Cement News tagged: International
US$135.7m loan for Novoroscement, Russia
Germany’s HypoVereinsbank (Munich) and Moscow’s Unicredit Bank have jointly provided a US$135.7m loan to cement manufacturer Novoroscement,
Two Vietnam cement makers to merge
A contract on merging Cotec cement plant, an affiliate of Construction and Construction Material Joint Stock Company (Cotec), and Holcim Vietnam Cement Joint Venture (Holcim) will be signed September
India Aditya Birla Aug cement shipments down 5.4 per cent
Cement shipments by India’s Aditya Birla Group in August fell 5.4 per cent from a year earlier to 2.19Mt the firm said late on Tuesday.
Italcementi in Libyan joint venture
A joint venture between the Libyan government, in the form of its Economic and Social Development Fund, Italcementi is to build a 4Mta integrated cement works at a cost of between US$550m and US$750m.
Attock profit declines, Pakistan
The profit after tax of Attock Cement Pakistan Limited (ACPL) has declined to Rs 435.025m in the year ended June 30, 2008 as compared to Rs 796.433m earned in the corresponding period last year.
Cement prices up Rs3 in Mumbai
ACC, Ambuja and JK Lakshmi, following UltraTech, have increased cement prices in Mumbai by Rs 3 a bag (50kg), effective from September 1.
Sri Lanka’s Tokyo Cement net up 25 per cent in June
Sri Lanka’s Tokyo Cement group posted 25 per cent higher net profits for the June 2008 quarter, compared to the same 2007 period, un-audited results showed.
Cement firms want EAC to return suspended duty
East African governments have phased out suspended duty on cement, wrong-footing new and old investors in the sector, according to local players.
Court opens case upon Dontsement bankruptcy, Ukraine
Donetsk regional business court has opened a case upon bankruptcy of a large Ukrainian cement producer Dontsement, Donetsk region.
Cement offtake in South surpasses all-India numbers
Cement majors, including India Cements and Madras Cements, have been reaping the benefits of higher prices and the highest growth in demand from the southern market in the first four months of 2008-09
New cement plant in Baha, Saudi Arabia
In line with the directives of Custodian of the Two Holy Mosques King Abdullah, an SR1.48bn cement plant is to be established in the Baha province, located south of Jeddah.
China’s reports sound performance in January-May
China’s cement output increased nine per cent to 514Mt, and sales revenue soared 23.6 per cent to CNY160.7bn in January-May
Fall in coal prices may ease cement firms cost burden
The recent fall in coal prices seems to have provided a much needed breather to cement companies in India, but it apparently is not enough to protect the depleting profit margins.
Siam Cement plans to raise output in Cambodia
Siam Cement Group (SCG), Thailand’s largest industrial conglomerate, is planning to invest $200m to more than double the capacity of its cement factory in southern Cambodia.
Cement prices fall in north India as supply improves
Excess supplies and faltering demand have forced cement makers to reduce prices by Rs5-10 per 50kg bag in north India.
Cemex, Chávez reach agreement on nationalisation
The Venezuelan government has reached an agreement with Cemex on the nationalisation of subsidiary Cemex Venezuela,