Cement News tagged under: international
Steel Authority of India has identified Jaiprakash Associates as joint venture28 June 2006, Published under Cement NewsSteel Authority of India has identified Jaiprakash Associates as the strategic partner for setting up a 2Mt slag-based cement unit at its Bhilai Steel Plant. In an intimation to exchanges, the company stated that a letter of intent was being issued to Jaiprakash Industries. The proposed cement plant would be set up by a joint venture company, in which SAIL would hold 26 per cent stake while the rest will be held by Jaiprakash. The plant would use slag generated at the blast furnace at Bhila... |
Cemex: bet high – bet low?27 June 2006, Published under Cement NewsThe recent Cemex 20-F filing to the US Securities and Exchange Commission in early June-06, highlights some interesting financial background notes of this international cement and building materials giant, which could tend to reflect upon Cemex’s continuing global success. Parts of this latest 20-F submission are especially pertinent, given that Mexico faces presidential, federal and local elections this coming weekend, Sunday 2nd July, with a real chance of outgoing Vincente Fox and his he... |
CRH wins the opening Uniland round27 June 2006, Published under Cement NewsCRH appears to have won the opening round in its court battle with the board of Corporacion Uniland, the Catalan cement group 26.3pc owned by the Irish building materials giant. The Commercial Court of Barcelona yesterday confirmed the validity of CRH’s ownership of 22.4 per cent of the shares in the Barcelona based Uniland. These shares represented the sole assets of three former Uniland subsidiaries acquired by CRH towards the end of 2005. The registration of the balance of 3.9 per c... |
Ilam cement plant investment27 June 2006, Published under Cement NewsAccording to Tehran Times some Euro 25m will be invested in a development plan that is aimed to increase the production capacity of the Ilam Cement Plant. According to the plant’s managing director Morteza Lotfi, about 95 per cent of the required equipment has been bought and would be installed in the factory soon. “The project, which started two years ago, is projected to add one million tons to the current 600,000-ton capacity of the plant,” he added. |
Holcim Romania raises workforce development27 June 2006, Published under Cement NewsHolcim Romania will invest Euro 600,000, up 30 per cent year-on-year, in programmes aimed at the personal and professional development of its employees, it was reported on June 26, 2006. The programmes, running for the sixth year in a row, focus on skills which will improve leadership, communication, presentations, negotiations, time and priorities management, marketing, computer literacy, language proficiency and technical abilities. Each of the company’s 1300 employees is to partic... |
VNCC to offer shares by 200727 June 2006, Published under Cement NewsThe Viet Nam Cement Corporation (VNCC) currently holding 46 per cent of the nation’s cement market, expects to complete equitising all of its subsidiaries by the end of 2007, according to director Le Van Chung. The corporation’s target is to restructure to follow the parent-subsidiary model and establish the Viet Nam Cement Industry Group which would focus on cement production, assembling construction machinery and other related services, said Chung. The corporation has so far completed th... |
Cemex to invest in new Latvian cement plant27 June 2006, Published under Cement NewsCemex plans to invest US$160m in the construction of a new cement plant in Latvia to prevent cement deficit on the Latvian market of construction materials, reported the Latvian business daily Dienas Bizness. Luis Miguel Cantu, board chairman of Cemex subsidiary in Latvia, which is the only cement producer in this Baltic state, told the newspaper that the new plant to be built in Broceni, western Latvia, by 2009 would produce 1.15Mt of clinker and 1.588Mt of cement annually. When th... |
Hanson to strengthen its European slag operations?27 June 2006, Published under Cement NewsFresh from taking over the Civil and Marine in March this year (with this UK-based company noted as the UK’s largest supplier of ground granulated blast furnace slag (GGBS)), Hanson is now reportedly close to acquiring Orcem in the Netherlands and Ecocem in Ireland. Both these company are privately owned, by Donal O’Riain and other independent backers, and both have been relatively successful selling their independently-sourced GGBS downstream to the concrete and ready-mix sectors in Belgi... |
Basic Element, Inteco plan cement plant, Russia26 June 2006, Published under Cement NewsRussian holding Basic Element plans to build a cement plant in Russia’s Ryazan Region jointly with Inteco company, Russian business daily Vedomosti said Friday, citing sources in both companies. Inteco is controlled by Yelena Baturina, wife of Moscow’s mayor, Yury Luzhkov. Shareholders of the two companies have reached an agreement to invest in the project on a parity basis, a source familiar with Basic Element’s plans said. Meanwhile, according to Inteco’s top manager, the parties are ... |
Strengthening of aggregates in the US26 June 2006, Published under Cement NewsAggregate Industries, a wholly owned subsidiary of Holcim Ltd, has agreed to acquire 100 per cent of Meyer Material Company (Meyer) for US$231m from US Equity Partners, LP and Park Avenue Equity Partners, LP. Completion of the acquisition is anticipated to occur in July 2006 subject to regulatory approval. Meyer, based near Chicago in Illinois, is a leading supplier of aggregates, ready-mix concrete and concrete paving products. The company’s primary markets are located in the Northwestern ... |