Cement News tagged under: international
CCI set to sign MoU for cement plant21 June 2004, Published under Cement NewsBokaro steel plant and the Cement Corporation of India (CCI) are all set to sign MoU paving way for a cement plant in Bokaro. Already two high level meetings have taken place. Further talks to finalise the pact are going on. The MoU is expected by the end of next month. If the agreement is signed then this one million ton plant will be ready in a year. A joint venture between the two companies, both will have equal equity in the project. Although the other CCI projects are running in... |
Tax exemptions and ailing cement units on acquisition radar21 June 2004, Published under Cement NewsAILING cement companies are in vogue. In a bid to take advantage of the tax shelter accorded to loss-making units, bigger manufacturers are increasingly eyeing them as prime takeover targets. Over the past few years, there have been several instances of cement majors such as Gujarat Ambuja India Cements and Grasim taking over or merging with sick companies. This includes a number of sick companies referred to the Board for Industrial and Financial Reconstruction (BIFR). Companies acq... |
Holcim Apasco withdraws from BMV21 June 2004, Published under Cement NewsAfter changing its name and image from Apasco to Holcim Apasco, the cement company left the Mexico City Stock Exchange Thursday after the conclusion of the stock purchase of its Mexican subsidiary by the second largest cement producer in the world, Swiss firm Holcim. Estimates were that the European company spent around US$750m in the process to recover stock that was held by investors. Holcim Apasco’s withdrawal from the BMV was done in three stages. The first was on March 16, when th... |
Cement prices on the rise21 June 2004, Published under Cement NewsCement prices are on the rise from a combination of increased building and lower supply, and the effect is being felt by construction companies. Ed Epping, plant manager at the Lehigh Cement Co. plant, told The Herald-Times of Bloomington that the United States imports much of its cement, and the amount being shipped from overseas has decreased recently. Fewer ships are bringing it here, and some countries have banned its export, said Epping, who runs the plant in Mitchell, about 30 mi... |
China in the spotlight18 June 2004, Published under Cement NewsTaiwan Cement Corp is vying with Chia Hsin Cement Corp for the No.1 position in terms of Taiwanese cement production capacity in mainland China. Taiwan Cement boasted it would see annual production capacity amount to 5.75Mt in the mainland in the third quarter of this year, surpassing all Taiwanese counterparts there. To keep its crown as the largest Taiwanese producer of cement in the mainland, Chia Hsin said it would strive to boost annual production capacity to exceed 6Mt by the end of t... |
Cement production highs in Gujarat18 June 2004, Published under Cement NewsGujarat state India recorded the highest cement production in the last financial year from its eight integrated works, including Grasim Industries Ltd, Gujarat Ambuja Cements Ltd and Larsen & Toubro Ltd. In April this year, Gujarat witnessed a 39.08 per cent rise in aggregate production of cement. The state recorded an output of 1Mt in the month. This is the second-highest cement production in a single month during April 2003-04. The highest production was in December: 1.2Mt. Industry ex... |
Vietnam adjusts the plan18 June 2004, Published under Cement NewsThe Vietnamese Ministry of Construction chaired a workshop yesterday in Hanoi with participation of all cement producers nationwide to adjust the national cement development plan approved by the government in November 2002. Local cement demand has risen more rapidly than the country’s initial forecast over the past years. This trend is to continue, so Vietnam should give its priority to cement production expansion by building more large-scale cement factories. The ministry also told the wor... |
New Zealand cement bouyant18 June 2004, Published under Cement NewsCement supply to Otago and Southland regions during the past two years has risen up to 20% - one of highest national increases - and is being serviced from imports from Indonesia. By the end of the year, cement supplier and manufacturer Holcim would have to make a decision on spending possibly tens of millions of dollars increasing its production capacity, managing director Rex Williams said when contacted yesterday. ’’Construction activity around New Zealand is well up. We will have to... |
Cimpor plans Indian acquisition?17 June 2004, Published under Cement NewsIn what could signal another step forward in the consolidation of the Indian cement sector, Cimpor has appointed merchant bankers HSBC Securities and KPMG to identify acquisition targets within India. Industry sources said merchant bankers acting on behalf of Cimpor have kicked-off the process of initiating a dialogue with prospective cement manufacturers to work out an acquisition/strategic alliance, although talks are in "preliminary stages." Though no confirmation is available, industry o... |
Fortune Cement upgrading plant17 June 2004, Published under Cement NewsFortune Cement Corp, a unit of Republic Cement in the Philippines, has allocated P700 million to improve facilities. Renato C. Sunico, Fortune Cement chairman, said the amount would be used to upgrade equipment, in turn boost production to one million tons per year. Fortune Cement supplies Batangas, Quezon, Laguna, Mindoro and Palawan. Republic Cement is part of the Lafarge Group in the Philippines. "We are now in the process of upgrading our kiln from 2500 tons per day to 3200 tons p... |