Cement News tagged under: international
Colacem obtains Tunisian funds01 July 2004, Published under Cement NewsItalian cement maker Colacem will receive funds for some Euro 18m from a group of Tunisian banks for restructuring in the Tunis plant of its controlled cement company Les Ciments Artificiels Tunisiens-CAT-Colacem, following an agreement signed on June 29, 2004. The banks include Banque du Sud, Banque Tuniso-Koweitienne de Developpement (BTKD), Banque de Tunisie et des Emirats d’Investissement (BTEI) and Societé Tuniso-Saoudienne d’Investissement et de Développement (STUSID). The funds will ... |
OCI signs Algeria cement plant loan01 July 2004, Published under Cement NewsEgypt’s Orascom Construction Industries said its wholly owned subsidiary Algerian Cement Company signed a US$112m loan to build a second production line in Algeria. Orascom Construction (OCI) said in a statement sent late on Tuesday that the new facility would have an annual capacity of 2.2Mt and would increase the firm’s total production to 4.4Mta, making it the biggest cement producer in Algeria. OCI said in January that ACC had signed a US$153m deal with Danish company FLSmidth to co... |
Athi River research deal30 June 2004, Published under Cement NewsJomo Kenyatta University of Agriculture and Technology (JKUAT) and Athi River Mining (ARM) have entered into a partnership to undertake research on concrete development technology. Both parties will carry out testing work with JKUAT staff having access to ARM’s sophisticated testing equipment. Joint training, sharing of intellectual capital and the ability to publish research findings will also be a critical element of the MOU. Mr Surendra Bhattia, an assistant managing director at ARM, descr... |
HK Shui On to buy Yunnan stake30 June 2004, Published under Cement NewsShui On Construction and Materials Ltd, Hong kong, said Monday it has signed an agreement to buy an 80 per cent stake in cement maker Yunnan Cement from state-owned firm Yunnan National Assets Operation Co. Ltd. The purchase will cost about 409 million yuan (approx US$50m), based on a preliminary valuation of the total net asset value of Yunnan Cement of CNY691 million. On top of that, Shui On said it had signed a deal with building materials giant Lafarge that will give the French grou... |
Nordic Capital linked to Aalborg30 June 2004, Published under Cement NewsNordic Capital, the Swedish private equity firm, is in talks to take over Aalborg Portland, from FLS Industries, according to Scandinavian news sources. FLS has been preparing to sell Aalborg Portland and Unicon for months and according to rumours Nordic Capital is now seen as a favourite to take over Aalborg. Analysts put Aalborg Portland´s value at around DKK 3.5bn (Euro 471m) and Unicon at DKK 1bn (Euro135m). Presuming such a purchase was to go ahead, one can surmise that Nordic Capital’s... |
Qatar’s cement imports increase30 June 2004, Published under Cement NewsThe Qatar National Cement Company (QNCC) has decided to increase the import of cement. Three consignments aggregating to over 60,000t each are expected to reach Doha next month. Qatar mainly imports cement from the India. However, with the ongoing monsoon season imports from the West coast of India are unlikely to commence until the end of the monsoon season some three moths away. QNCC¹s first shipment of 16,000t is expected in the first week of July, from Egypt, followed by two other cons... |
US builders ask for help30 June 2004, Published under Cement NewsThe nation’s builders are urging the United States government to eliminate obstacles to importing cement from Mexico to help alleviate a shortage that has delayed home building and other construction projects. The National Association of Home Builders in Washington asked the Commerce Department last week to suspend anti-dumping taxes imposed on Mexican cement imports. "US consumers of cement need a reliable, efficient source of supply for that portion of the U.S. market that must be met... |
Boral gains a swift hearing30 June 2004, Published under Cement NewsBuilding materials major Boral has secured an expedited hearing for its court battle with the competition watchdog over its $1billion dollar-plus takeover bid for cement rival Adelaide Brighton, and this should allow the case to finish by November, reports The Australian. Federal Court judge Peter Heerey yesterday set August 30 as the date for the trial to start and set aside five weeks for the case until the first week of November. The Australian Competition and Consumer Commission is s... |
Cemex to resolve Bogota dispute30 June 2004, Published under Cement NewsThe dispute between Cemex and the administration of Bogota city, Colombia, regarding a pledge for Cemex to indemnify Bogota for the damages caused by bad quality cement supplied by it to the Transmilenio urban transportation ring, is to be discussed in the Paris Chamber of Commerce, France. Bogota claims US$20m from Cemex, while Cemex has apparently stated that would only accept to settle 50 per cent of this sum. |
Dutch ENCI to reorganise30 June 2004, Published under Cement NewsThe ENCI works in Maastricht, southern Netherlands, will shortly start a large-scale reorganisation, it was reported on June 29, 2004. Forced redundancies are not to be ruled out, an ENCI spokesperson said. ENCI, owned by German concrete producer Heidelberg Cement AG, has to start operating more efficiently, as a result of the stronger competition from Germany. According to the spokesperson, the German cement is much cheaper than the cement manufactured in the Netherlands or Belgium. As a ... |