Cement News tagged under: international
Lafarge bowing to investor pressure04 April 2006, Published under Cement NewsLafarge, owner of a 53.2 per cent stake in Lafarge North America (LAF), today announced that it will amend its cash tender offer for the remaining 46.8 per cent minority stake it does not own by increasing the offer price to US$82 per share. Lafarge has bowed to pressure from increasingly vocal minority shareholders and raised its bid by 9.3 per cent in a move to win full control of North America’s largest cement supplier. Lafarge, which had earlier reiterated last its view that its US$75 ... |
ACC monthly cement production, India04 April 2006, Published under Cement NewsACC cement production and despatch figures for the month of March 2006 were as follows: cement production 1.739Mt; cement despatches 1.746Mt. Over the January-March 2006 period, cement production was noted at 4.928Mt and cement despatches 4.928Mt. Cement production and despatches in March 2006 are the highest ever achieved in any month by ACC as a group. If one looks at the figures in respect of the fiscal year 2005-06 (April-March), ACC’s cement despatches rose to 17.94Mt during the ye... |
JK Cement expansion on track, India04 April 2006, Published under Cement NewsThe capacity expansion programme of both white and grey cement are on schedule say JK Cement India. According to Mr A.K Saraogi, President, Corporate Affairs and CFO the capacity expansion programme of both white and grey cement are on schedule and fresh capacities are likely to be commissioned in June. "For the co-generation power projects we have already placed orders. This too is on schedule. Moreover, our plants have registered 100 per cent capacity utilisation in the last fiscal," he sa... |
Inekon to build cement works in Tajikistan04 April 2006, Published under Cement NewsThe Czech Inekon Group will build a new cement works worth US$100m in Tajikistan in two years under a contract recently signed with the company Izmoili Somonij. Inekon Group said in a press release on Sunday. Inekon Group had earlier signed a contract with GUP Tadzikcement for the modernisation of a cement works in Dushanbe worth US$73m or about Kc1.7bn, Inekon has also said. The new facility in Shartuz will produce 500,000t of cement a year, and output can grow to 2.5Mt a year. The project... |
Pakistan cement market report04 April 2006, Published under Cement NewsWhile expressing the hope that increase in cement demand will continue in months ahead, as GDP growth levels has stabilised above the six per cent per annum mark, Tariq Saigol, chairman of the All Pakistan Cement Manufacturers Association (APCMA) has urged the government to reconsider the APCMA’s long- standing demand for excise duty waiver. He said the expected increase in cement output is likely to double to 40Mta by the end 2007. He said the demand for cement suddenly surged from Februar... |
Aditya Birla Group’s cement despatches, India04 April 2006, Published under Cement NewsAditya Birla group’s cement production for March this year grew by 12.72 per cent at 2.853Mt, while despatches rose by 10.87 per cent at 2.862Mt, over March last year. During the April-March’06 period, the Group’s cement production stood at 28.581Mt up by 8.78 per cent vis-a-vis 26.274Mt during April-March’05, said an official release here. Its despatches during this period stood at 28.585Mt reflecting a rise of 8.85 per cent as against 26.26Mt during April-March’05. |
Orascom suspends US$350m cement investment04 April 2006, Published under Cement NewsEgypt’s Orascom Group, handling construction work at the proposed US$350m Nigerian United Cement Company (UNICEM), cement production plant in Mfamosing, Cross River State, has closed down, following violent clashes which left one of the workers dead. The problem started barely a week ago, when one of its heavy duty trucks conveying another earth-moving equipment to site caused the collapse of the 42-year old bridge, obstructing vehicular movements. The road is the closest link between Nigeri... |
Morten Gade’s open house04 April 2006, Published under Cement NewsThe Managing Director of Ghacem, Morten Gade, has commended the Government of Ghana for adopting sound fiscal policies, many of which have turned the country into one of the best business destinations in Africa. Speaking at a media get-together at his residence in Accra last weekend, Mr. Gade said he is impressed with the country’s economic indicators especially with inflation coming down at a significant and appreciable level. He said the stability of a currency is also among the good sign... |
Russian court cancels antitrust ruling03 April 2006, Published under Cement NewsRussia’s Ninth Arbitration Court of Appeals ruled Friday to cancel a ruling of the Federal Antimonopoly Service (FAS) obliging Russian cement producer Eurocement to cease its alleged antitrust violations. The FAS’ Director Igor Artemyev said Friday that the service plans to appeal the ruling. Eurocement controls 13 cement plants in Russia and two plants in Ukraine. In October 2005 the FAS said that Eurocement had used its monopoly market position to excessively hike cement prices. The... |
Cement terminal plan angers residents03 April 2006, Published under Cement NewsLocal anger at plans for a A$32m industrial complex on Sydney Harbour came to a head in the streets of Balmain yesterday. Reportedly, more than 100 people turned out to protest against a proposed cement terminal at White Bay. Independent Cement and Lime is the company planning to build the A$32 million terminal, which would handle around 500,000tpa of cement in a 30m-tall, 40,000-tonne dome and a separate warehouse for cement bagging, as well as having six silos to load the cement on to tr... |