Cement News tagged under: international
Cement prices firm up in August rise by 2.3 per cent15 September 2005, Published under Cement NewsCement prices hardened further last month across the country except in a few markets such as Bhatinda, Chandigarh, Kolkata and Hyderabad. Data from the Cement Manufacturing Association (CMA) show the prices rose by an average 2.3 per cent in August compared with the figure an year ago. The prices during the first five months of the current financial year till August increased by around 1.2 per cent. The biggest rise was recorded in Meerut, Uttar Pradesh, where the prices firmed u... |
Birla Ambuja interested in buying CCI Cement plants15 September 2005, Published under Cement NewsThe government Wednesday said big cement companies owned by the Birla and Ambuja groups have shown interest in buying the non-functional plants belonging to the Cement Corporation of India (CCI). "Birla and Ambuja are interested in buying the plants of CCI," Heavy Industry Minister Santosh Mohan Dev said on Wednesday on the sidelines of a seminar for the Chief Executives of PSUs under his ministry. Of the 10 CCI plants, seven are non-functional. As part of the proposed revi... |
Lafarge warns unclear rules stifle business in Venezuela15 September 2005, Published under Cement NewsVenezuela’s constantly changing rules, stringent price controls and government inefficiency are making it extremely hard to do business there, officials at Lafarge warn. "The rules here change much too often," Christophe Nicoli, president of Lafarge in Venezuela, said in an interview with Dow Jones Newswires late Tuesday. "We understand the social goals of the government and its political objectives, but investors need stability and clear rules to do business." Nicoli’s call for cl... |
Lao factory lifts cement to international level15 September 2005, Published under Cement NewsThe Vang Vieng Cement Factory is gaining more international export opportunities as its cement reaches international standards. The company has focused recent production on two styles of cement for export. The first style meets the American standard (ASTMC-150), while the second meets the Chinese standard. The factory has the capacity to produce 200,000t of cement annually and has been concentrating on reaching the highest possible standard. The factory is striving to meet ... |
Cementos Yura to invest US$30m to boost exports15 September 2005, Published under Cement NewsPeruvian cement producer Cementos Yura will invest US$30m (24.4m euro) to boost its exports, the general manager of the company, Antonio Noriega Deza, said on September 14, 2005. Part of the resources will be invested in the modernisation of the machinery equipment of the company. Cementos Yura plans reaching 500,000 tonnes annual exports of cement in mid term, Noriega Deza added. Cementos Yura wants specially to boost exports to the United States, Europe and northern Africa. At pr... |
Jordan Cement factories Co H105 sales at US$131.1m15 September 2005, Published under Cement NewsJordanian cement producer Jordan Cement Factories Co (JCFC) said it achieved a 16 per cent YoY sales increase to JOD93m (US$131.1m/106.8m) in the first half of 2005. The sales rise resulted in 14.6 per cent growth in the company’s after-tax profit to JOD26m (US$36.7 m). The strong performance was attributed to the high local cement demand, which has been gradually increasing over the last two years. |
Holcim says plans central Europe cement plant15 September 2005, Published under Cement NewsHolcim plans to build a HUF62bn (US$310.1m) plant in Hungary, Slovakia or Romania, the company said in a statement released in Budapest on Wednesday. The company said that it may build the plant in the industrial park of Nyergesujfalu, a town located 60km northwest of Budapest, near the Slovakian border. "Currently information linked to the preliminary environmental study is being collected," Holtzim said, without disclosing when it would make its final decision. After the ... |
Taiwan Cement sees 2005 gross margin 11 per cent15 September 2005, Published under Cement NewsTaiwan Cement Corp expects to increase its gross margin to 11% this year from 9 per cent in 2004 due to firming export prices, the Commercial Times reported. The company also expects to raise its return on equity (ROE) to 13 from 9 per cent, and its return on assets (ROA) to 10 from 8 per cent, it said. Taiwan Cement provided these estimates during an investment forum sponsored by Credit Suisse First Boston recently, the report added. Taiwan Cement estimates its 2005 profit to co... |
Bidding for Mustehkam Cement today15 September 2005, Published under Cement NewsThe Privatisation Commission (PC) is holding a bidding to privatise Mustehkam Cement Limited (MCL) through the sale of 85.29 per cent shares held by the holding company, SCCP, and for the sale of Bolan Textile Mills machinery at its conference room at Islamabad on Thursday at 1015 hrs. The MCL is a public limited company listed on the stock exchange. The original unit commenced its production in 1966, while the new unit started commercial production in 1981. The company produced Portland ... |
Mexico, U.S. in Talks on Cement Tax14 September 2005, Published under Cement NewsHurricane Katrina may help end a 15-year trade dispute between the U.S. and Mexico over cement, as the massive rebuilding effort in the Gulf Coast could put pressure on US officials to allow more imports into a market beset with shortages and high prices. US and Mexican officials met Tuesday in Washington to discuss lowering or dismantling punitive tariffs on Mexican cement, which currently run as high as 62 per cent. The U.S. Commerce Department imposed the penalties in 1990 after a grou... |