Cement News tagged under: international
Aditya Cement to increase its capacity11 April 2006, Published under Cement NewsGrasim Industries, the flagship of Aditya Birla group, will invest about Rs 560 crore to double the capacity of one of its factories from the current 1.5Mta level. Industry sources say post-expansion, the facility based in Shambupura, Rajasthan, will be the third largest in the Birla group. While Grasim has a 17Mta capacity, UltraTech Cement also produces 17Mta of cement and associate Century Textiles has an annual capacity of 4.7Mta. Experts opine that the top two players, backed by st... |
Lafarge to step back from big acquisitions10 April 2006, Published under Cement NewsBruno Lafont, the new chief executive of French cement maker Lafarge SA, has indicated that the group is stepping back from making any big acquisitions in the near future. In an interview with the Financial Times, Lafont said a large deal is ’not really the order of the day’. There has been frequent market speculation that Lafarge would make an offer for UK building materials group Hanson PLC, which has a market value of around UK£5.4bn. The reason for the lack of another big acquisition b... |
Construction costs to grow in 200610 April 2006, Published under Cement NewsConstruction costs in Latvia could grow 12-15 per cent this year, said Viktors Purins, president of the Latvian Builders Association. He said that construction costs were likely to grow over increased costs of construction machinery maintenance and energy resources that would push up prices for construction materials. Cement and metal prices as well as wages to employees in the construction industry are also expected to rise this year. |
Banks lend to Chinfon Cement10 April 2006, Published under Cement NewsThe Bank for Foreign Trade of Vietnam (Vietcombank) yesterday represented a consortium of five commercial banks signing an agreement to lend US$120m to the Chinfon Cement Plant. Under the agreement, Vietcombank will give the cement plant a loan worth US$60m, the Industrial and Commercial Bank of Vietnam (Incombank) US$24m, while the Asia Commercial Bank (ACB), the Southeast Asia Joint Stock Bank (SEAbank) and the Bank of Bangkok’s Hanoi Branch each will provide US$12m. The Haiphong-based C... |
Senator to attend Holcim groundbreaking10 April 2006, Published under Cement NewsRep. Jo Ann Emerson will help welcome a new business to Southern Missouri tomorrow as the Holcim company breaks ground on its new operation in Bloomsdale. "I am happy to welcome a new employer to Southeast Missouri in Holcim. Our dedicated workforce, skilled employees and wonderful quality of life will be a great asset to Holcim. I look forward to a strong partnership between the company and the citizens of our region, and I want to thank all of the community leaders who have worked very har... |
South African producers continue to smile10 April 2006, Published under Cement NewsSouth African cement companies are sitting pretty at the moment, and the positive sentiment surrounding them is going to be around for a few more years. While there is the widely shared concern that government is not moving fast enough to honour some of its infrastructure commitments, these are not enough to dampen the optimism in the industry. Cement maker Pretoria Portland Cement (PPC) embodies the state of the cement industry. Merrill Lynch says that PPC’s share price has soared 35 per c... |
The road ahead for Gujarat Ambuja10 April 2006, Published under Cement NewsAfter Holcim acquired a 14.8 per cent stake in cement major Gujarat Ambuja Cements Ltd (GACL) in January this year from the promoters, the Sekhsaria family, the suspense surrounding the India strategy of the global cement giant was finally set at rest. Anil Singhvi, for long the face of GACL as its executive director, has been elevated as managing director of the Holcim-controlled company. In this interview, with Sourav Majumdar of Financial Express, Singhvi discusses the road ahead for GA... |
Cement sector to show 10 per cent gain07 April 2006, Published under Cement NewsThe Indian cement industry is upbeat about its results this fiscal following its financial performance in the first three quarters ended December 31, 2005. Industry sales rose 9%, while net profits shot up by 30%. Higher margins this fiscal are a result of savings in fuel costs because of fall in prices of imported coal and optimum use of fuels. Use of alternate fuels resulted into lower fuel costs for Gujarat Ambuja, for example. UltraTech and India Cement got back into black as they gene... |
Govt to monitor cement shortage07 April 2006, Published under Cement NewsTrade Minister, Ken Valley, making the statement yesterday at the weekly post-Cabinet briefing said: "The background to this decision is that for some time the industry has been making representation to the Government with respect to the perceived shortage of cement, aggregate and steel in the market." Valley also admitted to talks of establishing another cement plant here in Trinidad and Tobago. However, concern was immediately raised by reporters as to the opening-up of the market to ceme... |
New cement plants expected soon07 April 2006, Published under Cement NewsIndonesia will build a number of new cement plants soon to meet rising demand for the commodity in 2009/2010, an executive said. Demand for cement would be on the increase in line with the government`s plan to construct 1000km long toll road connecting Jakarta and Surabaya, chairman of the Indonesian Cement Producers Association Urip Timuryono said after meeting Vice President Jusuf Kalla here on Thursday. Urip said the project would need 500,000t to 1Mt of cement. |