Cement News tagged under: international
Siam City Cement outlook firm16 February 2005, Published under Cement NewsSiam City Cement PCL Thailand’s second-biggest cement maker, reported a better-than-expected 2004 net profit on Wednesday, driven by strong cement sales. The firm expected Thai cement demand to grow 11-15 per cent to 28-29Mt this year on public infrastructure spending and its cement sales would rise at least 11 per cent this year, Managing Director Leo Mittelholzer told a news conference. Government spending on infrastructure, including transport projects and the expansion of power capacity... |
Turkish GAP Insaat Opens $160m cement plant in Turkmenistan16 February 2005, Published under Cement NewsTurkish construction company GAP Insaat, part of industrial group Calik Holding, opened a $160m factory in Turkmenistan, it was reported on February 14, 2005. The cement factory has an annual capacity of one million tonnes and will employ 585. The plant is expected to meet the demands of the local market, where the annual cement imports stand at 1.5Mt. Turkmen president Saparmurat Niyazov, known as Saparmurat Turkmenbashi, attended the opening ceremony of the cement plant. After the ope... |
Good times for the Indian cement sector16 February 2005, Published under Cement NewsThe good times are here for the cement sector. There is already a strong surge in demand, coupled with robust prices - and the industry expects finance minister P Chidambaram’s budget to provide the next big push that will boost infrastructure, which is expected to further pep up demand (reports The Times of India). Industry insiders say that the demand upsurge, which has been particularly strong since late last year, is largely a result of robust housing demand, with little contribution... |
Mexico’s Cemex sets March 1 date for British buyout16 February 2005, Published under Cement NewsMexico’s Cemex, the world’s No. 3 cement maker, said on Tuesday it expects to conclude its $4.2bn cash acquisition of Britain’s RMC Group on March 1 after winning regulatory clearance from in the United States and Europe. Cemex expects to see its sales double in the acquisition, the biggest ever by a Mexican company. Including debt, the deal is worth $5.8bn. Buying RMC, the world’s biggest maker of ready mix concrete, will also give Cemex a significantly bigger business base in Europe,... |
Holcim deal encourages Italcementi to expand in India15 February 2005, Published under Cement NewsThe proposed Holcim acquisition of ACC has increased the appetite of other global majors in the Indian cement sector. Italcementi, world’s fifth largest cement producer is on the prowl in India. The Italian majorwhich entered India five years back by striking an equal equity joint venture with KK Birla Group and followed it up by acquiring Sri Vishnu Cement a year later- is looking to expand both organically and inorganically through its existing JV in the country. In an exclusive inte... |
Albania Grants BOO Concession15 February 2005, Published under Cement NewsAlbania’s government has awarded a concession to the country’s leading cement producer Fushe Kruje to build a $130m production line that woud enable the plant to cease its imports of clinker. The cabinet’s press office said in a statement the government decided late on Friday to award the build-own-operate (BOO) concession for the private investment project of the Fushe Kruje cement factory in western Albania. The factory would build a dry process cement line with 1.3Mta annual capacit... |
Govt must talk to stakeholders on Semen Gresik case15 February 2005, Published under Cement NewsThe management of publicly listed state-owned cement producer Semen Gresik is caught in the middle of a fight between its major shareholders, the government and Cemex SA. The Jakarta Post interviewed Semen Gresik president director Satriyo last week about the company’s efforts in managing its operation amid the conflict. Question: How is the dispute between the government and Cemex affecting Semen Gresik operations? Answer: I am not denying the fact that the concentration of a human... |
Lots of projects but little action15 February 2005, Published under Cement NewsThe Indonesian government has issued licenses for 17 new cement projects but none of the projects has been implemented despite an expected shortage in cement supply. Industry Minister Andung A. Nitimihardja told legislators in a working meeting on Monday only four of the projects are expected to be implemented as scheduled, each with a capacity of 1.5Mta despite rapidly growing demand. Andung said in 2004 the country’s cement consumption rose 9 per cent to 30.1Mt, with annual growth expe... |
OCI to invest in new 2.5Mt greenfield cement plant14 February 2005, Published under Cement NewsOrascom Construction Industries (OCI) Egypt announced that an OCI/Faruk Rasool Group/Blair Sayed Magid consortium has obtained regulatory approvals for the construction of a new greenfield cement plant in the Bazian area of Kurdistan with a total production capacity of 2.5Mta. Total investment cost is estimated at US$300m. Construction of the plant is scheduled to begin during the second quarter of 2005 with a target completion period of 26 months. Currently, an OCI/Faruk Rasool Group c... |
Obasanjo restates commitment to privatisation14 February 2005, Published under Cement NewsNigerian president Olusegun Obasanjo has expressed his administration’s commitment to it’s Privatisation Policy saying a private sector-driven economy is the only solution to Nigeria’s economic problems. President Obasanjo who made this remark Wednesday during his facility tour of Obajana Cement factory in Kogi State noted that no nation can grow economically without the private sector assuming a leading role and therefore enjoined Nigerian industrialists to take advantage of the privatisat... |