Cement News tagged under: international
Workers killed in roof collapse31 May 2005, Published under Cement NewsAt least 12 people, including five women, were crushed to death and 20 injured when an under-construction roof, crumbled this afternoon in a cement factory in Dalmiapuram in neighbouring Perambalur district, India. Perambalur District Collector D Vivekanandan, told reporters, who visited the site immediately after the mishap, that while nine construction workers were killed on the spot, three succumbed to their injuries in a local private hospital later. The roof measuring 35 feet long... |
Romania watchdog fines cement companies27 May 2005, Published under Cement NewsRomania’s competition council fined the country’s main cement producers EUR28.5 million for allegedly fixing prices on the local market, the regulator said in a statement Thursday. The Romanian unit of France’s Lafarge SA, Lafarge Romcim, was fined EUR10.4m; Switzerland’s Holcim Romania, EUR8m; and Heidelbergcement AG (HEI.XE) unit, Carpatcement, EUR8.6m. The regulator said the three formed a cartel with the aim of imposing price levels on the local market between 2000 and 2004. Holcim Roman... |
INC seeks US$30m to boost capacity27 May 2005, Published under Cement NewsParaguay’s state-owned cement maker Industria Nacional del Cemento (INC) is seeking to invest US$30m to increase installed capacity, INC president Amílcar Troche announced. The move is to increase clinker and cement production in order to improve the company’s competitive strength, local daily Última Hora reported. To seek financing for the plan, Troche met the country’s vice-president Luis Castiglioni, who promised to look into the plan’s feasibility and to act as intermediary to the go... |
Bulgaria to resume gypsum sell-off27 May 2005, Published under Cement NewsThe Bulgarian Privatisation Agency should continue the cancelled competition for the sale of the country’s sole gypsum producer Gips, a five-member panel of the Supreme Administrative Court (SAC) decided as regards the company’s sell-off. In 2004 the sell-off agency invited a public competition to sell 99.52 per cent in Gips. The agency accepted offers by 1400 local time on September 20, 2004. Bulgarian bathroom and sanitary equipment maker Han Asparuh, Euro Mix Bulgaria and Turkish firm AB... |
Lafarge repeats 2005 profit growth target26 May 2005, Published under Cement NewsLafarge reiterated on Wednesday that it expected six to eight per cent growth in operating income in 2005, excluding the effect of currency swings, acquisitions and disposals. "Despite the strong increase in the costs of factors, both performance management and the overall favourable pricing environment enable us to confirm that we expect a six to eight per cent like-for-like growth of our operating income on ordinary activities for 2005," CEO Bernard Kasriel told shareholders. Lafarge... |
Cement shortages still a problem in Miami26 May 2005, Published under Cement NewsRising steel costs, low supplies of cement and a shortage of workers still may be delaying construction schedules in Miami-Dade County. One industry executive said last week that a lack of cement could postpone some projects up to 60 days. "Scarcity of cement can be an issue," said Luis Garcia, president of Adonel Concrete. "In 2004, we had a shortage and many constructions on Brickell Avenue and in Miami Beach stopped completely." Mr. Garcia said one of the reasons for the lack cement i... |
Taiwanese cement makers expand in China26 May 2005, Published under Cement NewsDespite sharp declines in the prices of cement and premixed concrete in mainland China, Taiwanese cement makers operating production facilities there are ambitiously expanding production capacity in a bid to boost profitability. The decline in the prices of cement and premixed concrete in the mainland has reportedly pushed the average gross profit margin of domestic cement firms down to between 25 per cent and 30 per cent at the end of last year from 40 per cent. Due to the implementat... |
China’s Anhui Conch units to acquire more capacity26 May 2005, Published under Cement NewsAnhui Conch Cement Co Ltd, one of China’s leading cement producers, said its board has approved a proposal allowing two units to acquire assets in two joint ventures in the southwestern province of Guangxi for 539.7 mln yuan. One of Anhui Conch’s units, Xingye Kuiyang Conch Cement Co Ltd, will pay 267.07 mln yuan (approx US$32m) to buy assets from Guangxi Xingye Conch Cement Co Ltd -- one of the joint ventures. The other unit, Fusui Xinning Conch Cement Co Ltd, will pay 272.66 mln yuan... |
Cemex no comment on Gresik25 May 2005, Published under Cement NewsCemex declined to comment Wednesday on a senior Indonesian government minister’s assertion that the Mexican cement producer agreed to sell its stake in state-owned Semen Gresik. Cemex’s top executive in Indonesia, Francisco Noriega, declined to confirm or deny the assertion made late Monday by Indonesia’s Coordinating Minister for the Economy, Aburizal Bakrie. "Ask the minister," Noriega told Dow Jones Newswires, without elaborating. Bakrie told a press briefing Monday that Cemex, whic... |
Siam Cement approves plant investment25 May 2005, Published under Cement NewsIndustrial conglomerate Siam Cement PCL said Wednesday its board has approved a plan to invest THB3.2 billion in a new integrated cement plant in Cambodia. Siam Cement will hold a 90 per cent stake in the venture, while Khaou Chuly Group, a Cambodian investor, will hold the remainder, Siam Cement said in a statement to the Stock Exchange of Thailand. The cement plant is expected to commence operations by 2008 with an annual production capacity of 850,000t the statement said. |