Cement News tagged under: international
Holcim secures majority participation in Cemento de El Salvador22 December 2004, Published under Cement NewsHolcim has held a 20.3 per cent participation in Cemento de El Salvador, S.A. de C.V. (CESSA) El Salvador since 1998. CESSA is a leading cement manufacturer in Central America. In El Salvador, Holcim has presented a buyout offer to all shareholders. At the same time, Holcim has announced that it has received a firm commitment from several shareholder groups that it can acquire share packages totaling about 30 per cent, thus securing a majority interest. This acquisition represents an inves... |
Salonit Anhovo profits to rise22 December 2004, Published under Cement NewsCement manufacturer Salonit Anhovo, Slovenia, expects to generate SIT 12bn (EUR 50m) in sales revenue this year. While the figure is somewhat lower than SIT 12.3bn (EUR 51.3m) posted last year, net profits are expected to more than double, amounting to between SIT 2.5bn (EUR 10.4m) and SIT 3bn (EUR 12.5m). "It has been a successful year for Salonit Anhovo, as we have met all the targets, both in terms of performance and investment," management board chair Joze Funda told the press on Mond... |
Government urges Semen Gresik to build new plant22 December 2004, Published under Cement NewsThe Indonesian Government is urging the management of PT Semen Gresik Tbk to develop new cement plant as an option to conclude the dispute with Cemex Asia. "Everyone can develop cement processing plant. But we urge Semen Gresik to develop new cement plant so that it will be able to supply the demand of 2007. But for the clearer information, please ask directly to State Minister of State Owned Enterprise Sugiharto," Industry Minister Andung A. Nitimihardja told Bisnis Indonesia after the ... |
Cement demand growing strong, Thailand22 December 2004, Published under Cement NewsFor the first ten months of this year, Thai cement consumption expanded 13.9 per cent from the same period as last year. Cement sales for the rest of this year are expected to expand at double digit growth, resulting in this year’s growth of at least 12 per cent compared with the industry’s forecast of 8-10 per cent. Strong domestic cement consumption will be positive to cement producers. The country’s construction expenditures dropped by half to only Bt418bn in 2000 from Bt911bn in 1996... |
Obajana Cement to start-up shortly22 December 2004, Published under Cement NewsOba-jana Cement Company, located in Kogi State, is to commence production of pure cement in May 2005. Alhaji Usman Jibrin Mai,General Manager, Special Duties, who disclosed this to reporters on assessment visit to the company at the weekend, said the first stage of the project would be test-run on December 31. The company with capacity to produce over 100 million bags of cement yearly has Dangote Industries Limited as its core investor. Over 500 trucks will load cement out of the fa... |
Thai TPI Polene sees 2004 revenues up22 December 2004, Published under Cement NewsTPI Polene PCL, Thailand’s number three cement maker, said on Tuesday it expects 2004 revenues to rise 15.8 per cent due to higher sales of cement and plastic pellets. The company also forecast 2005 sales growth of at least 10 per cent as domestic demand for cement remained strong, senior vice president Prasert Ittimakin told reporters. "Our revenues will be about 22 billion baht this year from about 19 billion baht last year," Prasert said, referring to 2005 revenues of the equivalent of... |
Oysa Cimento completes its investment , Turkey22 December 2004, Published under Cement NewsTurkish cement company Oysa Cimento announced that its new grinding facility at the Iskenderun factory became operational as of Dec 20. With the investment, the factory’s grinding capacity in slag cement increased to 110tph from the previous 51.5tph. Oysa Cimento spent around TRL14tn for the investment. |
Attock cement, Best Way to set up further plants22 December 2004, Published under Cement NewsAttock Cement and Best Way Cement companies each have announced to set up one another plant. Attock Cement would set up the plant in Hub, an industrial area of Balochistan, with an estimated cost of US$60m. Its present producing capacity is 2400tpd, which was meeting the 25 per cent requirements of Sindh and Balochistan and 6 per cent of entire country. The construction of a new plant, having producing capacity of 3300tpd, was started on Tuesday and it would start production in 2007. Best... |
Hanil sells Indonesian subsidiary22 December 2004, Published under Cement NewsHanil Cement Co, a South Korean cement manufacturer, said Wednesday it has sold its Indonesian steelmaking subsidiary to a Chinese company for US$3m. Hanil Cement didn’t disclose the name of the buyer, but said it is a Chinese company operating in the Southeast Asian country. Established in 1974, Hanil Jaya has been struggling to survive since a financial crisis swept through Asia in 1997-98, Hanil Cement said. Hanil Cement, which has an annual capacity of 7.15Mt, posted 617 bill... |
Cement cartel under threat21 December 2004, Published under Cement NewsThe strong cartel operating in Pakistani’s cement industry was saved Thursday from a break-up by last minute intervention on the part of the big players, industry sources said. The cartel had been threatened early in the day following a dispute that erupted on Wednesday between the Pakistan Cement Manufacturers Association and Lucky Cement, a major player in the Northern region. Lucky Cement, which had been operating at 80 per cent capacity utilisation last year, had gradually increased... |