Cement News tagged under: international
Siam Cement needs projects06 January 2004, Published under Cement NewsSiam Cement, Thailand's largest cement producer and distributor, has urged the government to speed up work on infrastructure projects planned for this year so that the cement industry can enjoy sustainable long-term growth. Pramote Techasupatkul, president of Siam Cement Industry Co, a flagship of SCC, said the construction of infrastructure projects would benefit the industry in the long run because they will require huge quantities of cement. For housing projects, the volume of cement us... |
Chilanga Cement has the capacity06 January 2004, Published under Cement NewsImportation of cement into Zambia will only be allowed when there is a production shortfall at Chilanga Cement Plc, Ministry of Commerce, Trade and Industry permanent secretary Davidson Chilipamushi has said. "We can only allow importation of cement under special circumstances, otherwise we are not in support of it," he said. "But I don't think it would be right to completely ban the importation. It should only be allowed on account of operational problems at Chilanga Cement Plc which may c... |
Holcim`s Particim cuts Cimpor stake06 January 2004, Published under Cement NewsHolcim AG's Particim subsidiary further reduced its stake in Cimpor Cimentos de Portugal SA to 0.62 per cent by selling 20.000 mln shares to C+PA - Cimento e Produtos Associados, Canal de Negocios cited Cimpor as saying. The price was not disclosed. Cimpor said Holcim now has 4,224,995 shares, giving it 0.62 per cent of capital and 0.634 per cent of voting rights, the report said. The Swiss cement maker, which at one time held 10 per cent of Cimpor, cut its holding to 3.6 per cent in Octob... |
Turkey cement output06 January 2004, Published under Cement NewsTurkey's cement output increased to 26,946,360t between January and September 2003, up by 6.07 per cent year-on-year. Factories in the northwestern Marmara region produced 7.636Mt of cement, followed by factories in central Anatolia with an output of 4.592Mt, the Turkish Union of Cement Producers said on January 5, 2003. Turkey's cement exports totalled 5,554,952t, up by 1.012Mt compared to the same period of 2002. The Turkish cement sector exported to Iraq some 400,000t of cement worth $2... |
J&K cement to expand capacity06 January 2004, Published under Cement NewsJ&K Ltd is planning to expand the capacity of its existing plant in Jammu by 600tpd involving an outlay of Rs 64.16 crore. Of the Rs 64.16 crore, the Planning Department has already agreed to release Rs 22.91 crore towards the equity share capital on the basis of debt equity ratio, while the balance is being arranged from financial institutions as term loan. The Board has agreed in-principle to hire Holtec Consulting Private Ltd (HPLC) for the expansion programme, which is to be completed w... |
RMC Analysis06 January 2004, Published under Cement NewsSelling much of its stake in Australian subsidiary ABL to Boral and others, UK-based RMC looks to be managing its affairs better than previously expected. Merrill Lynch takes a snapshot view. Having sold the first 19.9 per cent of their 54.8 per cent-owned Australian subsidiary ABL to bidder Boral at AUD1.55, RMC have sold a further 20 per cent to a third party for A$1.40, analysts at Merrill Lynch sees the first step as a good price given the limited range of bidders (only Boral has syn... |
Buzzi Unicem takes formal control of Dyckerhoff05 January 2004, Published under Cement NewsAt the beginning of January, Buzzi Unicem paid €2.6m for a 0.5% interest in the Dyckerhoff ordinary share capital, taking its stake to 50.07% and thus a majority. Assuming the exercise of the existing options, the Italian cement group should have 91.20% of the Dyckerhoff voting capital by January 2005. In addition, Buzzi Unicem owns 62.2% of the non-voting Dyckerhoff preference capital. As from this year, Dyckerhoff will be fully consolidated into the Buzzi Unicem accounts. With the beg... |
Government cuts import duties05 January 2004, Published under Cement NewsThe Philippine Department of Trade and Industry (DTI) has decided to slash P5 off the definitive safeguard duties imposed on all cement imports over the past two years after local producers failed to justify the recent increases in the domestic cement prices. In a press conference, acting Trade Secretary Cristobal Jr. told reporters that the DTI has issued a department order reducing the P20.6 per bag definitive safeguard duties imposed on all cement imports to P15.6 per bag. Cristobal sai... |
Pakistan cement demand05 January 2004, Published under Cement NewsDemand for cement grew during the second quarter of the current fiscal year but the rate of growth declined compared with the first quarter, a statement issued here Friday quoted Tariq Saigol, chairman, All Pakistan Cement Manufacturers Association (APCMA), as saying. Mr Saigol said the slowdown in growth might be due to the impact of the winter season in the northern areas, lower demand in Afghanistan and a slackening of development activity in the North West Frontier Province. Nevertheless... |
Indonesia seeks investors for Gresik05 January 2004, Published under Cement NewsThe Indonesian government has been approaching potential investors from Japan and South Korea to purchase Cemex Asia Holding's 25.5 per cent stake in the country's largest cement maker PT Semen Gresik, amid expectations that Cemex will sell its stake in the Indonesian firm. Investors from Japan and South Korea better understand the culture, politics, regulations and social condition in Indonesia," local newspapers quoted a source as saying. State Enterprises Minister Laksamana Sukardi had s... |