Cement News tagged: International
Turkish authorities seize Rumeli assets
The Turkish Savings & Deposits Insurance Fund has seized 219 companies belonging to the Uzan family in order to try and recover debts of in excess of US$5,500m. The Turkish judicial authorities are s
Taiwan to invest 10bn yuan in mainland China
Taiwan Cement Corp (TW 1101) plans to invest 10bn yuan in mainland China over the next five years for production expansion and acquisitions, company president Leslie Koo said.
Cement-makers want Indian firm
The BK Birla group is close to finalising a deal to sell its 1.5Mt cement company in India, Mangalam Cement Ltd.
ACC To Raise $100m For Expansion
ACC, India’s second largest cement maker, is likely to raise US$100m to fund a modernisation and expansion plan, reports the Financial Express.
Omani cement price increases 50 per cent
The price of cement in Oman has recently increased by 50 per cent, officials said. The price has been deliberately hiked by local traders of cement and building materials, although the demand on the m
St Lawrence Cement Acquires a Sand and Gravel Operation in Ontario.
St. Lawrence Cement has acquired a a sand and gravel operation in Southwestern Ontario. This acquisition will secure proven reserves of approximately 50Mt.
Turkish Adana Cimento Exports to Iraq at US$5.7m 2003
Turkish cement manufacturer and retailer Adana Cimento in Adana, southern Turkey, exported 160,000t of
Dangote Spurs Demand for BCC Shares
Investors have started responding to the on-going restructuring in Benue Cement Company PLC, with increased demanded for shares of the cement manufacturing company.
Thai firm looks at Mangalam cement plant in India
Ailing Indian firm Mangalam Cement Ltd says a Bangkok-based merchant bank has visited its plant last week, boosting its shares by 10 per cent on talk of a looming buyout in a sector ripe for consolida
Privatisation Commission suspends Thatta Cement sale process
The Privatisation Commission has suspended the process of sale of Thatta Cement Company Limited (TCCL) to Al-Abbas Group as the highest bidder has challenged it before the Sindh High Court, a commissi
Hawaiian Cement contract talks resume
Contract negotiators seeking to end a strike at Hawaiian Cement recessed tonight. But they plan to go back to the bargaining table on Tuesday 17 February.
CKI’s concrete unit to merge with Hanson’s HK arm
Cheung Kong Infrastructure Holdings (CKI), controlled by tycoon Li Ka-shing, said it will merge its concrete unit Anderson Asia (Holdings) Limited with the Hong Kong arm of Hanson PLC.
Siam Cement expands retail outlets
Siam Cement Marketing plans to open 150 new branches this year. This year Siam Cement Marketing plans to open 30 new Siam Cement Home Mart Max branches, up from 20 at present. The stores will speciali
Cement demand in Spain rises
Cement demand in Spain reached 3.4Mt in January 2004, up 1.64 per cent year-on-year, Spanish Cement Makers Association Oficemen said on February 12, 2004. Spanish cement makers produced 3.12Mt of cem
Siam City Cement’s 2003 results
Thailand’s second biggest cement maker, Siam City Cement, reported lower fourth-quarter profits on Friday as expected after a stronger baht and higher shipping fees ate into exports. But the com
Taiwan Cement group plans M&As
Taiwan Cement group will adopt an aggressive mergers and acquisitions strategy and will invest 8-10 bln yuan in five years in China to boost its cement capacity, the Commercial Times quoted Taiwan Cem