Cement News tagged under: international
Cement prices raised after the fall in prices, South India07 December 2004, Published under Cement NewsCement prices in south India have been raised after the fall in prices witnessed in the last two months. Chairman and Managing Director of India Cements, N Srinivasan said that prices are likely to go up further as the gap between demand and supply is expected to narrow. Speaking to CNBC-TV18, Srinivasan said, "I think by the end of this year, demand and supply will balance out after many years. So that itself will lead to very firm pricing. Also, now with the monsoon over, this is really... |
Strabag to build EUR 111m cement works, Hungary07 December 2004, Published under Cement NewsStrabag Epito Rt, the Hungarian unit of Austrian construction group Strabag, plans to invest HUF27bn (EUR 111m) in a cement works between Szekszard and Pecs, southern Hungary, project manager Otto Zimmermann said. With a 1Mta annual output the new plant will be the largest cement works in central Europe. Strabag’s parent company, Austrian Bau Holding AG, is to decide on its final location by the end of January 2004. Strabag’s original plans to build the plant by cement works in Bu... |
Home-Building Boom ’To Rein in Volumes Growth At PPC’, South Africa07 December 2004, Published under Cement NewsConstruction companies and building material suppliers appear set to suffer a backlash from booming demand in the residential building sector. Shortages of basic building materials such as bricks are emerging as lower interest rates and consumer confidence continue to fuel demand for building in the residential sector. Against this backdrop, Merrill Lynch has adjusted its cement volume growth forecast for SA’s largest cement producer, PPC, down from 10% to 7%. Merrill Lynch sa... |
Maddaloni Plant Generates eight per cent Cementir turnover, Italy07 December 2004, Published under Cement NewsThe plant in Maddaloni, southern Italy, of Italian cement company Cementir SpA, a unit of local construction company Caltagirone, generates an annual turnover accounting for some eight per cent of the consolidated pro-forma turnover of the cement group, The Cementir’s Maddaloni plant has an annual production capacity of 1.3Mt. The group’s production capacity equals 11.2Mta. |
Police seize 150 bags of fake cement, Uganda07 December 2004, Published under Cement NewsPolice are investigating Tororo Cement Ltd. for alleged manufacture and supply of fake cement. Police are also investigating claims that fake cement on the market is partly responsible for the recent collapse of several buildings under construction in and around Kampala. Some 150 bags of Portland cement produced by Tororo Cement Factory have been impounded and are lying at Wandegeya Police Station. The Criminal Investigations Directorate confiscated the cement on October 30. T... |
Dragon’s Concrete passes 6-year mark without a lost-time injury, USA07 December 2004, Published under Cement NewsThe Concrete Division of Dragon Cement and Concrete has gone six years – more than one million work hours – without a lost-time injury among the nearly 100 employees who work in the division. The new safety record marks the eighth time in 10 years that the division, which operates 10 concrete plants statewide, has been recognized for safety achievements. “More than one million hours without a lost-time injury is a remarkable achievement,” said Dave Grinnell, vice president and head o... |
Ciments Francais bids US$550m for Egypt’s Suez Cement06 December 2004, Published under Cement NewsItalcementi SpA’s Ciments Francais unit has launched a US$550m bid to buy the Egyptian government’s 65.9 per cent share in Suez Cement. Ciments Francais already owns 34.1 per cent of Suez Cement, and the company confirmed it will offer 80.05 Egyptian pounds per share, representing a 12 per cent premium to the company’s average share price in November. Hassan Heikal, co-executive director of Egyptian investment bank EFG Hermes, was quoted by the Financial Times as saying the offer, if succ... |
Leading Indian cement firm eyes Chinese market06 December 2004, Published under Cement NewsThe Associated Cement Companies Limited, India’s foremost manufacturer of cement, is scouting for business opportunities in China as well as cooperative projects in third countries, senior company executives said here. "We have identified China as a major market for business opportunities even though it is the world’s largest producer of cement," ACC senior vice president, overseas projects, V J Anantharaman said. ACC, one of the leading Indian companies currently participating in t... |
Union urges govt to keep 51 per cent stake in Gresik06 December 2004, Published under Cement NewsThe trade union of cement maker Semen Gresik has urged the government to retain its 51 per cent stake in the company and not to sell it to Cemex Asia Holdings, a Mexican firm. "We are afraid that if Cemex controls Semen Gresik, an international cartel will eventually take over the industry and dictate the (cement) price," Zubeir Halim, chairman of the Semen Gresik Trade Union said at the weekend. Speaking to the press after a dialogue with presidential spokesman Andi Malarangeng, Ca... |
Ultratech Nov shipments up 13.5 percent on year06 December 2004, Published under Cement NewsIndia’s UltraTech Cement said on Friday its cement shipments in November rose 13.5 per cent to 1.045Mt from 921,000 tonnes a year earlier. It said production in November rose to 1.108Mt from 970,000t a year earlier. |