Cement News tagged under: international
Corporacion Noroeste12 January 2004, Published under Cement NewsSpanish cement manufacturer Corporacion Noroeste will invest Euro 9.4m in a new mortar plant in Boqueixon, Galicia region, northwestern Spain. The construction works will begin in February 2003. The factory is scheduled to begin commercial operation in 2005. The factory will have a capacity of 200,000 tonnes of mortar annually. The mortar produced will be marketed mainly in northwestern Spain and Cantabria region, northern Spain. It will be marketed mainly to home construction companies for... |
New plant for Angola?09 January 2004, Published under Cement NewsAbout US$50m will be invested by a ste-run Chinese engineering group in the installation of a new cement factory at Kicombo, in Angola's Central Kwanza-Sul Province, according to local news sources. According to the Director of the Ministry of Geology and Mining, Joao Diogo, the installation of the factory will start in the second half of 2004 and will create 300 new jobs. At the same time South Korean interests (linked to South African specialists) are said to be engaged in exploratory work ... |
Indian mini-budget09 January 2004, Published under Cement NewsCement companies are set to reap significant benefit from January's mini Budget. Industry leaders said the government¹s decision to snip the customs duty on coal by 10 per cent, from 25 per cent to 15 per cent, would have a positive impact on the bottom lines of cement companies. Anil Singhvi, executive director, Gujarat Ambuja Cements said, ³The comnbined impact of the reduction of import duty on coal from 25 per cent to 15 per cent and the abolition of the 4 per cent special additional dut... |
Thai TPI Polene sees EBITDA rising in 200409 January 2004, Published under Cement NewsThailand's third largest cement maker, TPI Polene PCL , has said it expects 2004 earnings before interest tax, depreciation and amortisation (EBITDA) of about eight billion baht (US$202m). Chief executive Prachai Leophairatana told reporters the forecast showed significant improvement from EBITDA of about six billion baht |
Cement supplier donates money to benefit children09 January 2004, Published under Cement NewsGlobal cement supplier Holcim turned over a donation of 32,000 Swiss francs, to the Nabunturan Child Assistance Program and ERDA TECH at a cocktail party billed "Dreams in Color" held recently at the Phinma Plaza in Rockwell, Makati. The turnover ceremonies were headed by Holcim Exco Deputy Chief Executive Officer Urs Bieri and Union Cement Corp Chief Operating Officer Paul O'Callaghan. 20,000 Swiss francs was given to NCAP project administrator Lydia Bendicto. She was joined by Nabunturan Ma... |
Cement manufacturers not happy with tariff cut09 January 2004, Published under Cement NewsThe Trade department's decision to lower by P5 the duty on cement is a good compromise for both local manufacturers and consumers. Industrialist and consumer advocate Raul T. Concepcion said the Trade department's decision to slash the cement safeguard duty to P15.60 is more practical than an earlier plan to reduce the duty by P10, which would have resulted to a revised duty of P10.60 per 40 kilogram bag. "It's a good win-win situation and I think at the end of the day they would be happy,... |
Chinfon plans US$250m investment09 January 2004, Published under Cement NewsVietnamese cement manufacturer Chinfon Haiphong has said it will invest an extra US$250m to expand its operations. The investment will go to a 500,000 tons/year clinker grinding station in Hiep Phuoc Industrial Park in HCMC and a second production line at its existing factory in the northern port city of Haiphong, said general director Tony Liu. Speaking at a dealers' conference in HCMC on Monday, he said work on the clinker grinding station would start next year. Chinfon Haiphong is seeking... |
Cement Exports to Yemen09 January 2004, Published under Cement NewsYemen imported Egyptian cement worth $4.4m in 2002, according to official statistics. Yemen's cement imports totalled US$40.6m in 2002, up from US$36.8m in 2001 and US$32m in 2000. |
Indian cement sales09 January 2004, Published under Cement NewsThe Cement Manufacturers Association(CMA) said India's total cement sales were 9.84Mt in the month of December, 2003, up 3.5 per cent from 9.51Mt a year ago. Total cement output was 9.96Mt in the period under review, up 3.9 per cement from 9.59Mt a year ago. Cement sales in December rose 9.4 per cent over November, while output was up 6.3 per cent during the period. For the April-December period, total cement sales was at 84.84Mt, up 4.26 per cent, from 81.37Mt in the corresponding period la... |
AdBri caves In To Boral`s $867m offer08 January 2004, Published under Cement NewsBoral cleared the first hurdle in its bid to acquire Adelaide Brighton yesterday after winning over the cement and lime producer's independent directors, sweetening its takeover offer by A$27 million to A$867m. Speculation that AdBri would reject Boral's three-week-old, $840m bid with a possible earnings upgrade or even news of a rival bid faded late yesterday after AdBri said the lift in the offer from $1.55 to $1.60 a share was a "good result" for shareholders. Before trading was halted... |