Cement News tagged under: international
Birla group to set up concrete plants09 November 2004, Published under Cement NewsThe Aditya Birla group is planning to set up 30 ready-mix-concrete (RMC) cement plants in several locations across the country in the next two years and one of it would be in Kolkata. However, the group has not yet decided on which of its two cement companies - Grasim or UltraTech CemCo Ltd - would install and run these RMCs. According to O.P. Puranmalka, Group Executive President and Chief Marketing Officer of UltraTech, the final decision would be taken after studying the existing synergi... |
YTL Cement acquires bigger stake in Perak-Hanjoong08 November 2004, Published under Cement NewsYTL Cement Bhd is acquiring an additional 32.74 per cent stake in Perak-Hanjoong Simen Sdn Bhd for a total cash consideration of RM109.7 million from Danaharta Managers Sdn Bhd. This is on top of the sale and purchase agreement it signed with Doosan Heavy Industries & Construction Co Ltd (DHI) of South Korea last July to acquire a 32.10 per cent stake in Perak-Hanjoong for a total cash consideration of RM75.3m. Upon completion of these acquisitions, Perak-Hanjoong will become a 64.84 per cen... |
Yemen to boost cement production08 November 2004, Published under Cement NewsYemen intends to increase cement production by a massive 300 per cent in the next three years, a move that will at last allow it to keep pace with internal demand. Yemen Trade and Industry Minister Khaled Rajeh Sheikh said that projected cement production will total of 5.5Mt in 2007 up from 1.541Mt in 2003. Sheikh said that the increase would enable Yemen to cover the local market needs of cement which are forecast to exceed 4Mt in 2007. The country’s three government-owned cement wor... |
Lafarge plugs in to captive power sector08 November 2004, Published under Cement NewsLafarge India (LIPL), a subsidiary of the Lafarge group of France, will be amongst the first foreign investors in the captive power sector in India. The company which grabbed headlines by taking over the cement division of Tisco is now set to acquire 49 per cent equity of a captive power company in Chattisgarh. This would also be the first power venture for Lafarge in India. Electricity Act 2003 has encouraged captive generation by allowing captive power promoters to sell the surplus pow... |
Somani to set up 1000tpd cement plant08 November 2004, Published under Cement NewsSomani Cement Company Ltd, the pioneer in cement manufacturing in Gujarat, is going to set up a new 1000tpd ’vertical shaft kollen rotrate technology’ plant at Mahuva in Bhavnagar district to meet the growing market demands. The company is approaching ACC for technical tie-up and talks are on with Cimco Birla for supply of machinery and equipment for the cement plant. The company will market the product as ’Somani Cement.’ The brand and its cement are already well accepted in the market. Acc... |
Camargo Correa covets Loma Negra08 November 2004, Published under Cement NewsThe Brazilian Camargo Correa is negotiating the acquisition of Loma Negra - the largest cement manufacturer of Argentina. Camargo Correa did not confirm the negotiations but a source of the company said the main problem to conclude the transaction would be the company’s price, of up to US$1bil. Other prospect bidders for Loma are the Brazilian Votorantim, the Portuguese Cimpor and the French Lafarge. Loma currently holds 50 per cent of the Argentine cement market and is followed by Minetti (H... |
Cement industry to grow two per cent in 200408 November 2004, Published under Cement NewsChilean Cement company Cementos Polpaico, part of the Swiss group Holcim, has had a good year bearing in mind that through the third quarter its profits grew 25 per cent to 11.13 billion pesos (US$18.37m). The positive figures were boosted by operating results, which reached 16.37 billion pesos (US$27.02m), 31.9 per cent more than in the same period last year, mainly due to cost reductions (13.9%), which compensated for the 8.4% drop in sales. Polpaico has three cement plants and 27 premi... |
Mexico Cemex mulls expansion in Russia, China, India05 November 2004, Published under Cement NewsMexican Cementos Mexicanos SA (Cemex), the world’s third largest cement maker, plans to start operations in Russia, China or India, after the purchase of the British building materials producer RMC Group Plc, Cemex said. Cemex agreed to buy RMC for some US$4.15bn (3.23bn euro) in cash in an attempt to increase its total turnover and to strengthen its position on the global cement market and the purchase will be finalised in January 2005. Debts included, RMC’s price totalled US$5.8bn (... |
Malaysia: Lafarge to increase Rawang plant capacity05 November 2004, Published under Cement NewsLafarge Malayan Cement Bhd says the cement grinding capacity of its Rawang plant will increase by 800,000tpa after it transfers an idle grinding mill in Langkawi to the Rawang plant. The additional cement mill was expected to be commissioned and begin production in July next year, it said in a statement. It said the move would reduce the group¹s overall logistic costs to ship cement from its Langkawi plant to the mainland and also reduce export of clinker from its Kanthan plant. Cu... |
Portugal Cimpor Jan-Sept 2004 Profit Seen at 122.6m Euro05 November 2004, Published under Cement NewsPortuguese cement company Cimpor - Cimentos de Portugal might post a net profit of 122.6m euro ( US$157.3m) for the first nine months of 2004, down 17.7 per cent year-on-year, according to projections of Portuguese bank Millennium bcp reported on November 4, 2004. Cimpor’s January to September 2003 net profit totalled 149m euro (US$191.1m). Millennium bcp sees also Cimpor turnover at 1.038bn euro (US$1.331bn), against the 1.028bn euro (US$1.319bn) generated over the same period a year ... |