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Credit crunch slows India expansion plans

Costlier raw material and tight credit conditions have slowed down Indian cement companies’ ambitious

EIB loan for Derba Midroc cement factory, Ethiopia

Derba Midroc Cement company (DMC) in Ethiopia has benefited from a EUR29m loan from the European Investment Bank (EIB).

Lafarge’s valuation trimmed on likely slowing demand

Aseambankers Equity Research has adjusted its price target for Lafarge Malayan Cement Bhd given a cloudy outlook on d...

Anil Singhvi to set up cement business at Reliance Natural

Anil Singhvi, former managing director of Ambuja Cements, has joined Anil Ambani’s Reliance Natural Resources (...

Holcim to establish training facility in Switzerland

Holcim said it has commissioned a new training centre in the Swiss town of Holderbank.

Brazil: Votorantim expands cement distribution

Votorantim Cimentos, engaged in a R$2bil cement capacity expansion investment to add 8Mta by 2010,

FLSmidth wins largest cement plant in Russia

FLSmidth has signed a contract worth EUR79.3m for a complete cement production line to be built on an existing cement...

Egyptian companies in talks on cement plant in Sudan

Two Egyptian companies have said they are in talks with the Sudanese armed forces on the feasibility of building a ce...

Thailand price rise to counter-balance cost hike

During January-April 2008, domestic cement sales volumes in Thailand dropped to 9.2Mt, down 5.0% YoY

Holcim scoops up ACC shares to cement control

Holcim is increasing its stake in Indian cement producer ACC through open market purchases in an attempt to get major...