Cement News tagged under: Nesher Cement

RSS feed

Nesher Cement considering Haifa closure

03 May 2019, Published under Cement News

Israeli cement producer is looking at closing its Haifa plant and moving jobs to Turkey, according to Globes. Last year the company dismissed 40 employees and is reportedly considering further lay-offs and reductions in its activity through Israel, including shutting down its Haifa works. The company’s profit declined sharply last year. In addition, the domestic cement industry is expected to continue to be challenged by large-scale cheap cement imports from Turkey. Imported cement acc...

Israel: antitrust moves to increase competition

29 July 2014, Published under Cement News

Israel’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...

PSCS price rise puts ready-mix companies on strike in West Bank

03 February 2014, Published under Cement News

Scores of ready-mix companies in the West Bank have halted their operations in the Palestinian territories in an open protest against unjustified increases in the rates charged for imported Israeli cement by the Palestinian Commercial Services Company (PCSC). PSCS has increased the cement prices six times since the beginning of 2013. “A total of 67 ready-mix cement companies will not function in the West Bank unless the PSCS gives up its decision to increase the price of cement by ILS18 (US...

Israel: Nesher to pack cement in smaller bags

13 December 2013, Published under Cement News

Nesher 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: Nesher cement to face competition

26 June 2013, Published under Cement News

An 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...

Israel's Clal sells 55% of Nesher cement unit to Livnats

13 February 2012, Published under Cement News

Holding 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...