Cement News tagged under: international
Dangote to Produce 10Mt by 200614 October 2005, Published under Cement NewsThe President, DangoteGroup of Companies, Alhaji Aliko Dangote has disclosed that the group’s new cement industries in the country will by 2006 produce 10Mt of cement annually. Dangote stated this in speech recently at the foundation laying ceremony of Ibese Cement Company in Yewa North Local Government Area of Ogun state. He said both Obajana Cement Plc in Kogi state and Benue Cement Company Plc will hit the market with a combined output of 8Mt from the first quarter of 2006. Dangote sai... |
Switzerland domestic cement deliveries up14 October 2005, Published under Cement NewsSwitzerland’s cement industry’s domestic cement deliveries grew 6.5 per cent year-on-year in the third quarter of 2005, local industry association cemsuisse said on October 13, 2005. Cement deliveries rose 7.5 per cent on an annual basis in the first nine months of the year, it added. The rise was attributed, among other things, to the boom in the local home building market which is expected to hold sway until the end of 2005. Thus far into 2005, domestic cement deliveries amount to 3.2Mt, ... |
OCI Denies Plan To Build Indonesian Cement Factory14 October 2005, Published under Cement NewsOrascom Construction Industries, or OCI denied having made any statements concerning intentions to invest in constructing a cement factory in Indonesia, according to a press release issued through the Cairo and Alexandria Stock Exchange Thursday. The denial comes after reports circulated in Arab media concerning OCI’s plans to pour money into an Indonesian venture. OCI is a cement producer and construction contractor active in emerging markets. It operates cement plants in Egypt and Alger... |
South Africans squeeze new entrant13 October 2005, Published under Cement NewsSouth African cement suppliers and local distributors have reportedly conspired to drive out newly introduced Cheetah Cement to maintain their monopoly in Namibia. New Era investigations have revealed that the suppliers have offered local distributors a N$5 a bag rebate to stop them from selling Cheetah Cement. Cheetah Cement is a product of Ardea Investment, a consortium of Namibian and Brazilian business persons. Cement prices have over the past two months plummeted to record levels... |
Russian antitrust body to consider Eurocement break-up13 October 2005, Published under Cement NewsRussia’ Federal Antimonopoly Service, or FAS, has ruled that Eurocement Group has been violating the law on competition and is considering forcing Eurocement Group to break up under antimonopoly regulations, the FAS said late Tuesday. The company used its monopoly market position to set cement prices at excessive rates and failed to substantiate these prices, Kommersant business daily reported Wednesday quoting the FAS’ Deputy Director Andrei Tsiganov. Tsiganov said the FAS had received co... |
Brazil’s Camargo Correa to invest US$100m13 October 2005, Published under Cement NewsBrazilian cement producer Camargo Correa is investing US$100m over the next three years in Argentina to boost production capacity and expand a cargo railway line, the company’s newly acquired Argentine holding said Wednesday. The Argentine government said Tuesday it has approved Camargo Correa’s $1.025bn purchase of Holdtotal SA, a local company whose main asset is the country’s biggest cement producer, Loma Negra. Holdtotal also runs the Ferrosur Roca cargo railway network. Loma Neg... |
Mexican cement growth slows13 October 2005, Published under Cement NewsAlthough the Mexican cement industry grew three per cent in January-July this year, the national cement chamber (Canacem) predicted growth for the year would be just two per cent due to the slow progress in public works, according to newspaper Reforma. Cement production totaled 19.9Mt in the first seven months of 2005, up 2.9 per cent year-on-year. The growth was fairly regular during the period apart from a 10.4 per cent dip in February. Cement prices apparently slipped 1.44 per cent ... |
TPIPL seeks further delay for restructuring13 October 2005, Published under Cement NewsTPI Polene Plc plans to petition the Central Bankruptcy Court this month seeking an extension of its debt-restructuring period by one year to December 2006, according to plan administrator Prachai Leophairatana. TPI Polene entered into the debt-restructuring plan in 2000. The plan is set to be finished by the end of 2005. Mr Prachai said the extension was to ensure a smooth operation in face of intense competition and price dumping in the cement industry. ’’The court is our last resort to pr... |
Bahrain plans cement venture13 October 2005, Published under Cement NewsBahrain’s first cement company has been formed in response to rocketing cement consumption, which is a direct result of the country’s booming construction and real estate sectors. The US$45m project is an industrial venture between Khaleej Finance and Investment (KFI) and Bahrain Motor Company (BMC). They have signed a formal agreement to set up a smallscale cement manufacturing company called Falcon Cement Co BSC, which will produce clinker and cement. Construction of phase one of the proje... |
Argentina authorities approve Camargo-Correa purchase12 October 2005, Published under Cement NewsThe Argentine government has approved Brazilian engineering company Camargo-Correa’s (CCG) acquisition of local cement producer Loma Negra’s holding company, the Economy Ministry said in a statement released Tuesday. The approval came from the secretary of technical coordination, the agency that oversees the country’s antitrust regulatory body. The two companies signed a letter of intent in late April, agreeing to have Camargo-Correa buy Holdtotal, the holding company, for $1.025bn. ... |