Cement News tagged under: international
Hanson PLC acquisition update23 June 2005, Published under Cement NewsHanson PLC, the international building materials company, today announces four recently completed acquisitions in the USA for a total cost of approximately £100m. This brings the total acquisition spend for Hanson so far this year to close to £300m. - Three acquisitions in the San Francisco Bay area of northern California - Mission Valley Rock Company, Berkeley Ready Mix Company and Berkeley Asphalt Company. With an estimated 60 million tons of permitted aggregates reserves, Mission Valle... |
NBP and Pioneer Cement sign accord23 June 2005, Published under Cement NewsThe National Bank of Pakistan (NBP) signed an agreement with the Pioneer Cement Limited (PCL) on Tuesday to help the latter in expanding its production capacity. NBP Risk Management Group Chief Javed Mahmood, and Pioneer Cement Managing Director Javed Ali Khan inked the accord on behalf of the NBP and the PCL, respectively. Under the agreement, the NBP has re-profiled the loans of the Pioneer Cement. The agreement, signed on the basis of an understanding reached last year to facilitate th... |
Prepayment for cement acceptable23 June 2005, Published under Cement NewsEurocement, a leading Russian cement producer, today declared a success its adoption in April of new sales terms intended to increase transparency, lower costs and eliminate non-essential intermediaries from the construction market. The changes, requiring prepayment for cement deliveries, appear to be gaining broad support within the construction industry, Eurocement said, citing a survey by the internet portal Beton.Ru showing just 27 per cent of respondents displaying anxiety about the impa... |
UEM may bail out of CIMA22 June 2005, Published under Cement NewsTHE UEM Group is believed to be reviewing its position in Cement Industries of Malaysia Bhd (CIMA) after the current price war has affected the bottomline of the latter, analysts covering the industry said. "The UEM Group is questioning the purpose of staying in the cement industry because the recent results have been poor and the returns on investment low," an analyst with a foreign stockbroker said. The UEM Group owns a 53.9 per cent stake in CIMA, the third largest cement producer in Ma... |
Cemex to shed 750 British jobs22 June 2005, Published under Cement NewsCemex is to cut 750 British jobs just three months after formally taking over RMC - the UK-based cement and rmc producer. The job losses represent about 10 per cent of RMC’s workforce and are mainly in middle management and IT. The UK losses are part of a wider cost-cutting programme by Cemex, which expects to shed about 2000 jobs in RMC across Europe. The company expects the restructuring to reduce costs by about US$360m by 2007. |
Lafarge starts construction on US$120m plant in Mexico22 June 2005, Published under Cement NewsLafarge has kicked off construction works on a new US$120m plant in northern Mexico’s Hidalgo state, local press reported. The company is looking to launch operations at the 600,000tpa grey cement plant by the end of this year, according to Lafarge Mexico head Máimo Dolman. This will be the company’s second plant in Mexico, where it currently operates a facility also located in Hidalgo state. With the new factory, Lafarge hopes to grow by five per cent this year. Lafarge currently pr... |
Construction begins on Cam Pha cement plant22 June 2005, Published under Cement NewsVinaconex officials and their partners push buttons to break the ground for the cement plant in Quang Ninh Province. The VND4.74 trillion (US$301.9m) Cam Pha Cement Plant, located in Cam Pha town, has an eventual design capacity of 2.3Mt of PCB40 cement and 1.89Mt of clinker per year. However, upon its intial operation, the plant will offer a grinding capacity of 690,000t of clinker, equivalent to 820,000t of cement a year. Vinaconex’s project also includes a 20ha grinding facility in My Xua... |
Cimpor Brazil increase21 June 2005, Published under Cement NewsCimpor Brasil, the Brazilian unit of Portugal’s cement producer Cimpor, is expected to register a 138 per cent YoY increase in its exports to African countries in 2005, it was reported on June 17, 2005. The total exports of the company are projected to round 200,000 tonnes in 2005. In comparison, Cimpor Brasil has an annual production capacity of 6.3Mt of cement. Cimpor Brasil exported some 58,000t of cement in the five-month period since the beginning of 2005, the Latin America News Di... |
Parliamentary committee discusses reasons behind cement shortage21 June 2005, Published under Cement NewsA parliamentary committee discussed here on Monday with the Director of the Amran Cement Factory Noman Dowaid the current cement shortage and reasons of the rise in prices of cement in the local market. Dowaid attributed the reason of the shortage to the mounting increase of demands on the cement, saying the local cement production covers only 43 per cent of the needs of the local markets. "The shortage is not only in Yemen, it is visible in other Arab countries," he told the committee... |
Cement prices likely to firm up in North India21 June 2005, Published under Cement NewsThe widening demand-supply gap is likely to result in a 4.5-5% increase in cement prices in North India this year, HDFC Securities has said in a report. The report titled ’Regional Cement Play focus North India’, has evaluated the market conditions prevailing in the cement sector taking into account the demand-supply situation. As per the report, while growth in the construction and infrastructural activities in the country has ushered in a fresh wave of consolidation in the industry, the de... |