Cement News tagged under: international
Malaysia’s MP Tech buys 10% of cement maker Hongkew; in JV to build plant09 December 2004, Published under Cement NewsPlastic products maker MP Technology Resources Bhd said it has agreed to buy a 10 pct stake in Hongkew Holdings Sdn Bhd for 20m rgt cash and also team up with the unit to build jointly a cement plant in Gua Musang in Kelantan state. Hongkew is the owner of the 35 per cent completed cement plant. In a statement, MP said the company and Hongkew will form a 40:60 joint venture firm, to be called SG Eastern Holdings Sdn Bhd (SGEH), to develop and run the plant. ... |
Cement production up 12.73% in Jan-Oct, Bolivia09 December 2004, Published under Cement NewsBetween January and October Bolivia’s cement output went up 12.73% compared to the same months last year. The rise is due to the growth in production at cement plants from the Departments of Cochabamba and Chuquisaca. Until October Cochabamba’s production increased 25.4% compared to the same period of 2003, totaling a volume of 225,773 tonnes. Cement production in Chuquisaca rose 15.27%, as published by Los Tiempos newspaper. |
Egypt to set up cement plant in New Valley09 December 2004, Published under Cement NewsEgypt’s General Authority for Investment & Free Zones (GAFI) has reportedly approved the setting up of a new cement company in the New Valley governorate, southwestern Egypt. The new company will have an authorised capital of E£40m (US$6.4m), while its issued capital will be E£10m (US$1.6m). Investment will be E£20m (US$3.2m) of which E£10m will be provided through loans from banks. The governor of New Valley, Abu Bakr Rashidi, is currently evaluating potential locations for the new ... |
’Indonesia Must Retain Majority Stakes in Semen Gresik’08 December 2004, Published under Cement NewsState Minister for State Enterprises Sugiharto and the House of Representatives Commission VI have agreed to retain the government’s 51 percent stake in publicly listed PT Semen Gresik. Foreign control over Semen Gresik is feared to give rooms for the emergence of a cement cartel that will play around with cement price. "The government is not going to dispose its 51 percent stake in Semen Gresik (SG) and we will fight hard in the arbitrage process against. We will also engage in ... |
Steep cement price hike threaten construction, Kerala08 December 2004, Published under Cement NewsConstruction companies in Kerala have been hit by the sharp rise in the prices of cement and steel. The shortage of river sand, which is extensively used in the State, has further added to the problems. The cement prices have gone up by Rs25-30 per bag to Rs155-165. Except for Malabar Cements, a state-owned company, almost all companies have raised their prices. The busy construction season resulting in heavy demand for cement, 15 percent sales tax and 15 percent additional sales tax are sai... |
Akcansa to bid for Rumeli cement factories if terms favourable, Turkey08 December 2004, Published under Cement NewsIn a statement sent to ISE, cement producer Akcansa officially announced that it would bid for Rumeli Group’s cement factories if the terms were favourable. The cement factories are offered for sale by Saving Deposit and Insurance Fund. |
Nevyanskiy Tsementnik output, Russia08 December 2004, Published under Cement NewsIn Jan-Nov 2004 overall output of Nevyanskiy Tsementnik was 1.04Mt a 18.6 per cent increase against the figure posted in January-November 2003. In particular, in Jan-Nov 2004 the company produced 930,000t of cement, up 24.4 per cent against the figure posted in Jan-Nov 2003, the company reported |
Raysut proposes capital hike, Oman08 December 2004, Published under Cement NewsOman’s cement producer Raysut Cement Company has proposed to raise its capital to OMR20m (US$52m) from OMR15m (US$38.9m). The capital hike will be carried out through a rights issue of 5M shares at 3.0 rials per share. The proposal is subject to approval by the company’s forthcoming extraordinary shareholders’ meeting. The company plans to use the money raised through the rights issue to strengthen its financial position and to fund its future investment projects. Among the futu... |
Taiwan Cement surpasses full year target08 December 2004, Published under Cement NewsTaiwan Cement , the island’s old brand name cement plant and the cement production arm of the famous Hosing Koo’s conglomerate, announced that its revenue in the first ten month had surpassed NT$22 billion with the profits in the first three quarters reaching already the whole year target. The company recently completed its second jointly-venture case with mainland top cement producer Anhui Conch Cement Company to tap mainland China market. |
Cement sales seen at 11.3Mt in 2004, Poland07 December 2004, Published under Cement NewsCement sales in Poland are expected to increase by 2-3 per cent YoY to between 11.2Mt and 11.3Mt for 2004, Andrzej Tekiel, chairman of the country’s cement and lime producers association SPCiW, said. The cement sales in Poland have been falling month-on-month since May 1, 2004, after the country increased its value added tax (VAT) on building materials to 22 per cent from 7.0 per cent. However, the combined sales for the first ten months of 2004 are higher than those during the same p... |