Cement News tagged under: international
EAPC alarmed by high oil prices12 August 2005, Published under Cement NewsEast Africa Portland Cement Company plans scale down its reliance on oil fuel. The decision has been fuelled by instability in oil prices. Ndegwa Kagio, General Manager Works, said the firm was exploring ways of using coal as an alternative source of fuel in its production process. "The energy cost has been the biggest contributor to our cost of production and an impediment to our regional competitiveness," he said. Kagio was speaking during a tour by a team of business executives from Zi... |
Oversupply in China?12 August 2005, Published under Cement NewsCement prices in China kept a moderate decline trend throughout the first half of this year, and the trend is expected to continue into the second half of the year for quick capacity expansion and inadequate demand, according to a report recently released by the Price Monitoring Center of the State Development and Reform Commission. In a breakdown, the price of ordinary portland cement slid all the way, while that of blended portland cement rose first before decline throughout the first six... |
Holcim to auction LaPorte land site12 August 2005, Published under Cement NewsThe auction of about 3000 acres of land and 800 shares of Colorado-Big Thompson water owned by Holcim Inc. is scheduled to begin at 10 a.m. Sept. 17 at the Fort Collins Hilton, 425 W. Prospect Road. The sale will be managed by J.P. King Auction Co. of Gadsden, Ala. The land is expected to be sold in 35 to 100 acre chunks for residential and commercial development, setting up the potential for hundreds of new homes just off US Highway 287. Land up for grabs is expected to include lakeshore pr... |
Lafarge, Shui On China JV11 August 2005, Published under Cement NewsLafarge SA and Hong Kong-based Shui On Construction & Materials Ltd will apparently merge their cement operations in a joint venture in China, the companies said in a statement Thursday. Shui On Construction, also known as Socam, is the leading cement producer in southwest China. "The strategic alliance will establish the new cement leader in the South West Region, one of the largest and fastest growing areas in the Chinese Mainland," the companies said. The joint venture, to be named... |
Vietnam’s latest plant gets funding11 August 2005, Published under Cement NewsThe State-run Development Assistance Fund last week granted a credit of almost VND700 billion (US$43.7m), with an annual interest rate of 6.6 per cent, for the construction of the Tay Ninh Cement Plant, said a senior company official. Director of the Tay Ninh Joint-Stock Cement Company (FICO) Mai Ngoc Liem said that although the loan accounted for just 27 per cent of the project’s total $176.8m capital, it was crucial for the project’s success. He explained that the credit would facilitat... |
Insurer pays tsunami claim to Semen Andalas11 August 2005, Published under Cement NewsLocal insurance firm PT Asuransi Wahana Tata settled on Wednesday the first insurance claim by tsunami-hit PT Semen Andalas Indonesia, whose plant in Nanggroe Aceh Darussalam was badly damaged by the disaster on Dec. 26, 2004. In a little more than seven months after the disaster, the insurance company paid Euro 25m as an interim payment to the cement producer to cover damage and loss to property and investments located at Lhoknga on the west coast of Aceh. Based on Wahana Tata’s report... |
SCCC bid to raise cement price11 August 2005, Published under Cement NewsWith increasing energy costs eating into its profitability, Siam City Cement Plc plans to raise its cement prices. The country’s second largest cement maker would not say when or by how much it would raise its prices. But managing director Leo Mittelholzer, said yesterday that he would ask the Commerce Ministry for permission to raise its prices, and once approved it would raise them immediately. Cement is one of many commodities the prices of which the Commerce Ministry closely monit... |
New cement plants for Sverdlovsk region11 August 2005, Published under Cement NewsAccording to a statement of Construction Minister of the Russian Sverdlovsk region A Karlov, several new cement plants will be built in the Sverdlovsk region, API News reported. |
Cement M&A activity dries up in India11 August 2005, Published under Cement NewsIt’s apparently becoming difficult for prospective buyers to strike takeover deals in the cement sector. Suitors, including some of the top names such as Zuari, Cemex and Dalmia’s, are moving around with bagful of cash, but no one seems to be interested. Yesterday’s distress sellers, including India Cements, Mangalam Cement and JK Corp, among others, have turned around, inducing their promoters to either drop sell-off plans or "out-price" themselves from the mergers & acquisition (M&A) marke... |
Cement output dips in July, India10 August 2005, Published under Cement NewsMajor cement companies reported a decline in production in July this year over the corresponding month last year. Cement production of Gujarat Ambuja Cements Limited (GACL) in July has decreased by eight per cent over the corresponding period last year. In absolute terms, production was 0.949Mt in July. Sales for the same period too have decreased by eight per cent to 0.947Mt. The Aditya Birla Group’s cement production for July 2005 stood at 0.2Mt, which is lower by 4.82 per cent ov... |