Cement News tagged under: international
Cementos Portland buys Uniland, Spain05 June 2006, Published under Cement NewsCementos Portland Valderrivas (CPV) said on Monday it has paid EUR 1.092bn ($1.40bn) for 51 per cent of Catalan cement firm Uniland. CPV said the deal makes it the biggest cement company in Spain with an expected turnover of more than EUR 1.8bn in 2007 and core profit (EBITDA) of more than EUR 600m. CPV said shareholders owning an additional 22.5 per cent of Uniland have a five-year put option to sell their shares to CPV at the same price. If exercised, this would raise the co... |
Cemex to close stake sale in Gresik, Indonesia05 June 2006, Published under Cement NewsCemex plans to complete its sale of a 24.9 per cent stake in state-run cement firm PT Semen Gresik to the Rajawali Group by June 23 or a week after that at the latest, Bisnis Indonesia reported, quoting a source close to the transaction. Cemex is pushing ahead with the sale and ’is not responding’ to the Indonesian government’s proposal to buy back the Semen Gresik stake, the source said. Earlier, State Minister for State Enterprises Sugiharto said the government has the right to buy back t... |
Cement majors’ May sales up, India05 June 2006, Published under Cement NewsIndian cement manufacturers have reported widely varying YoY sales for May 2006. The Associated Cement Companies reported flat growth in sales at 1.522Mt for May 2006, marginally lower than a year ago when May sales were recorded at 1.524Mt. Production too was almost unchanged at 1.563Mt (1.565Mt). The Aditya Birla group reported combined sales of 2.83Mt for May, which it said was 7.9 per cent higher from a year ago. The sales figures include those for Grasim Industries as well as Ultra... |
Uniland opens two cement terminals in the US05 June 2006, Published under Cement NewsSpanish cement manufacturer Uniland has started up two cement distribution centres in the US state of Louisiana, and plans to open another. The two recently-opened terminals, which contain silos and packaging lines, will most likely receive cement from Spanish plants. These two plants, as well as the planned third plant, are part of the company’s preparations for a slowdown in the Spanish market. |
Higher allocation to boost cement industry, Pakistan05 June 2006, Published under Cement NewsA higher public sector investment programme is likely to keep the demand for cement in Pakistan on higher side and support bottomline growth of the local cement producers. Atif Malik, an analyst at Jahangir Siddiqui Capital Markets, said for the last couple of months the cement sector has been in the limelight due to continuous rise in cement prices which led the government to allow subsidized import of cement and withdraw its rebate on cement export. In line with last year’s budget, we exp... |
Investment in Turkish cement plants05 June 2006, Published under Cement NewsAccording to the data obtained from the Treasury Undersecretary in Ankara, incentive certificates for five complete investments were received for the Turkish cement sector in 2005, commitments of YTL 626.6m worth of investment and the employment of 846 people were made. A factory received incentive certificate for its replacement investment of YTL 4m. In Turkey, where clinker capacity is still 42Mt and cement production capacity is 52.5Mt, growth in construction sector in recent period incr... |
Cement shortage threatens building boom, US05 June 2006, Published under Cement NewsJust as the US summer construction season begins, companies are struggling to find enough cement. The real estate market shows no sign of cooling, but there could be a cloud on the horizon. In parts of the Pacific Northwest, for instance, there’s not nearly enough cement, 15 per cent less than last year even as demand has climbed by 30 per cent. "It’s definitely affected our bottom line," says Dave Bertsch, president of Champion Concrete Pumping. "If it continues, we’re going to have some ... |
HeidelbergCement’s confidence in Sierra Leone05 June 2006, Published under Cement NewsThe 10 million leones that Heidelberg Cement recently invested in Sierra Leone has been described by observers of multinational corporations as a sign of the Cement Company’s huge confidence in post-war Sierra Leone’s ability to arise, rebuild and re-develop itself into the Athens of Africa once again. Meanwhile, Mr. Finn Heyerdahl Arnoldsen the Chairman of the Board of Directors of Leocem who is also the Senior Vice President, Africa Division of HeidelbergCement and Mr Arne Birger Johansen... |
Expert blames pollution on Chinese cement05 June 2006, Published under Cement NewsCement factories in southern China have been blamed by an environmental expert for the choking pollution that blankets the region, a media report said Monday. Construction material producers in Foshan, a city in southern China’s Guangdong province, contributed heavily to the sulphur dioxide, nitrogen dioxide, ozone and soot in the air, according to Wu Dui, a researcher at the China Meteorological Administration. "Foshan is unique because it has the country’s largest cluster of construction ... |
Semen Padang able to secure IDR1 Trillion loan02 June 2006, Published under Cement NewsPT Semen Padang is able to get the loan of more than IDR1 trillion (US$107m) to finance the development of new facility as the financial condition of the cement company is improving. Semen Padang’s President Director Endang Irzal said that the current debt to equity ratio is 53:47. "With such ratio we will be able to get the loan of more than IDR1 trillion. To get such loan, however, we have to wait for the assessment on the new facility development plan," he told Bisnis Indonesia befo... |