Cement News tagged under: international
Uzbekistan excludes foreigners from sale12 April 2005, Published under Cement NewsThe government of Uzbekistan will not allow foreign investors to participate in the privatization of cement producer Kyzylkumtsement, the country’s biggest cement plant, a source in the State Property Committee told Interfax. The 30 per cent share package that had been reserved for sale to foreign investors will remain in state ownership, enabling the state to retain control over the plant, he said. Kyzylkumtsement will be the only remaining company in the cement industry controlled by... |
Attock Cement plans to raise output12 April 2005, Published under Cement NewsAttock Cement Ltd is planning to expand its existing plant by increasing output to 3000 tonnes per day, costing Rs 3.5 billion, with likely to commencing production from next year. This was stated by Chief Executive, Babar Bashir Nawaz at a financial close of the plant where consortium of banks, including Faysal Bank Ltd, Habib Bank Ltd, National Bank Ltd, KASB Bank and other financial institutions have planned to finance Rs 2.5 billion to the company’s expansion plan. Babar said that t... |
Camargo Correa resumes Loma Negra negotiations12 April 2005, Published under Cement NewsLoma Negra has resumed mergers negotiations with Camargo Correa that in 2004 made the best offer for its assets or US$1.0bn.The deal was nearly closed five months ago, and put on hold in the last minute due to discrepancies in the form payment. Loma Negra has 48 per cent of the Argentinean cement market and runs nine plants. |
Mykolaivtsement Reduces Cement Production12 April 2005, Published under Cement NewsIn March, the Mykolaivtsement company (Mykolaiv, Lviv region, Ukraine), a large producer of cement, reduced cement production by 16.7 per cent or 10,800t compared with March 2004, to 53,900t According to a company statement, in March the company increased clinker production by 32.1 per cent or 17,000t compared with March 2004, to 70,000t. In January-March 2005, the company increased cement production by 5.2 per cent or 6,700t compared with January-March 2004, to 136,200t. Mykolaivt... |
Lafarge prepared to cut cement prices11 April 2005, Published under Cement NewsLafarge Malayan Cement Bhd, says it is prepared to cut the selling price of its material to defend its turf as an industry price war escalates. Cement prices have recently tumbled, hit by slow demand from the construction industry, and this has forced producers to react. Lafarge Malayan Cement group president and chief executive officer Alain Crouy told Business Times that although the company prefers to compete on good customer service, it "will match lowered prices whenever necessary to ... |
Cement workers hurt in gas blast11 April 2005, Published under Cement NewsBlue Circle Southern Cement has been charged over an explosion which left two workers with serious burns. WorkSafe prosecutor Nicole Fauvrelle told Geelong Magistrates’ Court the employees suffered injuries when they were trying to determine the cause of a blockage to a pre-heater at the plant. Ms Fauvrelle said cement meal exploded out of a port hole the workers were not supposed to use to check blockages. The explosion happened in July, 2003. Two workers, believed to be aged in their 50... |
Azerbaijan is short of 1.1Mt of cement11 April 2005, Published under Cement NewsThe Ministry of Economic Development of Azerbaijan plans to provoke competition in production of cement due to the shortage of it in the country. Minister for Economic Development Farhad Aliyev informed Azer-press that the country needed approximately 2.5Mt tonnes of cement every year. This demand is met thanks to the local production as well as the imports. The prices are so high because but little cement is produced domestically. Now, this cannot suit us. We really need more producers and ... |
Cruz Azul to build US$307m plant in Puebla State, Mexico11 April 2005, Published under Cement NewsMexican cement maker Cruz Azul plans to invest $307m in a plant in the region of Palmar de Bravo and Tecamachalco, located east from the Mexican capital, in the state of Puebla.. The announcement was made by the governor of the state of Puebla, Mario Marin Torres. The plant will be built by Polysius, a subsidiary of the German construction and engineering group ThyssenKrupp, and is expected to start operating by the end of 2006. Cruz Azul expanded its capacity to 7.1Mt with its plant in ... |
Holcim Hungaria 2004 revenues11 April 2005, Published under Cement NewsCement manufacturer Holcim Hungaria Cementipari Rt posted a net revenue of HUF 28.4bn (US$148m) for 2004, company officials said. Holcim Hungaria sold 1.3Mt of cement and 676 cu m of concrete in 2004. The cement manufacturer recorded earnings before interest, tax, depreciation and amortisation (EBITDA) of over HUF 7.3bn (US$38m) last year. Holcim Hungaria officials said that cement imports from Ukraine and Slovakia upset the company’s competitiveness. |
Tanga Cement supports Zanzibar youth11 April 2005, Published under Cement NewsTanga Cement Company has donated 100t of cement for youth’s developmental projects in the Isles. Zanzibar First Lady Mama Shadya Karu me received the donation on behalf of Zanzibar Youth, Education, Environment, and Development Support Association (ZAYEDESA) this week, saying it would go along way in helping the poor. The donation brings to 300t of cement the group has received from the factory since 2003. According to Mama Karume, the cement will be used to put up schools, health centr... |