Cement News tagged under: international
Buzzi Unicem raises Dyckerhoff stake04 February 2004, Published under Cement NewsFollowing Buzzi Unicem taking its voting stake in Dyckerhoff to 50.07% and thus majority control last month, both Holcim and Schwenk have now exercised their put options and sold their remaining interests in Dyckerhoff to the Italian group. As a result, Buzzi Unicem now owns 67.01% of the ordinary shares in Dyckerhoff in addition to its stake in the non-voting Dyckerhoff preference capital, giving Buzzi Unicem a 64.61% interest in the Dyckerhoff equity. The Schwenk family received around €3... |
Croatian Nexe Group to post Euro16.3m gross profit04 February 2004, Published under Cement NewsCroatian construction materials producer Nexe Group, which consists of 18 companies, expects to post between 120 mln Croatian kuna (Euro15.1m) and 130 mln kuna (Euro16.3m) gross profit for 2003, the group said on February 2, 2004. The Nexe management estimated the group activities as very successful. The name of the group was changed to Nexe from Nasicecement in July 2003. The annual capacity of the group’s parent company, cement maker Nasicecement, increased to 1.0Mta of cement. Nasic... |
Siam Cement subsidiary expands in Vietnam03 February 2004, Published under Cement NewsSiam Refractory Industry Co, a maker of bricks and heat resistant castibles, and a subsidiary of Siam Cement Group, is planning a two-billion-baht venture in Vietnam, according to managing director Somyod Tangmeelarp. The venture was planned to capitalise on rising demand for refractory materials in Vietnam where many new factories require products and materials able to withstand extremely high temperatures. Vietnam was chosen as the location for the production site due to its close proxim... |
Nova Cimangola to stop cement imports03 February 2004, Published under Cement NewsThe "Nova Cimangola" company, owned by HeidelbergCement will stop importing cement as from the second half of 2005, the Factory’s Administration Board President, Fernando Nogueira, announced in Luanda. The factory’s boss said this on Friday, following a working visit by the Speaker of the Angolan Parliament, Roberto de Almeida, to the production areas of that plant. On the occasion, he said the company will stop importing cement by mid 2005, adding that the firm will only carry on with t... |
Tough Q4 gives Cementos Lima results dip03 February 2004, Published under Cement NewsCementos Lima has reported a net profit of 81.1mn soles (US$23.3mn) for 2003, down 4.7 per cent from 85.3mn soles in 2002, according to a company results statement, due to a slowdown in public sector infrastructure investment during the final quarter, Class & Asociados analyst Mariena Pizarro told BNamericas. The company, Peru’s leading cement producer, recorded sales of 607mn soles during the year, down from 611mn in 2002. Pizarro said the results were very good considering the year-end ... |
Kymore plant to go the conveyor route03 February 2004, Published under Cement NewsBy August 2004 ACC Ltd will have its 2.25Mta capacity cement plant commissioned at Kymore in Chhattisgarh, India. The entire quantity of limestone, an estimated at 6Mta will be transported by a 11km long conveyor system linking the plant with the Nehagaon limestone mine built by Pheonix Germany in collaboration with a local partner Yule. ACC had conceived the Kymore project nearly 10 years ago, but took concrete steps towards its implementation only recently, presumably after Pheonix had dev... |
Aussi takeover hurdle03 February 2004, Published under Cement NewsAustralian building products ’minnow’ Barro Properties Pty Ltd remains tight-lipped about whether it will use its stake in cement and lime producer Adelaide Brighton Ltd to block a takeover bid by Boral Ltd. In its target’s statement issued yesterday, Adelaide Brighton reiterated its recommendation that shareholders accept the $867 million takeover bid by building products group Boral. However, director Dave Barro, who has a significant interest in Adelaide Brighton, has refrained from ma... |
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. |