Cement News tagged under: international
Fight over AdBri looming13 May 2004, Published under Cement NewsFollowing reports yesterday that the Australia’s competition watchdog ACCC was planning to block Boral’s US$862m takeover bid for rival Adelaide Brighton, with ACCC chairman Graeme Samuel saying he opposed the takeover as it was likely to have "significant detrimental effects" on competition in the downstream cement and pre-mixed concrete markets. He has subsequently sought an undertaking from Boral that it would not proceed with its friendly $1.60 a share bid. "If the undertaking is not ... |
ACC sees volume growth13 May 2004, Published under Cement NewsIndia’s top cement maker Associated Cement Companies Ltd expects volume growth in the year to March 2005 to top an industry average of eight per cent, a senior official said on Wednesday. Ashok Jain, executive director of ACC, told Reuters in an interview that strong appetite from the construction, industrial and infrastructure sectors would continue to drive demand in India, the world’s biggest cement consumer after China. "The good monsoon of last year will result in a better growth r... |
Shiva Cement’s search for partner13 May 2004, Published under Cement NewsFor the second time in four years that the Rourkela-based Shiva Cement Ltd, India, has failed to find a strategic partner despite several attempts made by its merchant banker. In August 2003, the board of directors of Shiva Cement mandated SBI Capital Markets to search and negotiate a deal for a partner. Mr RP Gupta Managing Director of Shiva Cement told the Indian Business Line, that no development has taken on this front and currently SBI Capital Markets is "going slow". Industry sour... |
Cementos Bío Bío posts US$8.48m13 May 2004, Published under Cement NewsChile’s Cementos Bío Bío posted a 5.409bn-peso (US$8.48m) consolidated net profit in the first quarter, up 13.5 per cent from 1Q03, Cementos said in a statement to the country’s securities regulator (SVS). The increase was due to higher sales and lower operating costs as a result of efficiency and productivity efforts, the company said. For the period, operating profits grew 6.83 per cent to 7.49bn pesos and revenues were up 7.69 per cent to 39.6bn pesos. In 2003, Cementos posted a 20bn-pe... |
Spanish Cementos Portland13 May 2004, Published under Cement NewsSpanish cement maker Cementos Portland Valderrivas SA, posted a net profit of Euro 20.3m for the first quarter of 2004, a 2.0 per cent year-on-year decrease, the company reported to Spanish stock market regulator CNMV on May 12, 2004. Gross operating profit totalled Euro 56.8m, a 5.8 per cent increase. The profit from ordinary operations stood at Euro 32.7, up 4.1 per cent. Pre-tax profit decreased 2.9 per cent to Euro32.9m Turnover of the company reached Euro 200.9m, a 6.7 per cent rise. Do... |
ACCC to oppose Boral takeover12 May 2004, Published under Cement NewsThe Australian Competition and Consumer Commission would oppose the proposed acquisition by Boral Ltd of Adelaide Brighton Ltd, ACCC chairman Mr Graeme Samuel said today. "The ACCC has sought an undertaking from Boral that it will not proceed with the acquisition," Mr Samuel said. "If the undertaking is not given we will take appropriate action in the Federal Court. "The ACCC’s investigation found that the proposed acquisition is likely to have significant detrimental effects on compet... |
Lafarge Malayan sees low demand growth12 May 2004, Published under Cement NewsLafarge Malayan Cement expects cement demand growth in the country to fall to low single-digits from about 20 per cent last year, due to the slowdown in construction activities as a result of steel shortage, president and CEO Quah Thain Khan said. Quah said the outlook for the cement industry for the current year is not as good as expected because the steel shortage issue has affected demand for other materials in the construction sector. On the outlook for the company, Quah said that "at ... |
TPI cement price trends12 May 2004, Published under Cement NewsPrachai said it is asking state-owned Krung Thai Bank Plc to guarantee its planned debentures of around $600 million for debt refinancing. TPIPL wants creditors to waive about $120 million in accrued interest, a similar interest waiver formula that creditors have used with that of Switzerland-based Holcim, Prachai said. TPIPL and the creditor committee will meet on May 14 to discuss the matter, he added. Local demand for TPIPL’s cement products remain strong to the extend that it rarely... |
US cement shortage - Bush to invade China?12 May 2004, Published under Cement NewsA cement shortage that has hammered much of the Southern US States could be migrating north and driving up the price of concrete. The shortage has been acute this spring in Florida and Texas, where it has brought some construction projects to a grinding halt. In Wisconsin, building contractors say they haven’t run short of cement, but prices have gone up several times since February and are expected to rise again soon for a total of about 12 per cent so far this year. China is blamed for ... |
Portugal Q1 2004 cement sales down12 May 2004, Published under Cement NewsCement sales in Portugal fell 2.0 per cent to 2,043,600t for the period January to March 2004, data from the country’s Association of Building and Public Works Companies (AECOPS) showed on May 11, 2004. The value of Portuguese public work tenders increased by 18.6 per cent year-on-year in April 2004 to 1.119 bln euro ($1.327 bln), AECOPS added, while the number of public work tenders in Portugal rose 28.8 per cent to 1086 tenders. The utilisation capacity of Portuguese companies decreased t... |