Cement News tagged under: Israel
Israel: antitrust moves to increase competition29 July 2014, Published under Cement NewsIsrael’s antitrust authority is taking steps to introduce competition in the domestic cement market by calling on the country’s dominant producer to make a plant disposal or adjust discounts to its largest customers. Antitrust Commissioner David Gilo has outlined plans to force Nesher to sell its Har Tov plant which produces about 1Mta of cement and accounts for about 30 per cent of domestic sales. Should Nesher fail to sell the cement works, the company would have to drop the discounts it... |
Israel: CRH mulls disposal of Nesher cement stake24 March 2014, Published under Cement NewsCRH Group is considering the sale of its 25 per cent stake in Mashav, the holding company for Nesher cement, Israel, which the Irish group acquired in 2001, reports The Sunday Independent. Newly arrived CEO, Albert Manifold, is carrying out a comprehensive review of the company’s businesses and has so far identified 45 that will be put up for sale. In a recent Annual Report filed in the US, CRH wrote of the 25 per cent stake in Mashav, prompting speculation that CRH will seek to offload the... |
Israel release 1000t of cement into Gaza05 February 2014, Published under Cement NewsThe Gaza Strip will receive 1000t of cement from Israel to help it recover from the last storm, the Palestinian Authority civil affairs minister said. Hussein al-Sheikh told Ma’an that 25 truck loads totalling about 1000t of cement will enter Gaza starting Sunday and Monday. Al-Sheikh said he instructed the coordination committee in Gaza to start unloading the trucks to help those affected by the storm once they arrive. |
Israel: Nesher to pack cement in smaller bags13 December 2013, Published under Cement NewsNesher Cement has to comply with a Knesset committee bill to sell cement in 25kg bags in addition to the 50kg bags that are currently available. N esher has asked for more time to make the switch-over, but the request has been refused by the committee. “The company is preparing to manufacture 25kg bags in any case, with no connection to this bill,” Nesher vice-president Aya Avidor told the Knesset members. “But it requires a lot of logistics and will cost ILS20m (US$5.7m). We request a ye... |
Israel opens Gaza for cement imports18 September 2013, Published under Cement NewsAfter six years of closing the border with Gaza to cement, gravel and iron imports, Israel has decided to allow such deliveries to take place again via the Kerem Shalom border crossing, said a representative of the Palestinian Authority. The move, which is expected to strengthen the private sector in Gaza and Palestinian President Mahmoud Abbas, was confirmed by Israeli government circles. (Source: Zeit Online edition). |
Israel: Nesher cement to face competition26 June 2013, Published under Cement NewsAn Israeli cabinet committee working on ways to lower the cost of living approved a plan on Tuesday to inject competition into Israel's cement industry. Although lower cement prices would reduce the cost of residential construction to some extent, cement is not a major element in the cost of building homes, but the decision was also taken amid a forecast that by 2023, demand would outstrip the capacity of Nesher Cement, which has a monopoly in Israel. The plan was approved by a committe... |
CRH looks for new Nesher Cement CEO29 November 2012, Published under Cement NewsCRH is reviewing the candidacy of Moshe Kaplinsky for the position of CEO of Nesher Cement Enterprises following the departure of Joel Feldschuh announced earlier this week. Mr Kaplinsky is the former CEO of Better Place Israel. Mr Feldschuh announced on Monday that he will leave the company at the end of the year. His departure follows the sale in July of its controlling shareholder, Clal Industries and Investments Ltd to Len Blavatnik's Access Industries, by IDB Holding Corp. Ltd, contr... |
Israel's Clal sells 55% of Nesher cement unit to Livnats13 February 2012, Published under Cement NewsHolding company Clal Industries agreed to sell a 55% stake in Mashav Initiating & Development, the parent of Nesher Cement, to the Livnat family for ILS1.32bn (US$355m). Clal will also receive ILS45m from a dividend Mashav will distribute prior to the deal, the company said in a statement on Sunday. It expects to post a capital gain of ILS750m-850m while its parent company IDB Holding Corp will post a gain of ILS400m-500m. The sale is in line with the group's strategy to simplify IDB's str... |