Cement News tagged: International
TJCC to Set Up Joint Venture in Liaoning
Tangshan Jidong Cement Co., Ltd., TJCC , announced on February 8 that the company intended to inject investment in Chengxing Cement Company, a subsidiary of Liaoning Liaodong Cement Group, and will be
Chinfon plans extra investment of US$160m
Vietnamese-Taiwanese cement joint venture Chinfon Haiphong has proposed increasing its investment capital by US$160m to build a second line to double its output capacity. The Ministry of Planning and
Govt tries to stop Cemex exit
The government said it will try to prevent Mexican-based cement giant Cemex SA from leaving the country by offering a settlement to resolve a protracted dispute over the company’s investment in
Bombay stock prices
In the limelight again was cement with cement stocks having a smart rally on news that domestic cement prices may be raised. Grasim zoomed by 4.27 per cent to Rs1154.75; ACC appreciated 3.9 per cent t
RMC - no surprises say Merrill Lynch
Post the trading statement in December, there should be few surprises in 2003, says analysts at Merrill Lynch, although the precise timing of the Adelaide Brighton sales, inter-co debt repayments coul
Palastinian cement sales to Israel?
An inquiry has opened into allegations that Palestinian companies have been supplying cement to make the concrete slabs that form the contentious separation barrier in the West Bank. A Palestinian pa
Morocco cement sector gains strength
Moroccan cement firms are set to publish some of their best results ever due to the government’s drive to build housing for the poor and develop the country’s infrastructure, traders and a
Iranian cement industry set to be privatised
According to "Tehran Times", all governmental cement production units are to be completely privatized by the end of the Third FiveYear National Economic Development Plan on March 20, 2005. In 2000, so
Reconstruction of Hrazdan cement plant
This year owners (Mika Ltd) is starting the reconstruction of the Hrazdan Cement Plant in Armenia, reports the company’s president Mikhail Bagdassarov. The company will purchase additional equi
SCCC expects strong 4Q
Siam City Cement Co is expected to post strong 4Q03 results thanks to the firm cement price and QoQ improvement in cement demand. Outlook for 2004 appears bright with cement demand remaining strong an
Boral looks to US acquisitions
Building materials group Boral has flagged the possibility of a future capital raising, after declaring that its short-term acquisition plans did not stop with its planned A$867 million takeover of Ad
South African cement sales rise
South African cement volumes rose by 6.3 per cent y/y in January 2004 to 607,335t after increasing by 13.9 per cent y/y in December 2003 to 671,525t, data released by the Cement & Concrete Institute (
Boral sees earnings up 20 per cent
Building products company Boral Ltd today said it expected 2003/04 earnings to be about 20 per cent higher than the previous year. The company, which is currently seeking to takeover cement group Ade
Indocement sees 2004 growth flat in election year
Indonesia’s second-largest cement maker, PT Indocement Tunggal Prakarsa Tbk, said on Monday it expected flat growth this year due to slack demand in an election year in the country. But the fir
FLS Industries sells aerospace subsidiary
Danish engineering and cement group FLS Industries signed a 350 mln Danish crown (US$59.9m) contract for the sale of its subsidiary FLS Aerospace with Swiss aircraft maintenance provider SR Technics,
No talks scheduled as cement workers picket
Workers at Hawaiian Cement are on their third and fourth days of the strike. Talks between managers and union negotiators broke off Saturday night. No new talks are scheduled for either group. The Tea