Cement News tagged under: international
Local Cement Price in UAE23 December 2003, Published under Cement NewsThe price of locally produced cement in the UAE has increased for the third time since the beginning of 2003 and currently stands at 165 UAE dirhams (US$45/Euro36.2) a tonne, against 155 dirhams (US$42.2/Euro 34) a tonne previously, it was reported on December 23, 2003. Cement industry sources in the emirate of Ras al-Khaimah, which is the country's largest cement producer, attributed the rise to the increased local demand boosted by the large scale projects being developed at present in the ... |
CRH ponders Israeli option23 December 2003, Published under Cement NewsTalks are currently under way with Clal Industries, the diverse Israeli holding company that has a controlling 75 per cent stake in Mashav, in relation to an option CRH holds that wouldallow it acquire the additional 25 per cent shareholding. In August 2001, CRH acquired 25 per cent of Mashav, and was granted an option over a further 25 per cent that had to be exercised by the end of this year. That option is non-transferable -CRH either activates it or it dies. The attraction Mashav holds f... |
Indonesian Cemex Case23 December 2003, Published under Cement NewsThe Indonesian Minister of Finance is making fund allocation to finance legal efforts against lawsuit filed by Cemex Asia to International Centre for Settlement of Investment Disputes (ICSID) Washington. "Coordination with Ministry of Finance and other institution deemed of great necessity to help strengthen our position in the arbitration," Bacelius Ruru, Secretary of the State Minister of State Enterprises said yesterday. According to him office of the State Minister of State Enterprises ... |
Dyckerhoff names Wolfgang Bauer chairman23 December 2003, Published under Cement NewsGerman cement maker Dyckerhoff AG said its supervisory board has named Wolfgang Bauer chairman from March 1, 2004, succeeding Peter Steiner. Bauer is currently chief financial officer of Dyckerhoff and his post will be taken by Stefan Fink, the company said. Michele Buzzi, a manager from Italy's Buzzi Unicem SpA which holds a 34 per cent stake in Dyckerhoff, will become a member of Dyckerhoff's management board from January 1, 2004 to improve cooperation, it added. Dyckerhoff's current ch... |
Lafarge to divest of stake in Molins23 December 2003, Published under Cement NewsAs part of its continued efforts to improve its balance sheet following the acquisition of Blue Circle Industries, Lafarge has signed an agreement to sell its 40.9% in Cementos Molins Industrial. The Lafarge holding goes back to 1997, when it acquired a 39.1% in the Spanish cement producer from Ciments Français. Ciments Français at that time decided to sell its interest in Cementos Molins as the controlling family was unwilling to cede control. Under the deal signed between Lafarge and Mo... |
Spanish cement consumption.22 December 2003, Published under Cement NewsThe consumption of cement in the 11 months to November was up 4.3 per cent from a year earlier at 42.9Mt, industry association Oficemen said. The association estimated total consumption for the year at a record 46Mt, a rise of 4.3 per cent over 2002. Output in the 11 months was up 5.7 percent from a year earlier at 41.2Mt. |
Mexico cement output up 3.5 per cent Jan.-Sept.22 December 2003, Published under Cement NewsMexican cement production rose 3.52 per cent in the first nine months of 2003, rising to meet higher construction demand especially from housing and infrastructure. According to figures released on Friday by the National Cement Chamber (Canacem) production reached 23.9Mt, up from the 23.1Mt in the January-September period in 2002. |
Cemex releases 4Q guidance forecast22 December 2003, Published under Cement NewsMexican cement giant Cemex expects to reach sales revenues of US$1.7bn for the fourth quarter this year, translating into full-year sales revenues in excess of US$7bn, the company announced in a Q4 forecast statement. Free cash flow is expected to exceed US$210m, for a total US$1.1bn for 2003. Operating income is forecast to exceed US$340m, the statement added. Ebitda for this quarter is expected to surpass US$500m, a 20 per cent increase from the same year-ago period. Ebitda for 2003 may s... |
Danish FLS Industries Executive Vice President To Resign22 December 2003, Published under Cement NewsDanish engineering and cement group FLS Industries executive vice president Preben Tolstrup, 44, will resign as of January 1, 2004. Tolstrup started in FLS Industries in February 2001 as president and CEO of the group's operation and maintenance unit FLS miljo A/S and joined the corporate management on September 1, 2002. Tolstrup's main task was the closing down of the activities in FLS miljo. He implemented also a number of divestments of the group's non-core activities in the divisions FLS... |
Chia Hsin raises HK$485.5m19 December 2003, Published under Cement NewsChia Hsin Cement Greater China Holding Corp said on Friday the underwriters for its initial public offering had exercised an over-allotment option, raising the size of the deal to HK$485.5 million (US$62.52 million). Taiwan-backed Chia Hsin, which supplies cement in the coastal areas and eastern provinces of China, will receive net proceeds of HK$62.2 million from the greenshoe option. Chia Hsin was required to issue 42.9 million shares, or 3.9 percent of the firm's existing share capital, ... |