Cement News tagged under: international
Lafarge names Bruno Lafont as new CEO27 September 2005, Published under Cement NewsLafarge said on Tuesday that Bruno Lafont, currently group chief operating officer, would become its new chief executive from January 1. Lafont, who has spent all his career at Lafarge, will replace Bernard Kasriel at the helm of the French group. His appointment as CEO was widely expected. Lafont, 49, has been chief operating officer at Lafarge since May 2003 and had responsibility for the company’s business in the north American market. Earlier this month Lafarge shares fell sharp... |
Mexican GCC buys stake in top Bolivian cement firm27 September 2005, Published under Cement NewsMexican cement maker Grupo Cementos de Chihuahua has bought a 46.57 percent stake in Bolivia’s top cement maker for $58.2m, the company said on Monday. Under the terms of the deal, Bolivian company Sociedad Boliviana de Cementos, or Soboce, will become an affiliate of Grupo Cementos de Chihuahua, or GCC, which already has operations in Mexico and the United States and an annual output of 3.3Mt. The Mexican company, partially owned by world No. 3 cement producer Cemex, said the investmen... |
Egypt’s Orascom to build cement factory in Indonesia27 September 2005, Published under Cement NewsIndustry Minister Andung Nitimihardja said Egypt’s Orascom Construction Industries plans to build a cement plant in Indonesia with an annual capacity of 2.5Mt. The project will be built in Java with an investment of US$150m, Andung said. He said the government encourages new investors to do business in cement industry or the existing producers to expand their capacity to meet growing demand in the coming years. The existing factories with capacity of 46Mt will not be able to meet requ... |
Heidelberg Cement’s Bosnian unit to invest27 September 2005, Published under Cement NewsTvornica Cementa Kakanj (TCK), a Bosnian cement plant owned by German HeidelbergCement, said on Monday it would invest some 100 million marka ($61.7m) in technology upgrades and environmental protection by 2010. "Heidelberg Cement’s commitment is that within ten years 100 million marka will be invested into modernisation, environment protection and related business," Hilmo Bjelopoljak, TCK’s chief executive officer, said in a statement, marking five years of operation since the plant’s priv... |
Energy costs trim Asia Cement growth26 September 2005, Published under Cement NewsAsia Cement Plc, Thailand’s fourth largest cement maker, estimates a slight decline in sales growth to seven per cent this year from 10 per cent last year, due mainly to the effect of higher energy prices, according to managing director Nopadol Ramyarupa. He said the company targeted sales this year of up to five billion baht and a net profit of at least one billion, compared with profit of 900 million baht last year. Asia Cement, in which Bangkok Bank is a major shareholder, has noted a ... |
Holcim says plant closure will not affect output26 September 2005, Published under Cement NewsPT Semen Cibinong, a unit of Holcim, said the planned closure of one of its plants for seven months will not affect the company’s total cement output as it will raise production at its other plant. Semen Cibinong will suspend operations at a plant in the Central Java town of Cilacap from next month until April 2006, said Deni Nuryadain, a spokesperson for the Cilacap plant, confirming a media report. ’We will increase production from the second plant, so there will be no disturbance to t... |
Pikalevsky Cement production up26 September 2005, Published under Cement NewsIn the first eight months of 2005, Pikalevsky Cement (the Leningrad Region) produced more than one million tonnes of cement. The company’s annual capacity is projected at 2.7Mt. In 2004, the output was 1.7Mt. Pikalevsky Cement became part of the Eurocement holding company in spring 2005. Pikalevsky Cement manufactures practically all grades of cement, supplying its products to construction markets in St. Petersburg, the Leningrad Region and north-western Russia. Its products are used fo... |
Garadagh Cement increases investment programme26 September 2005, Published under Cement NewsThe azerbaijani Garadagh Cement company, the country’s sole cement producer, has increased its investment program from $75m to $87m but postponed its start, Garadagh Cement board chairman Uve Kohler has stated. The programme has been temporarily put off in light of problems with raw material supplies from the Tovuz deposit. Garadagh Cement holds a Tovuz enterprise that was illegally occupied by another company, Kohler has stated. The situation involved the company in long-term litigation. Ga... |
Tasek, Saigon Cement abort joint-venture plan26 September 2005, Published under Cement NewsTasek Corp Bhd, one of Malaysia’s four large cement producing groups, and Saigon Cement Joint Stock Co have aborted their plan to form a joint venture company to operate a cement manufacturing plant in Vietnam. Tasek said the memorandum of understanding (MOU) dated March 17 2005 it signed with Saigon Cement lapsed on September 16. "Both parties mutually agreed not to extend further to form a joint venture company in Vietnam to set up a grinding plant for the manufacture of cement in Ho Chi Mi... |
Italian and Thai prices depress Italcementi profits23 September 2005, Published under Cement NewsItalcementi increased first half cement deliveries by 9.6 per cent to 26.2Mt, helped by the full consolidation of Suez Cement for three months, with the underlying volume increase being 2.3 per cent. Group turnover rose by 6.2 per cent to EUR2,397.9m, of which cement represented 61.5% and ready-mixed concrete and aggregates a further 34.0%. The EBITDA, however, declined by 5.2 per cent to EUR495.2m and the running profit before tax emerged 9.3% lower at EUR311.5m. Net debt at the end of t... |