Cement News tagged under: Holcim
HSBC downgrades Holcim31 January 2013, Published under Cement NewsHSBC downgrades Holcim to neutral from overweight and raises target to CHF77 from CHF75 on expectations of a recovery in cement company earnings. "Our forecast is reinforced by recent industry trends in the US and emerging markets countries, energy price falls and self-help programs," according to analysts. |
Holcim Apasco: cement consumption in Mexico expanded 3.5% in 201229 January 2013, Published under Cement NewsHolcim’s Mexican arm, Holcim Apasco, estimates that cement demand in the country grew 3.5 per cent in 2012 compared to 2011. The cement major said the increase in consumption, which reached 35Mt last year, was driven by stronger growth in the infrastructure segment, moderate expansion in self-build housing as well as the construction of industrial buildings, offices and shopping centres. Gustavo Gastelum, the company’s director of external relations and communications, said that recent ... |
Holcim raises cement prices in Mauritius25 January 2013, Published under Cement NewsHolcim raised its price of a 50kg bag in Mauritius to MUR211.60 or US$6.86 (delivery to Port-Louis). In other parts of the island, a premium of around MUR5-10 is paid to trucking costs. The island’s other supplier Lafarge, last raised its prices in April 2012 and a 50kg bag, for delivery to Port-Louis, of their cement costs MUR195.50. In the recent past, the State Trading Corporation stopped importing cement, leaving the two cement producers with a clear field to expand their busine... |
Huaxin to acquire stakes in two Hubei-based companies, China24 January 2013, Published under Cement NewsHuaxin Cement is continuing its acquisitions policy by announcing it plans to acquire stakes in two companies based in Hubei province. The Chinese producer is set to buy a 70 per cent share in two separate companies for a combined price of CNY519m (US$83.4m). Huaxin Cement said that the acquisition will increase its competitiveness in the local cement market. Huaxin Cement is 41.6 per cent controlled by Swiss cement major Holcim. |
Holcim04 January 2013, Published under Cement NewsThe Holcim associate Siam City Cement is to re-commission the two kilns that have been idle since 2008. One of the kilns will be fired again in October 2013, boosting active capacity by 1.4Mta. The second kiln will be re-lit some time during 2014. With all six kilns in operation, Siam City will have a capacity of 12.5Mta of clinker and 14Mta of cement. Siam City Cement is also contemplating building an integrated cement works in Cambodia, where it currently has a 49 per cent market share. A... |
Holcim sells stake in power generation subsidiary, Philippines04 January 2013, Published under Cement NewsTrans-Asia Oil and Energy Development Corp (TA Oil) has acquired the stake of partner Holcim Philippines Inc in a power plant in Bulacan province. In a disclosure to the Philippine Stock Exchange, TA Oil said that it "signed a share purchase agreement for the purchase by Trans-Asia of Holcim's 50 per cent stake in Trans-Asia Power Generation Corporation." The deal gives Trans-Asia full ownership of the power firm. Prior to the conclusion of this transaction, Holcim was in a joint ventu... |
Holcim Indonesia agrees to higher royalty payout02 January 2013, Published under Cement NewsPT Holcim Indonesia has increased the royalty to its parent company – a move that has surprised some analysts and caused the cement producer to plunge the most in four years in Jakarta trading. Holcim Indonesia slumped 17 per cent to IDR2900 on 28 December 2012, the steepest decline since October 2008 and the biggest drag on the benchmark Jakarta Composite Index, according to reports by Bloomberg. The company, based in Jakarta, signed a royalty agreement with Holcim Technology Ltd on 2... |
Cement major to set up third unit in West Bengal31 December 2012, Published under Cement NewsAmbuja Cement, the Indian subsidiary of Holcim, has expressed an interest in setting up a third unit in Bengal, according to a report in the Times of India. The company already operates plants in Sankrail and Farakka. State commerce and industries minister Partha Chatterjee said the cement major was looking to establish a new greenfield unit in Bengal. The minister was speaking to reporters on the sidelines of an event to launch the expansion of the company's 2.4Mta grinding unit in Sankra... |
Holcim adopts Trimble technology for logistics optimisation24 December 2012, Published under Cement NewsHolcim Services (South Asia) Limited, a unit of Holcim Group (Switzerland), announced that it will deploy the Trimble Trako Fleet Management and Visual Cargo solutions for the outbound logistics fleet that transports cement to customers in India. Trimble will provide the Visual Cargo solution to Holcim's ACC Limited and Ambuja Cements Limited plant operations and the GPS/GPRS based Fleet Management solution for use by their contracted transport vendors. Visual Cargo provides advanced dashbo... |
Holcim reduces stake in Siam City Cement, sells minority shareholding in Cementos Progreso21 December 2012, Published under Cement NewsHolcim has announced that it has reduced its stake in Siam City Cement Ltd (SCCC) of Thailand and has sold its minority shareholding in Guatemalan producer Cementos Progreso, contributing CHF375m (EUR310.6m) to the Holcim Leadership Journey programme. SCCC stake reduced Holcim Ltd has reduced its shareholding in SCCC from 36.8 per cent to 27.5 per cent. The shares have been purchased by Bangkok Broadcasting and Television Co, part of the Ratanarak Group, which will increase its shareho... |