Cement News tagged under: international
Inquiry begins into sale of Glen Ding woodland to CRH28 April 2006, Published under Cement NewsAn inquiry into the sale of 145 acres of State land near Blessington, Co Wicklow, began at the tribunal yesterday. The Glen Ding woodland, containing sand and gravel deposits, was sold to Cement Roadstone Holdings (CRH) in 1991 for £1.25 million without going to public tender. In his opening statement, counsel for the tribunal Jerry Healy SC said they would investigate the sale of the land and any role played in it by former chairman of CRH Des Traynor, and any links with former taoiseach C... |
Pioneer to start new line, Pakistan27 April 2006, Published under Cement NewsPioneer Cement, starting to produce 4,300tpd within this week, would help stabilise cement prices in the domestic market. According to industry sources, Pioneer Cement will start producing 4,300tpd of cement, with the second new line of the company. The company’s output prior to this was 2350tpd but the new line is set to improve the supply in the market, curbing local prices. Pioneer Cement during nine months of the current fiscal year exported 105,093t cement to Afghanistan and Mid... |
Cementos Lima 1Q net profit up, Peru27 April 2006, Published under Cement NewsA 17% increase in cement sales helped lift Cementos Lima SA’s first-quarter net income to PEN32.2m (US$9.7m) compared with PEN23.4m in the same quarter in the previous year. Total revenues rose to PEN185.7m in the first quarter compared with PEN156.1m in the same period a year earlier. |
Sibirsky Tsement to invest in Krasnoyarsk plant, Russia27 April 2006, Published under Cement NewsRussian holding Sibirsky Tsement (Siberian Cement) plans to invest US$150m in cement production at its plant located in Krasnoyarsk this year, the company’s President Andrei Muravyov said. The company plans to invest about 30%-40% of the total from its own funds, and borrow the remainder from foreign banks, he said. The plant’s annual production capacity is expected to increase to 2Mta cement within the next three to five years, he said. This year, the plant is expected to produce... |
Plea to revive CCI unit, India27 April 2006, Published under Cement NewsThe Cement Corporation of India Employees’ Union (CCIEU) has asked Chief Minister Y.S. Rajasekhara Reddy to take steps to revive the closed unit. "The Chief Minister out to protect the public sector CCI Adilabad unit by taking up the matter with the Union Government immediately," said the union’s general secretary S. Vilas. At a press conference here, Mr. Vilas circulated copies of the Central, Assam and Himachal Pradesh Governments’ orders related to concessions that can be accorded in ... |
GCC acquisition, USA27 April 2006, Published under Cement NewsMexico’s Grupo Cementos de Chihuahua (GCC) announced the acquisition of 100% of the share capital of The Hardesty Company, Inc, doing business as Mid-Continent Concrete Company, and Alliance Transportation, Inc (collectively referred to as Mid-Continent or MidCo) in a US$271m transaction. The acquisition will be financed with debt and will close on May 1. MidCo will be operated as a wholly-owned subsidiary of GCC by its current management team. Based in Tulsa, Oklahoma, MidCo is the larg... |
Rising cement price slows down construction, India27 April 2006, Published under Cement NewsSteep hike in the prices of construction material, especially of cement, has served a serious setback to the construction industry in Kerala. During the last couple of months, the price of cement has increased by 30-40 per cent, taking the cost of a bag of cement to Rs 200-210 from Rs 155-160 till a couple months back. Cement dealers told local press that this was a regular practice of manufacturers to increase the price during March-May, the period when the construction activity peaks in ... |
Court to hear US’ Russia Partners suit vs Eurocement May 1627 April 2006, Published under Cement NewsThe Moscow Arbitration Court has scheduled for May 16 the preliminary hearings of a RUB 3.35bn lawsuit filed by US-based investment fund Russia Partners against Russia’s Eurocement Group, an official with the court told said. Russia Partners is seeking compensation for alleged profit stripping by Eurocement Group. The investment fund filed the lawsuit through two of its subsidiaries, Kolden Holdings Ltd and Serpell Holdings Ltd, which hold a 44.4% combined stake in Russian cement p... |
Demand for cement to ebb, Thailand27 April 2006, Published under Cement NewsSiam Cement Plc, the country’s largest producer, expects domestic demand for cement to fall next year due to the government’s mega-projects being delayed, an executive said yesterday. Company president Kan Trakulhoon said its sales of cement this year were expected to rise by around 5-6 per cent to 18Mt. Of that, about 11Mt would be sold domestically, and the remaining 7Mt exported overseas. But because of the delay to the mega-projects (mainly train lines in Bangkok), there would be no ... |
Conch targets 23% rise in 2006 cement sales, China27 April 2006, Published under Cement NewsAnhui Conch Cement Co said Wednesday it is aiming for an increase in cement sales of around 23% this year, despite China’s moves to curb cement production as part of efforts to cool overheated sectors of its economy. China’s fragmented cement sector has been hurt by overcapacity and overinvestment, leading a need to overhaul the industry. Beijing said earlier this week that as part of its targets for its Five-Year Plan ending in 2010, the number of cement enterprises should be reduced t... |