Cement News tagged under: international
UAE Gulf Cement to invest25 May 2004, Published under Cement NewsUAE cement maker Gulf Cement Company, based in the emirate of Ras al-Khaimah, will invest between US$80m to build a clinker plant in Ras al-Khaimah, it was reported on May 25, 2004. The company has signed a letter of intent with the German steel and engineering group ThyssenKrupp for the construction of the new plant, which will be built on the grounds of the company’s current plant. The plant will have an annual capacity of 2.25Mt of clinker and is expected to be built within 22 months... |
Cemex thinks US cement tariff will go25 May 2004, Published under Cement NewsMexican cement producer Cemex is confident that the US government will eliminate anti-dumping duties against Mexican cement imports in September, El Norte reported. Cemex is confident the US department of commerce will eliminate the tariff, which has been in effect for more than 10 years. The Mexican government has already appealed against the tariff to the World Trade Organization and is waiting for the US to respond. |
First quarter cement sales up25 May 2004, Published under Cement NewsCement sales in Bolivia grew to 275,986t in the first quarter, 13 per cent higher than the 244,154t recorded in the corresponding period in 2003, Correo del Sur reported. The leading regions for sales were Chuquisaca, La Paz and Cochabamba, recording sales of 75,993t, 64,306t and 51,963t respectively, according to information from the Bolivian institute of cement and concrete, and the national statistics institute. |
File closed on bid by CRH25 May 2004, Published under Cement NewsEgypt’s Misr Beni Suef Cement (MBSC) said on Monday its file on a possible takeover by Irish construction company CRH Plc was "completely finished", quashing rumours of a possible takeover. Takeover talk surrounding the small Egyptian cement producer has been rife on the bourse, lifting the entire sector. Analysts say MBSC is one of the most likely acquisition targets as it is one of the few Egyptian cement firms with no foreign ownership and has high growth prospects. But Vice Presiden... |
Polish cement sales advance25 May 2004, Published under Cement NewsFigures released by the Polish Cement & Lime Association show that cement deliveries in April were in excess of 1.5m tonnes and 71% higher than during the same month last year. This comes on top of a 50% increase in cement sales during the January to March period. A less severe winter certainly helped the first quarter volumes and there appears also to be some underlying improvement in construction activity, but the main impact behind the sharp rise in the cement tonnage, certainly during ... |
Indonesian cement output up24 May 2004, Published under Cement NewsIndonesia’s cement consumption in the first quarter of 2004 reached 6.652Mt, which was a 9.7 per cent increase compared to the 6.064Mt in the corresponding period of 2003. But at the same time, Indonesia’s cement exports during the same period dropped by 16.7 per cent from 1.771Mt (2003) to 1.475Mt. PT Semen Baturaja is quaoted as saying that the domestic cement industry is currently focusing on the domestic market, as prices are more favourable that those on the export market. Baturaja... |
Lilama signs for new plant24 May 2004, Published under Cement NewsRepresentatives of Hung Vuong Cement Plant and Vietnam Construction and Machinery Installation Corp, or Lilama, signed an engineering and procurement (EPC) contract on Saturday in Hanoi to build the plant in the northern province of Phu Tho. Once in place, the cement plant will annually produce 910,000t of clinker. Lilama general director Pham Hung said the EPC contract would be jointly realized by his corporation, the Tianjin Cement Design Institute, the Corporation for Housing and Urban Dev... |
Semen Padang spin-off protests24 May 2004, Published under Cement NewsDozens of local public leaders and senior politicians have renewed their pressure on the central government to spin off West Sumatra-based cement maker PT Semen Padang from its parent company PT Semen Gresik. They issued a petition signed by a group of prominent local leaders during a rally at the West Sumatra governor’s office on Saturday. The rally, organized by the province’s Indonesian Youth National Committee (KNPI), involved more than 200 protesters. The petition’s signatories in... |
Grasim, L&T to vote together24 May 2004, Published under Cement NewsLarsen & Toubro (L&T) will vote with Grasim Industries in the demerged cement company UltraTech Cemco till it exits the company in 2009. This is significant because after Grasim Industries’ open offer for an additional 30 per cent stake, L&T will be the third largest shareholder in UltraTech Cemco, with a 11.5 per cent stake, after the AV Birla group flagship (51.1 per cent) and the financial institutions together (16.5 per cent). Had L&T not decided to vote with Grasim Industries, L&T and... |
Cement production up by 23.5%24 May 2004, Published under Cement NewsIn April, cement production in the Ukraine rose by 23.5 per cent or 186,000t compared with April 2003, to 977,000t. In April, cement production rose by 28.9 per cent or 219,000t compared with March 2004 figures. In 2003, cement production rose by 24.7 per cent compared with 2002, to 8,916,000t. Nationwide capacity is monitored at around a present 20Mt. |