Cement News tagged under: international
Spohn offer ’is fair’ say HeidelbergCement11 July 2005, Published under Cement NewsHeidelbergCement AG said its supervisory and management boards both agreed that Spohn Cement AG’s Euro 60 per share takeover offer for the company ’is fair.’ The company also said that Goldman Sachs conducted a so-called ’fairness opinion’ study which also found that the offer is appropriate. Spohn announced its takeover bid last month. |
Court bars ruling on bid to hike cement tariff11 July 2005, Published under Cement NewsThe Philippine Supreme Court has barred the Department of Trade and Industry (DTI) and the Tariff Commission from resolving the petition of local cement manufacturers for the extension of safeguard measures. In resolution dated July 5, 2005, the Supreme Court ordered the two government offices to maintain the status quo pending the resolution of another case involving safeguard measures on imported cement. Last year, the high tribunal voided the provisional safeguard duty of P20.60 per ... |
US govt considering end to cement tariffs11 July 2005, Published under Cement NewsUS government officials are currently reconsidering antidumping tariffs on cement imported from Mexico, but are facing fierce pressure from interest groups on both sides, a US official told BNamericas. Last month, a dispute panel from the North American Free Trade Agreement (Nafta) secretariat ordered the US commerce department to review its decision to levy tariffs on Mexican cement. The US has 60 days to decide whether or not to go ahead and abolish the tariffs, but "may seek extra tim... |
Cement shortage may slow building11 July 2005, Published under Cement NewsA cement shortage hitting US Oklahoma state threatens to slow building projects and is edging costs higher. Philip Schwarz, owner of Schwarz Ready Mix, said the shortage is real and will get worse before getting better. "We’re on allocation. I got a call from one supplier this morning who cut me back about 30 per cent," Schwarz said recently. "It hasn’t been too hard on us yet, but the worst is coming. The last of July and August will be the true test of how bad it’s going to be." Oklah... |
Saudi Eastern Province Cement to boost capacity11 July 2005, Published under Cement NewsSaudi cement producer Eastern Province Cement Company (EPC) will raise its annual capacity by 5.0 per cent in November 2005, EPC’s director general Zamil al-Muqrin said in an interview at end-June 2005. The company plans to put into operation an additional clinker production line with a daily capacity of 3500t which will raise the annual capacity to 3.15Mt. The expansion project has an estimated cost of 400 mln Saudi riyals ($106.7m). |
More Iranian investment11 July 2005, Published under Cement NewsTehran Cement Co Managing Director Seyed Mohammad Atabak here Saturday said his company will invest 354.5 billion rials to boost the output. Briefing shareholders, he reiterated the need for an increase in the capital within Article 161 of the Trade Law Amendment. "Of the figure, 135.8 billion rials will be financed by banking facilities and the remaining 218.7 billion rials will be supplied by turnover," he added. The official added the company plans to preserve its market share, increase co... |
Teixeira Duarte controls sizeable Cimpor stake08 July 2005, Published under Cement NewsCimpor said bourse regulator CMVM has ruled that construction company Teixeira Duarte SGPS controls 22.65 per cent of the cement maker’s capital and 22.78 per cent of voting rights as of July 4. The ruling follows the acquisition on July 4 of 13.45 million shares, corresponding to 2.01 per cent of voting rights, by Teixeira Duarte unit TDCIM - SGPS, Cimpor said in a statement. However Teixeira Duarte disagrees that shares held by directors of group companies Teixeira Duarte Engenharia e ... |
Energy costs erode cement firm’s profit08 July 2005, Published under Cement NewsThailand’s second-largest cement maker, Siam city Cement said yesterday rising fuel costs and more competition are eroding the company’s profit. Chantana Sukumanond, senior vice chairman of SCCC, said her firm’s net profit will be less than earlier projection as production costs increased as much as 15 per cent. “SCCC has been able to increase its production efficiency, reducing fuel costs by 7 per cent. But this means that the current oil price hike has pushed up fuel costs by 8 per cent... |
Dyckerhoff Ukraine – higher production08 July 2005, Published under Cement NewsIn June, Volyn Cement company (Zdolbuniv, Rivne region), increased cement production by 24.6 per cent or 29,600t compared with June 2004, to a total 149,900t. As Ukrainian News earlier reported, Volyn Cement increased cement production by two per cent to 115,100t in May. In late 2002, former Volyn switched its name to Volyn Cement, according to the decision of the main shareholder Dyckerhoff Zement International which owns 94.7 per cent of shares in Volyn Cement. |
London Olympics to spur cement investments?07 July 2005, Published under Cement NewsThe rather unexpected news of London’s successful bid for the Olympic bid in 2012 has already has a positive effect on a number of UK construction share prices, but longer-term, this major boost to construction spending in the UK south east may at last galvanise the UK cement industry into some much-needed investments in new capacity. Castle Cement is fairly well-placed to service the expanding London and UK south east market from its base in Ketton, Lincolnshire, which utilises bulk trai... |