Cement News tagged under: international
Ghacem donates cement14 January 2004, Published under Cement NewsThe Ghacem Foundation of the Ghana Cement Company Limited has donated 100 bags of cement to Kotokuom near Nkawie in the Atwima District of Ghana for the rehabilitation of schools in the town. The donation, which forms part of the Foundation's special allocation package, was in response to an appeal made to the company by the community for rehabilitation of schools. Mr George Dawson-Amoah, Marketing Director of Ghacem, who made the presentation at Kotokuom at the weekend, said the gesture was... |
Vietnam white cement secures ISO standard14 January 2004, Published under Cement NewsA white cement company has become the first Vietnamese cement producer to be awarded an international standard certificate. Germany¹s Tuv Rheinland Group granted the ISO 9001 certificate last week to the State-owned Materials Trading and Building Materials Import and Export Company. The cement, sold under the name of White Horse, is one of several major products of the company, which operates under the Building Materials Corporation No1. The cement factory, located in Bien Hoa Industrial ... |
Pakistan stocks make history14 January 2004, Published under Cement NewsThe Karachi stock market created history yet again this week as the index closed at an all-time high level, helped by buying at the dips by institutions and investors in the cement and energy sectors, analysts said. The benchmark KSE 100-share index gained 9.61 points, or 0.21 percent, to close at 4,607.51 points against Monday¹s closing of 4,597.90 points. The previous record closing of the index was at 4,606 points made on September 12. The cement sector was the major gainer of the day, wi... |
Chilanga to consult on imports13 January 2004, Published under Cement NewsThe Zambian Ministry of Commerce, Trade and Industry has advised Chilanga Cement to consult the ministry before importing cement to offset their production deficit. Commenting on media reports that Chilanga Cement was contemplating importing cement from South Africa to supplement local production, permanent secretary Davidson Chilipamushi said the company should first approach government for import clearance. "We know that Chilanga Cement has had problems with their production equipment of l... |
Nghi Son Cement invests U$100m for new line13 January 2004, Published under Cement NewsGeneral Director Nghi Son Cement Company in Thanh Hoa province, Vietnam, Ryuichi Hirai has announced an agreed investment plan of U$100m to build second production line with annual capacity of 2.15Mt, raising total capacity of the plant to 4.3Mta, becoming the largest cement company in Vietnam. The company, a joint venture between Taiheiyo, Mitsubishi and VNCC, will also invest to build a distribution station in the Central and two specialiced cement ships each to carry 30,000t cement in bulk... |
Lafarge Korean acquisition13 January 2004, Published under Cement NewsLafarge, which has held a 39.9 per cent interest in Lafarge Halla Cement in South Korea since 2000, now owns a 50.1 per cent stake following the acquisition of 10.2 per cent of the company's shares from the State of Wisconsin Investment Board for US$71m. The State of Wisconsin Investment Board remains a shareholder with a 19.9 per cent. Lafarge Halla Cement, the fourth-largest cement producer in South Korea, owns three industrial facilities and has an annual cement capacity of 7.5Mt. "S... |
Swiss cement sales13 January 2004, Published under Cement NewsSwiss cement sales stood at 3.699Mt in 2003, down by 1.9 per cent year-on-year, the Swiss cement industry association Cemsuisse said on January 12, 2004. Cemsuisse expected an up to 5.0 per cent annual drop in cement sales for 2003. The country's cement sales fell in the first three quarters of 2003 in comparison to the same period of 2002, while in the fourth quarter they registered a 4.0 per cent year-on-year increase. Cement sales in the cantons of Appenzell-Ausserrhoden, Uri and Lucern... |
Votorantim Canadian loan13 January 2004, Published under Cement NewsSt. Marys Cement Inc, a Toronto, Canada-based cement production unit of Brazil's industrial conglomerate Votorantim, has received a US$325m loan from a bank syndicate led by US Citigroup Global Markets Inc. The operation is aimed at refinancing another syndicated loan of US$300m related with the company's acquisition by Votorantim in 2001. The present syndicated loan was extended by 10 banks. "The company was new and had no performance to show on the market," Marcelo Martins, chief fina... |
Nuh Cimento seals export deal with Holcim13 January 2004, Published under Cement NewsAccording to Nuh Cimento, Nuh Cimento will export US$100-130m cement and clicker annually for five years to Holcim. To this end, Nuh Cimento has started US$135m investment which will raise its clinker capacity to 4.1Mt from 2Mt, and cement capacity to 5.1Mt from the current 2.5Mt. Half of the investment will be financed through internal resources, half of it will be met by foreign loans at an interest rate of LIBOR+0.5 per cent. Nuh Cimento will also make investments for its increased energy... |
Rail shortage halts cement13 January 2004, Published under Cement NewsCement production in Eastern India has been severely hit due to an acute shortages of railway trucks required to transport clinker. Production was hit the hardest in the past two months. Cement units of Gujarat Ambuja Eastern, Lafarge India, Larsen & Toubro (L&T), ACC and Birla Corporation are operating at about 50 per cent of their capacity, with no trucks available to move required clinker from Madhya Pradesh and Chattisgarh. Spokesmen say it is not commercially viable to transport clinker... |