Cement News tagged under: international
Minority shareholders in L&T raise objections03 February 2004, Published under Cement NewsThe minority shareholders of Larsen and Toubro Ltd have voiced their displeasure over the scheme of arrangement involving demerger of its cement business and moved five amendments which were defeated by a majority vote. The proposal envisaging vertical demerger of company’s cement business and eventual transfer to Grasim Industries Ltd (BSE:GRAS), an Aditya Birla group company was placed for shareholders approval at the High Court convened Extraordinary General body Meeting here. The shareh... |
Chekka residents’ worst pollution fears03 February 2004, Published under Cement NewsLebanon: Koura and Chekka residents have been complaining about rising air pollution levels for years. Despite a series of anecdotal accounts of respiratory diseases, residents’ could not conclusively prove the risk of exposure to air pollution. But a new study that was recently released by the Lebanese American University might just help them in their quest to raise awareness of this issue. The report has detected that harmful chemicals are at unsafe levels in the area. Raouf Youssef, dire... |
Spassktsement ups output 23 per cent03 February 2004, Published under Cement NewsVladivostok: Spassktsement increased product output 23 per cent last year to 585,000t, report sources at Vostoktsement, of which Spassktsement is part. Spassktsement, located in the Primorye territory, prepared 632,200t of clinkers last year, seven per cement more. The company is a major Far Eastern producer of both packaged and unpackaged Portland cement. It plans to ship 729,800y of product this year. |
Nigeria arrests suspects for fake cement03 February 2004, Published under Cement NewsThe war by the Standards Organization of Nigeria (SON) against fake products has paid off with the arrest of some suspects for allegedly re-bagging adulterated cement products, a SON official said here Tuesday. John Akanya, director-general of the SON, told reporters that the arrests were made when the officers of the SON’s Enforcement Unit raided a satellite town in Lagos. According to Akanya, the SON officials found crushed and wasted cement awaiting to be bagged as fresh cement in the Ki... |
Boral bidder statement for Adelaide Brighton02 February 2004, Published under Cement NewsBoral Ltd has despatched the bidder’s statement for its offer for Adelaide Brighton Ltd. Under the offer, ABC shareholders will receive A$1.55 in cash from Boral for each ABC share, which will be increased to A$1.60 if Boral at least 90 per cent of ABC shares and the offer becomes unconditional. Boral points out that the independent directors of ABC, Malcolm Kinnaird, chairman, Chris Harris, Mark Chellew, managing director and Les Hosking recommend that ABC shareholders accept the offer, in ... |
Indonesia 2003 domestic cement sales02 February 2004, Published under Cement NewsIndonesian domestic cement sales in 2003 were almost flat, growing only one percent from the year earlier, the country’s top cement producer PT Semen Gresik Tbk (SMGR.JK) reported on its website on Sunday. Analysts had expected a relatively flat cement sales growth last year due to weaker demand following rises in fuel and utility prices but forecast better performance in 2004 as the election year would bring more infrastructure projects. "We expect the re-instatement of government’s infras... |
Future looks bright for Apasco02 February 2004, Published under Cement NewsAlong with the fine future for Holcim Apasco predicted by analysts, the risk-rating agency Standard & Poor’s (S&P) has decided to place the company’s debt on its special list for revision with the implication being that the rating will be improved. This comes just a week after Swiss firm Holcim Ltd announced its intention to acquire the remaining 31.1 per cent of the firm’s capital for US$750m. "This will be a very intelligent purchase because it will raise the capacity of Apasco to negot... |
Katavsky resumes operation02 February 2004, Published under Cement NewsJSC Katavsky Plant (locat6ed in the Chelyabinsk region) has resumed operation and plans to boost production to 1Mta. On Jan 24, 2004 two out of four kilns were put back into operation and 3500 tons of clinker was produced. After purchasing the plant with companies affiliated with Eurocement the plant’s debt to budget, fuel and electric power suppliers was restructured. Arrears of wage which has not been paid since June 2003 was completely paid off. In 1Q2004 the plant plans to produce 180,000... |
Turkish Ergani Cimento halts production02 February 2004, Published under Cement NewsTurkish cement maker Ergani Cimento ceased production, due to financial difficulties, company general manager Metin Oral said on January 30, 2004. The move follows the decision of Turkish banking watchdog to freeze the accounts of Ergani Cimento a month and a half ago. The company said it could no longer pay the salaries to its 254 employees. Ergani Cimneto is 100 per cent owned by local Rumeli Holding, which privatised the company for US$46.7m in 1997. Rumeli Holding, with interests in... |
Colombian cement sales up by 6.2 per cent in 200302 February 2004, Published under Cement NewsAlthough grey cement sales barely expanded during December 2003 (0.4 per cent when compared to December 2002), annual sales were up by 6.2 per cent as Colombian cement makers sold 5,440,764t of cement during 2003, according to figures from the ICPC, Colombia¹s cement association. The positive trend could be noted in particular in the bulk sector, which saw a 19.2 per cent rise to 1,154,865t. Bagged cement sales increased by 3.1 per cent to 4,285,900t. Consequently, per capita cement cons... |