Cement News tagged under: international
Omani cement price increases 50 per cent17 February 2004, Published under Cement NewsThe price of cement in Oman has recently increased by 50 per cent, officials said. The price has been deliberately hiked by local traders of cement and building materials, although the demand on the market is usual and can be met by local production, Omani cement manufacturing companies said. The cement producers in Oman presently sell their products to the local traders at 2003 prices despite the increase of cement price in several foreign countries and have called upon the traders for ... |
St Lawrence Cement Acquires a Sand and Gravel Operation in Ontario.17 February 2004, Published under Cement NewsSt. Lawrence Cement has acquired a a sand and gravel operation in Southwestern Ontario. This acquisition will secure proven reserves of approximately 50Mt. The operation will be managed by Dufferin Aggregates, a business unit of St Lawrence Cement Group. Dufferin Aggregates is a key player in the Ontario construction sector, having supplied premium quality aggregates to that market for 40 years. This acquisition will provide the company with sand and gravel reserves to supply customers in... |
Turkish Adana Cimento Exports to Iraq at US$5.7m 200317 February 2004, Published under Cement NewsTurkish cement manufacturer and retailer Adana Cimento in Adana, southern Turkey, exported 160,000t of cement worth US$5.7m to Iraq for 2003, the company’s director general Cengiz Gocer said. Adana Cimento plans to boost cement exports to Iraq to 200,000 tonnes in 2004, Gocer added. |
Dangote Spurs Demand for BCC Shares16 February 2004, Published under Cement NewsInvestors have started responding to the on-going restructuring in Benue Cement Company PLC, with increased demanded for shares of the cement manufacturing company. Since it took over the management of the company following the acquisition of 35.39 per cent of the Federal Government shares from the Bureau of Public Enterprises (BPE), the Dangote Group has been restructuring the company in order to enhance its operational efficiency with what obtains in cement companies in other parts of t... |
Thai firm looks at Mangalam cement plant in India16 February 2004, Published under Cement NewsAiling Indian firm Mangalam Cement Ltd says a Bangkok-based merchant bank has visited its plant last week, boosting its shares by 10 per cent on talk of a looming buyout in a sector ripe for consolidation. Dealers in Bangkok said Siam City Cement had been linked with an acquisition in India, though a source at the Thai company declined to comment specifically on the Mangalam plant. "We have a policy that if a deal is not done, we can’t give any information," said the source, asking not... |
Privatisation Commission suspends Thatta Cement sale process16 February 2004, Published under Cement NewsThe Privatisation Commission has suspended the process of sale of Thatta Cement Company Limited (TCCL) to Al-Abbas Group as the highest bidder has challenged it before the Sindh High Court, a commission official said. Star Cotton Group, the Karachi-based company, was declared the highest bidder of TCCL in the privatisation which took place in November 2003, but it failed to deposit the required money within the prescribed deadline. Consequently, the commission declared Star Cotton Group a... |
Hawaiian Cement contract talks resume16 February 2004, Published under Cement NewsContract negotiators seeking to end a strike at Hawaiian Cement recessed tonight. But they plan to go back to the bargaining table on Tuesday 17 February. Teamsters Local 996 President Mel Kahele said the union had hoped to reach an agreement during the first negotiation session in nearly a week. Kahele had said during a break in the talks that progress was being made on a key issue of health benefits. The negotiating session was the first since last Friday night. The 67 striking w... |
CKI’s concrete unit to merge with Hanson’s HK arm16 February 2004, Published under Cement NewsCheung Kong Infrastructure Holdings (CKI), controlled by tycoon Li Ka-shing, said it will merge its concrete unit Anderson Asia (Holdings) Limited with the Hong Kong arm of Hanson PLC. The merger will create the largest quarrying firm and concrete producer in Hong Kong, with over one-third market share. The deal should be completed by the second quarter of this year, the company said in a statement. CKI said the partnership will be run on a 50-50 basis, and that the merged entity will ... |
Siam Cement expands retail outlets16 February 2004, Published under Cement NewsSiam Cement Marketing plans to open 150 new branches this year. This year Siam Cement Marketing plans to open 30 new Siam Cement Home Mart Max branches, up from 20 at present. The stores will specialise in home repair and decorating materials for do-it-yourselfers. In addition, Siam Cement Marketing plans to open 120 new Siam Cement Home Mart Builder branches, up from 80 at present. These stores specialise in building materials for craftsmen and contractors. They offer 20-minute loading s... |
Cement demand in Spain rises13 February 2004, Published under Cement NewsCement demand in Spain reached 3.4Mt in January 2004, up 1.64 per cent year-on-year, Spanish Cement Makers Association Oficemen said on February 12, 2004. Spanish cement makers produced 3.12Mt of cement in January 2004, a rise of 7.9 per cent year-on-year. For the same period, imports of cement decreased 0.5 per cent from January 2003 to 611,052t, while cement exports rose 60 per cent year-on-year to 107,740t. Cement consumption in Spain increased 5.08 per cent year-on-year to 46.2Mt in... |