Cement News tagged under: international
Votorantim denies cartel accusation05 January 2004, Published under Cement NewsThe chairman of the Brazilian Votorantim' board, Antonio Erminio de Moraes, counterattacked the accusations of cartel in the cement segment. The Secretariat for Economic Rights SDE (Secretaria de Direito Economico) is investigating the domestic ten main groups - Camargo Correa, Cia de Cimento Itambe, Cimpor, Ciplan (Cimento Planalto), CP Cimento, Grupo Nassau, Holcim, Lafarge Brasil, Soeicom and Votorantim - due to the accusation of blocking the supply to the concrete industry aimed at forci... |
USA – Judge throws out environmentalist anti-mining suit28 December 2003, Published under Cement NewsEnvironmentalists seeking to void a permit for limestone mining from a quarry along the Mississippi River, north of Ste Genevieve, have suffered a setback as their lawsuit has been thrown out by St Louis County Circuit Judge B C Drumm Jr. In his ruling, Mr Drumm Jr stated that the Missouri Land Reclamation Commission acted properly and didn’t violate the state’s open meeting law when it issued the permit in August to Holcim Inc. He also suggested that the environmental groups concerned, ... |
Cimpor stake bought by Lafarge24 December 2003, Published under Cement NewsCimpor Cimentos de Portugal SA said France's Lafarge paid 4.07 eur per share for the additional 17,742,705 shares or 2.64 per cent stake it bought in the Portuguese cement maker on Monday from Cementos Molins SA. This price would value the stake at Euro 72.2m The purchase lifted Lafarge's holding to 13 per cent. Cimpor shares yesterday closed up Euro 0.08 or 1.97 per cent at Euro4.15 with 5 mlllion shares traded. Meanwhile...Cimpor Cimentos de Portugal SA may be fined up to 30 per cent... |
Jamaican cabinet approves additional duties24 December 2003, Published under Cement NewsThe Jamaican cabinet has accepted a recommendation by the Anti-Dumping and Subsidies Commission to apply an additional 25.83 per cent tariff on imported cement. The additional duty, which takes immediate effect, will push the duty on imported cement to 40.83 per cent. The commission recommended the imposition of the additional duty after investigating a complaint filed in October by the Caribbean Cement Company Limited (CCCL) against cement importer Arc Systems, claiming that Arc was importi... |
Cimpor stake bought by Lafarge24 December 2003, Published under Cement NewsCimpor Cimentos de Portugal SA said France's Lafarge paid 4.07 eur per share for the additional 17,742,705 shares or 2.64 per cent stake it bought in the Portuguese cement maker on Monday from Cementos Molins SA. This price would value the stake at Euro 72.2m The purchase lifted Lafarge's holding to 13 per cent. Cimpor shares yesterday closed up Euro 0.08 or 1.97 per cent at Euro4.15 with 5 mlllion shares traded. |
Tunisian-Algerian Cement Company for Sale24 December 2003, Published under Cement NewsThe Tunisian-Algerian state-owned white cement company Sotacib will soon be put on sale. An international tender was recently launched to seek an investment bank that will pilot the pre-privatization phase and final sale of the company. The bank will run an audit and a privatization strategy for the company that was established in 1983. Sotacib has a production capacity of 400,000 tons of cement per year. |
Cemento Yguazu plans cement mill24 December 2003, Published under Cement NewsBrazilian-Paraguayan cement importer Cemento Yguazu has plans to build a cement mill and clinker oven in Paraguay, according to a letter of intent signed by Cemento general manager Marcelo Castro dos Santos and addressed to Paraguay's industry and commerce minister Ernst Bergen. The cement mill would be part of a first phase that will require investment of some US$12m and would be implemented in 10-18 months, say local sources. The mill would produce high-quality cement, making use of abund... |
Serbian Novi Popovac24 December 2003, Published under Cement NewsSerbian cement maker Novi Popovac said on December 22, 2003 it planned investments of Euro 20m for 2004. The funds will be used for modernisation of cement production facilities and for increase of the salaries of Novi Popovac employees. The average net monthly salary in Novi Popovac currently stands at 19,672 dinars (Euro 274.1). Novi Popovac director general, Darko Krizan said the company would call in January 2004 a tender for the construction of an air-filtering system. Novi Popovac ce... |
KPPU to monitor cement industry24 December 2003, Published under Cement NewsAccording to The Jakarta Post, Jakarta, The Business Competition Supervisory Commission (KPPU) has said that it would keep a watchful eye on cement producers in Indonesia, due to suspicions over a cement cartel in the country. Didik J. Rachbini of KPPU said that the three largest cement producers in this country PT Semen Gresik, PT Semen Cibinong and PT Indocement which hold over 75 percent of the market share, were capable of controlling cement prices in the country. Therefore, accord... |
RMC group sells another 20 per cent of AdBri stake.23 December 2003, Published under Cement NewsTakeover target Adelaide Brighton Ltd said today that its major shareholder, UK-listed RMC Group plc, had sold another 20 per cent of its stake in Adelaide Brighton at $1.40 per share. Adelaide Brighton, which produces lime and cement, said it had been informed that the shares had been placed with institutional investors. It believed that RMC Group plc now held about 14.9 per cent of Adelaide Brighton. Adelaide Brighton is subject to an A$840m takeover bid announced last week by building p... |