Cement News tagged: International
Local cement plant at capacity
According to the Associated General Contractors of America, total consumption of cement in 2005 was 126Mt, 29Mt more than domestic producers could make. Imports accounted for 24 per cent of consumptio
Holcim announces proposed rights issue
Holcim has announced it will propose shareholders at the next AGM on May 12 a SFr1.7bn capital hike in order to support its growth strategy. The shares will be offered to existing shareholders, with e
China’s output of cement in February 2006
China produced 57,486,300t of cement (all grades) in February 2006. The output in January-February reached 122,384,100t, up 21.3 per cent year on year, according to the National Bureau of Statistics.
Votorantim expanding production base
Votorantim Cimentos, with a 40 per cent hold in the Brazilian cement market, is investing US$100m to expand its Sergipe-based plant which might be used to increase export sales into the US. The compan
Cemex 1Q hits revenue targets
Cemex registered a 14 per cent gain in first-quarter net profit as the company met its sales goals noting that net profit rose to US$505m from US$444m in the year-earlier period. Consolidated sales ju
Romanian market records sizeable gains
The Romanian cement market grew 30 per cent on the year in terms of value in 2005, reaching Euro 400m and rose 10 per cent year-on-year in terms of volume to 6.1Mt, according to estimates of main play
Akmenes cement sales soar
Akmenes Cementas, Lithuania’s only cement manufacturer, posted 19.1 million litas (Euro 5.5m) in sales for the first three months of 2006, a surge of 77 per cent from the year-earlier figure of
Oyak to sell Elazig works
Celalettin Caglar, head of Oyak cement group, said that the group decided to sell its Elazig cement plant. According to Caglar, the company has informed 25 domestic and international investors regardi
Carib Cement to assess claims
Carib Cement Co. has dispatched eight inspection teams across the region to assess claims that the company’s production of inferior cement hurt building projects, a company official said Wednesd
Korea’s Samsung involved in Angolan factory
A cement factory with an annual production capacity of 1.2Mt will be built in Sumbe, in Kwanza-Sul province, Angola will be financed by Korean electronics manufacturer Samsung, the manager responsible
Holcim Maroc sees more growth
The Moroccan subsidiary of Swiss cement company Holcim on Tuesday forecast cement sales growth of around five per cent this year as it steps up output to cater to growth in housing and infrastructure
Russia’s antitrust warns Eurocement against hiking prices
Russia’s Federal Antimonopoly Service (FAS) has again warned Russian cement producer Eurocement Group against increasing cement prices further, the FAS said Tuesday. Director of the FAS Igor A
India Cements sale speculation
Market rumours that cement major Grasim Industries is eyeing a stake in Chennai-based India Cements, taking its stock up to a 52-week high of Rs 210.70 on Tuesday. India Cements has a total capacity o
Macquire Research on Indian prospects
Rakesh Arora of Macquire Research Equities, India says that cement supply will not come in for the next two-three years, which may result in cement prices going further up. Based on profitability, Aro
On the road to Damascus
A new cement factory will be built close to Damascus with a cost of Euro 260m and with 3Mta capacity, Syrian daily newspaper of al-Thawra said Tuesday. Ziad al-Za’im, a Syrian investor, had alr
Gov’t urged to investigate cement capacity
A document obtained from the Philippine Tariff Commission showed that the industry’s reported capacity in 2004 was at a higher 528 million bags of cement but the operating capacity (actual) was at 345