Cement News tagged under: international
Government suspends protective tariff on cement, Liberian07 June 2006, Published under Cement NewsThe Liberian government is not leaving any stone unturned in ensuring what is appropriate for the citizens as well as the huge development initiatives ahead. Few weeks after announcing that individuals interested in importing cement were free to do so in the wake of CEMENCO’s inability to adequately supply the market, President Ellen Johnson Sirleaf has taken another step. An Executive Mansion release issued late last evening said the Liberian leader has issued Executive Order No. 5 which... |
Argentina cement production up 28 per cent YoY07 June 2006, Published under Cement NewsArgentina’s cement production rose 28 per cent YoY in May 2006 reaching its highest level for the past six years, the Association of Portland cement makers said. The sales, including exports, increased 7.8 per cent month-on-month to 754,854t in May 2006. The results indicate that the public works sector will maintain its importance in the governmental strategy for economic development. Domestic cement sales increased 28.3 per cent YoY and 8.1 per cent month-on-month in May 2006 to 745,493t... |
NTT Government Eyes Semen Kupang’s Stake07 June 2006, Published under Cement NewsThe government of East Nusa Tenggara (NTT) will take over the stake of Bank Mandiri at PT Semen Kupang by injecting IDR50bn to the cement processing company. The negotiation between NTT Government and Bank Mandiri is going on to make sure the technical issue of the acquisition and the percentage of the shares the provincial government will take over. The Secretary of the Ministry of State Owned Enterprises (MSOE) M. Said Didu said that Semen Kupang has asked for the working capital injecti... |
Syria seeks to buy 1Mt of Ukrainian cement07 June 2006, Published under Cement NewsSyria is seeking to buy 1Mt of Ukrainian cement, Syria’s Finance Minister Muhammad al-Husayn said during the Ukrainian-Syrian business forum in Damascus, Syria. He noted that his country needs this amount of cement urgently and is ready to buy it without a tender. "We are ready now to conclude a contract with Ukraine to buy one million tons of cement," the minister said. He voiced an expectation that the cement price will be lower than its market value. Commenting on the offer, Deput... |
Vassiliko lifts sales and profits, Cyprus07 June 2006, Published under Cement NewsVassiliko Cement Works (VCW) of Cyprus reported a strong set of first quarter results with net profit rising four per cent YoY to CYP 1.89m as sales domestically and abroad increased. Total sales surged 14.2 per cent to CYP 11.7m on the back of increased export sales (CYP 1.6m versus CYP 520,000 in 1Q05) and to a lesser extent by the marginal improvement in local sales (CYP 9.8m versus CYP 9.4m in 1Q05). Total sales of cement and clinker increased to 359,000t versus 312,000t. Local q... |
CRH locked in legal battle for Spanish cement firm06 June 2006, Published under Cement NewsCRH is facing a massive legal battle in Spain, according to local news reports, following Spanish cement company Cementos Portland Valderrivas (CPV) said it has paid EUR 1.09bn for 51% of the Catalan cement firm Uniland. Uniland has been in dispute with CRH, its largest shareholder, which owns 26.5% of the company. According to local media reports in Spain, CRH went to court in Barcelona, attempting to block any sale of Uniland, claiming it has the right of first refusal on the rest of t... |
Republic eyes government projects to boost revenues, Philippines06 June 2006, Published under Cement NewsRepublic Cement Corp of the Philippines is eyeing government infrastructure projects this year to boost its revenues. Juan Miguel Montinola, Republic Cement president and chief executive officer, told reporters on Monday that the company is not only providing cement for the construction of the Subic-Clark-Tarlac Road in Central Luzon but is also considering the possibility of supplying other projects. "Yes, we’re always interested in all of these projects. Our other plant is well sui... |
Eurocement Group Ukraine to invest06 June 2006, Published under Cement NewsEurocement Group Ukraine, a subsidiary of Eurocement Group (Moscow) plans to invest about UAH100m in development of its cement plants Baltsem (Balakliia, Kharkiv region) and Pushka (Kramatorsk, Donetsk region), said Hennadii Donets, director of Eurocement Group Ukraine. A total of UAH 47.7m will be spent, including UAH 31.63m on the modernisation of Baltsem and UAH 16.63m on modernisation of Pushka. Moreover, Eurocement Group Ukraine plans to invest UAH 50m in introduction of an... |
Oleg Deripaska aims for Cement holding06 June 2006, Published under Cement NewsRussian aluminium king Oleg Deripaska, the director of RUSAL Holding, is establishing a cement holding. The basic element company he owns is reportedly building two cement factories, in the Ryazan Region and in the Krasnoyarsk Territory. It is also negotiating the acquisition of the No 2 company, Novoroscement, whose assets are estimated at US$851m to over US$1.5bn. |
Sanctions loom for Caribbean Cement Company, Jamaica06 June 2006, Published under Cement NewsDespite accepting responsibility and apologising for releasing 500t of faulty cement into the market earlier this year, Caribbean Cement Company Limited (CCCL) is now facing the possibility of heavy penalties under law. A copy of an extract of the report carried out by the special investigative team, which was mandated to probe the circumstances surrounding the production and release of the non-conforming cement, chided the cement company for dereliction of duty and strongly recommended tha... |