Cement News tagged under: international
Cement bid refused to encourage competition08 March 2006, Published under Cement NewsKeeping cement prices low was the main reason behind the Commerce Commission banning Fletcher Building’s bid for W. Stevenson & Sons last year. The commission believed by not allowing the bid would allow the target company be sold to another party. That new owner would then be able to use the threat of importing cement to secure a favourable price from either Fletcher or a rival supplier. Commission chairwoman Paula Rebstock released details of the decision to the Mergers and Acquisitio... |
Eurocement to build $100m plant in Krasnoyarsk Region08 March 2006, Published under Cement NewsRussian cement producer Eurocement plans to build a US $100m cement plant in the Krasnoyarsk Region, Anatoly Tikhonov, deputy governor of the region, said Tuesday. The annual production capacity of the plant is projected at 500,000t, Tikhonov said. Eurocement is currently choosing the construction site for the plant and plans to make a final decision on the site in 2007, Tikhonov said. |
Holcim to take majority stake in Huaxin Cement07 March 2006, Published under Cement NewsTo be able to participate further in the future dynamic growth of the Chinese cement market, Huaxin Cement Co. Ltd (HCC) - a leading Chinese cement producer - has decided to increase its share capital through a private placement. Holcim will take up the newly created shares. As a consequence, Holcim’s participation in HCC increases from 26.1 per cent to 50.3 per cent. Holcim will pay about USD 125 million for this share package and will take on a net financial debt of US$300m. It will be ev... |
HeidelbergCement to increase China stake?07 March 2006, Published under Cement NewsChina’s Tangshan Jidong Cement Co said Tuesday its parent is in negotiations to transfer a stake in the company to HeidelbergCement AG. HeidelbergCement and Jidong Cement entered into a 50-50 joint venture to produce cement in September, the German company said at the time. Jidong Cement’s controlling shareholder is Hebei Provincial Jidong Cement Group Co, which has a 62.93 per cent stake, according to the listed company’s first-half 2005 earnings report. Jidong Cement’s shares have been s... |
Lafarge re-assesses priorities in China07 March 2006, Published under Cement NewsFor Lafarge, integration has become a top priority in China, says Asia Pulse. Last year it saw a rapid expansion through mergers and acquisitions. In November, Lafarge and Shui On Construction and Materials Ltd, a top cement factory in southwest China, formed a joint venture. Lafarge has a 55 per cent stake, while its partner has the rest. Lafarge has taken on the management, while Vincent Lo, chairman of the Shui On Group, acts as chairman of the joint venture. Later on, Lafarge Shui On bo... |
Cemex To Spend US$210m on Yaqui plant expansion07 March 2006, Published under Cement NewsCemex has announced its plans to invest US$210m in expansion of Yaqui plant, in northwestern Sonora state. The expansion will increase the annual output of the plant to 3.15Mt from 1.35Mt at present. The project, which envisages the construction of a new kiln, is scheduled for completion in 2007 and will allow the company to meet growing domestic demand. Cemex has 15 cement plants in Mexico with annual production of about 27Mt. The company, which operates in more than 50 countries, plans to... |
Gresik shares: no buy-back likely06 March 2006, Published under Cement NewsThe Indonesian government is unlikely to buy back shares of state-owned cement company PT Semen Gresik (SG) from Mexican cement giant Cemex SA due to its limited budget, according to Vice President Jusuf Kalla in a Jakarta Post report. He also said that the government’s program was to privatize state-owned firms to boost efficiency and obtain cash proceeds to help finance the state budget. "We are not going to buy back the shares since it would need funding allocation in the state budget,... |
CIMA in talks with Vicat06 March 2006, Published under Cement NewsCement Industries of Malaysia Berhad (CIMA) said it is currently in talks with various parties as part of its normal business strategies, with French cement manufacturer VICAT Group among the parties mentioned, but no decision has yet been made. The company made the statement in response to a query from the stock exchange after a newspaper reported that CIMA was considering selling 51 per cent of its cement assets to Vicat for at least US$160m. "We wish to inform the Exchange that CI... |
South African cement makers may resort to imports06 March 2006, Published under Cement NewsDemand for cement is reportedly coming dangerously close to capacityin South Africa, with some cement makers already contemplating imports. It is estimated that total production capacity in SA and its customs union partners is almost 13.5Mt. A record 12.9Mt of cement were sold in the region last year. This number is expected to grow 8-10 per cent this year. Demand is likely to continue growing as large projects come on line. The four large cement suppliers in SA are investing more than R4bn ... |
Cement producers scale back January 2006 production06 March 2006, Published under Cement NewsIn January 2006, Russian cement producers turned out 2.7 per cent less cement than in January 2005. Russian enterprises produced 2.1Mt of cement. Over the period, the residential construction volume dropped by 14.4 per cent. Analysts blame not only the traditional seasonal reduction in demand, but also extremely low winter temperatures all across Russia that made most construction companies stop their operations. Reduced gas supplies used by cement plants as fuel was also cited at the bottom... |