Cement News tagged under: international
Loma Negra sale delayed13 January 2005, Published under Cement NewsThe sale of Loma Negra, Argentina’s largest cement company, to Camargo Correa, the Brazilian holding company, has been delayed because of disagreements over the company’s price. According to Valor, the Brazilian daily newspaper, Loma Negra’s owner Amalia Lacroze de Fortabat raised the asking price for the company from US$1bn to Pesos$1.2bn. The new price was found too high by Camargo Correa. According to market analysts, Loma Negra’s market value stands at less than US$700m. |
Vietnam’s continuing project work13 January 2005, Published under Cement NewsVietnam embarked on 20 cement projects last year with the total investment capital of over VND4 trillion ($255.3m). Vietnam Cement Corp started 11 cement production projects last year, of which, Tam Diep Cement Plant with total investment capital of VND485 billion ($30.9m) and an annual capacity of 1.4Mt was put into operation. The corporation also invested VND938 billion ($59.75m) in 2004 in building the Haiphong Cement Plant, which is scheduled for completion in December 2005. Song Gianh C... |
Taiwan Cement’s output to hit 10-year high13 January 2005, Published under Cement NewsThanks to the recovery of the domestic real estate market and the hike of prices of exports to America and Africa, Taiwan Cement Corp., Taiwan’s leading cement manufacturer, has decided to expand its output to 10.6Mt this year, up 8 per cent from last year and the highest in 10 years. A senior company official noted that indicated that expanded sales of cement products have helped the firm lower cost and boost gross profits. The price of cement has stayed at NT$2,250 (US$66.18) per ton in t... |
Holcim about to launch Aggregate bid12 January 2005, Published under Cement NewsThe board of Aggregate Industries has stated that is likely to recommend a 138 pence per share offer from Holcim, which would value the group at around GBP1800m (€2,550m). As Aggregate Industries does not have any cement manufacturing interests, downstream operations in the United States, where Aggregate Industries is an important Holcim customer, appears to be the main factor behind the bid approach. To date, Holcim’s downstream operations in North America have principally been concentrate... |
Semen Gresik expects substantial rise in profits12 January 2005, Published under Cement NewsPT Semen Gresik was estimated profits to surge by 31.98 per cent to Rp500 billion (US$55.55m) in 2004, its Finance Director Cholil Hasan said. Hasan attributed the increase to growing demand for cement on the domestic market in 2004. He said its net income was estimated to reach Rp4.9 trillion down from Rp5.4 trillion in the previous year. He also noted the company’s cement exports totaled 1.5Mt in 2004, up from 1.25Mt from the previous year. "We set the target of cement production o... |
Statistics from the Ukraine12 January 2005, Published under Cement NewsIn October-December 2004, the Baltsem plant (Balakliia, Kharkiv region), one of the three major cement producers in Ukraine, reduced production of cement by 6.7 per cent or 20,500t compared with the same period of 2003, to 284,900t, and increased production of clinker by 10.6 per cent or 27,800 tons to 289,200t. In 2004, the enterprise produced 1.753Mt of cement and 1.314Mt of clinker. Podilskyi Tsement increased cement production by 72,000t or 25.4 per cent to 355,000t in the Octobe... |
Cost issues for Indian producers12 January 2005, Published under Cement NewsHistorically, the fragmented structure of the Indian cement industry coupled with a surplus position and rising costs had resulted in pressures on margins of the cement majors. However, increasing consolidation and relatively better demand-supply position have resulted in firm prices during the last several months. However, cement is a heavily taxed commodity and the tax incidence is almost 30 per cent of the sales realisation. Rise in external cost elements, primarily power and freigh... |
China Resources records sales jump11 January 2005, Published under Cement NewsChina Resources Cement Holdings saw sales increase at least 20 per cent last year despite anti-inflation measures by the mainland government, according to vice-chairman and general manager Shi Shanbo. Based in southern China, the cement maker sold 3.45Mt of cement last year, a 20 per cent rise from 2003, whereas sales of concrete jumped 27 per cent to 1.47 million cubic metres. Fuelling the demand for the building materials was an estimated 24 per cent increase in fixed asset investm... |
French leave11 January 2005, Published under Cement NewsThe modestly sized Mediterranean port of Nice is the second largest cement port in France, behind Le Havre. In 2003, the amount of cement handled was 326,000t, a four per cent increase over 2002 and compares with an all time record of 348,000t in 1998. The cement handled comes from works in south-eastern France owned by Lafarge and Vicat. Of the cement handled in 2003, 144,000t went to Corsica where Société Méditetranénne de Cabotage’s Capo Nero (2780dwt) makes two trips per week, and 182,... |
Polysius wins US$308m cement plant bid11 January 2005, Published under Cement NewsCynce de Oriente, a 100 per cent owned unit of Mexican cement maker La Cruz Azul, has awarded a Euro 235m contract to Germany’s Polysius to build a cement plant in Palmeritos, in the central Mexican state of Puebla. The 3000tpd-capacity plant is slated to start operations in November 2006. This turnkey order is one of the largest received in the history of Polysius AG. The plant consists of high-tech components from the raw material quarry right up to the cement loading system, including ... |