Cement News tagged under: international
Eurocement Group posts cement output26 January 2005, Published under Cement NewsIn 2004 Russia’s Eurocement Group produced over 9.6Mt of cement in 2004, a 13 per cent increase against the figure posted in the same period of 2003, the company’s press-service reported. |
Topkinsky Cement to construct new clinker plant26 January 2005, Published under Cement NewsTopkinsky Cement, Russia, targets to construct a new clinker plant with an annual capacity of 500,000tpa on the basis of the Yashkinskoye deposit following acquisition of a license to develop the above-said field. Investments in the project are expected to be disclosed by Feb 15, 2005, Vedomosti reported. |
Cemex set to run new venture25 January 2005, Published under Cement NewsCemex is expected to take control of a new joint venture in Indonesia as part of the resolution to a long-running dispute with Jakarta that could be announced as early as today. The new government of President Susilo Bambang Yudhoyono has said it wants to solve high-profile disputes with foreign investors as soon as possible as part of its plans to woo foreign direct investment. Cemex owns a 25 per cent stake in state-owned Semen Gresik, Indonesia’s largest cement producer, and has long b... |
Semen Gresik 2004 cement sales25 January 2005, Published under Cement NewsPT Semen Gresik, Indonesia’s largest cement maker, said it sold 15.64Mt of cement in 2004, an increase of 11.5 per cent from 14.03Mt in 2003. It said domestic sales grew 11.9 per cent to 13.40Mt, while exports increased 8.7 per cent to 2.23Mt. Cement sales from its plants in Tuban, East Java, rose 8.0 per cent to 7.56Mt. Semen Gresik Unit PT Semen Tonasa, which is based in Makassar, South Sulawesi, sold 3.1Mt, up from 2.67Mt in 2003. Another unit, PT Semen Padang, which is located in Padang, ... |
ETA-ASCON consolidates Star Cement brand25 January 2005, Published under Cement NewsETA Ascon Group has consolidated their cement manufacturing capabilities under the brand name Star Cement. The latest move brings together manufacturing subsidiaries, Arabian Gulf Cement of Ajman and Hyundai Tiger Cement of Bahrain, under the Star Cement umbrella brand. Star Cement has majority control of five cement plants across the Middle East, Indian Sub Continent and North Africa regions. Speaking on the new brand composition, Mr. Ahmed Salahuddin, Business Development Manager, Star... |
HeidelbergCement looks for further cost-cutting25 January 2005, Published under Cement NewsGerman building materials group Heidelberg Cement AG is expected to make an effort to cut costs and clean up its balance sheet, following the appointment of supervisory board chairman Bernd Scheifele as CEO, industry sources said on January 20, 2005. Scheifele succeeds Hans Bauer, who resigned unexpectedly. Experts expect the new CEO to adopt a conservative accounting policy, as he did as chief executive of German pharmaceuticals wholesaler Phoenix Pharmahandel AG. Scheifele is consid... |
Holcim’s plans with planned acquisitions25 January 2005, Published under Cement NewsThe planned Indian joint venture with Gujarat Ambuja Cement will not only give Holcim a strong position on the Indian market, but also considerable increase the influence of the third largest Indian cement producer. But even if taken together the combined interests of Gujarat Ambuja Cement and Holcim would rank behind Grasim-Ultratech, albeit not by much. However, to conclude the proposed deal, has two regulatory hurdles the clear in India, in respect of which negotiations have yet to star... |
Lafarge Malayan to focus on organic growth24 January 2005, Published under Cement NewsLafarge Malayan Cement Bhd (LMC), the country’s largest cement maker, has put on hold all capacity expansion and acquisition plans and will focus instead on organic growth - preserving its competitiveness and improving efficiency. The present state of the domestic construction and cement industries does not make size and capacity expansions viable, LMC president and chief executive Alain Crouy told Business Times. "We want to boost our productivity without additional investments," he ... |
Gujurat Ambuja’s ACIL stake valuation24 January 2005, Published under Cement NewsGujarat Ambuja Cements (GACL) could make a lot of money if it ever chooses to sell its 33 per cent stake in Ambuja Cement India (ACIL), the holding company which owns a 13.3 per cent stake in ACC and a 94 per cent stake in Ambuja Eastern Cement. GACL’s 33 per cent stake is valued at just over $300m, according to industry sources. This would mean that ACIL is valued at $900m. When contacted by ET, GACL’s executive director, Anil Singhvi, confirmed the $300m figure, but said Ambuja had no ... |
Cement production down In December24 January 2005, Published under Cement NewsIn December, Ukrainian cement production fell by 8.5 per cent compared with December 2003, to 468,000t and compared to november 2004 figures, cement production fell by 33.4 per centor 235,000t compared with November. For 2004 as a whole, cement production rose by 19.3 per cent or 1,719,000t compared with 2003, to 10,635,000t. More than 15 enterprises produce cement in Ukraine, and their total annual capacity is more than 20Mt. |