Cement News tagged under: international
CIMA receives fresh offer from Vicat, Malaysia26 July 2006, Published under Cement NewsCement Industries of Malaysia Bhd (CIMA) said it has received a fresh offer from French cement company VICAT to acquire stakes in its subsidiaries. The offer is being considered and a further announcement will be made in due course, it added. CIMA had received an offer from VICAT in March for controlling stakes in Negeri Sembilan Cement Industries Sdn Bhd, Pemasaran Simen Negara Sdn Bhd, Unipati Concrete Sdn Bhd, Cimaco Edar Sdn Bhd and Cimaco Quarry Sdn Bhd. Both parties failed t... |
International creditors offer huge loans to Tay Ninh Cement, Vietnam26 July 2006, Published under Cement NewsBNP Paribas of France and China’s ICBC on Monday signed a loan agreement with Vietnam’s FICO to provide the latter a syndicated loan of US$97.1 million to build Tay Ninh Cement Factory. Under the deal with BNP Paribas acting as the lead manager of the loan, the cement factory will receive US$79.1 million as export credits and a commercial loan of US$18 million with a term of 13 year. General director of FICO Tran Phuong Tung said at the signing ceremony in Hanoi that the cement factory, wi... |
Government to tackle Carib Cement over price hike26 July 2006, Published under Cement NewsIndustry and Commerce Minister, Phillip Paulwell, and Finance Minister, Dr. Omar Davies, are to tackle Caribbean Cement Company Limited over its latest round of price increases. Information Minister Colin Campbell disclosed Monday that members of the Cabinet expressed dismay at the timing of the increases so quickly on the heels of the recent cement crisis. The issue of whether this increase would affect the price of cement imported from Cuba will also be discussed at that meeting. And, C... |
Taiwanese expect profit decline in China25 July 2006, Published under Cement NewsTaiwan’s cement makers with operations in mainland China will see their profits for the year drop 10 per cent from their projections made in the beginning of this year, because the cement prices in the mainland has dropped between five per cent and 10 per cent as the mainland would further enhance its policy to dampen the overheated economy. Because of the impact of flooding, the cement prices quoted in southern China area has dropped 10 per cent from RMB330 (US$41.25) per tonne in the ... |
Kien Giang produces 1.86Mt of cement25 July 2006, Published under Cement NewsThe southern province of Kien Giang has produced 1.86Mt of cement so far this year, earning VND1.4 trillion (US$88m) in revenue, says the provincial industry department. Ha Tien Cement Co accounted for 678,444t of the total, making it the province’s leading cement producer. Four cement plants in the province expect to decrease prices in the near future to enhance their competitiveness on the domestic market, said the department. |
Lafarge set to gain in Malaysia25 July 2006, Published under Cement NewsLafarge Malayan Cement Bhd, has been singled out by AmResearch in a report released yesterday. With its 44 per cent market share, Lafarge was also the leader in the domestic cement market, said the bank-backed research house. “Lafarge expects construction projects to start kicking in by the fourth quarter of this year,” AmResearch said. It also noted that domestic cement prices continued the uptrend in the first half, and reckoned that prices were likely to remain stable in the second hal... |
Two new cement plants planned25 July 2006, Published under Cement NewsThe Philippine Yuchengco group of companies and businessman Eduardo Cojuangco Jr. are putting up separate cement factories with a minimum investment cost of P1 billion each. Industry sources said construction of Cojuangco’s cement facility in Bulacan was already under way while the Yuchengco camp had not disclosed the location of its proposed cement plant. Cojuangco, who is chairman of food and beverage giant San Miguel Corp., has an existing cement company, Northern Cement Corp., in Sison ... |
Cemex 2Q results bolstered by domestic sales growth24 July 2006, Published under Cement NewsCemex is expected to post solid revenue gains in the second quarter, with domestic sales growth making up for some weakness in its US business. The world’s biggest supplier of ready-mix concrete and No. 3 cement maker is expected to register sales of at least US$4.5bn in the quarter and generate over US$1bn in earnings before interest, taxes, depreciation and amortization, or Ebitda, according to analyst estimates. That’s in line with guidance the company gave last month that its sal... |
Govt, Rajawali, Cemex sign Gresik deal24 July 2006, Published under Cement NewsIndonesian conglomerate Rajawali Group will buy 24.9 per cent of PT Semen Gresik for US$337m under an agreement signed Monday. As expected, Rajawali is acquiring the stake from Cemex, The Indonesian government owns 51.01 per cent of Gresik, the nation’s largest cement producer. Said Didu, the secretary of the Ministry for State Enterprises, said the government intends to maintain its majority stake in Semen Gresik. He added that the signing of the deal indicates that Cemex no longer intends... |
China’s output of cement in May 200624 July 2006, Published under Cement NewsChina produced 109,093,400t of cement in May 2006. The output in January-May reached 429,265,700t, up 20.4 per cent year on year, according to the National Bureau of Statistics. |