Cement News tagged under: international
Shree Cement expects good rise in sales07 December 2005, Published under Cement NewsShree Cement Ltd., whose main market is in north India, expects sales to rise 12-13 per cent in the current year to March, a top company official said on Tuesday, beating the industry average of 8 per cent growth. The company, which aims to more than double its manufacturing capacity to 10Mt by 2010, hopes to raise sales to 3.4Mt this year from 3.02Mt in the previous year, Executive Director MK Singhi said. "We see the demand remaining strong in our market and we will start shipping cement f... |
Takeover bid for Cementos Lemona06 December 2005, Published under Cement NewsA unit of Spain’s Fomento de Construcciones & Contratas SA has launched a takeover bid of Euro 248.3m a share, for mid-size cement producer Cementos Lemona SA. The unit, Cementos Portland Valderrivas SA, which already has a 30.7 per cent stake in Cementos Lemona, said it has reached a deal with the second-biggest stake holder in Lemona, Cimentos de Portugal SGPS, to buy its 19.3 per cent stake. As that will bring it past the 50 per cent mark, under Spanish law it is obliged to offer to buy 10... |
Taiwanese groups: profits rising06 December 2005, Published under Cement NewsDue to an expected 10 per cent rise in the price of export cement, Taiwan’s cement firms will likely see their average profit margins increase two per cent next year. An institutional investor predicted that large-cap Taiwan Cement and Asia Cement would see their average profit margins rise two per cent next year from this year’s level. Taiwan Cement said it would raise production capacity by five per cent to reach 10.75Mt next year, selling 5.5Mt on the domestic market and exporting 5.25M... |
Russia’s Eurocement to hold EGM06 December 2005, Published under Cement NewsRussian cement producer Eurocement plans to hold an extraordinary general meeting of shareholders, or EGM, on February 6, 2006 to elect new members to the company’s board of directors, a spokesman for the company said Monday. Eurocement’s board of directors approved convening the EGM on December 4 at the request of minority shareholder, direct investment fund Russia Partners, the spokesman said. Russia Partners, which holds 40 per cent in Eurocement, demanded on November 29 the company... |
Indian cement majors lose momentum06 December 2005, Published under Cement NewsStrong projections of sales fail to surface in the cement industry, as despatches continue to show single-digit growth. Apparently, it’s worse for the big four cement manufacturing companies in India. Cement majors such as ACC, Gujarat Ambuja, Grasim and Ultratech showed a single-digit growth in November even as the smaller regional players managed to buck the trend lately by posting double-digit growth. The smaller regional players — Shree Cement, Birla Corp and Dalmia Cement — are expected... |
New Cement Plant in Eastern Sudan06 December 2005, Published under Cement NewsA number of Gulf businessmen will build a US$180m cement plant in Eastern Sudan, local media reported on December 5, 2005. The plant will have an annual production capacity of 1.5Mt of cement and is expected to start operations in the middle of 2007. The cement plant project is aimed to meet the growing demand on the local market, which is a result of the recent construction boom in the country. All preparations for the plant’s public subscription have already been finalised and the move wi... |
Gulf Cement Doha – clinker production05 December 2005, Published under Cement NewsA public shareholding company to be called Gulf Cement Company with a paid up capital of QR800m is being established, said Abdullah bin Nasser Al Misnad, Chairman of the company’s founding committee. Abdullah bin Nasser said that in order to maximise returns for a large part of the Qatari society and to benefit small investors, 80 per cent of the company’s shares will be allocated for public subscription. Abdullah bin Nasser said: “There has been robust development of projects related to th... |
Bermuda: concern over cement supplies05 December 2005, Published under Cement NewsThe West End Development Corporation (Wedco) has failed to secure a deal with cement giant Cemex to take over the Bermuda Cement Company plant next month, informed industry sources told the Mid-Ocean News yesterday. Wedco announced in September that Wedco and Cemex had negotiated an agreement to jointly run the Dockyard cement operation for a period of up to two years while bids are taken for a new long-term operator. The Bermuda Cement Company, a tenant on the site for four decades, was due ... |
Trinidad also grappling with shortage05 December 2005, Published under Cement NewsReports have surfaced that Trinidad Cement Limited the parent company of Jamaica’s Caribbean Cement Company is also grappling with a shortage of supplies. A report in the Trinidad and Tobago’s Express newspaper says producers in the twin-island’s premixed concrete sector are calling on the Government to immediately remove all tariffs on imported cement as the current shortage of supplies facing Trinidad Cement is have a crippling effect on the construction industry. The shortage of supplies h... |
Indonesia’s Gresik profit rise05 December 2005, Published under Cement NewsState cement firm PT Semen Gresik expects its full-year net profit this year to rise by about 50 per cent from R520.59bn in 2004 on better cost efficiency and cement prices, company president Dwi Sutjipto said. "Our efficiency has improved," Sutjipto told reporters. He said Semen Gresik and its two units, PT Semen Padang and PT Semen, have improved their cement distribution network to avoid overlapping markets. Higher cement prices also raised Semen Gresik’s bottom line, he added. In the ... |