Cement News tagged: International
Local Banks Lend to Bim Son
Five local Vietnamese banks will jointly give a loan of VND3.4 trillion (US$213.8m) to the Bim Son Cement Company to build a new production line, according to the contract signed between the two sides
Indonesia’s cement sales fall
The country’s cement sales dropped 4.1 per cent to 14.46Mt in the first half of 2006 from 15.08Mt in the same period last year. Data from the association of cement producers (ASI) show that sale
Nigerian cement war affecting prices
A fight among the cement industry’s major stakeholders over bulk cement import allocations has forced government to cancel the importation of some 2.5Mt of cement, and may have resulted in local price
More on the Mysore deal
HeidelbergCement has acquired a majority stake of 51 per cent in the Bangalore-based Mysore Cement for US$100m. The buyout will be followed up by an open offer to acquire a further 20 per cent share i
Holcim New Zealand looks at new plant options
Holcim New Zealand has begun consulting Oamaru residents over its plans to consider building a US$200m cement plant near the suburb of Weston. "We are seeking resource consents for the Weston site, bu
Lafarge moves closer to Harleyville expansion
About 70 people gathered at the Harleyville Community Center Tuesday night for a public hearing organized by the S.C. Department of Health and Environmental Control, according to Plant Manager Rafael
Lafarge: Black empowerment deal
Lafarge has announced a R1.1bn (EUR 120m) Broad-Based Economic Empowerment (BEE) deal, in line with the South African Government policy to transform the country, redress past racial inequalities and b
Secil boosts Angolan sales
Sales from the Tecnosecil cement factory in the port city of Lobito, Angola, increased by 61 per cent last year to reach a value of Euro 13.4m due
Semen Gresik: local cement sales increase
Indonesia’s largest cement maker PT Semen Gresik’s first half to June domestic cement sales grew 3.4 per cent year-on-year to 6.91Mt from 6.68Mt a year ago, according to a report from the
ACC Q2 net profit soars
Associated Cement Companies (ACC) posted a sharp growth in net profit for the second quarter as firm prices and gains from a non-operating transaction boosted the profitability of India’s second
Permit to build plant in Saudi jazan
A-Sharq Al-Awsat newspaper quoted Chairman of the Board of the Jazan Development Company Khalid bin Salih a-Shathari who announced in early June 2006 that the Company has received a permit from the Sa
Turkish cement demand grows Jan-May
National cement demand increased by 23 per cent in Jan-May, according to a report prepared by the branch association TCMB. Demand is estimated to have increased by a higher 25 per cent in June. To cov
Kabul grants licence to private cement company
Afghanistan’s Mines Ministry granted a licence to a private cement company that will invest US$140m in a new plant. Safi Brothers, which was the only bidder for the license, received the licence
Cement companies to post robust Q1 results, India
Cement companies are likely to report impressive June quarter results, driven by continuing demand growth and a sharp rally in cement prices.
GCC reports second quarter 2006 results, Mexico
Grupo Cementos de Chihuahua (GCC) announced consolidated results for the second quarter of 2006. Net sales in the second quarter of 2006 increased 48.7% to $1,934.9 million pesos. These gains reflecte
Carib Cement cleared of new allegations of faulty cement, Jamaica
Preliminary investigations carried out by the Bureau of Standards have cleared Caribbean Cement Company Limited of allegations that it was still releasing poor quality products to the market.