Cement News tagged under: international
Mexico bans Mary Nour import from Russia?26 November 2004, Published under Cement NewsUnconfirmed reports on November 25, 2004 suggest that Mexican customs authorities have banned Mexican cement importer Comercio para el Desarrollo Mexicano (CDM), to import cement from Russia. CDM is a joint venture of Jordan-based CTI Group, Spain-based Tradeland Commodities and Mexican businessmen. The embargo was imposed under the petition of Mexican cement producer Cemex. The Panamanian-flagged ship Mary Nour, operated by CDM, arrived at the port of Tampico, on the Mexican Atlantic co... |
New South African cement plants26 November 2004, Published under Cement NewsThe South African government is considering establishing its own factories to manufacture cement and alleviate shortages of the commodity which it fears might hamper its ambitious project to eliminate slums by 2014. Housing Minister Lindiwe Sisulu told a briefing of the Foreign Correspondents Association (FCA) on Monday that the government would do all it can to "fast-track" the delivery of decent houses to about 10 million South Africans living in informal settlements. This included makin... |
China, Laos to strengthen ties26 November 2004, Published under Cement NewsChina and Laos will further strengthen cooperation in various fields through the upcoming official visit of Chinese premier Wen Jiabao to Laos, said Chinese ambassador to Laos Liu Yongxing here Friday. Liu said after former Chinese President Jiang Zemin visited Laos in 2000, the two countries signed a joint declaration on cooperation, which focuses on advancing economic and trade relations. The two countries have listed agriculture, forestry, resources development and infrastructure construc... |
JPM on Lafarge26 November 2004, Published under Cement NewsAnalysts at JP Morgan are retaining an ‘overweight’ rating on Lafarge, with a DCF-based price target of €86, 21% above the current share price. Our valuation assumes a continuation of the current profit improvement programs, which in JPM’s view need to be more aggressive. Amongst the three major global cement companies, Lafarge is the only one not to have increased its 2004 profit forecast in recent months. JPM’s forecasts also assume only a 0.5 percentage point increase this year in the ope... |
Mary Nour price effect25 November 2004, Published under Cement NewsThe MV Mary Nour, still stranded in the port of Altamira, on Mexico’s Caribbean coast for close on four months and awaiting a further court ruling is – despite its inability to discharge its 27,000t of cement – still having some effect on the local market. Both wholesale and retail prices have reportedly dropped appreciably in what might be described as a pre-emptive move by local producers to influence local buyers, should the ship finally get clearance to discharge and local importer, CDM,... |
Collomb continues Asian tour25 November 2004, Published under Cement NewsVietnam is a potentially large market for cement manufacturers, said Bertrand Collomb, chairman of French building material firm Lafarge. The local cement market annually grows around 15% and cement demand is estimated at nearly 24Mt, he said. The Lafarge leader wrapped his first Vietnam visit early this week, which aimed to promote a US$30m cement project underway in the southern province of Dong Nai. Lafarge, he believes, will become a popular cement brand in Vietnam within the first three... |
Sedco embarks on expansion programme25 November 2004, Published under Cement NewsThe Sabah Economic Development Corp (Sedco) is embarking on a massive expansion programme involving some of its 19 subsidiaries. Sedco chairman Datuk Mohd Lan Alani said the expansion programme will include the construction of a clinker plant in Sepanggar. The construction of the plant is necessary because Cement Industries Sabah, a subsidiary of Sedco, has been importing clinker for its cement plant in Sepanggar. The State Government has approved the construction of the plant and we ho... |
Vassiliko Cement: net profit rockets25 November 2004, Published under Cement NewsCypriot cement maker Vassiliko Cement Works boosted its net profit to C£4.1m (US$9.2m) for the first nine months of 2004, from C£2.5m (US$5.6m) for the same period of 2003. Vassiliko also generated a turnover of C£28.2m Cyprus pounds ($63.5m), compared to C£26.2m (US$59m) in 2003. The company’s clinker output fell to 906,000t from 949,000t. Exports plummeted to 99,000t from 341,000t. The improvement in performance is attributed to the significant increase in demand on the local cement ... |
Cement demand rises rapidly in October25 November 2004, Published under Cement NewsWith Gujarat witnessing a fierce tussle for market share among cement manufacturers, cement consumption in the state has received a major boost. Even as cement prices have tanked heavily in recent weeks, consumption has shot up 65% year-on-year to 800,000t in October ’04. Despatches grew 28% over the previous month. Industry observers say the sharp rise in volumes in the state is in no way a commentary on demand, but an indication of the intense rivalry among manufacturers. Sources s... |
Swiss Watchdog probes possible price fixing25 November 2004, Published under Cement NewsThe Swiss Competition Commission said Tuesday it has opened an investigation into possible cement and concrete price-fixing in connection with an Alptransit tunnel project in Switzerland. The commission said it is investigating whether producers fixed the price when bids for the project were submitted. An earlier preliminary probe by the authorities found no evidence that cement companies fixed prices. The current investigation will look more deeply into the bidding process, Rolf Daehler... |