Cement News tagged under: international
Buzzi Unicem widens margins15 November 2005, Published under Cement NewsBuzzi Unicem’s cement volume grew by 1.1 per cent to 24.6Mt in the first nine months of the year, while ready-mixed concrete deliveries rose by 2.1 per cent to 11.7m m³. Of those volumes, Dyckerhoff contributed 1.7 per cent more cement at 12.4Mt and 6.9 per cent more ready-mixed concrete at 4.1m m³. Group turnover for the period emerged 4.7 per cent higher at €2195.9m, while the EBITDA improved by 9.9 per cent to €589.2m. Although net interest payments dropped by 28.5 per cent to €64.9m, for... |
Benue Cement targets rights offer15 November 2005, Published under Cement NewsBenue Cement Company Plc, Nigeria is targeting N6.93 billion from its rights offer of 1.980 billion ordinary shares of 50 kobo each at N3.50 per share. The offer which opened on Monday, November 14, 2005 is expected to close on Wednesday, December 21, 2005. The purpose of the offer, according to the Chairman of Dangote Industries Limited, Alhaji Aliko Dangote, is to enable Benue Cement Company finance the expansion and upgrading of the company’s plant and machinery. Other purpose he said inc... |
More on the Lafarge jv China15 November 2005, Published under Cement NewsLafarge Shui On Cement, which is 55 per cent owned by the Paris-based group and was formed with the local Shui On Construction And Materials Ltd. (SOCAM) group in late summer, is acquiring Shuangma Investment Group for US$38m. However, including debt and other commitments taken on the effective cost rises to almost US$160m. This acquisition provides the group with a further three integrated cement plants in the Sichuan province in south-eastern China. The three plants, which have a combined... |
Competition board hints of long review on plant sale15 November 2005, Published under Cement NewsMustafa Parlak, head of Competition Board, said that it did not seem likely for the board to give its decision regarding the sale of cement companies, previously owned by the Uzan group, soon. Parlak furthered that the board’s decision required market analysis, regional evaluations and detailed information. As known, the SDIF (Saving Deposit and Insurance Found) held sale tenders for nine cement plants and the bid prices exceeded the minimum estimated values set by the SDIF. Adana Cimento... |
Lafarge, Shui confirm new joint venture14 November 2005, Published under Cement NewsLafarge and Shui On Construction And Materials Limited, the top cement producer in southwest China, have formed a joint venture partnership to merge their cement operations in China. The joint venture, to be named Lafarge Shui On Cement, will be 55 per cent owned by Lafarge and 45 per cent owned by Shui On, according to Bruno Lafont, chief operational officer of Lafarge. The new company, with a yearly capacity of 17.4Mt and a capital of US$800m, is one of the largest cement producer in th... |
Cement importers gearing up for renewed lobby14 November 2005, Published under Cement NewsCement importers are gearing up to renew their lobby for the Government to remove the 40 percent tariff which was imposed on cement one year ago. The move comes in the wake of a shortage of the product following last month’s heavy rains which disrupted operations at Carib Cement. Caribbean Cement has promised that the situation will return to normal in two weeks. But cement importers who had warned the Government against imposing the tariff as it would have provided an unfair advantage to Ca... |
Group to set up Dh250m cement factory in Al Ain14 November 2005, Published under Cement NewsA new cement factory with an investment of Dh250 million will be set up in Al Ain to meet the growing demand for cement. This private sector factory will initially have a production capacity of 2000 tonnes per day, which will be doubled at a later stage, said V. Oommen Varghese, managing director of the planned Nael Cement Factory. Owned by Nael and Bin Harmal Group, the factory will be located in the New Industrial City of Al Ain. The group has been operating a Dh200-million Nael Cement ... |
Cement exports decline14 November 2005, Published under Cement NewsThe start of winter season, coupled with snowfall, in Afghanistan has resulted in a decline of six percent in Pakistan cement exports by the end of October. Sources in the industry have predicted a further decline ranging between 10 and 12 percent in the next four months. The decline in exports and stagnation in local consumption has already suggested to the cement manufacturers to bring down prices substantially. However, one would still praise the Monopoly Control Authority (MCA) for prop... |
Cementir sees growth in Turkey11 November 2005, Published under Cement NewsThe results of Cementir’s first nine months show the effect of the acquisition of Aalborg Portland Cement and Unicon towards the end of October last year. Turnover rose by 173.3 per cent to €636.7m and the EBITDA advanced by 120.7 per cent to €97.1m. Trading profit increased by 108.3 per cent to €97.1m, which, after a €10.8m negative swing in financial items in the wake of last year’s expansion, reduced the increase in the pre-tax profit to 75.0 per cent to €92.5m. In terms of activity, gre... |
China’ cement production slows11 November 2005, Published under Cement NewsChina’s output of cement reached 756.3Mt in the first ten months of this year, rising 15.25 per cent over the same period of last year. But the growth was at the lowest level since February, according to the China Cement Association. China’s total output of cement is expected to exceed 1 billion tons in 2005, likely to reach 1.05 billion tons, exceeding last years output of 970Mt, The output in October was 87.56Mt, rising 13.34 per cent year on year. The slowing down of cement produc... |