Cement News tagged under: international
No change in cement import, export policy, Pakistan19 May 2006, Published under Cement NewsThe government rejected on Thursday the demand of cement manufacturers to immediately change the policy on import and export of cement and informed the All Pakistan Cement Manufacturers Association (APCMA) that the current policy would remain intact unless the cement price came down to the level of Rs 290 per bag. “Rs 290 should be the maximum price of a bag of cement,” said Minister for Industries, Production and Special Initiatives Jahangir Khan Tareen at a meeting with cement manufacture... |
Indocement mulls price cuts, Indonesia19 May 2006, Published under Cement NewsIndonesia’s second largest cement maker, PT Indocement Tunggal Prakarsa, is considering the possibility of price cuts in order to regain market share, particularly in the key Jakarta and West Java markets – reports the Jakarta Post. Finance director Christian Widjaja said Thursday that the company was focussing on increasing its domestic market share to 30.4 percent this year from 28.8 per cent. "We’re thinking of several strategies to achieve this goal, including possible price reductions,... |
Govt to reject Rajawali bid for Cemex stake18 May 2006, Published under Cement NewsThe Indonesian government will turn down the request from Mexican-based cement giant Cemex to approve an offer from the Rajawali Group to purchase Cemex’s shares in state-owned cement maker PT Semen Gresik (SG). The decision by the government to use its "first right of refusal" appears likely to sink the settlement of the already protracted dispute between the government and Cemex over the later’s right to take eventually control of SG based on a deal made in 1998 (writes the Jakarta Post).... |
Cement dealers in Central Mindanao warned18 May 2006, Published under Cement NewsA cement manufacturer and trade officials have warned cement dealers and retailers in Central Mindanao against jacking up prices due to temporary supply shortage noted in the last few weeks due to repairs in the firm’s plant in Davao City. Ernesto Paredes, regional sales head of Holcim Philippines, threatened the company will not supply cement to dealers who sell the product beyond the suggested retail price (SRP). "If they would not sell to the consumers the cement at the suggested retail... |
OCL India to raise funds for capacity expansion18 May 2006, Published under Cement NewsOCL India Ltd is planning to raise funds to expand its Rajgangpur plant to 3.8Mta from 1.8Mta. Total cost of the capacity expansion programme has been estimated at US$150m. The project would be completed and commissioned within the next 28 months. It is unclear as to whether OLC will opt for a rights issue to partially fund this expansion. OCL has also decided to set up a power plant, but Mr Malhotra clarified that only preliminary exercise has started. "No decision has been taken on this ma... |
Indonesia’s ’06 cement sales seen as flat18 May 2006, Published under Cement NewsIndonesia’s domestic cement sales are expected to be flat this year after weak demand in the first quarter, a director of the country’s second largest producer said on Thursday. Indonesia’s cement consumption fell by 3.3 per cent in the first quarter of 2006 compared to the same period a year before due to weak economic growth, and sales dipped by 0.3 per cent year-on-year last month. "Production up until March was down by (nearly) four per cent and up through April it improved slightly as ... |
Cement price discounts – eyewash18 May 2006, Published under Cement NewsThe Builders Association of India, which had approached the government against cement companies for steep hike in prices, today termed as an "eyewash" the cement manufacturers’ proposal to reduce prices for the Central Government supplies. "The cement companies proposal to give five per cent discount on government supplies is an eyewash. The government does not buy any cement directly and the consumers would not get any benefit," BAI (Delhi Centre) Chairman Arun Sahai said. Reacting to Comm... |
Holcim gets backing to build new cement plant18 May 2006, Published under Cement NewsHolcim is reportedly keen to build a new cement plant costing some US$305m at Nyergesújfalu, a small town in northwestern Hungary, 53km from Budapest, along the Slovakian border, where the local government set up an industrial park in 2000 in order to lure investments. Last Sunday (May 14) the municipality conducted a referendum in which voters backed the Holcim scheme. At present, Holcim operates a cement plant in Lábatlan, only a few kilometers west of Nyergesújfalu. However, that plant i... |
TX Active from Italcementi18 May 2006, Published under Cement NewsCarlo Pesenti, Italcementi Group CEO, presented the launch of the industrial scale production and marketing of photocatalytic products manufactured with the TX Active® principle, the fruits of the Italcementi Group research laboratory. It is an important, proactive industrial solution which will make a significant impact in the fight against smog. “We have backed research and innovation since, for a group such as ours, it ensures our development and the ability to be competitive on a global... |
Indonesian government may form consortium to buy Gresik stake17 May 2006, Published under Cement NewsThe government might form a consortium of state-owned companies to join Rajawali Corporation to take over the 24.9 per cent stake of Cemex in Semen Gresik (SG). The decision was made to minimize pros and cons that came up following the planned sales of the shares, an source said here on Tuesday. He said the state-owned companies to join in the consortium were PT Jamsostek, PT Telkom, Pertamina, Bank Mandiri, BNI, BRI and also Semen Gresik itself. However the State Minister for State Firms,... |