Cement News tagged under: international
Vassiliko Cement to invest in new silo02 February 2006, Published under Cement NewsCypriot cement maker Vassiliko Cement Works will invest 6.0 mln Cyprus pounds (Euro 10.5m) in the construction of a clinker silo with a 90,000t capacity, the company said on February 1, 2006. The clinker silo construction will start in 2006 and is to be completed in 2007. Via the project, the company expects to lower significantly dust emissions as well as to cut operating costs. Vassiliko Cement will also invest Euro 2.6m in the setting up of a 5.0 MW power production unit, seeking to redu... |
More commentary on the Holcim deals in India02 February 2006, Published under Cement NewsHolcim’s investments in India will be about $1.6bn if the open offer succeeds or a little over $1bn if it fails, which is quite significant for a manufacturing, commodity business like cement. India will account for about 40 per cent of Holcim’s Asia Pacific capacity after the acquisition. Holcim’s intentions from the beginning were quite clear; the Ambuja Cement Eastern and ACC stake acquisitions were just starters with the main target being GACL. The price paid for GACL is definitely stif... |
Dyckerhoff’s revenues rise 11 per cent02 February 2006, Published under Cement NewsGerman cement maker Dyckerhoff achieved an 11 per cent rise in revenues in 2005 to Euro 1.33bn, helped by eastern European and Russian sales, parent company Buzzi Unicem said on Wednesday. The preliminary results statement showed that eastern European markets and Russia performed most strongly with a 32 per cent rise in turnover to Euro 391m, while German and western European revenues fell two per cent to Euro 625m. Buzzi Unicem said recovering cement prices in Germany had not succeeded in ... |
New cement plant to be set up in UAE01 February 2006, Published under Cement NewsAl Ruya industry will set up a cement plant with an initial investment of Dh1.5 billion and a capacity of 3.6Mta at Hamriya Free Zone to capitalise on the huge demand of cement in the buoyant construction sector of the UAE. This project will be completed within two years and is considered one of the largest projects of its kind in the Middle East. The agreement was signed yesterday by Prince Talal bin Badr bin Saud bin Abdulaziz, Chairman of Al Ruya industry, based in Saudi Arabia, with S... |
Tender Cancellation hits Portland’s Sudan Contract01 February 2006, Published under Cement NewsThe Kenya government’s cancellation of a tender to install a new mill at the East African Portland Cement Company has jeopardised the company’s contract to supply over one million tonnes of cement to Southern Sudan. The Public Procurement Complaint Committee and Appeals Board recently annulled the Ksh1.6 billion ($22.2m) tender award to KMPP Polysius of South Africa citing serious irregularities in the tendering process. "This stoppage will definitely have some negative effects on our fin... |
Zhigulevskiye produces 888,000t of cement in 200501 February 2006, Published under Cement NewsZhigulevskiye Construction Materials JSC produced 888,000t of cement in 2005, a seven per cent rise versus 2004. The company also produced 765,000t of roadstone and 2700t of chalk. After the company affiliated to Eurocement in 2005 the plant is being upgraded. In 2005-2007 the company plans to invest RUR400mln in repair and replacement of obsolete machinery and equipment, new vehicles and development of power facilities, environment protection. In 2006 the plant plans to produce over 1Mt ... |
Mumbai prices to rise again01 February 2006, Published under Cement NewsIndian cement companies will hike cement prices by INR5 per 50kg bag in Mumbai, effective Feb. 6, said an industry official. The price hike follows a hike Monday by INR4-INR5 a bag on average. Ultratech Cement Ltd. (532538.BY), whose brand commands a premium, raised prices by as much as INR6-INR7 a bag. Current retail cement prices in Mumbai are around INR188 a bag, while prices in the bulk market are around INR168-INR170 a bag. |
Best Way to expand Pakistan operations01 February 2006, Published under Cement NewsThe Best Way Group of United Kingdom would expand its operations in Pakistan to meet the increased demand for cement, said its chairman Sir M Anwar Pervez. He expressed these views in a meeting with the Minister for Industries, Production and Special Initiatives Jehangir Khan Tareen. "Pakistan is on the fast track of economic development," the minister said that as the industrial and other sectors were expanding, huge investment was needed to keep the country on track to achieving maximum ... |
Holcim in focus at JP Morgan31 January 2006, Published under Cement NewsJP Morgan is increasing its DCF-based 18 month price target for Holcim from SF94 to SF106 per share. As its revised price target is 12 per cent above the current share price, the analysts are retaining an Overweight rating on the shares. “There are two main reason for the upgrade to our price target. The first is technical. In our DCF we had been assuming that for every SF1m of additional sales Holcim needed to invest SF1.7m. However, this resulted in fixed assets increasing as a percentag... |
Heavyweight Cemex team meets Pakistani officials31 January 2006, Published under Cement NewsPakistan has massive potential for investment in the cement sector as demand for cement will increase tremendously in the future. This was observed by a high-level delegation of Cemex at a meeting with the acting secretary of the Board of Investment (BOI), Talat Rasheed Miyan, on Monday. A statement said Mr Talat informed the delegation about the demand of cement which will be driven by the sheer size of its population, expansion in infrastructure, process of construction and re-constructio... |