Cement News tagged under: international
Local cement plant at capacity24 April 2006, Published under Cement NewsAccording to the Associated General Contractors of America, total consumption of cement in 2005 was 126Mt, 29Mt more than domestic producers could make. Imports accounted for 24 per cent of consumption. AGC expects the shortages and higher costs to continue throughout 2006 and beyond because few new plants are being built. Locally, the Lehigh Northeast Cement Company plant in Glens Falls, the oldest continuously operated cement manufacturer in New York, is doing a booming business. "Our pla... |
Holcim announces proposed rights issue21 April 2006, Published under Cement NewsHolcim has announced it will propose shareholders at the next AGM on May 12 a SFr1.7bn capital hike in order to support its growth strategy. The shares will be offered to existing shareholders, with eleven shares entitling to one new registered share, and will be underwritten by a banking syndicate led by UBS AG. The provisonal issue price set by Holcim and the banking syndicate is SFr83 per new share. This may, however, be increased depending on market circumstances. The final issue price... |
China’s output of cement in February 200621 April 2006, Published under Cement NewsChina produced 57,486,300t of cement (all grades) in February 2006. The output in January-February reached 122,384,100t, up 21.3 per cent year on year, according to the National Bureau of Statistics. Looking back, China produced 813.19Mt in 2003; some 933.69Mt in 2004 and 1.0383bn.t in 2005 with approximately 300Mt of comparable international high grade standard. |
Votorantim expanding production base21 April 2006, Published under Cement NewsVotorantim Cimentos, with a 40 per cent hold in the Brazilian cement market, is investing US$100m to expand its Sergipe-based plant which might be used to increase export sales into the US. The company is also detailing a project to invest US$100m to set up a cement plant at Tocantins state, its first in the Northern region, which is currently supplied by the units at Paraiba, Sergipe and Ceara. Marcelo Chamma, commercial manager, says the new plant will be fully integrated from mine to end-... |
Cemex 1Q hits revenue targets20 April 2006, Published under Cement NewsCemex registered a 14 per cent gain in first-quarter net profit as the company met its sales goals noting that net profit rose to US$505m from US$444m in the year-earlier period. Consolidated sales jumped 52 per cent to US$3.9bn and the company reported a 29 per cent increase in earnings before interest, taxes, depreciation and amortization. Cemex’s first quarter earnings were also in line with analyst expectations, which ranged between US$460m and US$510m. Cemex also lowered its net debt b... |
Romanian market records sizeable gains20 April 2006, Published under Cement NewsThe Romanian cement market grew 30 per cent on the year in terms of value in 2005, reaching Euro 400m and rose 10 per cent year-on-year in terms of volume to 6.1Mt, according to estimates of main players, it was reported on April 20, 2006. The cement market will continue to expand in 2006 at a similar rate. Cement consumption in the country increased by 10 per cent in 2005 compared to 2004 to between 275kg and 300kg per capita, while the average price rose to between Euro 60-65 per tonn... |
Akmenes cement sales soar20 April 2006, Published under Cement NewsAkmenes Cementas, Lithuania’s only cement manufacturer, posted 19.1 million litas (Euro 5.5m) in sales for the first three months of 2006, a surge of 77 per cent from the year-earlier figure of 10.8 million litas. In March alone, the sales soared 2.1 times, to 6.4 million litas, from 3.1 million litas in March 2005. "The almost twofold surge in sales resulted on stronger sales on domestic market. The demand of construction sector is surging," said Arturas Zaremba, Akmenes Cementas CEO. ... |
Oyak to sell Elazig works20 April 2006, Published under Cement NewsCelalettin Caglar, head of Oyak cement group, said that the group decided to sell its Elazig cement plant. According to Caglar, the company has informed 25 domestic and international investors regarding the sale. In the cement plan, Oyak group holds a 70 per cent stake and Gama owns the remaining 30 per cent. Caglar further noted that they expect the sale process to be completed in June. Sedat Orhan, general manager of Elazig Cement suggested that the plant was worth US$250m. Orhan added tha... |
Carib Cement to assess claims20 April 2006, Published under Cement NewsCarib Cement Co. has dispatched eight inspection teams across the region to assess claims that the company’s production of inferior cement hurt building projects, a company official said Wednesday. Spokeswoman Lystra Sharp said Carib Cement expects to resolve most of the roughly 215 claims by the end of April. She would not disclose what companies have issued claims against Carib Cement nor would she name any of the projects affected. Officials say Jamaica-based Carib Cement produced substa... |
Korea’s Samsung involved in Angolan factory20 April 2006, Published under Cement NewsA cement factory with an annual production capacity of 1.2Mt will be built in Sumbe, in Kwanza-Sul province, Angola will be financed by Korean electronics manufacturer Samsung, the manager responsible for the project, Marco Sassa told Angola news agency Angpop. According to Sassa, the project is expected to cost some US$400m. The first phase of construction is due to begin in August and the project is scheduled to be concluded in 2008. As well as the factory and equipment needed for it to op... |