Cement News tagged under: international
CR Cement to acquire cement plant10 September 2004, Published under Cement NewsChina Resources Cement Holdings, one of the largest suppliers in south China, will soon acquire a project from its parent company as part of its $1 billion capital expenditure to seek growth, according to vice-chairman and general manager Shi Shanbo. In addition to acquiring existing production facilities, the red chip would build its own factories to raise capacity and take advantage of demand growth in the Pearl River Delta, Mr Shi said yesterday. He said the company would definitely ... |
Taiwan Far Eastern Group to launch cement factory in Sichuan10 September 2004, Published under Cement NewsTaiwan Far Eastern Group will inject US$250m in construction of a 4Mta cement factory in Sichuan Province, according to Douglas Tong Hsu, chairman and CEO of the group, who was in Chengdu, capital city of Sichuan. The investment by Asia Cement Company affiliated to the group in Sichuan indicates the group’s confidence in the investment environment in the province, said Hsu, adding that the group plans to introduce its Far Eastern Department Store into Chengdu. |
Fancesa eyes Soboce plant10 September 2004, Published under Cement NewsBolivian cement producer Fancesa is seeking to acquire the Warnes operation of the country’s leading cement producer Soboce, local paper El Deber reported. The Warnes transaction was proposed by Soboce, one of Fancesa’s three shareholders, and follows the collapse of a possible merger between the two cement producers earlier this year. Fancesa has been developing its own expansion plans following the breakdown of the merger but it will have to wait until March 2005 when municipal elections... |
Manila to lift order halting sale of Cemex cement10 September 2004, Published under Cement NewsThe Philippine trade department said on Thursday it would lift an order stopping a local unit of Mexico’s Cemex from selling and distributing its products, after a partially completed quality review showed positive results. The deparment said, however, that the halt in sales by the Cemex unit, Solid Cement Corp, would remain in effect until tests were finished. On Aug. 12, the trade department stopped the sale of all products from Solid Cement’s plant in Antipolo town, north of Manila, cit... |
China’s cement industry data10 September 2004, Published under Cement NewsChina’s cement production reported good performance in the first seven months of this year, posing a bettering efficiency, sound operation, and growing export. China produced 77,620,800 tons of cement in July 2004. The output in January-July reached 504,036,600 tons, up 17.0 per cent year on year, according to the National Bureau of Statistics. The cement industry generated 8.595 billion yuan in profits in the first seven months, jumping 230.8 per cent year on year, a record high since 200... |
Cemex agrees to Sell Semen Gresik shares - or does it?09 September 2004, Published under Cement NewsIndonesian government plans to sell 25.5% shares of PT Semen Gresik Tbk after Cemex SA, the present holders of those shares, agreed to sell its ownership. "Cemex has agreed with the plan to sell the shares," said Laksamana Sukardi, the Minister of State Owned Enterprises, in Jakarta yesterday. He said that the government will facilitate the establishment of a group of investors to purchase the shares from the Mexican company. "We are now studying the mechanism, on whether it is the governm... |
Cement production needs urgent overhaul09 September 2004, Published under Cement NewsThe closure of many outdated cement factories springing up across the country should be a priority to make way for the building of an efficient industry, Malcolm Shelbourne, chief executive of INTERCEM, said yesterday. "A modern and well-structured cement industry is required for prosperity and growth," Shelbourne told yesterday’s International Cement Technology Conference. Shelbourne expressed his hopes that China would construct more new plants employing the latest technology, both in... |
Ciments Francais eyes expansion in India, Egypt and Turkey09 September 2004, Published under Cement NewsFrench building materials producer Ciments Francais, controlled by Italian cement producer and distributor Italcementi SpA, is aimed to strengthen its position in India, Egypt and Turkey, chairman Yves Nanot said. Ciments Francais will invest 65 mln euro($78.7m) in the renovation of its Spanish plant in Malaga, Rodolfo Danielli, general director of the company, said. A total 240 mln euro ($290.5m) will be invested in the U.S. plants in Nazareth, Pennsylvania and Martinsburg, West Virginia, ... |
EBRD to sign Albanian deal09 September 2004, Published under Cement NewsThe European Bank for Reconstruction and Development (EBRD) said on Wednesday it would sign a deal to support Albania’s cement industry in the coming days. The deal will be signed by the bank’s President Jean Lemierre, who starts a three-day official visit to the southeast European country on Wednesday. "During the visit, Mr. Lemierre is expected to sign a deal that will support Albania’s cement industry, helping to meet the country’s growing demands and reducing the country’s reliance on ... |
Solid Cement to shut Antipolo plant09 September 2004, Published under Cement NewsCemex Philippines has made good its threat to shut the cement plant of its unit, Solid Cement Corp., in Antipolo, a move that will affect about 175 workers. Solid Cement was to shut down the plant last night, for a period "not exceeding six months." The company relayed the closure in a letter dated September 7 to Labor Secretary Patricia A. Sto. Tomas. The letter cited "recent developments affecting the company," in particular the Department of Trade and Industry’s August 12 order bann... |