Cement News tagged under: international
Mexico’s Cemex to sell Indo stake25 April 2006, Published under Cement NewsCemex SA has reached a deal to sell its 25.53 per cent stake in Indonesia’s largest cement maker, Semen Gresik, to the little-known Indonesian Rajawali Group, a report said Tuesday. "The transaction has been agreed after the government confirmed that it does not intend to buy back the stake. There has been an agreement between Cemex and Rajawali," Bisnis Indonesia quoted an unidentified source as saying. The deal awaits only the agreement of the government, Bisnis said. It did not provide... |
CRH would prefer increased Uniland stake25 April 2006, Published under Cement NewsIrish building materials maker CRH PLC (CRH) is interested in increasing its stake in Spanish cement producer Uniland should the opportunity arise, a CRH spokesman said Monday. In December, CRH bought a 26.3 per cent stake in Uniland for Euro 300m. "If the opportunity comes to invest, CRH will clearly be interested," a CRH spokesman told Dow Jones Newswires. "As investors in the business, CRH sees it as a business of value and, if the rest [of Uniland] were to come available, they’d certa... |
IFC supports Mauritania’s concrete company25 April 2006, Published under Cement NewsWashington-based International Finance Corporation, has signed a loan for US$10.8m to BSA Ciment SA, a Mauritanian company, to support the construction of a modern concrete production plant in Mauritania’s capital, Nouakchott. IFC’s financing will help a local firm increase domestic cement production at a time when consumption is expected to rise significantly, as Mauritania starts producing oil this year The plant will produce ready-mixed concrete, which can be used directly at constructio... |
Lafarge raises buy-out offer again24 April 2006, Published under Cement NewsLafarge has further increased its bid to buy out Lafarge North America Inc. minority shareholders to US$85.50 a share from US$82 earlier, the world’s biggest cement maker said on Monday. It is the second time that Lafarge has increased the offer which represents a 33 per cent premium over LNA’s closing share price on Feb. 3, Lafarge said in a statement. A special committee for Lafarge North America will unanimously recommend minority shareholders accept the higher offer, Lafarge said. |
Saudi cement sector outlook24 April 2006, Published under Cement NewsAccording to data currently available, projects currently under execution in the GCC amount to about $620bn. Out of these, Saudi Arabia is believed to account for about 29.3 per cent, or $182bn worth of projects. Of these about $80bn (or over 44 per cent) worth of projects are believed to be in the civil segment. Civil projects – covering infrastructure and property construction segments – are known to be highly cement-intensive in nature. The high proportion of the proposed investments in t... |
Pakistan to import cement24 April 2006, Published under Cement NewsPakistan is set to import 400,000t of cement to stabilise prices following rising demand. A vessel with nearly 32,000t of cement is due to arrive from China early next month, while a ship carrying 25,000 tonnes of clinker is expected from the Philippines soon, trade sources said. Importers were in negotiations with suppliers following a Rs.60 per bag rebate announced by the government, said Raees Ashraf Tar Mohammad, the chairman of the Pakistan Commodity Traders’ Association. Ashraf said t... |
Demand for cement rising in Malaysia24 April 2006, Published under Cement NewsWhat are Tasek’s prospects over the next five years? Barring any unforeseen circumstances, we expect demand for cement sales in Peninsular Malaysia over the next five years to improve in line with the boost from the current government master plan. Says the CEO Tasek Corp Bhd. This is based on the RM46.8bn allocation for infrastructure and RM18.4bn for housing development. Tasek is the fourth largest among the integrated cement industry players in Peninsular Malaysia in terms of rated cap... |
Building boom in Barbados24 April 2006, Published under Cement NewsThe current building boom, fuelled by preparations for Cricket World Cup 2007, will likely ’taper off’ within three years, says a leading player in the construction sector. Until then, however, local concrete producers and the only Barbados cement manufacturer expect to continue enjoying the dramatic increase in sales, representing the most solid business they have had in five years. Speaking at the weekend, Leon Layne, marketing manager, Premix & Precast Concrete Inc. (PPCI), one of eight ... |
Cement prices up on high demand24 April 2006, Published under Cement NewsIncreased cement demand and no major capacity addition from large Indian players will keep cement prices on firm ground for most of ’06 and ’07. The tight demand-supply situation seen at present is expected to last for two years. Since about 10-14Mt of additional capacity is expected to be added, while incremental demand is expected in the range of 28Mt. Scope for sweating existing assets is limited as capacity utilisation is high already. While the total installed capacity is 160Mt, demand... |
Murli Agro to enter cement market24 April 2006, Published under Cement NewsMurli Agro Products (MAPL) has decided to enter the Indian cement market. The company is setting up a 2.1Mt greenfield cement manufacturing plant in the Chandrapur district of Maharashtra with an investment of Rs 578 crore. MAPL, which has interests in paper manufacturing, solvent extraction and captive power generation would mobilise debt of Rs 347 crore from various banks, while the remaining amount will be generated through internal accruals. “We are looking at various avenues for expansi... |