Cement News tagged under: international
Uzbekistan to sell cement unit12 April 2006, Published under Cement NewsThe state commission for conducting tenders on the sale of the state assets to the foreign investors announced open tender for the sale of a 26 per cent share of joint venture company Ohangaron Rangli Sement a small producer of around 0.3Mta capacity which specialises in off-white and coloured cements. The tender was announced based on the Resolution of the President of the Republic of Uzbekistan #PP-29 dated 14 March 2005. According to tender announcement, 51,271 shares of the JV JSC Oh... |
Lafarge to look at more opportunities in India12 April 2006, Published under Cement NewsAfter a gap of almost five years, Lafarge India, a subsidiary of the Paris-based Lafarge Group, is once again on the prowl. The company has started talking to a few Indian cement players for possible M&A opportunities. The company says it is on the lookout again. Cement is essentially a high-volume-low-margin business and industry stalwarts point out that a company is often sustained by volume growth. That’s why Lafarge has started its hunt again. Of course, M&As may just be one of the o... |
Podilskyi Tsement increases cement production12 April 2006, Published under Cement NewsIn March, the Podilskyi Tsement cement company (Kamianets-Podilskyi, Khmelnytskyi region), which is one of the three largest producers of cement in Ukraine, increased cement production by 24.2 per cent or 22,000 tons to 113,600 tons compared to the same period in 2005. In 2005 the company increased cement production by 3.4 per cent or 61,000t to 1.856Mt, clinker - by 12.7 per cent or 185,000t to 1.641Mt compared with the year 2004. Ireland’s CRH Poland B.V. owns 93.68 per cent of the sh... |
Ancap analyses cooperation options12 April 2006, Published under Cement NewsUruguay’s state-owned oil company Ancap is analysing several options for association with private companies, including Argentina’s largest cement maker Loma Negra, in order to improve the management of Ancap’s cement division, the company’s director German Riet said on April 10, 2006. Ancap’s cement division has just registered an annual loss of US$3.0m.The two plants of Ancap are technologically obsolete, Riet added. One of the options for the company is to renegotiate the association w... |
Lucka boosts sales12 April 2006, Published under Cement NewsFormer cement producer Cementaren Lietavska Lucka (CLL) reported sales of its own products and services at SKK 188.8m last year. This is an increase of 11 per cent y/y, according to data provided to SITA by representatives of the firm’s majority owner, company Calmit, Bratislava. Sales of goods rose 7.2 per cent y/y to SKK 73.6m. This includes a sizeable amount of ground limestone. However, sales of goods will decrease, since sale of cement products in CLL ends in 2006 and the company ... |
Ash Grove and Enron12 April 2006, Published under Cement NewsMontana Attorney General Mike McGrath on Monday criticized a proposed settlement reached by the staff of the Federal Energy Regulatory Commission and Enron Corp over allegations that the company ripped off businesses in the Northwest in 2000 and 2001. The Montana attorney general noted that in January 2005, FERC staff members testified that Enron had manipulated the wholesale energy market in 11 Western states, including Montana, and made US$1.7bn in profits. "It is especially ironic... |
President supports cement plans12 April 2006, Published under Cement NewsAt the meeting with heads of departments of the administration the President Kurmanbek Bakiyev has reiterated his support concerning the recent decision of the government on the beginning of construction of one more cement factory in the south of Kyrgyzstan, in central Asia. “As you know, last month the construction of cement factory has began in Kyzylkia at the financial support of the Chinese side amounting of about US$90m. Its annual capacity will make more than 1Mt. The constructio... |
Creditors Plan to Sell Ssangyong Cement by June11 April 2006, Published under Cement NewsCreditor banks of SsangYong Cement Industrial plan to complete sale of their stakes in the country’s leading cement maker early this year, sources close to the deal said Monday. SsangYong Cement is now 46 per cent owned by banks and Japan’s Taiheiyo Cement Corporation (TCC) and its business partners have a 30.5-percent stake. Its management is virtually controlled by TCC. Creditor banks, including Korea Development Bank and Shinhan Bank, have been seeking to sell their stakes since t... |
Imported cement to ease shortage11 April 2006, Published under Cement NewsMore than 200,000t of cement will be imported into Jamaica in the coming weeks in an attempt to address the severe shortage of the commodity on the local market. Minister of Information and Development, Senator Colin Campbell made the disclosure yesterday while addressing the weekly post-Cabinet press briefing at Jamaica House. "Cabinet did deal with the cement situation and I am happy to report that ... the cement supply situation was steadily improving even though there is still so... |
Huaxin Cement wins Holcim trade11 April 2006, Published under Cement NewsChina’s Huaxin Cement said it has won a contract to supply 2Mt of cement to Holcim Trading for a value of just US$20m (sic). In a statement filed to the Shanghai Stock Exchange, Huaxin said it will deliver the cement to Holcim Trading, which is fully owned by Switzerland’s Holcim Ltd, by December 2007. Huaxin also said its shareholders have approved its previously announced plan to issue 160 mln A-shares to Holchin BV, a unit of Holcim Ltd. Holchin BV already owns 26.11 per cent of H... |