Cement News tagged under: international
Mexico cement sales to US seen as tripling06 March 2006, Published under Cement NewsMexican cement exports to the US could more than triple from current levels once quotas are eliminated in three years, said Kenneth Smith Ramos, Mexico’s lead trade negotiator for North America. On Monday, Smith travels to Washington with Economy Secretary Sergio Garcia de Alba for the signing of the agreement to end 15-year-old antidumping duties that the US has levied against Mexican cement. "Essentially what we will do is establish free trade in cement, which of course creates a lot of ... |
Sebryakovtsement to invest RUR2bln in upgrade06 March 2006, Published under Cement NewsOn March 2, 2006 deputy general manager of Sebryakovtsement Aleksey Mikhin said that the plant started the active stage of investment program aimed at upgrading of production. For These purposes the plant plans to spend around RUR2bln worth of own funds. In 2006 the plant started production of sulphate-resistant portland cement 400 (PTS 400-D0), for reinforced concrete structures in agressive mediums, to fill foundations in waterlogged soils, Kommersant-Nizhneye Povolzhye said. |
Carib Cement insists it can meet demand06 March 2006, Published under Cement NewsCaribbean Cement Company Limited is defending its ability to meet local demand. Concern has been raised in recent weeks that the country’s sole cement manufacturer might be struggling to adequately supply products to the market. General Manager of Caribbean Cement, Anthony Haynes, admitted that since late last year the company has been faced with challenges meeting demand. However, he said the company has been importing supplies to alleviate local shortage. The Jamaica Labour Party and the ... |
Hanson is back in the game03 March 2006, Published under Cement NewsHanson has made a splash in the UK cement and aggregates sector with its purchase of Civil & Marine. The purchase made the company’s founder and chairman Mike Uren, some UK£245m richer. It was one of two acquisitions completed yesterday by Hanson, the world’s largest producer of aggregates, totalling UK£400m. Civil & Marine is the UK’s largest producer of ground granulated blast furnace slag. Patrick O’Shea, the head of Hanson’s UK aggregates business, said: "This is a rare opportunity to a... |
Cemex wants to sell Gresik stake03 March 2006, Published under Cement NewsCemex wants to sell its 25.5 per cent stake held by its Cemex Asia Holding Ltd unit Indonesian state cement firm PT Semen Gresik, Antara News Agency said. Cemex Asia Ltd sent a letter to the office of the state minister for state enterprises last week about its plan to sell the stake, the report said quoting Roes Aryawijaya, a deputy of the state minister. A shareholder is required by the contract to inform other shareholders about any plan to sell a stake, Roes said, pointing out the gov... |
TPI reports decline in profits03 March 2006, Published under Cement NewsTPI Polene Plc projects consolidated sales growth of between 15% and 20% this year from 21.4 billion baht in 2005, according to senior vice-president Prasert Ittimekin. Thailand’s third largest cement producer projects overall growth in cement consumption of 7.5% to 8% this year, assuming economic growth of 5%. Delays in the government’s infrastructure megaproject programme would have only a minimal impact on cement sales, Mr Prasert told investors at a briefing at the Stock Exchange of Th... |
CIM shares rise to two-year high03 March 2006, Published under Cement NewsShares of Cement Industries of Malaysia Bhd (CIM) rose to their highest in two years on news that it is selling some assets to a French firm. The cement maker gained 16.1 per cent, to close at RM2.38 yesterday. CIM was reported to be considering selling 51 per cent of its cement assets to the Vicat group from France for at least US$160m. |
Taiwan Cement to sell Conch subsidiary stake03 March 2006, Published under Cement NewsTaiwan Cement Corp said its unit TCC International (Jiang-su) Ltd is expected to realize gains of about US$3.57m from planned sale of shares in China-based Xuzhou Conch Cement Co Ltd for US$21.80m. The unit’s board has decided to sell off its Xuzhou Conch Cement shares to Anhui Conch Venture Investment Co Ltd, according to a company statement. No reasons were given but there seems to be some differences in operating strategies between the two groups with Conch seemingly keen to take a more i... |
Cement majors post increase in sales03 March 2006, Published under Cement NewsIndia’s cement majors have reported a substantial year-on-year increase in volume sales for the month of February. The Associated Cement Companies reported a 11.8 per cent increase in sales at 1.534Mt in February this year as against 1.372Mt in February last year. Gujarat Ambuja Cements Ltd reported a 16 per cent increase in despatches, which figured at 1.072Mt. The Aditya Birla group’s (largely Grasim and UltraTech) cement despatches for the month grew by 16.06 per cent, to 2.535Mt. Product... |
Algerian cement consumptionin 200503 March 2006, Published under Cement NewsAccording to El-Khabar newspaper, Ayman ANIS, General Director Algerian Cement Company (ACC), a wholly owned subsidiary of Egypt’s Orascom Construction Industries (OCI), announced that the cement consumption in Algeria totaled 13Mt in 2005. Mr. Anis added that ACC satisfied 18 per cent of this cement consumption levels. The director estimates the domestic cement consumption to reach 15Mt by the end of 2006. |