Cement News tagged under: international
Criminal complaint filed19 December 2003, Published under Cement NewsThe Thai Securities and Exchange Commission yesterday filed a criminal complaint against Orapin Leophairatana, former senior executive vice-president of TPI Polene, for alleged securities price manipulation. Also named in the complaint was Waranyu Pornhommas. The SEC filed the complaint with the Economic Crime Investigation Division yesterday. Mrs Orapin, the wife of TPI Polene founder Prachai Leophairatana, and Mrs Waranyu, a company employee, were accused of manipulating the firm's share ... |
Robust construction activity unlikely until 200519 December 2003, Published under Cement NewsThe US economy is set to move into high gear in 2004 according to the latest economic forecast from the Portland Cement Association. The optimistic outlook arrives courtesy of recent improvements in US labour markets; however, PCA does not expect robust construction activity to arrive until 2005. Chief economist Edward Sullivan explains, ³The seemingly contradictory outlook is based on the prospects of cooling single-family construction under the weight of rising interest rates, a delayed an... |
Trading in Confidence Cement suspended19 December 2003, Published under Cement NewsThe Chittagong Stock Exchange (CSE) also suspended the trading of Confidence Cement Limited shares for two weeks from yesterday. Earlier, on Wednesday the Dhaka Stock Exchange (DSE) decided to suspend trading of Confidence Cement shares from December 18 to December 31 for conflicting information regarding its annual general meeting (AGM) and dividend. As the DSE postponed the trading of Confidence Cement for its misinformation, which may distort price and instabilise the capital market, the C... |
RMC benefits from improved UK cement performance19 December 2003, Published under Cement NewsIn its year-end trading statement, the management of RMC takes a more optimistic view in stating that the 2003 results will be at the top end of analysts’ expectations. This is in part on the back of improved performance at the Rugby kiln, where clinker production has averaged 100,000 tonnes per month over nine consecutive months. Elsewhere in the British operations, volumes in ready-mixed concrete and aggregates are lower, but aggregates margins have risen though the profits from ready-mi... |
New shareholder for Secil?19 December 2003, Published under Cement NewsFirst discussed at the recent Cemtech conference in Lisbon, but dismissed by Secil personnel as most unlikely, news that Semapa is looking for a new partner for its cement activities has again come to the surface. First discussed at the recent Cemtech conference in Lisbon, but dismissed by Secil personnel as most unlikely, news that Semapa is looking for a new partner for its cement activities has again come to the surface. Having bought out the two minority shareholders in Secil earlier ... |
Lafarge acquisition18 December 2003, Published under Cement NewsLafarge has acquired the EBRD's 23 per cent shareholding in Lafarge Polska, which is made up of Lafarge's cement and aggregates & concrete operations in Poland. The transaction amounts to Euro84m, bringing the Group's ownership to 100%. According to Bernard Kasriel, Chief Executive Officer of Lafarge: "This investment confirms our involvement within the Polish market. The four Divisions of the Group are present in Poland, a country with a strong potential for development with its entry into ... |
Boral acquires two cement companies in Queensland18 December 2003, Published under Cement NewsBuilding products firm Boral Ltd, which is engaged in an A$840 million (US$619.25 million) takeover bid for cement and lime company Adelaide Brighton, has acquired two readymix companies in Queensland. Boral said it paid A$12 million (US$8.85 million) for the two companies: Smith's Premix in Bundaberg and Smith's Longreach in Longreach. "These two bolt-on acquisitions further strengthen Boral's leading market position in construction materials in Queensland, positioning us well in a high gr... |
Chilanga Explains Cement Shortage18 December 2003, Published under Cement NewsChilanga Cement, Zambia, has cited the increase in demand for cement on the local market as one of the major causes of the commodity shortages experienced during the past weeks. Chilanga Cement chief marketing manager Faisal Nanavat said in an interview at the seventh national marketing conference at Pamodzi Hotel in Lusaka that his company had been working out permutations on how they could satisfy the local market and at the same time maintain steady exports. "Demand for cement has been i... |
Chilanga Explains Cement Shortage18 December 2003, Published under Cement NewsChilanga Cement, Zambia, has cited the increase in demand for cement on the local market as one of the major causes of the commodity shortages experienced during the past weeks. Chilanga Cement chief marketing manager Faisal Nanavat said in an interview at the seventh national marketing conference at Pamodzi Hotel in Lusaka that his company had been working out permutations on how they could satisfy the local market and at the same time maintain steady exports. "Demand for cement has been i... |
Consortium wants cement tariff stopped18 December 2003, Published under Cement NewsMembers of the Paul Burke-led Jamaica Cement Consortium, which includes major cement importers Mainland International and Arc Systems, are pushing Cabinet to stop the combined 40 per cent tariff on imported cement recommended by the Anti-Dumping and Subsidies Commission. The commission, which has been investigating the Caribbean Cement Company Limited's (CCCL) complaint that imported cement was hurting local production, on Monday made a preliminary ruling for an immediate tariff of 25.83... |