Cement News tagged under: international
Russian court upholds antitrust body’s ruling to fine Eurocement23 November 2005, Published under Cement NewsMoscow Arbitration Court has upheld the ruling of Russia’s Federal Antimonopoly Service, or FAS, to fine Russian cement producer Eurocement Group 50,000 rubles, FAS said in a statement Tuesday. The regulator earlier obliged Eurocement to pay the fine for failure to provide information on its expenses and prices. Eurocement challenged the ruling with the court. In addition, last month FAS obliged Eurocement to pay a fine of 1.915 billion rubles for antitrust violations, FAS said earlier... |
CAF approves US$400mn loan to Votorantim23 November 2005, Published under Cement NewsThe Andean Development Corporation (CAF) has approved a long-term corporate loan of US$400mn to Brazilian industrial group Votorantim, the multilateral financing organization said in a press release. The Venezuela-based CAF said that the credit given to the group’s holding company Votorantim Participações would be split into two parts. The first is an US$80mn, 10-year credit line with 2.5 years grace, and the second is a US$320mn syndicated loan at seven years with 2.5 years grace. This i... |
Saudi Yamama cement launches new cement mill23 November 2005, Published under Cement NewsSaudi cement producer Yamama Cement Company (YCC) said on November 19, 2005 it had put into operation an additional cement mill. The new cement mill has a daily capacity of 6,000t. YCC’s daily capacity currently stands at 20,000t of cement. YCC one of the eight listed cement companies operating in Saudi Arabia, was established in 1961 and is headquartered in the capital Riyadh. The company has a paid-up and authorised capital of SAR450m (US$120m). YCC posted a net profit of SAR206.9m ... |
Saudi El-Maimani Group plans US$200m cement plant in Egyptian Safaga23 November 2005, Published under Cement NewsSaudi Arabia’s diversified El-Maimani Group plans to build a cement plant in Egypt’s Red Sea port of Safaga for an estimated $200m. The bulk of the plant’s output will be exported to Saudi Arabia to cater for the needs of the group’s construction projects. The feasibility study on the project is being carried out by an unnamed Egyptian investment company. El-Maimani Group’s decision to build a cement plant in Egypt is said to have been prompted by the lower production costs there, compared t... |
Italcementi to make investments in Turkey23 November 2005, Published under Cement NewsCarlo Pesenti, the CEO of Italcementi Group which is the world’s fifth biggest cement producer, said on Tuesday that their group intends to make new investments in Turkey. Pesenti will arrive in Turkey Wednesday to meet Turkish businessmen. In a written statement Pesenti indicated that the Italcementi Group entered Turkish market in 1989 and realized a giant investment. ’’We are interested in new projects,’’ he indicated. The Italcementi Group, which is a leader in the Mediterranea... |
Cement prices may rise Rs 1022 November 2005, Published under Cement NewsIndia’s top cement makers are likely to raise prices in the west, north and south, mainly on strong demand. Mumbai-based ACC has already increased prices between Rs 2 and Rs 5 per bag to cash in on strong seasonal demand. Other cement firms are likely to follow suit soon. Industry experts expect an increase of around Rs 5-10 per bag in the October-December quarter, when cement prices move up on increased construction activity. "Cement prices have already gone up by Rs 2-5 in western India (... |
Apave Vietnam to construct cement plant22 November 2005, Published under Cement NewsAn industry ministry-owned company has retained Apave Vietnam to manage construction of a cement plant in the country’s northern mountainous region. Following a contract signed between Apave and the ministry’s Vietnam Industrial Construction Corp (Vinaincon) in Hanoi last Friday, the former will begin construction next month of the VND2.77 trillion (US$175m) Thai Nguyen Cement Plant in Dong Hy Town of Thai Nguyen Province. It is expected to be completed in 28 months after which, according... |
Kyrgyz plans new plant22 November 2005, Published under Cement NewsPresident of the Kyrgyz Republic, Kurmanbek Bakiev, has made the first quarter of 2006 as the date to begin construction work on the building the cement factory in Kysylkia district. The country’s present production of cement originates from the Kant works in the Kantskiy district which operates with five wet lines and a total milling capaity of 1.2Mta. This plant has majority government ownership but the incoming president has signalled that this plant may be offered for sale to the private ... |
Algerian domestic cement capacity22 November 2005, Published under Cement NewsPresident of the Board of Directors of the Participations Management Company (SGP) Abdelhamid Thamri has assured that the domestic cement capacity is sufficient to meet demand. Thamri, while speaking to journalists, said that the company is doing its best to avoid delivery delays and manage costs and price of cement. Thamri made these comments on the sidelines of the 5th Arab conference on the Protection of Environment in Cement Industry, in Algiers. |
Brazil’s mixed signals22 November 2005, Published under Cement NewsAccording to the data released by the National Cement Industry Union (SNIC), the production of cement was of 3.18Mt in September, a decline of 5.3 per cent in relation to August. The accumulated total for 2005 is of an expansion of 5.3 per cent in the production in comparison to the same period last year. The demand for cement in September, on the other hand, was of 3.04Mt, which implied in a decline of 8.7 per cent in relation to August, but represented the second highest level of consumpti... |