Cement News tagged under: international
Russia’s antitrust warns Eurocement against hiking prices19 April 2006, Published under Cement NewsRussia’s Federal Antimonopoly Service (FAS) has again warned Russian cement producer Eurocement Group against increasing cement prices further, the FAS said Tuesday. Director of the FAS Igor Artemyev sent a letter warning the Chairman of Eurocement Group’s board of directors Filaret Galchev, the FAS said. Eurocement Group is to inform the FAS before it raises its cement prices by more than five per cent, the FAS said. On this condition the FAS earlier approved Eurocement Group’s purchases... |
India Cements sale speculation19 April 2006, Published under Cement NewsMarket rumours that cement major Grasim Industries is eyeing a stake in Chennai-based India Cements, taking its stock up to a 52-week high of Rs 210.70 on Tuesday. India Cements has a total capacity of 9Mta and posted net sales of Rs 1,162 crore for fiscal 2005. Grasim has a capacity to produce 31Mta. The India Cements stock ended the day at Rs 204. India Cements vice-president, corporate finance, VM Mohan denied the developments. He said, "We are not in talks with Grasim. Nor are we looki... |
Macquire Research on Indian prospects19 April 2006, Published under Cement NewsRakesh Arora of Macquire Research Equities, India says that cement supply will not come in for the next two-three years, which may result in cement prices going further up. Based on profitability, Arora picks up two stocks, Grasim Industries and UltraTech Cement, which are bound to gain from the cement price hikes which are happening. He gives his views on the cement space. On cement prices, we are quite sure that supply will not come in for the next two-three years, so it boils down to cem... |
On the road to Damascus19 April 2006, Published under Cement NewsA new cement factory will be built close to Damascus with a cost of Euro 260m and with 3Mta capacity, Syrian daily newspaper of al-Thawra said Tuesday. Ziad al-Za’im, a Syrian investor, had already got the go-ahead official approval for the project, and has also got the land for building the factory, the paper added. The investor is negotiating with an Italian-French Company for the structural studies and equipment. The factory is expected to be commissioned by late 2007. |
Gov’t urged to investigate cement capacity18 April 2006, Published under Cement NewsA document obtained from the Philippine Tariff Commission showed that the industry’s reported capacity in 2004 was at a higher 528 million bags of cement but the operating capacity (actual) was at 345 million cement bags while cement demand was placed at 303 million bags. This figure showed that the gap between demand (303 million bags in 2004) and actual operating capacity (345 million bags) is just very small and that is assuming that the demand and capacity are constant. But if the proj... |
Siam City Cement says Q1 revenue hit by political fallout18 April 2006, Published under Cement NewsSiam City Cement Plc, the country’s second largest cement maker, has conceded its revenue in the first quarter of this year has already been hit hard by political turmoil and hopes that the uncertainties will end as soon as possible, the Bangkok Post reports. Chantana Sukumanont, SCCC’s executive vice-president, said the company had begun to worry its sales would miss the five per cent growth target set earlier. "Actually, I think a target of five per cent for this year is quite conserv... |
Padang notes rise in cement production18 April 2006, Published under Cement NewsIndonesian producer PT Semen Padang in West Sumatra recorded a 6.4 per cent year-on-year increase in production to 1.26Mt in the first quarter of this year. The production was 9.21 per cent higher than previous estimate, company secretary Chairil Chaidir said. Padang saw its sales rise 3.4 per cent to 1.19Mt in the first three months of this year compared with the same period last year. Chaidir said the company plans to reduce exports to increase supply and prevent a shortage on the domest... |
ACC prepares for expansion18 April 2006, Published under Cement NewsAssociated Cement Companies (ACC) India, plans to invest about Rs400 crore to expand capacity at its facility in Lakheri in Rajasthan by 1Mta. The company also plans to set up a 25mW coal-based captive power plant. The proposed investment is part of the company’s Rs690-crore capital expenditure plan for 2006. |
Russia’s Eurocement to invest more18 April 2006, Published under Cement NewsEurocement Group plans in 2006-2007 to invest more than 670 million rubles in two cement-producing plants located in Russia’s Belgorod Region, Eurocement Group said in a press release Thursday. The two plants, Belgorodsky Tsement and Oskoltsement, are to increase their output following the move, Eurocement Group said. Belgorodsky Tsement plans to produce 2.6Mt of cement in 2007, up from 2.2Mt in 2006, while Oskoltsement plans to produce 3.5Mt of cement in 2007, up from 3.2Mt in 2006, Eurocem... |
Lafarge to invest in Ciment Rezina18 April 2006, Published under Cement NewsLafarge said on Thursday it plans to invest Euro 30m to 40m in the next four years in the development of its Moldovan unit, cement producer Ciment Rezina. Lafarge director for Moldova Hubert Pillet told a news conference that the investments would be used mainly to improve quality of products and to launch production of new types of cement. He added that Lafarge aims to make the Moldovan unit a leader on the domestic market. The owner also targets exports to Romania and Ukraine. Main rivals... |