Cement News tagged under: international
ACC buoyant about eastern region30 June 2005, Published under Cement NewsAssociated Cement Companies (ACC) is looking at acquisitions to expand its presence in the eastern region with the entry of Holcim as promoter-shareholder. It will work closely with Ambuja Cement Eastern Ltd (ACEL), in which the Holcim-controlled Ambuja Cement India holds a 95 per cent share. Holcim is expected to merge ACC with ACEL, which will increase its shareholding in the merged entity to about 50 percent even as it will make it easier to integrate the Indian operations with Holcim’s gl... |
Morocco Asment Temara boosts production capacity30 June 2005, Published under Cement NewsMoroccan cement maker Asment Temara, a subsidiary of Portuguese sector group Cimpor, has recently completed one of the stages of a project to increase production capacity ahead of an expected strong growth of domestic cement consumption, it was reported on June 28, 2005. Cimpor entered Morocco in August 1996, when it took a majority stake in Asment Temara. In 1998, Cimpor created local company Betocim, specialising in ready-mixed concrete. |
Asia Cement invests in new Hubei plant30 June 2005, Published under Cement NewsThe Asia Cement Co., the second largest cement producer in Taiwan, has invested US$200m in its second plant in Wuhan Yangluo Economic Technical Development Zone, named Hubei Yadong Cement Co. The new plant covers 69.4 hectares and is designed to have an annual cement production capacity of four million tons. The first phase of the project is scheduled for completion in two years. Asia Cement (China) Holding Co., signed an MOU with the Wuhan government on a new plant in the Wuhan Wang... |
TPI to auction cement unit stake30 June 2005, Published under Cement NewsThai Petrochemical Industry (TPI) will sell its 30 per cent stake in cement maker TPI Polene PCL in an electronic auction on Aug. 9, TPI’s debt administrator said on Thursday. Interested bidders were required to submit letter of intent to participate in the auction from Aug. 5-8, the administrator said in a statement to the stock exchange. Kim Eng Securities (Thailand) is financial adviser for the stake sale, which is part of $2.7 billion debt restructuring plan of TPI, the country’s large... |
Camargo Correa completes acquisition of Loma Negra29 June 2005, Published under Cement NewsLoma Negra and Camargo Correa have informed the Argentine government that both companies completed all the stages of the negotiation process for the transfer of the Argentine cement manufacturing company to the Brazilian holding. The notification that the transaction, on the companies point of view, has been completed was delivered to Comissio Nacional de Defesa da Competicao (CNDC), the Argentine antitrust body. The operation will be analysed by Argentine authorities. A source of Loma Negra,... |
NAFTA re-opens the debate29 June 2005, Published under Cement NewsThe NAFTA Panel reviewing the ITC’s 2000 Sunset Review Decision today remanded the case to the ITC ordering the ITC to re-evaluate its decision under the correct legal standards, and with further analysis and explanation. The NAFTA Panel has issued extremely clear and tight instructions as to how the ITC must conduct its remand proceeding, and the further analysis and evaluation it must provide to the NAFTA Panel, within 60 days from 24th June 2005. First, as to the main legal issue in t... |
Dalmia cement expansion objections29 June 2005, Published under Cement NewsThe Madurai Bench of the Madras High Court on Tuesday admitted a batch of public interest litigations moved against expansion of the Dalmia Cement factory and establishment of a captive thermal power plantin Dalmiapuram near Tiruchi. Adjourning the matter to July 13 for final hearing, a Division Bench comprising Justice K.P. Sivasubramaniam and Justice S.K. Krishnan made it clear that any further construction in the site would depend on ultimate outcome of the case. Two litigants, V.... |
Moroccan cement sector shows continued growth29 June 2005, Published under Cement NewsAccording to local reports, Morocco’s cement sector had witnessed an average 5.95 per cent growth last year compared with the previous year, supported by major housing and road projects in the Kingdom. The report attributed the growing cement sector mainly to executing several "important projects" such as fighting the improper housing and expanding the road system. In addition, the housing financing loans provided by the banking sector grew by 14.5 per cent in the same period. Morocco’s cemen... |
Cauldon Works opts for plastic29 June 2005, Published under Cement NewsLafarge Cement UK’s Cauldon Works is making preparations for the launch of the company’s latest innovation - the first mainstream cement to be packed in plastic. Lafarge has adopted new technology to enable it to bring together two of its most popular innovations of recent years - Blue Circle Mastercrete Original cement which is made at Cauldon, and plastic, weather-resistant packaging. Until now only specialised cements and ready-to-use products have been available in plastic packaging. T... |
Construction sector up in May29 June 2005, Published under Cement NewsArgentina’s construction sector grew 8.9 per cent in May compared to the same month last year, according to a report by national statistics institute Indec. With the growth in May, the sector is up 7.8 per cent so far this year, compared to the first five months of 2004. The sector was up 2.3 per cent with respect to April. The upswing also had positive results in the cement and asphalt sector sales, respectively reaching nearly 600,000t and 47,000t, up 1.1 per cent and 7.1 per cent from Ap... |