2007 to finance construction of a Rp3-trillion cement plant in Java, a company spokesman said. "The purpose of issuing the bonds is to raise money to finance the construction of a new cement factory," President Director of PT Semen Gresik Dwi Sutjipto said. Speaking on the sidelines of an "Indonesia Investor Forum" at Mulia Hotel, Dwi Sutjipto said the factory would be built with Rp1 trillion ... |
More cement to fill weekly demand, Jamaica02 August 2006, Published under Cement NewsAnother 20,000t of cement is expected to arrive to Jamaica this week. The supply which is being imported by Caribbean Cement Company is expected to help meet the country’s weekly demand for cement. Information Minister Colin Campbell says the shipment along with the 3,000 tonnes imported by the private sector should be enough to meet local demand which is estimated at 24,000t weekly. 22,780t of cement was supplied to the sector last week of which the Cement Company provided just over 19,2... |
No cement monopoly in Sabah, Malaysia01 August 2006, Published under Cement NewsSabah Economic Development Corporation (Sedco) subsidiary, Cement Industries (Sabah) Sdn Bhd (CIS), said it is not monopolising the supply of cement in the Malaysian State. "There’s no such thing as a monopoly in the supply of cement in the State," said its Chief Executive Officer, Datuk Aslie Awang Hashim, Sunday, in response to a statement by the Sabah Builders Association (SBA). "Contractors in Sabah are free to import cement from Peninsular Malaysia. We hope this explanation will clear ... |
China to restructure cement sector01 August 2006, Published under Cement NewsChina will restructure the cement industry by favoring selected cement producers, in a bid to sideline the least efficient companies, the China Securities Journal reported. Various regulators will meet on Aug 20 to select 10 cement producers to be supported by the central government and 30-40 to be aided by local governments. The selected companies will be aided when developing new projects, acquiring land-use rights and seeking loans, the report said. The companies will be assessed by... |
Cimpor gives priority to acquisitions in China01 August 2006, Published under Cement NewsCimpor is looking at acquisitions of factories in China, a market which it considers to be a priority for its international expansion, due to its high growth rates, the company has said. A source from the company told Portuguese financial daily Diário Económico that a move into the Chinese market would preferably by made by acquiring controlling stakes of industrial units, rather than through partnerships with local businesses. The company is analyzing other markets, such as the United Stat... |
JK Cement powers ahead01 August 2006, Published under Cement NewsJK Cement Ltd, one of the leading cement players in India, has two plants at Nimbahera and Mangrol with an aggregate installed capacity of 4.0Mta and is one of the top five producers of grey cement in the northern region. It is also the second largest producer of white cement in the country having manufacturing facility at Gotan with an annual installed capacity of 0.35Mt. There has been marked improvement in the performance of the Company during the quarter. Highlights of performance duri... |