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Semen Gresik seeking to avoid price war 17 March 2009 this year," said Dwi Soetjipto, president director of Semen Gresik on Tuesday. (CW Group) Semen Gresik, Dwi added, had other plans to anticipate a possible slowdown in domestic cement demand this year: "We plan to expand our export sales to 1,5 million... Type: Article Category: Markets & Competition Semen Gresik seeking to avoid price war 17 March 2009 this year," said Dwi Soetjipto, president director of Semen Gresik on Tuesday. (CW Group) Semen Gresik, Dwi added, had other plans to anticipate a possible slowdown in domestic cement demand this year: "We plan to expand our export sales to 1,5 million... Type: Article Category: Markets & trade ACC says India may see consolidation 17 March 2009 price." Germany's HeidelbergCement has a 55% stake in Mysore Cements, which has annual capacity of 7 million tons. Lafarge plans to double its capacity in India from 5,5 million tons, while Cemex does not have a presence in India, Reuters explained. "We... Type: Article Category: Markets & Competition Chihuahua facing alt fuels resistance in Pueblo 15 March 2009 subsidiary, GCC of America is planning to use scrap tires to fuel production at its new Pueblo cement plant. However, the plans to use alternative fuels is meeting strong resistance from opponents over environmental concerns. [$] (CW Group)... Type: Article Category: Environment Huaxin Cement plans $585MM placement 15 March 2009 China's Huaxin Cement announced on Saturday that it will be looking to raise 4 billion yuan ($585 million) through a private placement of China-listed shares. Holcim controls around 40% of Huaxin. (CW Group) Reuters reported that Huaxin said it will... Type: Article Category: Mergers & Acquisitions Holcim Indonesia said to be planning Asia acquisition 13 March 2009 content you tried to access is only available to paid subscribers.","link":"1"}] The company plans to "acquire a company within Holcim regional group," it said in a statement in Investor Daily Indonesia newspaper, Bloomberg reported. It didnÔÇÖt give... Type: Article Category: Mergers & Acquisitions Uzbekistan to see 3 new cement factories 13 March 2009 were planned to be built between 2008 and 2012. "There are no adjustments to the program, and we have not abandoned the plans and the work is proceeding successfully", Rustam Israilov said. He has also mentioned that at the end of 2008 Russian oil and... Type: Article Category: Plant Expansions Malaysia cement sector upgraded by analyst 11 March 2009 rose after Maybank Investment Bank upgraded Malaysia's cement sector to "neutral" from "underweight," saying the country plans to accelerate building projects which will lift cement demand. (CW Group) Lafarge Malayan, the countryÔÇÖs largest cement... Type: Article Category: Markets & Competition Huaxin Cement profits up 58% in 2008 11 March 2009 sell 33,59 million tons of cement this year while sales revenue is expected to increase 40%, the company said. The company plans capital expenditure of 4,29 billion yuan to upgrade and build new plants this year, and part of the fund is likely to be... Type: Article Category: Financial Anhui Conch pushes west with $175MM investment 11 March 2009 Anhui Conch Cement plans to invest over CNY 1,2 billion ($175 million) into 4.500 tpd production lines in western China's Chongqing, Sichuan and Gansu regions. Demand in these areas is expected to surge in the next three to five years on infrastructure... Type: Article Category: Plant Expansions Cemex bond rating cut after bond issuance fails 10 March 2009 to meet debt maturities of between $1,8 billion and $2 billion after using its cash profits to pay debt. Cemex has said it plans to sell assets to make up the shortfall in addition to its efforts to refinance debt, Bloomberg said. Copyright CW Group.... Type: Article Category: Financial Argos on look-out for international opportunities 09 March 2009 market, although it currently may not be as attractive as the other three, he said. The company has reduced its investment plans and postponed several projects for 2009, said the executive. Currently, Argos is building a cement plant in the northern... Type: Article Category: Mergers & Acquisitions Cemex cancels bond plans, forced to negotiate with banks 09 March 2009 Cemex announced on Monday that it gave up efforts to issue $500 million of bonds on weak demand and that the company now is trying to renegotiate $14,5 billion of debt held by its banks. Cemex said asset sales are also central to achieving financial... Type: Article Category: Financial EBRD backs Garadagh expansion program 08 March 2009 commissioning of the new kiln is expected, ABC reported. "Overall project cost is approximately EUR 330 million, and EBRD plans to organize financing for EUR 170 million. The EUR 170 million structured corporate loan with a senior A/B loan of EUR 150... Type: Article Category: Plant Expansions Cemex bond sale facing doubts on weak demand 05 March 2009 with talk the company would have to pay too much interest to bring the deal to fruition, and may have to backtrack on the plans, at least temporarily, the Wall Street Journal commented. Despite an extensive roadshow in London and New York the company... Type: Article Category: Financial Ciments Francais net plummets 44% in 2008 05 March 2009 percent to 1,021 billion euros, Ciments Francais said. Revenues rose 1,9% to 4,775 billion euros. "Although several stimulus plans were announced in Europe and the United States, the group expects shrinking demand in developed countries and mixed demand... Type: Article Category: Financial Holcim monthballs two more US plants 04 March 2009 mothballing of plants will save Holcim about 230 million francs, 75% of which will be realized in 2009. The company said it plans to keep permits valid at the Mason City plant so it can restart operations if the economy turns around. However, Holcim... Type: Article Category: Financial Holcim outlook gloomy after missing forecast 04 March 2009 net profits on a dramatic collapse in demand worldwide. Profits missed analyst estimates and the company said that it has no plans to acquire HeidelbergCement. (CW Group) Full-year profits decline to CHF 1,8 billion, below the average estimate of CHF... Type: Article Category: Financial Siam City Cement considering idling third kiln 03 March 2009 two million tons per year, he said. Should Siam City Cement decide to shut down the third kiln, Kantanit said there were no plans to lay off about 40 people who work there. It would instead move them to other facilities, such as the ready-mixed cement... Type: Article Category: Markets & Competition Siam City Cement considering idling third kiln 03 March 2009 two million tons per year, he said. Should Siam City Cement decide to shut down the third kiln, Kantanit said there were no plans to lay off about 40 people who work there. It would instead move them to other facilities, such as the ready-mixed cement... 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