Cement News tagged under: international
Etex to take over Creaton08 November 2005, Published under Cement NewsThe Brussels-based building materials group Etex has agreed to acquire the privately held voting capital in Creaton, Germany’s leading clay tile producer, subject to the competition authorities’ approval. The proposed deal would considerably strengthen Etex’ roofing operations to compete with leaders Lafarge, Wienerberger and Imerys in the roof tile European market, adding production plants in six locations in Germany and one in Hungary. Hitherto Great Britain has been the Belgian group’s ... |
Andino throws in the towel07 November 2005, Published under Cement NewsCementos Andino and Concrecem, Colombia, have decides to sell their complete cement and concrete business to the Argus Group, Colombia. Both companies have reached an agreement on a sale value of just US$192m which includes all financial liabilities and production assets linked to cement and concrete production throughout Colombia. The closing of this deal will be announced following 30 days of due diligence and approval by the Colombian industry and trade regulator Superintendencia de ... |
Dyckerhoff: more on price rises07 November 2005, Published under Cement NewsWolfgang Bauer, head of Dyckerhoff in Germany has said that the proposed January 2006 increase of eight Euros per tonne, a rise of 15 per cent on prevailing levels, is a definite requirement, noting that a cement price of a little over Euro 50 per tonne is not adequate. Bauer explained the price hike with a rise in the electricity costs. According to news sources, other domestic German cement producers are also considering possible price increases, with HeidelbergCement said to be aiming a... |
FCC’s cement unit could spend Euro 900m07 November 2005, Published under Cement NewsSpanish construction company Fomento de Construcciones y Contratas SA’s (FCC) cement unit Cementos Portland Valderrivas SA is considering investments for as much as Euro 900m throughout 2006, report Spanish newspapers in their Monday internet edition, citing remarks by the unit’s Chief Executive, Jose Ignacio Martinez-Ynzenga. Latin America, Canada and North Africa are regions the company’s eyeing for future growth, the papers say. The cement producer will also seek shareholders’ approval t... |
JP Morgan building stakes07 November 2005, Published under Cement NewsLeading foreign private equity majors such as JP Morgan are interested in acquiring equity stakes in Indian cement companies. Foreign funds are reported to have evinced interest in domestic cement firms such as Andhra Cements, Chettinad Cements and India Cements in the south, and Binani Cements in the north. JP Morgan is reportedly negotiating with Andhra Cements to acquire a 14.9 per cent holding in the company, with the price pegged at Rs35-40 per share. The foreign equity fund had recently... |
NTPC may export fly ash to Middle East07 November 2005, Published under Cement NewsIndia’s National Power Thermal Corporation (NTPC) is exploring the possibility of exporting fly ash to the Middle East, an official disclosed. The disposal of fly ash is one of the main problems faced by thermal power units as it caused pollution. Only 47 per cent of the fly ash was used at present and there was a huge surplus prompting the NTPC to explore export opportunities. NTPC Vidyut Vyapar Nigam, a subsidiary of NTPC, would be entrusted with the job, according to NTPC Simhadri General... |
Dyckerhoff: 15 per cent cement price hike04 November 2005, Published under Cement NewsEven with slumping sales, the German cement industry plans another round of price hikes, according to Financial Times Deutschland. Germany’s second-largest cement company, Dyckerhoff AG plans to raise prices by 15 per cent at the start of January 2006. Wolfgang Bauer, chief executive, blamed "exploding" energy costs for the need to raise prices. |
Mexico says talks on US cement tariffs slow04 November 2005, Published under Cement NewsNegotiations between Mexico and the United States over antidumping duties for cement appeared slow on Thursday, with both sides still far from reaching agreement, a Mexican official said. Ricardo Ramirez, a senior Mexican official involved in the negotiations, called the pace of discussions "complicated ... We’re still talking, but positions remain far apart." Mexico wants the United States to drop 15-year-old anti-dumping duties on Mexican cement, particularly following Hurricane Katrina, w... |
Cartel case fails despite concrete proof04 November 2005, Published under Cement NewsOver the space of three years, a group of seven sub-contractors in Hong Kong banded together to rig tenders for Housing Authority contracts worth $115m. They met at least 80 times, obtained legal advice and submitted bids to supply steel gates for 16 developments. Before every contract came up for grabs, they would agree on a price and decide which one of them would get the deal. Excess profits were then returned to the cartel and split equally among the members. In March this year, the ... |
Vietnam’s consumption increases in October04 November 2005, Published under Cement NewsLast month, Vietnam consumed roughly 2.25Mt of cement, a growth of 12.5 per cent over last year’s corresponding period, said the Vietnam Cement Association. The increase has brought the nation’s total cement consumption for the first 10 months up to 23Mt, the association added. The association also forecasts that Vietnam is likely to sell 28.5-29Mt of cement this year, an increase of 10 per cent over last year. |