Cement News tagged under: international
Cement caravan fails to hit the pavement07 September 2005, Published under Cement NewsWhen Albuquerque Mayor Martin Chavez announced in mid-August that he and Chihuahua, Mexico Mayor Juan Blanco had worked a deal to avert a cement shortage crisis in New Mexico, he said a "caravan" of trucks loaded with powdered cement soon would be barreling up I-25 from Mexico. Because of the deal in which the state’s largest cement supplier had agreed to cut supplies by 10 per cent instead of 20 per cent, New Mexico had avoided a "body blow" to its construction-fueled economy, Chavez sa... |
India: Cement cos’ valuations scale new heights07 September 2005, Published under Cement NewsWith cement prices reaching new heights, valuations of cement companies have scaled new peaks on the bourses. While large profitable companies such as Associated Cement Companies (ACC), Gujarat Ambuja and Shree Cement are now quoting over US$100 (Rs 4400)/t of their installed capacity, valuations of loss-laden companies such as Prism Cement are about to touch the US$100/t mark. Just a year ago, paying more than US$100/t to acquire a small regional player was considered a sin. For a major... |
Thailand: Second attempt planned to auction shares of cement affiliate07 September 2005, Published under Cement NewsAfter a failed electronic auction of the shares of its cement and petrochemical subsidiary last month, Thai Petrochemical Industry (TPI) has decided to reopen the bid in a fresh attempt to raise US$249m to repay TPI’s debts. Siri Jirapongphan, a member of the TPI rehabilitation planning team, said sealed bids for the shares of TPI Polene (TPIPL) would be solicited and were scheduled to be opened on September 22. Twenty-nine interested bidders have been invited to join the new auction. ... |
Kenya: Concrete roads could cause cement shortage07 September 2005, Published under Cement NewsThere is growing concern in the construction industry in East Africa that the adoption of cement in road construction will lead to shortages and price hikes. Already, industry players say, the region has some of the highest cement prices in the world following recent hikes, with Bamburi Cement in Nairobi selling a tonne of its Nguvu Brand at Ksh10,977.20 (US$142.5) and Power Plus at Ksh12,796.30 (US$166)/t of Power Plus brand while that from Bamburi Portland Mombasa is going for Ksh 963... |
Unique floating cement factory docks in Qatar07 September 2005, Published under Cement NewsA group of Qatari businessmen have found a unique solution to meet the severe shortfall of cement in the local market. They have brought in a floating cement factory which is now docked in the Mesaieed port and expected to commence production before the end of this week. The factory is based on the ship, MV Sealo-1, which sailed into the Messaeeid port yesterday. The ship has a capacity to produce some 6000tpd of cement and can store up to 32,000t of unpacked cement at a time. Zaid A... |
Gahna: Court discharges General Manager of Diamond Cement07 September 2005, Published under Cement NewsA Dzodze District Magistrate Court on Tuesday discharged Mr Chitti Babu, General Manager of Diamond Cement Ghana Limited (DCGL), who has been charged with three counts of violating the Social Security Law, lodged by the Social Security and National Insurance Trust (SSNIT). Mr Babu pleaded not guilty to the counts of failing to register non-African Workers, failing to pay social security contributions and failing to pay penalty on delayed payment of social security contributions, contrary ... |
Lafarge adds weight to cement expansion06 September 2005, Published under Cement NewsIn another vote of confidence underscoring the bullish forecast for economic growth, Lafarge yesterday became the third of SA’s four large cement makers to announce a major expansion. Lafarge said in a statement that it would add about 1Mt of annual capacity to its Lichtenburg works at a cost estimated at more than R1bn. Barloworld subsidiary PPC Cement announced last week that it would build a new kiln to expand capacity by about 1-million tons at a cost of R1,36bn. Natal Portland Cemen... |
Softwood, cement: Beacons of NAFTA’s failure06 September 2005, Published under Cement NewsThe United States slaps punishing tariffs on imports of a vital building material, driving up the price and creating sporadic shortages in the midst of a housing boom. But after years of litigation — before international trade panels and US courts — the trade dispute remains hopelessly stalemated. Sound familiar? It could easily be the Canada-U.S. softwood lumber dispute, of course. But the product is Portland cement and the aggrieved exporter is Cemex SA, Mexico’s dominant producer. ... |
Holcim Hungaria capacity likely to be increased06 September 2005, Published under Cement NewsHolcim Hungaria Cementipari Rt, the Hungarian subsidiary of Swiss cement group Holcim, is one of the group’s three subsidiaries among which Holcim will choose one to enlarge its capacity, it was reported on September 2, 2005. The other two candidates for expansion are Holcim’s Slovakian or Romanian units. The project’s costs are estimated at the equivalent of 62.5bn Hungarian forints (US$319.7m/Euro256.2m). The expansion is scheduled to start in 2009. Holcim Hungaria expects to ... |
Holcim cements financial ties with Ambuja cement06 September 2005, Published under Cement NewsWith its own shareholding in Ambuja Cement Eastern (ACEL) well past the controlling 50 per cent mark, Swiss cement maker Holcim has for the first time consolidated the financials of its Indian subsidiary with itself. Following the consolidation of the 2Mt ACEL and UK-based building materials Aggregate Industries, which became a wholly-owned subsidiary of Holcim earlier this year, the EBITDA margin of the Swiss major has declined marginally to 25.9 per cent during the first half of the ye... |