Cement News tagged under: international
Polpaico implements alternative fuels31 January 2006, Published under Cement NewsChilean cement producer Cemento Polpaico is implementing an alternative-fuel system that currently covers five per cent of production and will rise to 30-40 per cent in the next five years, as an alternative fuel to fight the increasing costs of traditional fuels, a Polpaico spokesperson told Bnamericas. Although current alternative fuels cover only five per cent of Polpaico’s production, the rate is projected to increase to 30-40 per cent in the next five years, and the company’s energy co... |
Indian cement firms hike prices in Mumbai31 January 2006, Published under Cement NewsTop cement producers have raised retail prices by an average 2 rupees per bag in Mumbai, the country’s largest cement market, from Monday because of strong demand from the housing sector, a dealer said on Tuesday. Retail cement prices have gone up to 185-188 rupees per 50-kg bag, he said. "Demand is very strong and companies have stopped giving out discounts," the dealer told Reuters. He said the prices for bulk buyers have climbed 5-10 rupees this month to 168-170 rupees per 50-kg bag (appr... |
Siam Cement in Cambodia31 January 2006, Published under Cement NewsSiam Cement’s joint venture with Khaou Chuly MKK Co Ltd., a Cambodian construction and engineering company, will commence production at Cambodia’s largest cement plant in 2008 following the official launch of construction last week. The US$82m factory is expected to produce about 1Mt of cement annually. "I expect demand for cement in Cambodia to grow around 10% a year," due to government projects, a Siam Cement spokesman said. Cambodia currently consumes about 1.5Mt of imported cement per ye... |
Ashaka Cement Firm assures local communities31 January 2006, Published under Cement NewsThe management of Ashaka Cement, Nigeria has promised its host communities a range of benefits in 2006, as hundreds of youths protested over unemployment problem, non provision of scholarship and social amenities. The Managing Director of the company Alhaji. Mohammed Daggash while reacting to last Friday’s protest which led to the closure of the company for about seven hours and loss of a significant truck loading time, said the company had been doing its best to make the host communities co... |
Holcim buys into Gujarat Ambuja30 January 2006, Published under Cement NewsAs forecast by CemNet some weeks ago, Holcim Ltd has now said it has just acquired a 14.8 per cent stake in India’s third largest cement maker Gujarat Ambuja Cements Ltd for US477m and plans a public offer for up to a further 20 per cent in order to get board and management control. The Swiss cement maker said it bought the stake from the Indian firm’s founding families and signed an agreement with them on transfer of control. According to India’s takeover code, Holcim is required to mak... |
Steppe Cement share placement30 January 2006, Published under Cement NewsSteppe Cement Ltd, which operates the Central Asia Cement works in Kazakhstan is pleased to announce it has placed 14 million new shares at an issue price of US$1.50 each, raising a total of US$21m. The proceeds will be used to fund the equity component of the cost of expanding the Company’s cement production capacity, which was announced during December 2005. The placing was made primarily to institutional investors through the Company’s broker, Westhouse Securities LLP ("Westhouse"). Th... |
Utah builders see some supply improvements30 January 2006, Published under Cement NewsUtah state construction experts say while the supply of cement and other building materials remains tight, the situation has recently improved. m"The overall word I’m hearing is that we’re through the worst of it," said Dave Hogan, vice president of construction for Ogden-based Wadman Corp. "But we’ll have to see what happens in the spring and summer, when things get hot and heavy." Wadman had several projects throughout the west that were delayed last year because of the cement shortage,... |
TCL got no guarantee of returns on CCCL invest30 January 2006, Published under Cement NewsThe minister of Information, Senator Burchell Whiteman, has denied that the Jamaican government gave a guarantee to Trinidad Cement Limited (CTL) for specified rate of return on their investment in Caribbean Cement Company Limited (CCCL), located at Rockfort, Kingston. Whiteman was responding to questions posed in the Senate Friday by Shirley Williams, Opposition spokesperson on industry, commerce and investments. Question 1: On the divestment of the shares in the Caribbean Cement Comp... |
Tokyo Cement sells more in 200530 January 2006, Published under Cement NewsS R Gnanam, Joint Managing Director, Tokyo Cement Group at the celebrations to mark the ’Tokyo Cement’ crossing the One Million ton cement selling target, which was never before achieved by any other company in Sri Lanka, at a ceremony a ceremony at the Colombo Hilton Hotel said that the Company was recreated through the ashes of destruction as on 20th May 1986. He added that the company was shut down and kept closed for two years due to extensive damages caused to the factory at Trincomalee... |
CEMEX results boosted by RMC27 January 2006, Published under Cement NewsCemex consolidated net sales for the fourth quarter of 2005 grew 98 per cent to US$3.96bn compared to the same quarter of 2004, mainly as a result of the acquisition of RMC. Majority net income for the year ended December 31, 2005 increased 62 per cent compared to 2004. Cemex’s consolidated cement volume increased 27 per cent to 20.7Mt during the fourth quarter of 2005 versus 16.3Mt in the fourth quarter of 2004. Consolidated ready-mix volume grew 210 per cent to 18.6 million cubic meters... |