Cement News tagged under: international
Indian cement consumption up this year01 June 2005, Published under Cement NewsCement consumption in India recorded a 6 per cent increase during 2004-05 over the previous fiscal year. Cement consumption growth in Chhattisgarh stood at an impressive 45 per cent, followed by Bihar at 21 per cent while Jharkhand, Orissa, Haryana posted 14 per cent growth in the last fiscal, according to Cement Manufacturers Association’s latest updates. However, southern states like Andhra Pradesh, Tamil Nadu and Karnataka registered negative consumption growth. Kerala, in contrast, poste... |
Japan JV in Vietnam to double output31 May 2005, Published under Cement NewsTaiheiyo Cement Corp and Mitsubishi Materials Corp said Monday that their joint cement making unit in Vietnam will double its production capacity in order to meet growing demand amid the country’s sizzling economic development. The joint company, Nghi Son Cement Corp, will build a second production line, capable of producing 2.25Mt of cement a year, the two Japanese companies said. Once the second line goes on stream in 2008, Nghi Son’s annual output capacity will be raised from the curre... |
Italy approves Montalto takeover31 May 2005, Published under Cement NewsItaly’s Antitrust Authority has given a green light to the acquisition of 100 per cent of Italian cement maker Cementificio di Montalto by Italy’s largest cement producer Italcementi, it was reported on May 30, 2005. Italcementi took over Cementificio di Montalto from Cementilce, a Rome-based unit of Cemex SA. Italy’s Antitrust body said the operation does not represent an abuse of a dominant market position and does not threaten the competition. Cementificio di Montalto specialises i... |
Lafarge Malayan to fight pricing trends31 May 2005, Published under Cement NewsLafarge Malayan Cement Bhd, Malaysia’s largest cement producer, will not initiate a price war despite a fall in cement demand, although it will match competitors’ prices, the Star reported, quoting Lafarge Malayan president and chief executive officer Alain Crouy. “We will match the price of competitors to protect our market share,” he said. Crouy said Lafarge is the clear market leader with share of close to 40 per cent. ’Lafarge is here for the long term and we are confident the cons... |
Indocement to retain profit to repay debt31 May 2005, Published under Cement NewsCement maker PT Indocement Tunggal Prakarsa said it may not distribute dividends from last year’s profit as it gives priority to repaying debts. Company finance director Christian Kartawijata said the final decision, however, will be made in a shareholders meeting on June 16. Last time the company distributed dividends was in 1997. In the wake of the crisis, which badly hit the company, it was left with debt swelling to US$1.1bn. The company formerly owned by the Salim Group was put u... |
Semen Padang gets US$120m loan from Central Bank31 May 2005, Published under Cement NewsSemen Padang, a subsidiary of state-owned Semen Gresik, secured a loan of Rp190 billion (US$20m) from Bank Central Asia (BCA). Semen Gresik President Satriyo said the loan fund will be used to refinance a debt to state-owned Bank Mandiri and to strengthen its working capital. Satriyo said the loan from BCA is cheaper than the restructured debt of Semen Padang. The loan will be for three years carrying an annual interest rate of 11.5 per cent. Semen Padang also has Rp450 billion in debt to Sem... |
Mega projects in the pipeline31 May 2005, Published under Cement NewsIndian Finance Minister P Chidambaram on Thursday indicated that the Government, with the assistance of the Investment Commission, was actively pursuing the setting up of three mega infrastructure projects in the country involving billions of dollars in foreign direct investment (FDI). Simultaneously, it had drawn up plans for the launch of the third phase of the National Highways Development Programme (NHDP-III), envisaging a total investment of Rs. 50,000 crores, while embarking on major r... |
Povazska cementaren profit down31 May 2005, Published under Cement NewsSlovak cement maker Povazska cementaren made profit worth almost Sk177 million in 2004, a drop of five per cent on the year, Jozef Sutara, an assistant to Povazska CEO, told CTK today. Sales were flat year-on-year at Sk1.565 billion. The company produced over 750,000t of cement, of which more than half was exported above all to the Czech Republic and Germany. Povazska invested about Sk200 million last year, mainly in technologies and a switch to alternative power sources. It projects t... |
Kenyan cement sector up by 11.9 per cent31 May 2005, Published under Cement NewsKenyans completed new buildings worth Sh2.3 billion last year, adding a clean Sh1 billion to the 2003 figure. A major beneficiary of the virtually private-sector-driven boom was the cement manufacturing industry, which chalked up growth of 11.9 per cent. It is estimated that 1.4Mt of cement were consumed nationally over the period. The value of approved building plans rose from Sh22 billion to Sh35 billion. However, the sector was hampered by increases in costs, with the overall cost going up... |
Santa Cruz, La Paz drive Q1 cement production31 May 2005, Published under Cement NewsCement production in Bolivia in the first quarter grew 9.24 per cent to 308,973t compared to 1Q04, the country’s national statistics institute (INE) reported. The increase was due principally to higher production at plants in Santa Cruz and La Paz departments, which saw production grow 30.5 per cent to 57,318t and 7.44 per cent to 71,247t, respectively. In terms of overall production, Chuquisaca department led the country with 80,314t, up 4.72 per cent. |