Cement News tagged under: international
HeidelbergCement considering US cement plants09 July 2014, Published under Cement NewsHeidelbergCement might buy the US and French cement plants that Lafarge and Holcim want to divest in order to receive the regulatory approval for their merger deal, according to Jefferies. Financial analysts Jefferies said in a note that HeidelbergCement managers told representatives during a capital markets day event on 2 July in California that the potential merger would be a "once in a generation" opportunity to acquire assets. CEO Bernd Scheifele and CFO Lorenz Naeger were among the ex... |
Ireland: two former divisions of Quinn to be acquired09 July 2014, Published under Cement NewsA consortium, including some executives from Sean Quinn's old business empire, expects to buy two divisions of the old business over the next two months. The Quinn Business Retention Company (QBRC), headed by the former tycoon's number two Liam McCaffrey, has teamed up with a UK private equity house Endless LLP for the arrangement. Aventas Manufacturing Group, which took over much of the Quinn businesses along the border after it was put in receivership, said talks on the buyout are ongoing... |
Hungarian concrete firms fined EUR9m09 July 2014, Published under Cement NewsEight ready-mixed concrete companies and the Hungarian Concrete Association were fined a total HUF2.79bn (EUR9m) for setting prices and colluding on market share by the country’s competition office, the Gazdasági Versenyhivatal (GVH). The GVH said the cartel activity took place between 2005 and 2007 and cited the fact that meetings were held in high secrecy as an aggravating factor. The following fines, which include some cement producers with downstream ready-mix businesses, were imposed... |
Iran produces 18.23Mt of cement in 1Q1409 July 2014, Published under Cement NewsIran produced 18.23Mt of cement and 19.35Mt of clinker in spring 2014, which corresponds to the first quarter of the current Iranian calendar year (21 March – 20 June). Meanwhile, Iran exported around 18Mt of cement in the previous Iranian calendar year, which ended on 20 March 2014. The country’s cement output is currently about 80Mta, of which 50Mta is used by domestic industries. |
Kazakhstan: strategic partner invests in Hantau plant09 July 2014, Published under Cement NewsKazakhstan Investment Fund JSC has attracted a strategic partner for the launch of production at the Hantau cement plant, Baiterek National Holding reported. 'Yug Cement Stroi' LLP acted as the strategic partner which attracted credit in the amount of KZT5.35bn (EUR21.4m) for seven years in the "Bank RBK" JSC and allocated to completing construction of the plant. Currently, a new dry-process clinker line is being constructed at the plant by Hengyuan International Engineering Group. The prod... |
Bolivia: COBOCE reaches agreement with transport organisations09 July 2014, Published under Cement NewsBolivian cement co-operative Cooperativa Boliviana de Cemento, Industrias y Servicios (COBOCE) has come to an agreement with cement transport organisations on how its deliveries will be divided among local transport firms in Cochabamba. These firms had been on strike for a week, blocking the main road to Cochabamba, prior to this agreement. Asotram will keep a 30 per cent share, Transpeco a 35 per cent share and Sindicato de Transportes Capinota a 35 per cent share, which means that COBOCE... |
Tajikistan to double production in 201409 July 2014, Published under Cement NewsIn the first six months of the year, Tajikistan produced 496,600t of cement according to the Ministry of Industry and New Technologies, and is on course to double annual production in 2014. The Yovon cement plant (Huaxin Gayur Cement Co Ltd), which was introduced into operation in late September last year, has reportedly produced 362,800t of cement in January-June, which was more than 70 per cent of the overall volume of cement produced in Tajikistan over the report period. Yovon cement is... |
Chinese producers counting profits09 July 2014, Published under Cement NewsCement makers in China saw a resumption in profit growth last year thanks to a combination of improved construction activity, low production costs due to weak coal prices and the government's push to close some inefficient producers. China produced 908.5Mt of cement in the first five months of this year, up 4.1 per cent from a year earlier, official data showed. Wannianqing Cement Co Ltd said it expected its profit to rise by as much as 100 per cent as average prices of its products rose, j... |
Construction boosts Kenyan cement demand08 July 2014, Published under Cement NewsIn May, cement consumption in the Kenya rose to 450,379t in May, up from 426,523t in April and continuing the upward trend noted since March when demand stood at 387,266t, according to the Kenya National Bureau of Statistics (KNBS). Since the start of the year Kenya has consumed over 2Mt of cement, according to the government agency’s Leading Economic Indicators report. When compared with May 2012, demand in May 2013 increased by 140,878Mt, suggesting an ongoing rise in demand this year... |
Nigeria: Lafarge to invest US$307m into Ashaka Cement expansion08 July 2014, Published under Cement NewsAshaka Cement (Lafarge Group) has secured a NGN50bn (US$307m) credit facility, in addition to internally-generated cash flows to expand its cement production base. Umaru Kwairanga, chairman of the Board of AshakaCem plc, disclosed that Lafarge Group was committed to the capacity expansion project in Ashaka and would deploy its global expertise in procurement and erection of new cement plant. “Given the extent of preparatory work that has been done, the project is a reality and will s... |