Cement News tagged: International
Lafarge inaugurates its first cement grinding plant in Vietnam
Lafarge, which first moved into the Ho Chi Minh City region in 2001 with ready mix concrete operations, has just inaugurated its first cement grinding plant on the Long Tau river, 25km south-east of H
CIMA receives fresh offer from Vicat, Malaysia
Cement Industries of Malaysia Bhd (CIMA) said it has received a fresh offer from French cement company VICAT to acquire stakes in its subsidiaries.
International creditors offer huge loans to Tay Ninh Cement, Vietnam
BNP Paribas of France and China’s ICBC on Monday signed a loan agreement with Vietnam’s FICO to provide the latter a syndicated loan of US$97.1 million to build Tay Ninh Cement Factory.
Government to tackle Carib Cement over price hike
Industry and Commerce Minister, Phillip Paulwell, and Finance Minister, Dr. Omar Davies, are to tackle Caribbean Cement Company Limited over its latest round of price increases.
Taiwanese expect profit decline in China
Taiwan’s cement makers with operations in mainland China will see their profits for the year drop 10 per cent from their projections made in the beginning of this year, because the cement prices in th
Kien Giang produces 1.86Mt of cement
The southern province of Kien Giang has produced 1.86Mt of cement so far this year, earning VND1.4 trillion (US$88m) in revenue, says the provincial industry department. Ha Tien Cement Co accounted f
Lafarge set to gain in Malaysia
Lafarge Malayan Cement Bhd, has been singled out by AmResearch in a report released yesterday. With its 44 per cent market share, Lafarge was also the leader in the domestic cement market, said the b
Two new cement plants planned
The Philippine Yuchengco group of companies and businessman Eduardo Cojuangco Jr. are putting up separate cement factories with a minimum investment cost of P1 billion each. Industry sources said cons
Cemex 2Q results bolstered by domestic sales growth
Cemex is expected to post solid revenue gains in the second quarter, with domestic sales growth making up for some weakness in its US business.
Govt, Rajawali, Cemex sign Gresik deal
Indonesian conglomerate Rajawali Group will buy 24.9 per cent of PT Semen Gresik for US$337m under an agreement signed Monday. As expected, Rajawali is acquiring the stake from Cemex, The Indonesian
China’s output of cement in May 2006
China produced 109,093,400t of cement in May 2006. The output in January-May reached 429,265,700t, up 20.4 per cent year on year, according to the National Bureau of Statistics.
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