Cement News tagged under: international
Iraqis Deal with cement shortages12 January 2006, Published under Cement NewsIraq is benefiting from a construction boom - in no small part due to the infusion of more than US$20bn in reconstruction money. The reconstruction has fuelled a demand for many building materials and at the top of the list is cement. In addition to electricity shortages and the lack of clean water, the country is now experiencing a shortage of cement. With building projects mushrooming all over Iraq for the first time in 30 years, local observers say prices have skyrocketed. Apparently the ... |
Analysts expect strong growth for cement sector this fiscal11 January 2006, Published under Cement NewsAnalyst expect the cement sector go through strong growth during the current fiscal year with higher demand and profit margins, however they estimated it to be unsustainable due to continuous increase in production capacity by all the major companies. Post- October 8, 2005, the hype about the incremental demand from reconstruction activities and exceptionally higher results announced by cement companies for the first quarter of fiscal 2005-06 has brought investors’ teeming back to the cem... |
Chilean Melon to build US$20m plant in Central Chile11 January 2006, Published under Cement NewsChile’s leading cement producer Empresas Melon, controlled by the French based construction materials group Lafarge, plans to build a new cement grinding plant in Chile’s Region V, in the central part of the country, which will cost US$20m, the company said. The company has submitted an environmental impact study (EIS) for its new project. Melon is also currently building a cement grinding plant in the southern Chilean port Puerto Montt, which will also cost US$20m. The plants are ... |
Cement industry expects to grow at least 2.5% in 200611 January 2006, Published under Cement NewsMexico’s national cement chamber (Canacem) believes that the industry will grow by around 2.5% this year, but factors such as the presidential elections could lift growth even further, according to local news reports. The expansion in the housing construction sector and investments in public works in the run-up to July’s elections will have a positive effect on domestic cement sales, said Canacem chairman Osmín Rendón. "The federal government and state and municipal authorities are g... |
Mexico nears cement deal with US11 January 2006, Published under Cement NewsMexico is close to a deal with Washington to end a 15-year cement fight over US duties after cement shortages in the United States forced the neighbours to end the dispute. A Mexican government source said Tuesday the deal would triple Mexican cement exports to the United States, opening the door for more business for the world’s No. 3 player Cemex. The source said negotiations were 90 percent complete and should be finished within a week. "I think we’ve sorted out the most difficult p... |
GCC not planning to pull out of Bolivia11 January 2006, Published under Cement NewsDespite radical left-winger Evo Morales’ comfortable victory in Bolivia’s recent presidential elections, Mexican cement maker Grupo Cementos Chihuahua (GCC) is optimistic about its investments in the country, said CEO Manuel Milán Reyes in a conference call. In September last year, GCC announced that it had acquired a 46.6% stake in Sociedad Boliviana de Cemento (Soboce), the biggest cement producer in Bolivia, for US$58.2m in cash. "We have carried out a very exhaustive analysis...... |
Steppe Cement to get tax breaks, Kazakhstan11 January 2006, Published under Cement NewsKarcement JSC, a subsidiary of AIM-listed Steppe Cement Ltd, has been given a five year tax exemption by Kazakhstan when it begins work on refurbishing dry kiln lines in 2006 and 2007. The tax incentives will allow work to go ahead at a faster rate, with Karcement able to produce an additional 2.4Mt of cement a year. The tax exemptions have been finalised and will expire on 31 December 2012. Karcement are looking to further decrease costs with exemption from VAT on imported materia... |
Lafarge to invest more in Ecuador10 January 2006, Published under Cement NewsLafarge plans to invest US$12 million in its Ecuadorean unit Cementos Selva Alegre over the next three years, the chief financial officer of the Andean unit said Monday. The investment of around four million dollars per year will maintain the infrastructure, Alejandro Torres, said in a press conference. Additionally the company has tentative plans to raise the plant’s production capacity to 1.0Mta from the current 667,000tpa, starting 2008. In a second stage, between 2010 and 2012, the p... |
Indonesia’s Semen Baturaja to launch IPO10 January 2006, Published under Cement NewsState-owned cement producer PT Semen Baturaja said it will launch an initial public offering (IPO) this year and sell 40 per cent of its shares to the public. The company, which is located in Palembang, South Sumatra, has recorded net profit in three successive years, one of the conditions for a company to be allowed to go public. Company President Bakti Setiawan said management hopes to raise Rp500bn (US$50m) in funds from the share sales. The company posted Rp167bn in 2003, Rp4.2bn in 2... |
Pakistani cement units penalised10 January 2006, Published under Cement NewsThe Monopoly Control Authority has imposed penalty of Rs 100,000, and Rs 10,000 per day, from the middle of November 2005, against 18 cement factories for non-compliance of its orders to reduce the ex-factory cement prices, by Rs 12 to Rs 60 per bag. The MCA Chairman, Bilal Ahmad, told Business Recorder that after hearing the representatives of the cement factories and examining the cement prices for several months under the law, the Authority had passed orders on October 27 to 29, and Novem... |