Cement News tagged under: international
Indian cement industry is sprucing up to meet domestic and global demand31 January 2005, Published under Cement NewsThe Indian cement industry is sprucing up to meet the increase in demand from both domestic and global markets. On the domestic front, the Government of India’s infrastructure projects, housing development and setting up of concrete highways and roads, are encouraging the cement industry. On the global front, the construction boom in the Middle-East and the stabilisation of international prices have increased exports. During Apr-Oct 2004, the Indian cement industry exported 2.3Mt of cemen... |
Siam City Cement aims 2005 domestic sales to rise 10%-11%31 January 2005, Published under Cement NewsSiam City Cement PCL Thailand’s second-largest cement producer, aims to increase its domestic cement sales this year by around 10%, a company executive said. "We target domestic sales growth of around 10%-11% to maintain our market share of 27%," said Chantana Sukumanont, the company’s executive vice president. Last year, its average production was more than 9Mt, including exports, she added. Thailand’s cement market this year will expand by around 12%-15% from 28Mt in 2004, than... |
Ilam Cement set to boost construction31 January 2005, Published under Cement NewsAccording to ‘Tehran Times’, the cement produced in the Ilam Cement Plant is to see a production increase by up to 1Mt within the next two years, noted the managing director of the plant, Morteza Lotfi. Referring to the economic problems in the province, he stated that the project would play an important role in the underprivileged province significantly. It would also reduce unemployment and alleviate deprivation in the area to some degrees. He added that upon completion, the plant woul... |
Lafarge bids for Himachal Unit31 January 2005, Published under Cement NewsLafarge has bid for the Government of Himachal Pradesh’s offer for setting up a 2Mt plant in the state. The plant is likely to be set up with an investment of Rs600 crore. Other companies to bid for the project include Ambuja Cements, Associated Cement Companies, Penna Cement and JK Cement. The project will exploit the limestone deposits in the Chopal region of Himachal Pradesh. |
Greek Titan Cement Buys Co on Zante Island31 January 2005, Published under Cement NewsGreek cement maker Titan Cement announced the buyout of concrete maker and trader Betokat, located on the Greek Ionian island of Zante. The buyout was carried out by Titan Cement’s building products manufacturing subsidiary, Interbeton Building Materials, for an undisclosed sum. Interbeton has around 24 concrete production units with annual sales exceeding 1.8 Mm3. The company also runs a total of 13 mines and quarries, generating sales of over 11.5Mta. |
Holcim Philippines relocates 36 families31 January 2005, Published under Cement NewsThirty-six families of the Angkalon Farmers Association residing at the quarry site of Holcim Philippines, Inc. (formerly Union Cement Corp.) in Lugait, Misamis Oriental, were relocated. After having endured the dangers of living within a quarry site and being uncompensated by previous owners of the property, the families now enjoy living in their own homes when Holcim Philippines facilitated their relocation in December last year. Under a memorandum of agreement, Holcim Philippi... |
Lafarge pushes cement sales ahead to 119.4Mt28 January 2005, Published under Cement NewsThe turnover at Lafarge rose by an underlying 7.7 per cent in 2004 to €14,436m, with cement accounting for €7,403m (51.3 per cent). Turnover in the cement division rose by 9.2 per cent, though the increase declined gradually through the year, from 12.9 per cent in the first quarter to 6.7 per cent in the final quarter. Cement shipments reached 119.4Mt, representing an 11.1 per cent increase in absolute terms, or 4.1 per cent on a comparative structure, of which 34.8Mt came from former Blue ... |
Cemex has not dropped arbitration option28 January 2005, Published under Cement NewsCemex SA has suspended temporarily but not withdrawn the arbitration case over a failed put option deal involving a 51 per cent stake in PT Semen Gresik, as ongoing negotiations with the Indonesian government seek to reach an agreement by February 28, State Enterprises Minister Sugiharto said. "We knew from the start that Cemex are not willing yet to withdraw the arbitration. But they have temporarily suspended the arbitration proceedings to show their good faith. The process is still far fro... |
PPC records R5.4m loss28 January 2005, Published under Cement NewsCement manufacturer Portland Holdings Limited (Porthold) in Zimbabwe, which had its results de-consolidated from parent company, Pretoria Portland Cement Company (PPC) last year, recorded a R5.4 million hyperinflationary loss in 2004. PPC said in its 2004 annual report that the results of Porthold remain de-consolidated from the group’s main accounts. The South African group said Porthold, whose operations have been suffering under government-imposed price controls, had suffered a R5.4... |
Takeover at Essa Cement28 January 2005, Published under Cement NewsA group of financiers and an industrialist have jointly took over Essa Cement Limited, by paying liabilities of the company against the majority shareholding. “We saw it as a good investment opportunity,” said Arif Habib, a stockbroker and former chairman of the Karachi Stock Exchange (KSE). “We think the company’s capacity was underutilised and its earnings can be improved with some efforts.” The enhanced construction activity and the estimates of further improvement in the country’s econo... |