Cement News tagged under: international
Loma Negra pays off US$39m in debts09 September 2005, Published under Cement NewsLoma Negra, Argentina’s biggest cement company, has redeemed early US$39.3mn of bonds, the firm told the Buenos Aires stock exchange. The company carried out the early repayment of the bonds with excess cash funds generated in the first six months of the year, read the company statement. "After these payments, there are no more capital quotas of circulating Loma Negra bonds that can be called in before September 5, 2008," according to the company. The Brazilian construction group C... |
Holcim Croatia opens EUR1.7m concrete factory09 September 2005, Published under Cement NewsThe Croatian unit of Swiss cement maker Holcim Group said it has opened a 13 million kuna (US$2.2m) concrete factory, its sixth in the Adriatic country. The new factory is a greenfiled investment of Holcim Croatia, the company’s communications and marketing manager Julija Skoro, told SeeNews. The factory is based in Kukuljanovo, near Croatia’s northern Adriatic port of Rijeka, and has an output capacity of 120m3 of concrete per hour. Apart from the concrete factories Holcim Croatia, a fully ... |
Cement plant expansion anticipates change in SA08 September 2005, Published under Cement NewsThe massive expansion on the cards for SA’s cement industry may appear a little ambitious, especially as cement sales growth rates are expected to taper off from this year. PPC and Lafarge said recently they would each bring on board an additional million tons by 2008. And Natal Portland Cement will add about 600000 tons at about that time. These are sizeable expansions. But these plans are only partially based on the steep increase in demand for cement over the past year or two. More i... |
Cementos Melón with highest stake in the market08 September 2005, Published under Cement NewsCementos Melón, registered the highest stake in the Chilean market with a 35.4% share during the January-July period. In the first seven months of the year, Melón sold 802,593t, a 0.4% decrease from the same period 2004. However, the company expects to increase its sales by 4% this year in relation to 2004, the paper said. In the meantime, Cementos Polpaico, controlled by Holcim, follows Melón closely with a 35.1% stake in the Chilean cement market. Polpaico totaled sales of 796,462... |
Domestic cement production up 33% YoY, Argentina08 September 2005, Published under Cement NewsArgentine production of Portland cement rose 32.8% in August compared to the same month last year due to the growth of the construction industry, according to a report from the association of Portland cement manufacturers (AFCP). During last month Portland cement plants delivered 683,037t, including exports. This was a 12.3% increase compared to July and 32.8% up on August 2004. Consumption of the product in the domestic market reached 673,918t, including cement imports, which was an i... |
Lafarge buys majority stake in Cementos Esfera08 September 2005, Published under Cement NewsLafarge has acquired an undisclosed majority stake in Spanish cement producer Cementos Esfera. The firm has confirmed that the operation, which was closed out on July 23, is in response to its plan to strengthen its position in the Spanish autonomous region of Catalonia, where Cementos Esfera is based, and the eastern part of Spain. Prior to the operation, Cementos Esfera was majority-owned by Catalan group ICA. As a result of the operation Lafarge will gain four plants in Spain. Cement... |
TPI to auction cement unit stake on Sept 2208 September 2005, Published under Cement NewsThai Petrochemical Industry Plc (TPI) will hold an auction to sell its 30 percent stake in cement maker TPI Polene on Sept 22, in a second attempt to raise money to repay debt, a TPI debt administrator said. TPI’s debt plan administrator will invite 29 investors who indicated interest in participating in the previous e-auction to attend the auction for TPI Polene’s 249 million shares, TPI said in a statement to the Stock Exchange of Thailand. Creditors and other interested parties may al... |
EU approves Spohn buy of HeidelbergCement07 September 2005, Published under Cement NewsThe takeover vehicle of German billionaire Adolf Merckle, Spohn Cement, and its affiliates won permission on Wednesday from the European Commission to take over HeidelbergCement. The approval was granted under the Commission’s simplified procedure, used when neither competitors nor customers raise objections. Spohn said in a statmeent last month it held 76 percent of the company’s shares. The Merckle family, which has held HeidelbergCement shares for decades, made the bid to protect ... |
Siam cement unit: Firm eyes Indonesian mine07 September 2005, Published under Cement NewsSCT expands exports as domestic sales fall. SCT, Siam Cement Group’s distribution unit, is planning to spend several billion baht to buy a majority stake in or create a joint venture with a coal mine in Indonesia in the next year. The move is part of the company’s plan to diversify into energy-related businesses, according to the company’s managing director Kalin Sarasin. "We are studying ways to form a joint venture or buy a major stake in a coal mine in Indonesia that will serve ou... |
Malaysia’s YTL Cement wins SC approval for loan stocks rights issue07 September 2005, Published under Cement NewsYTL Cement Bhd said the Securities Commission has approved its proposed renounceable rights issue of up to 490.32m rgt nominal value of 10-year irredemable convertible secured loan stocks (ICULS), on the basis of one rgt nominal value of ICULS for one existing YTL Cement share held. YTL Cement Bhd had said that the expected gross proceeds of up to 490.33m rgt from the sale of loan stocks would be used to repay borrowings and provide working capital. It also said it will pay a coupon ... |