Cement News tagged under: international
Foreign, Indonesian investors eye stake in cement maker30 September 2004, Published under Cement NewsA number of foreign and local investors have indicated interest in buying out the 25.5 per cent stake of Cemex Asia in state-owned cement maker PT Semen Gresik, the government said. State Minister for state enterprises Laksamana Sukardi said the investors had expressed interest although none has formally submitted a proposal. Laksamana told legislators in a meeting cement shares are in strong demand as the construction industry is expected to grow significantly in the coming years, p... |
Votorantim invests US$100m, Brazil30 September 2004, Published under Cement NewsVotorantim is installing a 3rd cement production line in the Aracaju plant (Sergipe state) with US$100m investments to increase exports of cement and clinker. According to the chairman of the company’s board, Mr. Antonio Erminio de Moraes, Votorantim intends to create an export route as of the Northeast region. Cement exports will be shipped from the Port of Barra dos Coqueiros while clinker will be exported through the Port of Cabedelo (Paraiba state) to Canada, where Votorantim owns a ceme... |
Lipetskcement boosts output 8.3% in Jan-Aug 2004, Russia30 September 2004, Published under Cement NewsFrom Jan till August 2004 Lipetskcement made 1.12Mt fo cement, outstripping the figure of the same period 2003 by 8.3%. Packed cement output was more than 157,000t, a 20.7 per cent rise against Jan-Aug 2003. In 2003 the plant output was more than 1.5Mt of cement, up 3.2 per cent from the figure of the same period a year ealier, including packed cement - nearly 193,000t, or an increase of 11.3 per cent. In 2004 the company plans to sustain product output at the level of 2003. |
Cement firms wary of Napocor rate hike, Philippines30 September 2004, Published under Cement NewsCement manufacturers have expressed serious concerns over high electricity rates and their impact on production cost. Felix Enrico Alfiler, president of the Cement Manufacturers Association of the Phils. (Cemap), said electricity prices in Luzon are expected to shoot up by 34 percent by year-end in the wake of new rounds of approved rate increases. "The Energy Regulatory Commission’s provisional approval for a Napocor rate increase of its generation charge of P1.23 per kilowatt-hour ... |
ACC likely to net Rs60cr from Delhi land sale, India30 September 2004, Published under Cement NewsCement major Associated Cement Companies (ACC) has put its five acre industrial land in South Delhi’s Mathura road on the block. The freehold property used to house India’s first bulk cement depot. Property consultants said the land could fetch around Rs 60 crore at the area’s going rate of Rs 12 crore per acre. The final sale value could, however, be higher depending on the bids placed. Company sources said the property had been offered for sale as it was surplus land and the compan... |
Upturn registered in January-June, Colombia30 September 2004, Published under Cement NewsThe positive performance of Colombia’s construction sector is favoring cement manufacturers. Three companies of the segment figure among Colombia’s top 10 firms with highest earnings in the first half of the year. Cementos Argos registered a net profit of COP 94.22 mn (Colombian pesos) in the period. The amount is 41.4% above the total registered in the first six-month period of 2003, according to local news reports. |
Shortage of cement noted, Azerbaijan30 September 2004, Published under Cement NewsAzerbaijan’s only producer of roofing slate, the joint stock company Baki Sifer-Keramika appealed to the president of Azerbaijan on the subject of shortage of cement that it needs to continue production operations. The director of Baki Sifer-Keramika Telman Safarov told Azer-press that the shortage of cement caused the company to work to fifty per cent of its true capacity. The company needs approximately 10 thousand tonnes of cement; the company needs 60-70 wagons of cement on a monthly... |
Wienerberger spends EUR151m on British manufacturing base30 September 2004, Published under Cement NewsWienerberger is moving into manufacturing in Great Britain through the acquisition of ten facing brick works from venture capitalists Cinven and Royal Bank of Scotland for €145m and is investing a further €5.9m into the Ockley works that has not been producing for over a year. The business currently styled ‘thebrickbusiness, and formed by the merger of Chelwood Brick (Cinven and Ambion Brick (Royal Bank of Scotland) two years ago will in the future trade as Wienerberger and be back in the h... |
Cemex makes surprise bid for RMC28 September 2004, Published under Cement NewsCemex bids for RMC The launching by Cemex of a £2,280m (€3,350m) cash bid for RMC suggests that the Mexican cement giant has given up the expectation of acquiring a majority stake in the leading Indonesian cement producer Semen Gresik, at least in the short to medium term. The agreed cash offer of 855 pence per share represents a 42.7% premium on previous closing prise on the London stock exchange. By acquiring RMC Group, Cemex is sett... |
Merril Lynch on Cemex bid28 September 2004, Published under Cement NewsMerrill Lynch on Cemex bid Cemex has launched a bid at GBP8.50, a 39 per cent premium to previous 30 days, with agreement from RMC management. Before any synergies, this would represent a 13.5x 2005E P/E. Cemex states it expects US$200m of synergies by 2007E, which would be two per cent of 07E sales. Merrill Lynch analysts sees Cemex’s bid as reasonable if it can achieve aggressive cost cutting targets (and its track record combined with RMC’s troubled one gives cause for hope on... |