Cement News tagged under: international
Conch eyes faster China cement consolidation19 August 2004, Published under Cement NewsChina’s largest cement maker, Anhui Conch Cement Co, said Beijing’s efforts to cool its economy have curbed demand but will help to speed consolidation of the highly fragmented cement market. Conch aims to increase its market share to 40 per cent from 12 percent in its eastern China market over the next five years as it expands at the expense of smaller, inefficient rivals, Executive Director Guo Jingbin said in an interview in Hong Kong. Conch’s targeted 40 percent market share in easte... |
Halt the ban on Island Cement19 August 2004, Published under Cement NewsSolid Cement Corp has asked the Court of Appeals to stop the government from banning the sale of its Island Portland Cement in the market, calling the cease and desist order issued by the Department of Trade and Industry (DTI) last week "unfair" and "without basis." In its petition, Solid Cement, a member of the CEMEX Philippines Group of Companies, said the order must be nullified as DTI committed "grave abuse of discretion" amounting to "lack or excess of jurisdiction." DTI on Tues... |
Sinoma focuses on cement market19 August 2004, Published under Cement NewsA major Chinese State materials group has decided to go part public by listing three of its subsidiaries on stock markets within two years. Sinoma, the China National Materials Industry Group Corp, intends to transform itself from a technology-focused company to a market-driven one. The group specializes in non-metal materials, non-metal engineering and non-metal materials exploration, but it is mainly technology focused and still a relatively small company. "This year is a year of ... |
Savinsky Cement posts higher outputs19 August 2004, Published under Cement NewsSavinsky Cement Plant produced 408,000t of cement in Jan-July 2004, a 4.6 per cent rise versus the same period 2003. The packed products output increased 22.4 per cent to over 102,000t, Eurocement press-service said |
Govt to drop duties on cement imports19 August 2004, Published under Cement NewsHonduras will remove duties on imported cement, La Prensa quoted commerce minister Norman García as saying. The move would be due to pressure from the construction industry, said the report, adding that in the past two weeks local cement producers increased bagged cement prices 12%. The report went on to say that this caused the price in some stores to increase to almost 90 lempiras (US$5.05) a bag. García said he would will look at other ways of reducing cement costs, including price ... |
Moldova’s rebels to sell Ribnita works19 August 2004, Published under Cement NewsMoldova’s self-proclaimed region of Transdniestria said on Wednesday it has offered for sale 100 per cent of the Ribnita cement plant, as part of efforts to attract cash into the war-exhausted enclave blighted by economic stagnation. The separatist government of the Transdniestria region has said earlier it planned to sell more than 75 companies this year, despite repeated warnings to foreign investors issued by Moldovan authorities that they risked losing their property in the breakaway re... |
Cement price rigging claims19 August 2004, Published under Cement NewsTaiwan: Two ruling Democratic Progressive Party lawmakers urged the Cabinet-level Fair Trade Commission (FTC) Wednesday to rein in what they called price rigging and market monopoly by local cement makers. Legislators Tuan Yi-kang and Chen Chin-teh made the call at a joint news conference. According to Tuan, domestic cement consumption declined from 26.52Mt in 1994 to 14.85 million tons last year and the production capacity utilization rate also dropped from 95 percent to 65 per cent du... |
Govt undecided over SG saga19 August 2004, Published under Cement NewsThe Indonesian government has not yet decided if it would buy back shares in publicly listed cement producer PT Semen Gresik (SG) from Mexico-based cement giant Cemex SA to resolve a protracted dispute over Cemex’s investment in the state-owned company (reports The Jakarta Post). Coordinating Minister for the Economy Dorodjatun Kuntjoro-Jakti said a proposal by some ministers and the Gresik management for the government to reclaim its shares from Cemex had yet to be discussed or decided. ... |
Mary Nour wins first round19 August 2004, Published under Cement NewsA local Mexican judge has authorised the Mary Nour to enter Tampico with its 26,200t of Russian cement after he rejected the arguments presented by Cemex, to stop the arrival of the ship to the port. The decision of the judge is first legal victory for the Mexican company CDM. "We are very happy... it is the first victory that we have ", said Ricardo Alessio, one of the partners of Commerce for the Mexican Development (CDM), in a telephone interview with local journalists. However CDM ... |
Florida’s cement profits18 August 2004, Published under Cement NewsThe Bush Administration is busy passing out checks to help Floridians rebuild after Hurricane Charley, a gesture that no doubt is appreciated. There is, however, another way it could support the reconstruction effort, and at considerably lower cost: Restore free trade in Mexican cement after 14 years of protectionism (reports the Wall Street Journal). So far, however, the Bush Administration has given no indication that it will embrace this logical solution. For logic is not part of the d... |