Cement News tagged under: international
YTL Cement may buy more29 July 2004, Published under Cement NewsYTL Cement Bhd said it may buy more shares in Perak-Hanjoong Simen Sdn Bhd from existing shareholders if they offer to sell their shares. YTL Cement currently holds a 32% stake in Perak-Hanjoong. Other existing shareholders are Magnitude Network Sdn Bhd, which owns 11.92%, Proselesa Sdn Bhd 11.89%, Apexicon Sdn Bhd 8.93% and Gopeng Bhd 35.16%. “Should the above remaining shareholders of Perak-Hanjoong offer to dispose of their interests in Perak-Hanjoong, the company may consider and evalua... |
Votorantim expands in concrete29 July 2004, Published under Cement NewsThe Brazilian cement manufacturer Votorantim Cimentos has acquired the Ceara based concrete producer Britap through the controlled Engemix. The concrete segment accounts for around 5% of the company’s turnover of R$4bil. Votorantim has been active in this segment with a 20% market share since 2002, when it took over Engemix. Britap produces 54,000 m3 per year while Engemix produces 2.7mil m3 per year. Votorantim is betting on the increase of the market in the Northeast region, where the consu... |
Chile H1 cement shipments fall29 July 2004, Published under Cement NewsCement shipments in Chile fell 0.4% to 1.85Mt in the first semester compared to 1H03, according to information from the country’s cement and concrete institute (ICH). The drop in the first few months of this year was due to the conclusion of large infrastructure projects. For the period, Melón held the top market share position in regard to shipments with 37.6% (696,423t), followed by Polpaico with 33.5% (620,326t) and Bío Bío with 28.9% (534,268t). Last year Melón held a 38% market share, ... |
Asia Cement spinoff cleared28 July 2004, Published under Cement NewsTaiwan-based Asia Cement has received the green light from Hong Kong Exchanges and Clearing to spin off its mainland cement operations in a listing worth as much as HK$1 billion, according to market sources (aqs reported in the South china Morning Times). The timetable and pricing of the listing have not been determined but fund managers and market observers expect it to kick off in September. "The company is now just waiting for more favourable market conditions. It is definitely not a go... |
Indonesia cement sales up in June28 July 2004, Published under Cement NewsIndonesia’s domestic cement sales grew by 9.2 per cent in June to 2.59Mt compared to the same period a year ago, the country’s largest cement maker PT Semen Gresik Tbk said on Tuesday. Gresik sold a total of 1.38Mt of cement last month, including exports, up 20 per cent from the same month in 2003, the company said on its Web site. The domestic market share of the state-run firm, has increase to 45 per cent in the first six months of this year from 42.6 per cent. Some analysts have forecast... |
China cement makers face profit crunch28 July 2004, Published under Cement NewsProblems with coal and electricity supplies have prompted some analysts to downgrade the earnings prospects of mainland cement manufacturers. Cement makers such as Anhui Conch Cement, China Resources Cement Holdings, Chia Hsin Cement Greater China Holding and Shui On Construction and Materials are being challenged by soaring fuel costs, according to the analysts. BNP Paribas Peregrine has pruned its profit forecast for Anhui Conch, the country’s largest cement maker, by 14 per cent to 1... |
Heracles fears no Olympic aftershock28 July 2004, Published under Cement NewsHeracles, the largest cement provider for the Athens Olympics said Tuesday business would shrink after the Games but dismissed fears that the local construction industry, Greece’s main engine of economic growth, could collapse in a post-Olympic slump. "Business will go down by around five to seven percent, but there will be no collapse," said Albert Corcos, managing director of Heracles, which runs Europe’s largest cement-making factory near Volos, central Greece. Heracles, part of mult... |
Turkish Adana Cimento hiring28 July 2004, Published under Cement NewsTurkish cement manufacturer and retailer Adana Cimento has employed 33 people to work at its clinker and cement production lines, it was reported on July 27, 2004. The company said in a statement that the move was aimed at increasing the capacity utilisation rate due to the increasing demand on both the local and and international markets. Adana Cimento, part of the cement division of Turkish army pension fund Oyak, has allocated 4.4 trln Turkish lira ($3.0 mln/2.5 mln euro) for moderni... |
Sabanci eyes Bartin Cimento28 July 2004, Published under Cement NewsTurkish industrial conglomerate Sabanci Holding is exploring the possibility of buying the cement factory Bartin Cimento Fabrikasi, it was reported on July 26, 2004. Sabanci Holding cement group chairman Erhan Kamisli has carried out an inspection at the factory, which was taken over by the Turkish Savings and Deposits Insurance Fund (TMSF), which holds insolvent banks in receivership. Bartin Cimento is one of more than 200 companies owned by Turkey’s Uzan family, which were seized by T... |
Dniprotsement modernises grinding section28 July 2004, Published under Cement NewsThe Dniprotsement company (Dniprodzerzhynsk, Dnipropetrovsk region, Ukraine) has modernized cement grinding mills No 1 and No 3 of cement grinding shop. Reconstruction of cement mills 1, 2, 3, transfer of mills 1 and 3 into closed cycle of cement production, as well as setting of the new separator system on line 2 have all been carried out. In particular, during reconstruction the plant set separators and interiors of mills BHG Brockhausen&Holze (Germany), main and aspiration filters Kow... |