Cement News tagged under: international
Lafarge planning US plant expansion23 June 2006, Published under Cement NewsLafarge wants to invest in its cement plant in the southern Illinois town of Joppa. A spokesman for Lafarge North America says the company is seeking permits for the upgrade and expansion of its 1.3Mta integrated facility. The planned construction of two new state-of-the-art kilns would allow the plant to more than double its production to 3Mta. Construction could begin as early as late summer and would take about two and a half years to complete. The company says, once completed, the plant... |
China’s output of cement in April 200623 June 2006, Published under Cement NewsChina produced 103,750,900t of cement in April 2006. The output in January-April reached 319,781,100t, up 21.8 per cent year on year, according to the National Bureau of Statistics. |
Buzzi Unicem acquires 35 per cent stakes in two Algerian22 June 2006, Published under Cement NewsBuzzi Unicem SpA said it is acquiring a 35 per cent stake in Algeria cement company Hadjar Soud for EUR58m and a similar stake in Sur El Ghoziane for EUR52m. The Italian company said it is acquiring the stakes after winning the privatisation contest organised by the Algerian state, adding that the acquisitions are subject to agreements on governance for the firms. ’Buzzi Unicem will have responsibility for managing the two production units in addition to having representatives in the gover... |
Cement plants to raise capacity by 10% to meet demand22 June 2006, Published under Cement NewsVietnam’s cement plants will raise their capacity by 10% between now and 2008 in order to meet the increasing demand for the product in the country, said General Director of the Vietnam Cement Corp (VNCC), Le Van Chung. He said no more new cement plant will be put into operation during the period so existing plants must run at full capacity to be able to supply enough cement for the domestic market. VNCC will continue to accelerate its expansion of cement plants including Hoang Thach... |
Cement firm expects industry slump, Philippines22 June 2006, Published under Cement NewsFortune Cement Corp. expects a decline in sales and demand, or at best, a flat performance for 2006 due to less government infrastructure spending and high energy rates. For this year, officials of the cement firm, which is heavily dependent on public works spending, said they are focusing on keeping their head above water amid adverse economic conditions and slow demand. Local cement demand decreased by 4.5% in 2005, to 11.8Mt from 2004’s 12.4Mt. Edgardo R. Soriano, Fortune Cement... |
Cement prices firm despite monsoons22 June 2006, Published under Cement NewsCement prices are showing no signs of abatement despite the arrival of the monsoons in some parts of the country. Usually, cement prices go down during the monsoons due to decline in demand, as construction activities slow down. Analysts and dealers FE spoke to expect the prices to remain firm despite a government warning to companies against charging abnormally high prices. They also expect a further hike in cement price by Rs 5 per bag from July 1. "Cement prices may further rise even duri... |
Andhra Cements to expand cement capacity22 June 2006, Published under Cement NewsAccording to GP Goenka, Chairman, Andhra Cements, the company’s Phase I capacity is to be increased to at least three million tonnes from the current capacity at 1.7Mt. The cost is likely to be Rs 100 crore, to be financed through debt and internal accrual. No price hike is expected till the end of this year. Current prices are hovering around Rs 160-165 per bag. The company is looking to increase exports to 40,000 tonnes per month. Firming up expansion plans will be done before the end of... |
Holcim to buy UK’s Foster Yeoman21 June 2006, Published under Cement NewsHolcim Ltd said it has made a recommended cash offer, via its UK unit Aggregate Industries, to buy the privately-held UK heavy building materials company Foster Yeoman Ltd. Holcim would not comment on the price it has offered, but said Aggregate Industries has already has received irrevocable undertakings to accept the offer from holders of 68.3 pct of Foster’s shares. These undertakings will remain binding in the event of any competing offer, it added. In the financial year ended May 2... |
CIMA and Vicat disagree over control21 June 2006, Published under Cement NewsCement Industries of Malaysia Bhd (CIMA) said talks to sell a stake in five of its units to France’s Vicat were unsuccessful because it was unwilling to sell a controlling stake, the Edge financial daily reported. UEM World holds a 54 per cent stake in CIMA The newspaper cited UEM World’s managing director, Ahmad Pardas Senin,. as saying that CIMA wants to keep a controlling stake in its five units, including Negeri Sembilan Cement Industries Sdn Bhd, Pemasaran Simen Negara Sdn Bhd, U... |
Lafarge plans to invest more in its Moroccan facilities21 June 2006, Published under Cement NewsLafarge announced its plans to increase and refurbish its cement manufacturing capacity located in Morocco. The group has its manufacturing plants in Tetuan and Tangier plants, in northern Morocco. Lafarge allows that it plans to invest MAD 2bn (USD 228.3m), for this purpose. Lafarge signed an agreement in a meeting, which was chaired by Moroccan Premier Driss Jettou. |