Cement News tagged under: international
Cement prices to rise on back of fuel hikes – Jordan17 March 2006, Published under Cement NewsJordan Cement Factories Company (JCFC) will increase the price of cement after the implementation of the government’s decision to hike the price of oil derivatives in April, JCFC Managing Director Rasheed Ben Yakhlouf said. "The increase in cement prices will reflect the new oil prices in the Kingdom," Yakhlouf said.The government announced this week that the price of oil derivatives would rise by an average of 25 per cent. To offset the effects of the hike on low-income families, the gove... |
El-Khayyat cement project, Saudia Arabia17 March 2006, Published under Cement NewsThe El-Khayyat Cement, a new greenfield cement project, is being launched and it will add 1Mt to the Saudi cement sector. The move is made at a time when the Kingdom is gearing up for massive construction projects including the SR100bn King Abdullah Economic City in Rabigh. An agreement was signed yesterday to appoint Riyad Bank as a financial adviser to structure private placement and project financing for the cement project. Riyad Bank President and CEO Talal Al-Qudaibi and El-Khayyat Re... |
Cement plant begins production in Hai Phong, Vietnam17 March 2006, Published under Cement NewsSon Truong Co Ltd recently began operations at a new cement plant in Hai Phong’s Minh Duc Industrial Zone, said company general director Ta Quyet Thang. The 90,000m2 VND126bn (US$7.9m) facility is equipped with industrial production equipment imported from South Korea, Germany and Malaysia. |
Moldova’s Ciment more than doubles 2005 net profit17 March 2006, Published under Cement NewsThe net profit of Moldovan cement producer Ciment, majority owned by Lafarge, more than doubled last year to 50.9m lei (US$3.9m). Ciment, located in the northern town of Rezina, had a 296.7m lei statutory capital at the end of 2005. Lafarge bought 51 per cent in Ciment in 1999 for US$200,000 and pledged to repay the company’s debt of 38m lei and to invest $12m in the modernisation of the plant. Lafarge owns 71.4 per cent in the company now. |
Feb cement production down, Ukraine17 March 2006, Published under Cement NewsUkrainian cement production in February, fell by 6.3 per cent compared with February 2005, to 483,000t, the State Statistics Committee said. In February, cement production fell by 1.2 per cent compared with January. In January cement production fell by 3.4 per cent compared with January 2005, to 489,000t. In 2005, cement production rose by 14.6% compared with 2004, to 12,183,000t. |
Cement price hikes loom despite predicted boom, UK17 March 2006, Published under Cement NewsMarket Business Development (MBD) said the UK construction industry will spend 14 per cent more on cement by 2010, with sales at UK£962.5m at 2005 prices. The report said: “The sector likely to continue to be affected by EU legislation and rising energy costs, which is expected to lead to a further increase in prices in the short term.” Contractors will spend 10% more on concrete and concrete products in 2010, MBD said. Ready mixed concrete will account for 31% of sales after growing 5%, and... |
Protest against Carib Cement called off17 March 2006, Published under Cement NewsA protest planned for Thursday against Caribbean Cement Company’s expansion project was called off. It was organised by the Jamaica Labour Party and was expected to involve residents of communities surrounding Caribbean Cement Company’s Rockfort plant. The residents are reportedly upset that the company is going ahead with the expansion without consulting them. Member of Parliament for Western St. Thomas James Robertson says the protest has been postponed due to the mounting problems facing... |
36,000t of cement expected in Jamaica17 March 2006, Published under Cement NewsMinister of Commerce, Science and Technology, Phillip Paulwell revealed March 14, that since the tariff on cement was reduced to 15 per cent last week, the Trade Board has advised that based on applications received, some 36,000t of cement were expected in the island during the next couple of weeks. Making the disclosure in the House of Representatives, Mr. Paulwell said it was his estimation that by the end of this week, "we should see applications totalling over 100,000t". The Minister w... |
French company offers to buy CIMA units16 March 2006, Published under Cement NewsVicat has reportedly offered to buy a controlling stake in five of Cement Industries of Malaysia Bhd’s (CIMA) eight subsidiaries. The offer was apparently made for Negri Sembilan Cement Industries Sdn Bhd, Pemasaran Simen Negara Sdn Bhd, Unipati Concrete Sdn Bhd, Cimaco Edar Sdn Bhd and Cimaco Quarry Sdn Bhd. Should the offer be taken up, CIMA will be left with investments in properties arm Wealth Resources Sdn Bhd, investment holdings company, Perlis Paper Products Sdn Bhd and Cimaco Ready... |
Andhra officials may meet cement firms over price issue16 March 2006, Published under Cement NewsWith the regional cement prices showing no signs of coming down in the immediate future, bulk consumers in the state, including irrigation contractors, builders and departments like housing, have pressed the panic button. Now the government is under pressure to step in to ensure price stability. While state government officials have already been asked to look into the complaints of non-availability of cement in several parts of the state and the alleged cartelisation by manufacturers, chief ... |