Cement News tagged under: international
Grasim, ACC post higher December despatches04 January 2005, Published under Cement NewsAditya Birla group company Grasim has reported a 2.95 per cent rise in its domestic cement despatches at 1.141Mt for December 2004 over 1.108Mt in the same month last fiscal. Grasim’s cement production during the reporting month grew 3.06 per cent to 1.123Mt as against 1.089Mt during December 2003, the company said here in a release. Cement production for the period April-December 2004 rose by 5.35 per cent at 9.81Mt as against 9.31Mt during April-December 2003, it said. Domestic despatches ... |
French Lafarge buys Ecuador N0: 203 January 2005, Published under Cement NewsFrench building materials group Lafarge has bought up German holding company Finlatam V GmbH, owner of about 99 per cent in Ecuador’s second largest cement manufacturer Cementos Selva Alegre, for $130m, free of debt, the French group said on January 3, 2005. Cementos Selva Alegre, with a 20 per cent share in the Ecuadorean market, runs a cement plant with a 640,000tpa capacity, located some 110 km north of the capital Quito. With a population of nearly 13 million, Ecuador offers a gro... |
Construction set to begin on five projects in Vietnam03 January 2005, Published under Cement NewsText of report in English by Vietnamese news agency VNA web site. The following are five major projects, which will begin to be built in the country this year: The 2,400 MW Son La hydro-electric power plant will be built on the Da river in the northern mountainous province of Son La, at an estimated cost of US$2.6bn. Construction will start late this year and be completed before 2010. Site clearance for the project is under way. The construction of the second production line in ... |
First picture from devasted Andalas03 January 2005, Published under Cement NewsReports coming in from Indonesia’s Aceh province show evidence of the massive damage to the Lafarge Andalas plant on the west coast of Sumatera, less than 100km from the epicentre of the sub-sea earthquake. An aerial view of the factory site (just published in Indonesia’s Kompas newspaper) and housing complex confirms what we had been told that the worker housing, harbour buildings, oil tanks, packing plant, power station and of... |
Ciments Francais fails in Suez bid31 December 2004, Published under Cement NewsAt the end of the validity term of the Public Tender Offer for Suez Cement Company, Ciments Francais (Italcementi Group) which launched the bid with a consortium of international investors on 6 December 2004, has received an amount of just 3,733,788 shares, equal to 5.8 per cent of Suez Cement Company’s capital. In accordance with the rules governing the Offer, Ciments Francais has decided to acquire the shares brought into the bid and will buy this stake in Suez Cement for $48m, far below... |
Cement ship sunk in Aceh by tsunami31 December 2004, Published under Cement NewsAs reported earlier in the week, Samudera Shipping Line, Singapore, now confirms that one of its cement carriers capsized when tidal waves struck last Sunday and that ’only four crew members were rescued and the group is still in the process of locating the rest of the 19 crew members’. Samudera said that Sinar Andalas was in the port of Lhok Nga in Aceh, Indonesia, at the time. The company has sent an emergency team to the site to ’seek up-to-date and accurate information, investigate the ... |
Somoza family assures that Cemex will keep control31 December 2004, Published under Cement NewsThe Somoza dynasty, after celebrating a legal victory following a court ruled that Cemex must return the Nicaraguan cement company Compañía Nacional Productora de Cemento (Canal) to its owners, has now offered guarantees to the Mexican firm that won a 25-year contract to rent out Canal, beginning in 2000. Antonio Morgan, the legal representative of Isabel Ucruyo, president of Canal and the widow of one of Anastasio Somoza’s sons, offered Cemex legal guarantees so that it can continue to lea... |
Garadagh Cement produced 1.36Mt31 December 2004, Published under Cement NewsUwe Koehler, chairman of the board of Garadagh Cement, a Holcim subsidiary, informed Azer-press that the company produced 1.36Mt of cement this year some 398,000t higher than last year. The company had profits but the law prevents it from paying the dividends for this year. US$6.5m has been invested this year and US$26.8m during 1999-2004, which is 16.7 per cent more than Holcim undertook to invest when privatising the plant, Koehler stated. |
World Bank commits US$250m for tsunami-affected countries31 December 2004, Published under Cement NewsThe World Bank has announced it will make available US$250 million as its initial contribution for emergency reconstruction in the immediate aftermath of the tsunami disaster. This amount will cover the next six months while further financing for longer-term reconstruction needs is identified. The Executive Directors of the World Bank Group discussed today the tsunami crisis affecting Asia and eastern Africa. Bank management was requested to consider additional ways to further increase... |
Croatian Nexe gets control of port31 December 2004, Published under Cement NewsCroatian construction materials group Nexe said this week that it has gained control of a port on the Drava river and planned to build a concrete plant there. The group said in a statement it raised its stake in Luka Tranzit to 55.54 per cent from 36.28 per cent by buying equity from other shareholders but gave no details for the price of the deal. Luka Tranzit is located in the eastern town of Osijek on the river Drava just before it joins the Danube. Privately-owned Nexe group, fo... |