Cement News tagged under: international
Holcim takeover of VSH approved on condition of terminal sell-off, Slovakia27 May 2011, Published under Cement NewsThe Antitrust Office of the Slovak Republic on Thursday has cleared the takeover of Vychodoslovenske Stavebne Hmoty (VSH) by Holcim Slovensko provided that Holcim sells its terminal in Vlkanova in Banska Bystrica County to an independent buyer linked neither to the companies nor to their groups. The watchdog conditioned the transaction in this way because it posed threats to the economic competition on the relevant market specialised in production and sale of grey cement and several local ... |
Lafarge to close Frangey plant at end-201227 May 2011, Published under Cement NewsLafarge Ciments announced it will close its Frangey plant in Burgundy at the end of 2012. It has attributed the decision to the “overcapacity in a small local market” by a plant that “can hardly adapt to the changing needs of new cements with a low environmental footprint.” According to company sources, the high production cost and the low kiln capacity utilisation rate also counted against the continued operation of the plant. In terms of employment of current workers at the plant, Lafa... |
Holcim El Salvador mulls over price increase27 May 2011, Published under Cement NewsHolcim has warned that if the price of oil continues to rise, it will be forced to increase the price of its cement in the El Salvador market in the short-term. "The price of cement has remained stable, although this (upward trend) is maintained, we will have to increase prices in the short term because all of our major inputs are rising," said Holcim corporate affairs manager Edwin Arévalo. According to CASALCO, the Salvadoran Chamber of the Construction Industry, the average price of a P... |
Moroccan cement sales up 7.55% to end April27 May 2011, Published under Cement NewsSales of cement increased 7.55% to 5.214Mt during the first four months of the year, compared with 4.848Mt during the same period of 2010. For April, cement deliveries reached close to 1.5Mt, close to the October 2009 record. At the base of the upward trend lies an increased rate of self-construction and social housing as well as the resumption of construction work after a period of inclement weather, according to Ahmed AA Bouhaouli, deputy director of the Professional Association of Cement.... |
Vietnam produces 24.7Mt of cement in Jan-May27 May 2011, Published under Cement NewsCement producers in Vietnam are estimated to have made 24.7Mt of cement in the first five months of this year. The figure represents a YoY increase of US$13.9%, the government’s General Statistics Office said in a monthly reported released late Wednesday. In May, the country’s cement output is estimated to stand at 5.8Mt, up 19.1% YoY. The Ministry of Construction forecast Vietnam’s cement consumption is forecast to stand between 54.5Mt and 56Mt this year, up 9%-10% from a year earlier. |
Southeast Asian export cement prices surge27 May 2011, Published under Cement NewsThe earthquake and ensuing tsunami in Japan has contributed to a sharp surge in prices for export cement in Southeast Asia. Currently, a tonne of cement costs around US$43, a 20% increase on the previous year. HeidelbergCement CEO Bernd Scheifele said: “The price for cement exports from China rose by US$8/t.” He added that the development is also a reflection of Japan’s weakened position as a cement exporter after the earthquake and noted that the California market has also been affected. ... |
Distribution difficulties push up cement prices in Colombia27 May 2011, Published under Cement NewsColombian cement retail prices have increased by about 10% above the expected level of inflation as winter rains affected distribution. Earlier this year, prices were adjusted by 6% and in the past few days, Holcim, Cemex and Argos, which account for 95% of the market, raised them an addition 4%. According to Miguel Ángel Rubalcava, president of Holcim Colombia, the cost of transporting cement to distributors and concrete plants has risen by around 15% due to the diversions caused by roa... |
Holcim announces closure of La Hulpe site, Belgium26 May 2011, Published under Cement NewsHolcim announced Tuesday the closure of its site in La Hulpe and consolidation of its administrative and financial services for Belgium in Nivelles. This decision threatens 27 jobs. "In Belgium, Holcim is facing increased competition in keeping prices under pressure in an already tight market. To ensure competitiveness, Holcim Belgium must act on the elements it can control," he said in a statement. The La Hulpe division has housed the Administration and Finance Directorate (DAF), the Dir... |
Tianshan Cement to invest in subsidiary26 May 2011, Published under Cement NewsXinjiang Tianshan Cement Co Ltd, a cement producer based in Xinjiang Uygur Autonomous Region, announced recently that it plans to invest CNY196m (US$30m) into a Jiangsu Province-based subsidiary to build a cement mill, sources reported. The company will also invest CNY40.1m into its Xinjiang-based subsidiary to update technology for flyash storage, which could generate CNY4.03m of profit with a break-even period of 10 years. |
Fauji Cement to issue right shares, Pakistan26 May 2011, Published under Cement NewsFauji Cement Company Ltd will issue 637.826 million right shares of Rs10 each at a 50 per cent discount. According to a communique sent to the Karachi Stock Exchange on Tuesday, the company said that right shares will be offered at Rs5/share. |