Cement News tagged under: international
Lafarge in the race for Himachal21 June 2006, Published under Cement NewsLafarge is in the running for setting up an Al Sindi cement plant at Himachal Pradesh’s Mandi district. About half a dozen Indian firms are eyeing the project. This is Lafarge’s third attempt to set up cement plants in the hill state. It has lost out to domestic players twice in the last couple of years. Sources say the French company is facing competition from Ambuja Cements, India Cements, Jaypee Industries, Sri Cements, J K Laxmi Cements and Star Cements for the proposed Al Sindi cement... |
Beer, water and cement tax21 June 2006, Published under Cement NewsUganda’s Dr Ezra Suruma unveiled a budget designed to encourage savings, create a Ush100 billion ($57.1 million) Energy Fund to fight the crippling power crisis and allow President Yoweri Museveni’s government to throw money at the grassroots in order to raise household incomes. The Finance Minister admitted in his speech to Parliament last Thursday that the 2006/7 budget, the second under his watch, was "particularly challenging" due to a prolonged drought that led to the lowest growth in ... |
Rajawali is credible investor says Minister20 June 2006, Published under Cement NewsThe Ministry of State Owned Enterprises finally concluded that Rajawali Corporation is a credible investor to acquire 24.9 per cent interest of PT Semen Gresik from Cemex. In the meantime Cemex said that the arbitrage process will be automatically terminated if the divestment process of 24.9 per cent shares of PT Semen Gresik has been concluded. The SOE Minister Sugiharto said that Cemex would like to terminate the arbitrage claim if the transaction of 24.9 per cent stake of Semen Gresik... |
Relaxed procedures help ease imports into Qatar20 June 2006, Published under Cement NewsTriggered by the construction boom Qatar still faces cement shortage, but the relaxed procedures have facilitated the import of about 3.8Mt of clinker and different types of cement in 2005. A study by Qatar’s Planning Council indicates that clinker and different types of cement worth QR630mn had landed at the State’s ports last year. The imported material includes ordinary, white, sulphate resistant and super sulphate cement and clinker. Industry sources yesterday said the import of clinker... |
Cement factory for Afghanistan20 June 2006, Published under Cement NewsTwo private companies have agreed to launch three large projects in Afghanistan, including a hydropower plant, the construction of cold storages and the establishment of a cement factory. The pact was signed by a Russian company IFPEEC, a local company in the name of Ittefaq Group and the Afghanistan International Chamber of Commerce (AICC) here on Monday. Speaking on the occasion, director of the Russian company said that 100kW and 500kW of electricity would be produced with the help... |
Malaysia’s CIMA says resumed talks with Vicat20 June 2006, Published under Cement NewsCement Industries Malaysia Bhd (CIMA) said it has resumed discussions with French cement company Vicat SA for the latter’s plan to acquire controlling stakes in five CIMA subsidiaries. CIMA had in March received an offer from Vicat to acquire 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. On June 1 CIMA said both parties had not reached an agreement and the offer lapse... |
Turkish news in brief20 June 2006, Published under Cement NewsAkcansa Cimento Sanayi, a cement company, sent a statement to the ISE and said that it did not participate in the capital increase of its subsidiary Enerjisa Enerji Uretim, an energy company, consequently its stake in Enerjisa declined to 5.3 per cent from 9.2 per cent. Akcansa said that it started a US$135m investment to establish its second clinker production line and due to this investment it decided not to participate in the capital increase of Enerjisa. Goltas Goller Bolgesi Cimento... |
Vietnam assures consumers on supply and prices19 June 2006, Published under Cement NewsVu Van Hiep, deputy general director of the Viet Nam Cement Corporation (VNCC), this week assured the nation’s construction companies that there would be no serious shortages of cement and no additional price hikes during the peak of this year’s construction season in May, June and July. Addressing reports of cement companies creating artificial shortages by stockpiling supplies to drive prices higher, Hiep said such behaviour would not be tolerated by the VNCC and its subsidiaries. The con... |
Semen Gresik sales down19 June 2006, Published under Cement NewsPT Semen Gresik said sales in the five months to May fell 1.3 per cent year-on-year to 6.01Mt, led by a big fall in exports. It said domestic sales in the five months rose to 5.68Mt from 5.45Mt a year earlier while exports dropped 48.6 per cent to 327,934t from 637, 973t previously. The company has said it planned to reduce exports by 25-30 per cent this year to maintain its 45 per cent share of the local market and to reap the benefits of more profitable domestic sales. Meanwhile... |
Mayor approves inquiry into cement companies19 June 2006, Published under Cement NewsMayor Braulio Yaranon has approved a City Council resolution, which called for a congressional inquiry on the alleged overpricing of cement by select manufacturers. The resolution was passed on account of reports mostly from construction firms that local manufacturers have overpriced the cement sold to them. With the prevailing market price of P165 to P170 per bag (now P195), the resolution stated that the production cost of cement costs only P70. As such, the price of cement should be lower... |