Cement News tagged under: international
Indocement to increase prices04 April 2005, Published under Cement NewsDue to the surging prices of coal and fuel, the country’s second-largest cement producer PT Indocement Tunggal Prakarsa plans to increase the price of cement by up to 15 per cent this year. "An increase in the price of coal and other fuels used in production forces us to raise cement prices by 10 to 15 percent on average," said Indocement finance director Christian Kartawijaya, adding that the cost of energy accounted for almost 50 per cent of the company’s production costs. Global c... |
Indian capacity utilisation increases04 April 2005, Published under Cement NewsMost cement plants in India have witnessed high levels of capacity utilisation, with over 66 pwer cent of the plants operating at more than 75 per cent capacity between April 2004 and February 2005. Moreover, over 33 per cent of the cement plants were operating at over 100 per cent capacity during the above period, according to the data released by Cement Manufacturers’ Association (CMA). The burgeoning cement demand in the country over the past few months is being seen as a primary reason b... |
Pakistan’s Mustehkam Cement for sale04 April 2005, Published under Cement NewsThe Privatization Commission (PC) has invited Expression of Interest from prospective investors and business houses to privatize Mustehkam Cement Limited (MCL) through the sale of 85.29 per cent shares held by the holding company SCCP. MCL is a public limited company listed on the stock exchange. The original unit commenced its production in 1966, while the new unit started commercial production in 1981, says a press note issued here Friday. The company produced Portland cement and its plant ... |
Melon to present cement plant project to Conama04 April 2005, Published under Cement NewsChilean cement company Empresas Melon aims to submit the EIS for a US$20m cement grinding plant to national environment authority Conama by April 15, a company spokesperson told BNamericas. The plant would be built in southern Region X capital Puerto Montt, and have a 300,000tpa capacity. Once approved, the plant could begin operations in the first half of 2007. Puerto Montt was selected due to the area’s growth, said the spokesperson, adding that the new plant would allow the company’s cur... |
Cimpor To Buy Cape Verde Cement04 April 2005, Published under Cement NewsCimpor said Friday it has formalised the acquisition of the entire share capital of Nordicave Trading Industrial, Lda., which sole asset is a participation of 86.65 per cent in Cimentos de Cabo Verde, SARL. The price of the acquisition was not provided. The activity of CCV consists in importing and distributing cement in Cape Verde. It owns a bulk terminal and a packing facility on the Santiago island, located in the port of Praia. In 2004, its sales volume reached 110,000t of cement... |
Russia’s Inteko sells cement assets for US$800m01 April 2005, Published under Cement NewsElena Baturina, billionaire wife of Moscow Mayor Yuri Luzhkov, has reportedly sold the cement assets under her control for US$800m, the newspaper Vedomosti reported Friday. ZAO Inteko, the holding company through which Baturina controls most of her construction-related business, had majority stakes in five cement factories and minority stakes in another two, Vedomosti said. The buyer is Eurocement, the country’s largest cement-maker, owned by financier Filaret Galchov. The deal is like... |
Cemex Closes US$389.5m deal with Votorantim01 April 2005, Published under Cement NewsCemex has closed a US$389.5 m deal with Brazilian industrial conglomerate Votorantim Participacoes to sell assets in the USA, Cemex said on March 31, 2005. Cemex has sold the cement plants Charlevoix and Dixon-Marquetteand, and a number of distribution terminals in the Great Lakes Region, northern USA. Each of the two plants has a capacity to produce 2Mt of cement annually. The plants accounted for 9.0 per cent of Cemex operating cash flow in the USA. Cemex will keep its distribution termina... |
Jakarta stalls once again in dispute resolution01 April 2005, Published under Cement NewsSoon after it took office last October the government of President Susilo Bambang Yudhoyono pledged to move quickly to resolve three high-profile disputes with foreign investors that for years had proved poisonous to Indonesia’s investment climate. "Indonesia now is a new Indonesia," the incoming chief economics minister, Aburizal Bakrie, declared after a few weeks on the job. "We are not going to make policies which are anti-business." A long-running fight with Cemex, the Mexican ceme... |
SCC: 1H05 earnings remaining solid01 April 2005, Published under Cement NewsSiam Cement (SCC)’s management expects domestic cement sales volume to expand more than 10 per cent YoY in 1Q05, while the company target sales growth for 2005 domestic cement to be around 8-10 per cent, against growth forecast of 10 per cent. In addition, SCC expects sales of ready-mixed concrete in 2005 to expand by 25 per cent YoY. SCC targeted export cement volume of 7Mt for 2005, up 16 per cent from 2004’s 6Mt. Average domestic cement prices stayed at Bt1,600 and Bt1,700 per ton i... |
More coal supplies to cement sector01 April 2005, Published under Cement NewsIndian power and cement sectors including captive power plants have been allocated 87Mt of coal for the first quarter of 2005-06. The minister of state for coal and mines, Dasari Narayana Rao on Thursday approved the recommendations of the Standing Linkage Committee, an inter-ministerial body in the department of coal which considers coal demand from various sectors. The power sector has been given a linkage of 75.15Mt, while the cement sector 4Mt in the first quarter of the next fiscal. In v... |