Cement News tagged under: international
Bhutan-India cement venture may be revived01 February 2004, Published under Cement NewsImproved security could shortly see a revival of the Dungsam Cement Project [DCP] in Nganglam, Samdrup Jongkhar, first mooted some 20 years ago. "The DCP is an important project not only because it is economically viable but because it could lead Dungsam to a nucleus growth centre for southeast Bhutan," he said. "Development of the DCP will have a far-reaching socio-economic impact on the people of Pemagatshel and Samdrup Jongkhar dzongkhags." said the trade and industry minister, Lyonpo Yes... |
ACC increased share activity30 January 2004, Published under Cement NewsACC has seen huge volumes on the bourses in the past two days on rumours that Gujarat Ambuja Cement Ltd is likely to offload its 14.4 per cent stake in the company, held by its subsidiary Ambuja Cement India. According to the market grapevine, Ambuja Cement India is looking to offload its stake in ACC at a price of Rs 380 with the mandate been given to Kotak Mahindra Bank. The buyers touted in the market include Lafarge and Holcim. The rumours, however, did nothing to boost the stock pr... |
Collective labour agreement signed30 January 2004, Published under Cement NewsThe management board and the independent trade union in Croatian cement maker Dalmacijacement, a subsidiary of UK producer and supplier of materials, products and services in the construction industry RMC, signed a collective labour agreement for 2004 on January 29, 2004. The agreement envisages a 4.0 per cent increase in the net monthly salary of employees which stood at over 6,700 Croatian kuna (US$1,057) in 2003. The net salary of employees does not include the salaries of managers. T... |
Cebu price rises30 January 2004, Published under Cement NewsConstruction activities on Cebu island are not expected to peak up until summer but increases in the prices of cement and other building materials are already felt this early. In its latest Price Behavior of Basic and Prime Commodities, the Department of Trade and Industry 7 noted a P14 increase in the cost of both Portland and Pozzolan cements. From last month’s price of P120, Portland now costs P134. Pozzolan, on the other hand, went up from P117 to P131 this month. Zaida Bation, chief ... |
Cemex debates new factory option30 January 2004, Published under Cement NewsOptions allowing Cemex to build cement factories can be considered an alternative by Indonesia’s government and Cemex to have out of court settlement concerning PT Semen Gresik case. Roes Aryawijaya, Deputy State Minister for State Enterprises for Mining, Telecommunication, and Strategic Industries, said yesterday that there were two options to settle the case. The first option was government should buy all Cemex-owned shares in Semen Gresik, and the second one was government should sell a... |
US cement shipments30 January 2004, Published under Cement NewsSeasonally adjusted US domestic cement shipments in October came in at 11,917Mt, 12.5 per cent up on September’s revised figure of 10,597Mt and 16.6 per cent up on the corresponding figure last year. As a result, the 12-month moving average moved into positive territory (1.6 per cent) for the first time in 16 months (note analysts at Deutsche Bank). In February this figure was -5.4 per cent. Figures are clearly benefiting from a weak comparison basis, but also from a pick up in demand due to ... |
Votorantim to invest in its NE Brazil plants29 January 2004, Published under Cement NewsBrazil’s Votorantim group will invest US$200m to double production capacity at its Cimentos Sergipe cement plant in Sergipe state, Gazeta Mercantil reported. The expansion works are in the bidding phase and should be completed in 7-11 months, the paper quoted Votorantim Cimentos’ north/northeast commercial manager Francisco Carlos Silveira as saying. Silveira also said that due to a slowdown in the local market, exports will be the best alternative to maintain production levels. Votoran... |
Turkish Bolu Cimento29 January 2004, Published under Cement NewsTurkish cement and clinker producer Bolu Cimento will transfer a ready-mixed concrete facility worth US$3.27m to a new company, it was reported on January 27, 2004. The concrete manufacturer and trader will be jointly set up by Bolu Cimento and affiliate companies. Bolu Cimento announced in October 2003 plans to establish the ready-mixed concrete company together with its parent company, army pension fund Oyak and affiliates Adana Cimento and Unye Cimento. Bolu Cimento, Adana Cimento and ... |
Compañia Uruguaya de Cemento Portland increases sales29 January 2004, Published under Cement NewsThe Minas plant of the Compañia Uruguaya de Cemento Portland (CUCP) has forecast to increase its by 150 per cent this year as the neighbouring Ancap plant is expected to close follwing a period of uncertainty, labour strikes and kiln shut-downs. Nelson Marinello, manager of the Minas facility said that for 2003, it was forecast that about 170,000t of cement would be sold, however 230,000t were delivered, 26 per cent more than expected. This increase is due to export sales to neighbour... |
Savannah Cement given ultimatum29 January 2004, Published under Cement NewsThe Savannah Cement Company in Ghana has been given up to the middle of February this year to start the Buipe Limestone Project. Failure to comply with the directive would result in the revocation of the licence for other investors to be considered. Mrs Cecilia Bannerman, the Minister of Mines who announced this in Parliament on Wednesday, said this follows the inability of the company to mobilise funds and make progress with its previous partners to undertake the project. Mrs Bannerman s... |