Cement News tagged under: international
Vietnam Binh Phuoc.05 January 2004, Published under Cement NewsHa Tien 1 Cement Co. yesterday broke ground for a factory with annual capacity of 2Mta in the southern province of Binh Phuoc. The US$310m factory covering 77.8 hectares of land in An Loc District will be completed by the end of 2006, director Nguyen Ngoc Anh said. Binh Phuoc is one of the two southern provinces that have limestone mines for cement production. The mine in Binh Phuoc, with total reserve of some 270Mt, will supply enough material for the company in 100 years. The other mine ... |
Anhui Conch Cement purchases stakes.05 January 2004, Published under Cement NewsAnhui Conch Cement Co Ltd said it and its subsidiary, Anhui Ningguo Cement Factory, signed an agreement on Dec 25 with Anhui Changfeng Cement Co Ltd to purchase a 10 pct stake the latter held in Anhui Changfeng Conch Cement Co Ltd for 1.0 mln yuan in cash. Upon completion of the deal, the listed company will hold 90 pct stake or 20 pct of registered capital of Changfeng Conch Cement, its subsidiary will have 10 pct. Shandong Nanhua Co Ltd signed an agreement on Dec 26 with its subsidiary, ... |
China`s Huaxin Cement to buy stake in Suzhou Jinmao Cement05 January 2004, Published under Cement NewsHuaxin Cement Co Ltdsaid its shareholders agreed to buy a 51 per cent stake in Suzhou Jinmao Cement Co Ltd from two companies. The listed company will buy a 50 per cent stake in the cement company for US$27.45m from Dongfang Maobang Cement Pte Ltd and the remaining one per cent stake for 7.78 mln yuan from Suzhou Wuzhong Mudu Town Economic Development Corp. |
Nigerian WAPCO seeks $290m05 January 2004, Published under Cement NewsNigeria's largest cement maker WAPCO said on Tuesday it wanted to raise 40 billion naira (US$290m) through a combination of medium-term debt and a rights issue to restructure its debt and bolster working capital. West African Portland Cement Company, a unit of the French building materials group Lafarge, said it would seek shareholders' approval at an extraordinary general meeting scheduled for January 22 in Lagos. It aims to raise 10 billion naira through a rights issue not later than 31 D... |
Cement sales up 11 per cent.05 January 2004, Published under Cement NewsCement sales in Bolivia to October 2003 are 11 per cent higher than for same-period 2002, according to national statistics institute INE and the country's cement and concrete institute, El Diario reported. To October 31, cement sales totaled 895,693t. The double-digit growth has been attributed to a recovery in the economy, according to Samuel Doria Medina, president of Soboce, the country's biggest cement producer. Chuquisaca department has recorded the highest consumption level with sal... |
Egyptian Cement Output05 January 2004, Published under Cement NewsEgypt's cement output stood at 2.449Mt in September 2003, down from 2.739Mt in August 2003, the Central Bank of Egypt (CBE) said. Local cement sales stood at 2.371 million tonnes in September 2003, compared to 2.242Mt in August 2003, and 2.18Mt in July 2003. Egypt exported 763,000t of cement in September 2003, against 858,000t in August 2003 and 708,000t in July 2003. Egypt's cement output stood at 22.309Mt in the first nine months of 2003. Local consumption totalled 20.503Mt in the period ... |
Govt. slaps 25.8% duty on cement imports.05 January 2004, Published under Cement NewsJamaica's government has approved a 25.8 per cent duty increase on imported cement, which pushes the total duty to 40.8 per cent. The Anti-Dumping and Subsidies Commission recommended the additional duty after investigating a complaint filed in October by Caribbean Cement Company Limited (CCL) against cement importer Arc Systems, claiming that Arc was importing dumped Portland grey cement from Egypt, and that they, along with Mainland International, which imported primarily from China and Ar... |
Freight rates hamper cement exports05 January 2004, Published under Cement NewsThe surge in shipping freight rates has hindered the exports of cement and clinker from the country. Cement producers would have exported much more but for the rise in freight rates. About 6.9Mt of cement and clinker was exported from India in the financial year 2002-03 and domestic cement makers were looking at a considerable rise in exports in this year. A cement industry analyst said, "In the last six months export realisations in dollar terms have gone up by about 2 0 per cent. This sho... |
India Cement Companies raise prices05 January 2004, Published under Cement NewsMUMBAI (Dow Jones)--Indian cement producers have raised prices in Mumbai by an average of 10 rupees ($1=INR45.57) per 50kg bag to INR165 per bag, due to growing demand from the housing and roads sector, industry officials said Friday. "The demand is picking up fast. So we have gone ahead with a price increase of 10 rupees," said an executive at Grasim Industries Ltd., India's largest cement maker. Demand for cement has been rising steadily in the past year after the government started work... |
AdBri delisting plan05 January 2004, Published under Cement NewsBoral will seek to have Adelaide Brighton delisted from the Australian Stock Exchange if its $A840m takeover bid succeeds. The Australian building products group is offering $A1.55 a share for the cement and lime producer. The offer is conditional on 90 per cent acceptances and approval by the Australian Competition & Consumer Commission (ACCC). Boral indicated in its bidder's statement that if it acquired 100% of Adelaide Brighton, it would reconstitute the company's board with Boral nominee... |