Cement News tagged under: international
Holcim purchase13 October 2003, Published under Cement NewsHolcim strengthens market presence in Eastern Mediterranean region with the takeover of Bogaz Endustri Madencilik in Northern Cyprus In order to further strengthen the Group's market presence in the Eastern Mediterranean region, Holcim (Liban) SAL - a group company of Holcim Ltd - will be taking over Bogaz Endustri Madencilik (BEM). Located near Famagusta in Northern Cyprus, BEM operates a grinding station with an annual capacity of 0.150Mt of cement and disposes of its own pier. In 2002, B... |
Rating Agency News09 October 2003, Published under Cement NewsS&P revises outlook on Portugal's Cimpor to negative following a continued downturn in the local cement market. Rating agency Standard & Poor's Ratings Services said on October 8, 2003 it had revised its outlook on Portuguese cement maker Cimpor-Cimentos de Portugal to negative from stable, following a continued downturn in the local cement market. Along with this, Standard & Poor's affirmed its BBB+ long-term corporate credit rating on the cement group. The rating on Cimpor continues to ref... |
Lafarge sees China as growth area08 October 2003, Published under Cement NewsLafarge sees China as one of its potentially high growth areas in Asia, despite difficult market conditions and investment returns below the group's average, chief executive officer Bernard Kasriel said during a visit to Lafarge interests in the ASEAN region. "China is a huge market, but, at the same time, the market conditions ar e difficult ... in terms of pricing and competing with companies that have very different constraints and shareholders than us," Kasriel said at a briefing. Lafar... |
HeidelbergCement’s approach to RMC07 October 2003, Published under Cement NewsHeidelbergCement’s approach to RMC There is nothing to suggest that the HeidelbergCement management’s intense dislike for RMC has changed and the proposed offer to the British-based group to buy its German assets, which it, or its advisers, probably leaked to the press, is unlikely be generous and we would not expect it to succeed. With cement prices having started to recover in a meaningful way and the bottom of the demand cycle probably fairly close, one would not expect RMC Group to b... |
Azerbaijan – Ministry of Environment serves Garadagh Cement with summons30 September 2003, Published under Cement News'Not only does Garadagh Cement shows disrespect the national laws, but it also continues damaging the environment. The joint stock company made quarry deals with the municipalities even though the municipalities are not prohibited to exploit the mineral resources and enter into such agreements by the law. Although the quarrying is not licensed, Garadagh Cement has no right to work in the quarries. Anywhere in the world, a company must enter into a relevant agreement with the appropriate gove... |
UK - Lafarge develops emissions trading strategy30 September 2003, Published under Cement NewsUK - Lafarge develops emissions trading strategy with help of Lloyds Register Quality Assurance Services Emissions trading is developing internationally. The Kyoto Protocol envisages global trading in greenhouse gases from 2008, the European Comission proposes EU-wide trading at company level from 2005 onwards and the British government launched an emissions trading scheme (ETS) during 2002 in order to reduce carbon dioxide levels in line with Kyoto targets. With 34 participants, the UK sch... |
Canada – Lafarge and WWF safeguard biological diversity in Alberta30 September 2003, Published under Cement NewsWith forestry experts gathering in Quebec at the World Forestry Congress, cement maker Lafarge is joining the WWF in a call to restore the world’s damaged forests and safeguarding biological diversity through their Conservation Partner Programme. “Our cooperation with Lafarge is playing a pioneering role and setting an example for others,” according to Dr Jill Bowling, WWF’s Forests for Life Programme deputy director. The partners announced a new conservation project in the Bow River Val... |
Morocco – Lafarge and WWF promote sustainable economic development in Tetouan30 September 2003, Published under Cement NewsIn the north of Morocco, Lafarge and WWF will be setting up an experimental nursery to develop know-how and transfer capacity for the production of native species of trees and shrubs. The nursery is part of a drive to promote sustainable economic development in Tetouan. – Michel Picard, Lafarge’s VP on environmental issues. |
Australia – Cockburn Cement to burn tyres at Munster ?30 September 2003, Published under Cement NewsCockburn Cement, part of the Adelaide Brighton Cement group, is reported to be looking at introducing alternative fuels at its Munster works. The Waste Management Board’s executive officer, Adam Parker, has confirmed that the company is investigating the possibility of burning tyres as an alternative source of fuel. However, Cockburn operations manager Gareth Ward said the company was still looking at the various fuel options and no decision had been taken to burn tyres. The company’s a... |
Ciments Français26 September 2003, Published under Cement NewsWho’s behind recent stock movements at Italcementi's French subsidiary. Is Italcementi set to mop up the outstanding shares? Ciments Français stock, which has been stuck in a €45/€52 trading range for three years, has, since July, been on a very strong upward trend (breaking through its 200-day moving average) with far higher volumes since the beginning of September (with volumes of 60,000 shares on some days vs. less than 10,000 in July and August) – reports BNP Paribas. It is worth poi... |