Cement News tagged under: international
Permit to build plant in Saudi jazan20 July 2006, Published under Cement NewsA-Sharq Al-Awsat newspaper quoted Chairman of the Board of the Jazan Development Company Khalid bin Salih a-Shathari who announced in early June 2006 that the Company has received a permit from the Saudi Industry and Trade Ministry to build a cement plant with an annual production capacity of 1.5Mt and investments of SR 1 billion ($285 million). Professional and economic feasibility studies confirm that there is an economic need to build this factory in the Jazan area. |
Turkish cement demand grows Jan-May20 July 2006, Published under Cement NewsNational cement demand increased by 23 per cent in Jan-May, according to a report prepared by the branch association TCMB. Demand is estimated to have increased by a higher 25 per cent in June. To cover the increasing demand, cement production increased by 13 per cent while exports were cut down by 24 per cent and the cement companies are in talks to import cement. The cement sector is expected to grow by 25 per cent this year against the initial forecast of 6-8 per cent, the branch associat... |
Kabul grants licence to private cement company20 July 2006, Published under Cement NewsAfghanistan’s Mines Ministry granted a licence to a private cement company that will invest US$140m in a new plant. Safi Brothers, which was the only bidder for the license, received the licence in presence of representatives from the ministries of finance, economy, industries and mines. Director of the factory Ghulam Hazrat Safi told Pajhwok Afghan News they would soon start work on building a factory some 25km west of Herat city and its construction would be completed in three years. He s... |
Cement companies to post robust Q1 results, India19 July 2006, Published under Cement NewsCement companies are likely to report impressive June quarter results, driven by continuing demand growth and a sharp rally in cement prices. The analysts said that the April-June 2006 period could be one of the best quarters for the cement industry, as impressive growth sales volumes and higher price realisations are likely to have boosted profitability of most of the companies. Companies with high leverage to movement in cement prices – such as ACC, Ultratech and India Cements – are like... |
GCC reports second quarter 2006 results, Mexico19 July 2006, Published under Cement NewsGrupo Cementos de Chihuahua (GCC) announced consolidated results for the second quarter of 2006. Net sales in the second quarter of 2006 increased 48.7% to $1,934.9 million pesos. These gains reflected higher sales in each of the company’s markets, as well as better prices. Sales figures include an increase of 72.0% in the U.S. and Bolivia, driven by the company’s acquisition strategy, and strong domestic growth of 19.6%, reflecting Mexico’s dynamic construction industry. In the U.S., ne... |
Carib Cement cleared of new allegations of faulty cement, Jamaica19 July 2006, Published under Cement NewsPreliminary investigations carried out by the Bureau of Standards have cleared Caribbean Cement Company Limited of allegations that it was still releasing poor quality products to the market. Last Thursday, the Bureau hurriedly commenced a probe into a complaint received from a block manufacturer that he had purchased sub-standard cement earlier in the week. In a statement, the Bureau says early test results revealed that the cement in question met the required standard. The Bureau says i... |
Lafarge launches three new products designed for road constructions, Romania19 July 2006, Published under Cement NewsLafarge Romania has released in Romania three new products for the construction of roads, motorways and road platforms, the company informs. The three products, all hydraulic binders, are Soilmix, Roadmix and Roadmix Plus. The release of the new products this summer completes the series of Lafarge innovations designed to expand portfolio of brand products, on one hand, and to meet the needs of the construction market which develops at a swift pace and makes use of advanced solutions, on th... |
Heidelberg to buy Mysore Cement, India18 July 2006, Published under Cement NewsBarely four months after entering India through a joint venture with Indorama Cement, HeidelbergCement is set to consolidate its presence through acquisition of a majority stake in Mysore Cements. The EUR 7.8 billion German cement giant will pick up 51 per cent in the SK Birla group managed-Mysore Cements. Sources close to the development said the price of the acquisition would be at about a 15 per cent premium over today’s close of Rs 47.95 on the Bombay Stock Exchange. At this price,... |
Anhui Conch to acquire three subsidiaries from parent18 July 2006, Published under Cement NewsAnhui Conch Cement Co. Ltd. has announced that following a meeting of its board of directors, the company has asked for its shareholders’ approval to acquire three subsidiaries from its parent Anhui Conch Holdings Co. Ltd. (Conch Holdings). Under the proposal, Anhui Conch will acquire 100% of Anhui Ningchang Packaging Material Co. Ltd., 75% of Wuhu Conch Plastic Manufacturing Co. Ltd., and 100% of Shanghai Conch Construction Material International Trading Co. Ltd. The three companies toget... |
Peru Cement Output at 2.77Mt18 July 2006, Published under Cement NewsPeruvian cement output stood at 2.77Mt for the first half of 2006, up 15.63 per cent year-on-year, according to data of the Peruvian cement producers’ association Asocem. The volume of Peruvian cement exports rose to 403,633t for the first half of 2006, compared to 313,621t a year earlier. Peruvian domestic cement sales stood at 2.37Mt for the period, compared to 2.06Mt. In June 2006, Peru produced 459,686t of cement, of which 68,299t were directed for exports and the rest was placed on th... |