Cement News tagged under: international
Indian building boom spurs cement capacity drive01 January 2006, Published under Cement NewsIndian cement makers are pouring money into new capacity as builders race to meet orders for new homes and roads for an economy growing by eight per cent a year – reports Reuters. Nearly 2Mt of cement capacity will be added in the next three years, on top of an existing annual 152Mt, to meet anticipated annual demand growth of 10 per cent. Analysts said delays in adding new capacity might actually help India’s larger cement companies, which have already increased earnings by an a... |
Cementos Argos merger sealed at last01 January 2006, Published under Cement NewsThe merger of seven Grupo Empresarial Antioqueño (GEA) cement firms into Cementos Argos, formerly called Cementos del Caribe, has finally taken place in Barranquilla on Colombia’s northern coast, local press reported. Cementos Caribe has absorbed Cementos El Cairo, Cementos del Nare, Cementos del Valle, Cementos Rioclaro, Tolcemento, Colclinker and Cementos Paz del Río and the company’s headquarters will now be in Barranquilla. This is the beginning of a process of con... |
Venezuelan President Establishes State Owned Basic Industries Co01 January 2006, Published under Cement NewsThe President of Venezuela, Hugo Chavez, established a National Company of Basic Industries with a decree issued on December 28, 2005. The Ministry of Basic Industries and Mining (Mibam) will be the principal of the newly created company. The company was established in a move to boost local development of natural resources of Venezuela. The social capital of the company stands at 18 bln Venezuelan bolivars ($8.38m). Hugo Chavez has also issued decrees for the establishment of ni... |
CRH buys stake in Spanish cement maker01 January 2006, Published under Cement NewsIn a report first mooted on CemNet back in January 2005, CRH, the Irish building materials company, has now just bought a 26.3 per cent stake in Spanish cement producer Corporacion Uniland for around Euro 300m. It said its own existing Spanish operation had a long business relationship with Uniland. The investment in Corporacion Uniland further consolidates CRH’s position in Spain, where it has operated since 1987 under its wholly owned subsidiary Beton Catalan, a readymix ... |
Anhui Conch Cement confirms MS-IFC investments30 December 2005, Published under Cement NewsMS Asia Investment, an entity controlled by Morgan Stanley Private Equity Asia (MSPEA), Thursday announced here the signing of a definitive agreement to acquire shares in Anhui Conch Cement Company Limited (Conch), Chinese mainland’s largest cement company. According to MS Asia Investment, an investor consortium led by MSPEA will acquire a 14.3 per cent stake in Conch from its parent company Anhui Conch Group. The investment is subject to approval by various g... |
Indonesia’s Nov cement consumption up30 December 2005, Published under Cement NewsIndonesia ’s cement consumption, a good indicator of economic activity, rose 3.2 per cent in November from a year earlier, the country’s largest cement maker said on Thursday. Cement consumption has been rising in Southeast Asia ’s largest economy this year because of growing investment in infrastructure projects. For example, state-controlled PT Semen Gresik Tbk said Indonesia used 2.06Mt of the building material last month, up from two million tonn... |
Malaysia: tougher conditions in 200630 December 2005, Published under Cement NewsCement and steel producers, whose businesses have been affected this year due to a weak construction sector, may face an even tougher time in 2006, the New Straits Times quoted Construction Industry Development Board (CIDB) chief executive Hamzah Hasan as saying. He said producers may find their profits shrinking amid a fixed-price environment and rising transport and production costs following higher energy prices. |
Birla group to consolidate cement units?30 December 2005, Published under Cement NewsClose on the heels of the Aditya Birla Nuvo consolidation which gave Kumar Mangalam Birla an upfront 10 per cent increase in promoter’s holding in the company, the chairman of the Aditya Birla group is working on yet another mega consolidation (reports The Times of India). This time, Kumar Mangalam is planning to bring all his cement companies under one umbrella and a unified brand. It is learnt that the group would first merge the smaller Shree Digvijay Cement Company ... |
Lebanese cement sales30 December 2005, Published under Cement NewsAccording to Assafir newspaper (December 27, 2005), official statistics show that the total delivered cement sold in the Lebanon rose to 2,290,00t in the first nine months of 2005, up from 2,087,000t in the same period last year, a 9.8 per cent rise. |
Mika Cement modernisation30 December 2005, Published under Cement NewsArmenian cement producer, Mika Ltd has invested US$6.5m in Mika Cement LTD since its privatization in April 2001. Director General of Mika Cement CJSC Naira Mkrtchyan told ARMINFO. She said investments aimed technical modernization, repair and brick-lining of the first kiln with a capacity of 450,000t of cement annually. In 2006 the second kiln with the same capacity will be repaired. Hence, the designed capacity of the plant in 2006 will total 900,000t of cement. She sa... |