Cement News tagged under: international
Camargo’s takeover of Loma Negra still not finalised24 June 2005, Published under Cement NewsBrazil’s Camargo Correa group has not yet finalized its planned acquisition of Holdtotal, the holding company that controls Argentine cement giant Loma Negra, the cement company reported to the Buenos Aires stock exchange. As of June 22, there was just a letter of intention from Camargo, but nothing more, it said. The deal, announced in April, is valued at US$1.03bn and includes holding company subsidiaries Compaña de Servicios a la Construcció (construction), Ferrosur (rail), Recycomb (was... |
Greece’s Heracles Q1 hit by sales fall24 June 2005, Published under Cement NewsGreek cement maker Heracles Cement , majority-owned by France’s Lafarge , reported a first-quarter pretax loss on Thursday, hit by falling sales in the domestic market and higher fuel costs. The first-quarter showed a loss of Euro 2.9m Heracles said, based on International Financial Reporting Standards (IFRS) accounting. The company had posted a Euro 14m pretax profit in the year-earlier period under Greek accounting standards. Heracles said in a statement sales fell 6.3 p... |
Mexican Cemex Lay-offs affect German units24 June 2005, Published under Cement NewsCemex’s decision to close 15 to 20 plants and slash 2000 jobs by 2007 threatens to affect also its German unit Readymix Beton Sachsen GmbH, a Readymix spokeswoman said on June 23, 2005. Cemex will seek to restructure its German plants due to high production costs and save a total Euro 214m in Europe by 2007, a spokesman said on June 23, 2005. Lay-offs, aimed at boosting operations, will result in EUR 58m savings. Cemex operates six plants in Germany through its local unit Readymix, of whic... |
Japan May 2005 Cement Shipments24 June 2005, Published under Cement NewsJapan cement shipments totalled 5.17Mt in May 2005, up 6.1 per cent year-on-year, the Japan Cement Association said on June 23, 2005. The figure marked a year-on-year increase for the third straight month. The increase can be put down to the strong demand for cement, mainly in the Hokuriku area, central Japan. Demand for cement was also strong in the large metropolitan areas in May 2005. Domestic cement shipments stood at 4.29Mt in May 2005, up 7.4 per cent, also marking a year-on-year... |
Cement firm seeks investor approval24 June 2005, Published under Cement NewsPhilippines: Fortune Cement Corp. will seek stockholders’ approval for a planned merger with Continental Operating Corp. during the annual meeting on July 25. In a letter to the stock exchange, Fortune Cement said the application for Securities and Exchange Commission (SEC) and other approvals will be filed soon after the stockholders’ approval is obtained next month. "Subject to the approval of the SEC, Continental shall be deemed merged into Fortune pursuant to the Corporation Code... |
Argos reorganises its cement operations24 June 2005, Published under Cement NewsEight Colombian cement companies will merge to create a business worth US$2.28bn, local press reported. Cementos del Caribe will absorb seven other companies: Cementos del Valle, Cementos Paz del Rí, Cementos Rioclaro, Colclíker, Tolcemento, Cementos El Cairo and Cementos del Nare. All eight are associated with Colombia’s largest cement producer Cemento Argos. The move is designed to create a larger company with assets to compete more effectively against multinational firms such as Me... |
Cemex Espana spends on new plant24 June 2005, Published under Cement NewsSpanish cement maker Cemex Espana SA spent Euro 2.5m on the construction of a new plant for ecological production of ready-mix concrete in Paterna, eastern Spain, opened on June 22, 2005. The plant is located on 7000 sq m, having an annual production capacity of 150,000 cu m of concrete. The equipment used will reduce emissions of dust and the noise and wastes will be recycled to fresh concrete. The concrete production will be offered only on the market in the eastern Spanish region of Valen... |
Icelandic Aalborg Portland appoints Managing Director24 June 2005, Published under Cement NewsIcelandic cement importer Aalborg Portland Island hf has appointed Tomas Moller managing director, it was reported on June 22, 2005. Tomas Moller will succeed Bjarni O. Halldorsson who has headed the company since it was set up in 2000. Aalborg Portland Island is a subsidiary of Danish cement manufacturer Aalborg Portland, which supplies cement to more than 70 countries worldwide, according to the company’s Web site. Aalborg Portland Island runs two 6000t cement silos for loose cemen... |
Asia Cement Corporation to build second cement plant24 June 2005, Published under Cement NewsTaiwan’s second largest cement producer Asia Cement Corporation will build in a second cement plant in Wuhan Mainland China named Hubei Yadong Cement Plant, with less than 1.6 billion yuan of investment. The new plant will be constructed in two phases, with 3Mta of projected production capacity. The first phase will be completed in October 2006. Wuhan Yadong Cement Plant, the first factory that Asia Cement Corporation set up in Wuhan, produced 1.5Mt of cement in 2004, accounting for 20 per ... |
Cement plants need to improve23 June 2005, Published under Cement NewsThe Vietnamese Bim Son Cement Company plans to produce 542,000t of clinker and provide the domestic market with 592,000t of cement in the second quarter. However, insiders are warning that the cement industry needs to accelerate construction of new plants or risk facing a shortage crisis. A recent meeting between producers indicated that construction and upgrade of cement plants have languished over the past three years during which period demand consistently outstripped forecasts. This m... |