Cement News tagged under: international
Cemex threatens arbitration01 December 2003, Published under Cement NewsCemex is threatening to take a dispute with Indonesia over control of the nation's largest cement maker to overseas arbitration - a move that could create further bad publicity for a country trying to lure back foreign investors. Indonesia's government has asked Cemex to reconsider the plan for arbitration, and recently set up a team of experts to help solve the row, Roes Aryawijaya, a deputy state enterprise minister, said Monday. Cemex claims the government has failed to keep to a 199... |
Titan Greece21 November 2003, Published under Cement NewsIndependent Greek producer, Titan Cement has just posted its nine-month figures. slightly below expectations say analysts. Greece's Titan Cement on Thursday reported a four per cent rise in nine-month group net profit to Euro 87.4m , slightly below market expectations, saying a weak dollar hit revenues. Analysts had forecast on average an almost six per cent rise in nine-month group net profit to Euro 88.9m citing a drop in extraordinary losses and an expected pick-up in sales in the thir... |
Taiwan Cement plans20 November 2003, Published under Cement NewsInvestor conference given some useful insights into TCC's plans within China, which includes strengthening links with Conch To expand presence in mainland China, Taiwan Cement Corp (TCC), Taiwan's largest cement producer, is planning to enhance its existing cooperation with the Conch Cement Group, the mainland's largest cement producer listed on the Shanghai Stock Exchange. TCC is considering forming a strategic alliance with Conch in an attempt to acquire the operating rights of some of ... |
Mystery seller?19 November 2003, Published under Cement NewsA large tranche of Holcim shares have been placed on the market. Thomas Schmidheiny seen as likely seller. A large investor in Swiss cement maker Holcim is selling a block of 7.05 million shares in the firm, investment banks Goldman Sachs and UBS said on Wednesday. News of the placement, seen worth some 400 million Swiss francs ($300m), pushed Holcim's shares lower. Traders said the seller, who was not named by the banks, appeared to be Holcim's largest shareholder and board member Thoma... |
Holcim: profits up slightly13 November 2003, Published under Cement NewsSlight increase in profits noted despite difficulties in the US and currency exchange declines. Holcim has reported a slight increase in nine-month net profit to SFr518 million (US$382m), up 0.8 per cent on the same period last year. Operating income at the world¹s second-largest cement concern was also virtually unchanged at SFr1.55bn. This figure was reached on 5.4 per cent lower net sales of SFr9.395bn. Holcim said at a news conference in Zurich on Wednesday that net profit had actuall... |
Cemex not Buying TPI Polene11 November 2003, Published under Cement NewsCemex has announced that it is not in talks to acquire Thai cement company TPI Polene, despite a report to the contrary published by Mexican newspaper El Economista. Cemex already operates a unit in Thailand and is not in talks to make an acquisition in that country. At the same time, in a sign that its business is recovering following the 1997 economic crisis, Italian-Thai Development Plc (Ital-Thai) has earmarked nearly Bt3bn for investment in the 2003-2004 fiscal year. Ital-Thai sold its... |
Philippine prices11 November 2003, Published under Cement NewsTRADE and Industry Secretary Manuel Roxas II has given cement makers until Friday to justify the recent increase in cement prices. andnbsp;Roxas warned that failure to come up with a valid reason for the price hike would force the Department of Trade and Industry (DTI) to withdraw the tariff shield against imports granted to the industry. andnbsp;andnbsp;The measure "puts the goodwill of cement firms to the test. It is not designed for them to engage in predatory pricing," Roxas said in a pre... |
Thatta Cement sale approved11 November 2003, Published under Cement NewsA meeting of Privatisation Commission Board has recommended the highest bid received for the sale of 90 per cent shares of Thatta Cement Company Limited (TCCL) for approval of Cabinet Committee on Privatisation (CCOP), which is scheduled to meet shortly. andnbsp;The PC Board was informed that for the sale of 90+ shares of SCCP in Thatta Cement Company Limited (TCCL), three parties who had submitted earnest money worth Rs.50m each and which had taken part in the open bidding process held earli... |
IRELAND – Proposals for use of animal waste in cement11 November 2003, Published under Cement NewsIn a report to the Irish Cabinet, senior officials of four government departments, the Environmental Protection Agency and the Food Safety Authority, recommend the incineration and incorporation into cement of meat and bonemeal – considered a potential source of BSE – from slaughtered Irish cattle. Curently, meat and bonemeal is mostly sent abroad to countries such as the UK and Germany for incineration or is stored within the country, costing the local taxpayer around E150m in the past 2.5... |
AUSTRIA – RMC Austria and WWF protect rare grassland environment11 November 2003, Published under Cement NewsRMC Austria will be helping to protect an area of nationally significant, rare dry grassland through its latest agreement with WWF. The area contains the company’s Hollitzer Quarry, operated by Readymix Kies Union and located 50km west of the capital Vienna The dry grassland, the largest of its kind in Europe, lies at the foot of the Hundsheimer Berge, a mountain which represents one of the most significant ecosystems in the country. The region hosts a number of important species, including... |