Cement News tagged under: international
Heavy buying in cement shares leads to recovery on KSE03 June 2004, Published under Cement NewsStocks on 2 June staged a snap recovery despite tense city situation boosted by heavy buying in cement shares amid hopes of rising export prospects to Dubai. The KSE 100-share index rose by 8.27 points at 5,461.84. According to market sources, cement prices have soared by 125 per cent during the last about one month and market talk of opening of another export triggered fresh buying in almost all the cement shares even at the highly inflated levels. Fauji Cement was again massively tr... |
Ghacem Holds Workshop in Kumasi03 June 2004, Published under Cement NewsNANA OWUSU Ansah, chairman of the GHACEM Cement Distributors Association in the Ashanti Region has advised block-makers, masons and other cement users to use the product correctly in order to ensure the quality and durability of their constructions. He was speaking at a workshop on the correct usage of GHACEM Super Strength Portland Cement Class 42.5N organized by GHACEM Limited at the Miklin Hotel, Kumasi, last weekend. The workshop, a follow-up to one held in Accra, was attended by m... |
Modest rise in May despatches02 June 2004, Published under Cement NewsIndia’s cement majors have reported a moderate increase in dispatches of cement, year-on-year, for the month of May 2004. ACC reported dispatches of 1.40Mt for the month, which is 2 per cent higher than dispatches, at 1.37Mt, reported by the company for May 2003. Production rose 2.19 per cent, to 1.40Mt , from 1.37Mt. UltraTech Cemco (earlier L&T Cement), along with subsidiary Narmada Cements, reported a 6.44 per cent increase in combined dispatches of cement and clinker for May 2004, at 1.4... |
Ghacem to produce limestone cement02 June 2004, Published under Cement NewsWith the support and co-operation of the government, Ghacem has secured a mining license to begin work on the limestone deposit in the Eastern Region. A spokesman said the company has invested US US$8 million into a new and modern equipment at the Tema and Takoradi factories which has led to the introduction of a newly improved product known as "Ghacem Super Strength Portland Cement Class 42.5N", introduced on January 5, 2004. |
Leon cements his position02 June 2004, Published under Cement NewsChris Leon is the CEO of Cement Australia. On 2 June 2004, he celebrates the first anniversary of the merger that created Australia’s largest cement company. It is likely that he is thankful that he is not attempting the merger in 2004, given the Australian Competition & Consumer Commission’s (ACCC) attitude towards the proposed merger between Boral and Adelaide Brighton, which is likely to turn into a court battle. Leon says that the timing was fortuitous, and that the current regime at the ... |
All change at Hanson02 June 2004, Published under Cement NewsUK-based Hanson Plc will rebrand most of its Australian businesses, which include Pioneer cement, Hymix concrete and Besser bricks. Its Australian operations will adopt the Hanson brand, four years after the British building materials group entered the Australian market. The rebranding exercise includes repainting its fleet of 1,500 trucks and issuing employees with new uniforms. Hanson’s Australian operations contribute around 13 per cent of its profits. The rebranding will not include the ... |
Cement manufacturers under further inquiry02 June 2004, Published under Cement NewsCement manufacturers are still in the spotlight of the German competition authority (Bundeskartellamt). The Bundeskartellamt recently conducted a search following tip-offs from cement purchasers according to which some manufacturers continued to apply anti-competitive market allocation and price agreements. In addition, the aim of the search was to obtain information for the evaluation of the earlier appeals lodged by companies. |
Investors brace for Australia’s Boral court fight01 June 2004, Published under Cement NewsAustralian building products group Boral Ltd has only a slim chance of buying cement maker Adelaide Brighton after the nation’s anti-monopolies body vowed to get the federal court to block the move, analysts said on Monday. Investors apparently agreed - reports the Sydney morning Herald. Adelaide Brighton’s market capitalisation, the total of all its issued shares, ended on Monday at about A$710 million, 18 percent below Boral’s A$867 million ($615 million) bid as investor confidence in t... |
Construction industry pushes cement demand up01 June 2004, Published under Cement NewsThe Mexican cement industry chamber CNIC (Camara Nacional de la Industria del Cemento) estimates the domestic market to increase 4% - 5% on 2004, pushed by residential construction. Sales were already up 5% over Q1/2004 (Jan -March). The construction industrial GDP is to increase 3,8% above the Mexican GDP. |
Indian cement consumption climbs01 June 2004, Published under Cement NewsIndia’s cement consumption grew by 6 per cent in 2003/04, even as the northern state of Uttaranchal recorded a prodigious 20 per cent growth, a sign of impressive increase in construction activities in the state. Karnataka and Jharkhand occupied the second spot with 15 per cent consumption growth in 2003/04 while Delhi recorded 14 per cent growth, according to the latest data compiled by the Cement Manufacturers’ Association. |