Cement News tagged under: international
Cement sales jump 30 per cent06 August 2004, Published under Cement NewsPakistani cement sales have recorded a growth of 30 per cent in the first month of current 2004-05 fiscal year to reach at 1.362Mt compared to 1.045Mt in the same month last year. According to the data compiled by the Pakistan Cement Manufacturers Association (APCMA), export of cement in July recorded at 0.132Mt up 0.2 per cent on month-on-month basis compared to June. “The growth in cement sales will eventually stabilise over medium to long term at the rate of 8-10 per cent, though we... |
Belarus to sell stake?06 August 2004, Published under Cement NewsBelarus’ government plans to sell its 20-23% stake in one of the country’s three large cement plants, Belarus’ Architecture and Construction Minister Gennady Kurochkin told a press conference Thursday. The three plants are Krichevtsementoshifer, the Belarusian Cement Plant, and the country’s largest cement producer Krasnoselskstroymaterialy, Kurochkin said without mentioning which of the plants the government was planning to sell its stake in. Kurochkin noted that Ireland’s CRH and Fran... |
Bangladesh floods06 August 2004, Published under Cement NewsSqueezed by surplus production against falling consumption, the country’s cement industry is now in a critical state as the current flooding has triggered a 45 per cent sales drop of the key construction material. Some leading manufacturers fear if the current flooding continues few more weeks it will bring the cement sector down to earth as already a number of companies have left of the sector due to to many producers fighting over too small a market. At present, some 40 operati... |
Bacnotan, subsidiary concludes sale06 August 2004, Published under Cement NewsTwo cement companies affiliated with the Phinma Group yesterday signed a share purchase agreement for the sale of their combined controlling stake in Union Cement Holdings Corp. (UCHC) to the local holding company of Swiss cement group Holcim Ltd. In a disclosure to the Philippine Stock Exchange, Bacnotan Consolidated Industries, Inc. said the agreement covered its stake in UCHC as well as that of its subsidiary, Atlas Cement Corp. The sale, to Cemco Holdings, Inc., will be finali... |
TPI debt rescue package approved06 August 2004, Published under Cement NewsThailand’s finance ministry has approved a business reorganisation plan for the debt-ridden Thai Petrochemical Industry that could involve state-owned refiner PTT Plc taking a strategic stake, TPI’s debt administrator said Thursday. Under the proposal, TPI would repay $1.8bn of its total $2.7bn debt over 12 years in four tranches: $500m within five years from receiving approval for the repayment plan from the bankruptcy court, $850m from the sixth to tenth year, $150m on the tenth year and $3... |
Grasim July cement despatch up06 August 2004, Published under Cement NewsGrasim Industries has reported increased shipments, year-on-year, for both Grasim Cement as well as for its recent acquisition UltraTech Cemco Ltd, for the month of July. Despatches at Grasim Cement moved up 12.54 per cent from the year-ago despatch quantity, amounting to 1.137Mt. Production increased 14.36 per cent to 1.161Mt. Figures for Grasim are inclusive of Shri Digvijay Cement company and that for UltraTech, of Narmada Cement Company Ltd. Despatches at UtraTech increased 9.8 per ... |
Cimpor gives up on Cecime06 August 2004, Published under Cement NewsPortuguese cement company Cimpor has decided not to continue with the process of acquisition of local importer Cecime, it was reported on August 3, 2004. The purchase operation was announced on October 28, 2004, but Cimpor decided to withdraw its notification. Cimpor did not comment the information. The company plans a special announcement on the matter, the timing of which has not been specified, yet. Cecime was established in 2003 by a group of four Portuguese construction companies,... |
Podilski Tsement increased Output06 August 2004, Published under Cement NewsThe Podilski Tsement company (Kamianets-Podilskyi, Khmelnytskyi region), which is one of the three largest producers of cement in Ukraine, increased its sales output by UAH 8.81m some 14 per cent to UAH 71.76m during the April-June period of this year, compared with the corresponding period of last year. A representative of the company disclosed this to Ukrainian News. According to the statement, Podilski Tsement increased cement production by 53,000t or 12.4 per cent to 480,500t in the... |
Semapa, CRH’s Secil faces EUR900,000 cost from Outao fire05 August 2004, Published under Cement NewsSemapa, the Portuguese cement maker jointly owned by Semapa SGPS and CRH PLC, said it faces a cost of 900,000 eur from a fire at its factory at Outao in Serra da Arrabaida last wee, Lusa newsagency reported. The fire disrupted production for two days. A company spokesman told Lusa that Secil will implement a fire protection plan for the woodland around Outao, which should be ready in spring 2005. |
Cement prices to hold steady, Vietnam05 August 2004, Published under Cement NewsCement prices will be maintained at their current levels for the rest of 2004 despite the surge in the price of imported clinker, Tuoi Tre quotes Deputy Minister of Construction Tong Van Nga. To help cement producers, the ministry will keep petitioning the Government to cut the tariff on imported clinker, Nga said. |