Cement News tagged under: international
Five commercial banks grant credit16 August 2004, Published under Cement NewsFive commercial banks have signed a 1,830 billion VND credit contract with the Viet Nam Construction and Import-Export Corporation (Vinaconex) for the construction of Cam Pha cement plant in northern border Quang Ninh province. Under the contract, the Industrial and Commercial Bank of Viet Nam (Incombank) will arrange the 13-year loans with a three-year grace period. Incombank is the biggest sponsor providing loans worth 650 billion VND. It is followed by the Viet Nam Bank for Agriculture a... |
Loma Negra’s price too high for Cemex?16 August 2004, Published under Cement NewsCemex is never scared to shell out cash for acquisitions but a $1 billion price ticket for Argentina’s biggest cement maker Loma Negra is seen as too high. Analysts said on Thursday that Cemex would be interested in buying Loma Negra, which accounts for 48 percent of the Argentine market, but at a lower price to meet its strict investment and acquisition criteria. The Wall Street Journal reported on Thursday that Loma Negra is putting itself up for sale in a possible $1 billion deal and nam... |
Cement makers drive export volumes16 August 2004, Published under Cement NewsEven as the export demand for cement has risen significantly in recent months from West Asian countries, only the coast-based cement companies like Gujarat Ambuja Cements (GACL) and L&T Cement (now known as UltraTech CemCo) have been able to drive up export volumes on the strength of a sharp upturn in realisations overseas. For the first time in recent years, current export realisations that work out to Rs95 per bag and $40 per tonne have shot past net realisations in the domestic market, pr... |
New grinding mill16 August 2004, Published under Cement NewsGujarat Ambuja Cement Ltd (GACL), the fourth-largest cement producer in India, will be setting up a 1.2Mt grinding unit at Dadri in Western Uttar Pradesh with an investment of about Rs100 crore. GCAL has entered into an agreement with National Thermal Power Corporation (NTPC) to buy 360,000t of fly-ash per annum, which will be utilised for the manufacture of blended cement. GACL is looking for land in the vicinity of NTPC. The first phase is expected to commence from Oct 2004 with a grinding ... |
Circle Cement to upgrade16 August 2004, Published under Cement NewsCIRCLE Cement Limited has embarked on a plant refurbishment programme in efforts aimed at bolstering its market competitiveness as well as enhancing production capacity. The company is currently operating at 85 per cent efficiency due to its depleted and obsolete machinery and other facilities. Officials at the cement producer have indicated that they have put in place measures to rehabilitate their factory plants in a development aimed at enabling the company to operate at 100 percent effic... |
End to Mexican tariffs?16 August 2004, Published under Cement NewsMany US Companies would like to see the duties removed from Mexican products to ease shortages. The US construction industry, suffering from a cement shortage that is raising building costs and delaying projects, on Wednesday asked the Bush administration to end anti-dumping tariffs on Mexican cement. To relieve the strain, the National Association of Home Builders called for dropping the tariffs, which would allow for greater supplies of Mexican cement. The duties were slapped on Mexica... |
Cementir’s strategic options13 August 2004, Published under Cement NewsThe announcement that Cementir is to take over Aalborg Portland in Denmark and the Danish Unicon ready-mix business, might provide some refreshing news for the independent cement sector, although this acquisitive Italian cement group may have to tread carefully if it wants to think about longer-term advancement and profitability. Cementir has for many years provided a steady stream of exports from its Italian operations to independent buyers into both southern and northern European market... |
Argentina’s Loma Negra Seeks Buyer13 August 2004, Published under Cement NewsReported in the Wall Street journal, Argentina’s largest cement company, is putting itself up for sale in a deal that could attract global industry powerhouses, people familiar with the matter said. Bankers say the company is talking about a preliminary sale figure of $1 billion. Closely held Loma Negra, which commands a 48% share of Argentina’s domestic market, could be attractive to global cement groups such as France’s Lafarge and Mexico’s Cemex SA and companies such as Portugal’s Cimp... |
Joy for Rinker13 August 2004, Published under Cement NewsA competitor’s problems in the US are likely to translate into profits for Australian-based Rinker Materials. Just as the world’s oil producers continue to struggle meeting global demand, it appears the same is true for cement. And like oil stocks, cement and concrete leveraged stocks continue to hover near all-time highs. When it upped its full-year profit growth forecasts from 5-10 per cent to 20 per cent last month, Rinker said it was being helped by cement shortages resulting from com... |
Incehsa denies interest in rival13 August 2004, Published under Cement NewsHonduran cement company Incehsa has dismissed speculation that its French parent company Lafarge has launched a $US50mn bid for its Honduran competitor Cemento América. Honduran daily La Prensa, citing an unnamed "official source," said that Incehas’ French parent company Lafarge is currently in advanced negotiations to buy the rival cement company. However, an Incehsa official told BNamericas that reports of a takeover bid were simply "rumors and speculation," without commenting further. ... |