Cement News tagged under: international
Gresik sees market share concerns, Indonesia07 February 2005, Published under Cement NewsPT Semen Gresik, Indonesia’s largest cement maker, expects its market share to fall below 40 per cent in the next two years, from the current 45 per cent, unless the company raises its production capacity, company president Satriyo said. "If we do not increase capacity, in the next two years our market share will drop below 40 per cent," Satriyo told the Lower House of Parliament (DPR)’s Commission VI. He said cement demand is expected to grow by eight pct this year but Semen Gresik’s ma... |
OCI invests in new capacity, Iraq07 February 2005, Published under Cement NewsOrascom Construction Industries announced that an OCI / Faruk Rasool Group / Dler Sayed Maged 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. Construction of the plant is scheduled to begin during the second quarter 2005 with a target completion period of 26 months. Total investment for the new plant is estimated at US$300m. Presently, an OCI / Faruk R... |
Siam Cement reports operating results for full year 2004, Thailand07 February 2005, Published under Cement NewsThe Siam Cement Group (SCG) announced record operating performance for financial year 2004, citing strong performance in most of the strategic business units, particularly in the Petrochemicals Business. Mr. Chumpol NaLamlieng, President of The Siam Cement Public Company Limited (SCC), disclosed the unaudited consolidated financial statements for SCC and subsidiaries for the fiscal year 2004 which showed total sales of THB192,395m, representing a 29 per cent increase. Moreover, the opera... |
Votorantim and Camargo Correa on the acquisition trail07 February 2005, Published under Cement NewsThe Brazilian industrial group Votorantim, owned by the family Erminio de Moraes, is betting on new acquisitions after taking over new assets in Brazil, North America and Peru in 2004 with R$4bn investments. The company increased net income by 18% to R$15.95bn in 2004 over 2003 and acquired two cement plants in the US. Through the division Votorantim Industrial, it is seeking a cement businesses in India, as well as aluminum and paper & woodpulp businesses in Brazil. In the cement area, V... |
Cement majors post higher shipments, India07 February 2005, Published under Cement NewsMajor cement companies in India have recorded higher sales in Jan 2005. The Ambuja group has recorded a growth of eight per cent at 12.57 lakh tonnes. The group has recorded a growth of five per cent in production of 12.52 lakh tonnes during the month. Associated Cement Companies (ACC) has recorded a growth of 7.6 per cent in dispatches of 15.05 lakh tonnes. The company has recorded a growth of 5.2 per cent in production of 14.94 lakh tonnes in Jan 2005. The Aditya Birla group has recorded a... |
ENCI threatened with strikes , The Netherlands07 February 2005, Published under Cement NewsDutch cement factory ENCI is threatened with strikes if the deliberations between trade unions and the company’s management about the announced restructuring have a negative outcome. ENCI wants to close its stone oven in Maastricht, southern Netherlands, where a half-product of marl is being produced under high temperatures, and to cease marl extraction. As a result 220 jobs will be cut in Maastricht and 50 at branches in Rotterdam, Den Bosch and IJmuiden. According to an external consult... |
Staggering prices derail construction projects, Brunei07 February 2005, Published under Cement NewsThe price of cement is reaching phenomenal heights, with the construction industry here feeling the pinch with a shortage. Construction work has been delayed and, in some cases, left half done. Last year, the industry suffered from an increase in steel prices as well. Several disgruntled consumers including contractors expressed great dissatisfaction. Ardi Wijaya, the General Manager of Butra Heidelbergerment Sdn Bhd, the sole producer of cement in Brunei said recently that the price o... |
Shree hopes for 8-9 per cent growth, India07 February 2005, Published under Cement NewsShree Cement hopes to log a growth of 8-9% for the whole year. The company is bullish about the industry’s prospects and expects to outperform it. HM Bangur, MD of Shree Cement thinks that the capital formation and construction cycle is on an uptrend, and says, "All over India, the construction activity is at very high. All capital formation is at the peak, and cement being basic raw material, we think that the uptrend will last for three to five years." Looking forward to a successful ye... |
Cement production to climb, Iran07 February 2005, Published under Cement NewsMinister of Industries and Mines Es’haq Jahangiri said that Iran’s cement production capacity will rise to more than 70Mt by 2010 which is the final year of the fourth five-year economic development plan (2005-10). Jahangiri said at a ceremony to launch the implementation of a cement project in this southeastern Iranian provincial city, that Iran’s current cement production capacity stands at 32Mt. Iran’s common borders with Afghanistan and Iraq provides a suitable chance for setting... |
Lafarge Cement Pleads for Deported Chilanga Boss, Zambia07 February 2005, Published under Cement NewsLafarge Cement regional president Africa Tony Hadley presented the deportation case of Chilanga Cement Plc managing director Ian Coulter to President Mwanawasa for his consideration. Lafarge Cement is the major shareholder in Chilanga Cement Plc and was headed by Mr Coulter before the then Home Affairs minister Ronnie Shikapwasha deported him last year in November. Lieutenant-General Shikapwasha deported Mr Coulter, a Zimbabwean, on grounds that he posed a danger to the peace and g... |