Cement News tagged under: international
Colombia to probe cement makers on alleged price fixing08 February 2006, Published under Cement NewsThe Colombian government Wednesday will start investigating three top cement suppliers suspected of collusion to fix prices. "The Colombian government saw an unusual and strange reduction of, and increase in prices, of cement. We will open a formal investigation tomorrow and this could end up in sanctions," Trade and Industry Minister Jorge Humberto Botero told reporters. Senator Hugo Serrano recently said in Congress that the three main cement makers in Colombia, local group Cementos Argo... |
Castro to send 500,000t of cement to Chávez08 February 2006, Published under Cement NewsVenezuela will soon receive 500,000t of cement from Cuba to help relieve local shortages of the construction material, Venezuelan press quoted President Hugo Chávez as saying. Chávez explained to listeners of his Sunday radio program that during his recent visit to Cuba, President Fidel Castro told him he was aware of the shortages of cement in Venezuela and offered help. "We are going to receive Cuban cement, which is very good and much cheaper than the monopolized cement here," Chávez wa... |
AP cement industry sees Rs 15 hike per bag08 February 2006, Published under Cement NewsThe cement industry anticipates a sharp rise in prices in Andhra Pradesh as the demand for the commodity is growing day by day. Speaking to the media here on Tuesday, Rajiv Kumar, senior marketing manager, Associate Cement Companies (ACC), said that price per bag is "Demand emanating from the irrigation projects is yet to pick up and the same is expected in the next one month. Hopefully, by then the prices will move up," Mr Kumar said. Saying that the cement prices have not increased for ... |
Saudi extends cement exemption08 February 2006, Published under Cement NewsSaudi Arabia will run the exemption on the five per cent customs tariff on cement imports from outside the GCC for another year, according to Gulf News. Saudi cut customs tariffs on cement imports from 20 to 5 per cent in 2005. Prices and supply have come under pressure from increased demand as a result of more building projects. |
Cementos Lemona rules out job cuts08 February 2006, Published under Cement NewsThe sale of Spanish cement firm Cementos Lemona to rival group Portland Valderrivas will not effect production activities or job numbers, Cementos Lemona management told the company’s works commission yesterday. Portland Valderrivas is part of FCC, the Spanish construction and services group. |
Eurocement fails to elect new board or did it?07 February 2006, Published under Cement NewsThe extraordinary general meeting (EGM) of shareholders of Russian cement producer Eurocement failed to elect a new board of directors Monday, Eurocement said. However, an official with A1, an investment subsidiary of Russia’s Alfa Group and strategic partner of Eurocement, told Prime-Tass that the EGM did elect a new board. Eurocement said that the EGM failed to terminate the powers of the current board and thus could not elect a new board. According to A1, two representatives of inves... |
Taiwan Cement has more plans for mainland China07 February 2006, Published under Cement NewsTaiwan Cement is stepping up its investments across the Taiwan Straits, aiming to become the third-largest cement maker in mainland China by 2008. Up until now, the company’s mainland investments have been concentrated in the provinces of Guangdong and Guangxi. On Jan. 3, the first phase of construction for the company’s cement plant in Ingde, Guangdong Province was formally inaugurated, and the second phase of construction work will begin in March this year. First-phase construction work fo... |
New cement plant for Indonesia07 February 2006, Published under Cement NewsThe chief of Investment Coordinating Board (BKPM) M Lutfie said the government has issued a permit for setting up a new cement plant, PT Semen Jawa, with the value of investment of about US$95m. According to Lutfie, the new cement plant, which is expected to operate in 36 months, would be located near Semarang in Central Java. However, Lutfie said that because the new investment for the cement plant would need at least three years, necessary preparation should be made. Earlier Orascom In... |
Lafarge Slovenia sales in 200507 February 2006, Published under Cement NewsTrbovlje-based cement producer Lafarge Cement saw its sales rise 12 per cent in 2005, the company’s CEO Franci Blaznek said on Friday, 3 February. The 542,000t of cement and 9000t of clinker sold last year would be enough to build 25,000 residential objects, Blaznek told the press. Together with their subsidiaries Apnenec and Lafarge Transport, the company generated revenues to the amount of SIT 9.5bn (Euro 39.65m). Within the Lafarge group, the Slovenian subsidiary is steadily climbing tow... |
What drives Holcim’s strategy?06 February 2006, Published under Cement News"I think everybody is very positive about India. There’s substantial further growth expected in the coming years," said Mr Markus Akermann, chief executive officer of Holcim, in a conference call on January 30, after the announcement of the deal to buy a controlling stake in Gujarat Ambuja Cement. Last year, he had detailed Holcim’s strategy to enter the Indian market when it announced its strategic alliance with Gujarat Ambuja Cements and a decision to buy a 50 per cent stake in ACC. Here a... |