Cement News tagged under: international
Regulators approve Cementos del Caribe merger28 November 2005, Published under Cement NewsColombia’s securities regulator Supervalores and companies regulator Supersociedades have issued authorizations for the merger of cement firm Cementos del Caribe with seven other Argos cement companies, read a statement from Supervalores. The authorizations for the merger were granted after the trade and industry regulator issued a statement on September 2 saying it had no objections to the merger. The boards of the companies themselves gave the go ahead to the merger on June 22 th... |
Kuwaiti Hilal cement nine month net profit down28 November 2005, Published under Cement NewsKuwaiti cement and building materials trader Hilal Cement Company posted a net profit of KWD1.1m (US$3.8m) in the first nine months of 2005, down from KWD1.4m (US$4.8m) in the same period of 2004. Earnings per share (EPS) decreased to 34.5 fils (US$0.118) in the first nine months of 2005 from 43.6 fils (US$0.149) in the year-ago period. The company registered a surge in net profit to KWD418,200 (US$1.4m) for the third quarter of 2005, against a net loss of KWD77,100 (US$261,000) in the same p... |
Lafarge to build plant in Bordeaux28 November 2005, Published under Cement NewsLafarge Ciments, the cement division of the eponymous French building materials group, is to invest more than 20m euros in its new slag-crushing plant in the industrial zone of the port of Bordeaux. The facility, which is due to begin operating in early 2007, will be managed by the dedicated company Societe Aquitaine de Transformation (SAT). It will employ a dozen people directly and several dozens indirectly. |
Saudi-Tunisian plan to be established, Tunisia28 November 2005, Published under Cement NewsA $135m cement plant with joint Saudi and Tunisian investments will be established in Tunisia, unnamed Saudi investors said. The cement plant will be located in al-Akareet region in southern Tunisia. The plant will have an annual output of 1.5Mt. A land plot of some 40 ha has already been allocated and construction works are due to start soon. No further details were available. |
JLP calls for reduction of cement duty28 November 2005, Published under Cement NewsJamaica Labour Party (JLP) spokesperson on industry, commerce and investment, Senator Shirley Williams, has urged the government to immediately restore normality to the construction industry by permitting the importation of cement by the at the previous duty rate of 15 per cent. "The undertaking by the Caribbean Cement Company to import cement commencing the first week of December, is too little too late. While distributors continue to receive 50 per cent or less of their normal supplies,... |
Construction of Son Duong cement plant begins28 November 2005, Published under Cement NewsWork started on November 25 for the construction of the Son Duong cement plant with a capacity of 400,000 tonnes a year in the mountainous northern province of Tuyen Quang. The plant is being financed by the Vietnam-France joint-stock cement company with a total investment capital of VND 393.6bn. Of the investment capital, the Vietnam Commercial Bank, the Asia Commercial Bank and the International Commercial Bank funded US $10.3m (VND 165bn), and the Vietnam Development Support Fund contr... |
Private entrepreneurs to construct 20 new cement plants, Iraq28 November 2005, Published under Cement NewsThe government has issued licenses for the construction by private entrepreneurs of 20 new cement plants, according to the minister of industry and minerals. The minister, Osama al-Najafi, said the plants, which will cost $4bn will be built across the country. “This is an unprecedented step. The factories will be fully in Iraqi hands and built by Iraqi investors,” Najafi said. He said the construction of these plants, to be completed in two years, will add 25 million tons to Iraq’s annual ... |
Saudi-Algerian Cement Company28 November 2005, Published under Cement NewsPresident of the Arab Cement Federation, Prince Sultan ibn Muhammad, said that a Saudi-Algerian cement company would be established at a total cost of SR200m, Al-Watan newspaper reported. The cement factory will be established in Algeria and will be operative within two years. It is expected that the factory will create more than 500 jobs. |
Cement and chocolate28 November 2005, Published under Cement NewsHouse of Representatives’ Commission VI urged the government to include cement industry and chocolate manufacturing sector in the Investment Negative List (DNI). Nusron Wahid, Azam Azman Natawijana and Didik J. Rachbini of Commission VI said the cement industry and the chocolate manufacturing sector were strongly related to the nation’s interest and should be protected from foreign investors. Rachbini said that the national cement industry is now dominated by cart... |
YTL Malaysia improves25 November 2005, Published under Cement NewsYTL Corp Bhd has reported a significant jump in both revenue and net profit to RM1.36bn and RM183.7m respectively for the first quarter ended Sept 30 on improved operating results from its cement manufacturing and utilities business. In an announcement to Bursa Malaysia yesterday, YTL said the group recorded a 15.2 per cent increase in revenue from RM1.18bn and a 13.9 per cent rise in net profit from RM161.3m in the previous year’s first quarter. Its pre-tax profit also rose to RM378.m from... |