Cement News tagged: International
Russia’s Sibirsky output up 9.2% on year in Jan-Jul
Russian holding Sibirsky Cement produced 3.061Mt of cement in January-July, up 9.2% on the year, the company’s press office said in a statement Thursday.
Russia backs tariff-free cement imports to Oct ’09
The Russian government has called for tariff-free imports of cement to continue for a year until October 2009, ignoring the complaints of local producers as the country grapples with rampant inflation
FLSmidth increases estimates on new capacity orders in 2008
FLS, the world’s largest manufacturer of cement plants, earlier today increased its estimate of the amount of new annual cement capacity that will be ordered in 2008, outside of China.
ABG International to set up plant in MP
ABG International, which has a 56.16% promoter stake in ABG Shipyard, is setting up cement capacities totalling 4.6Mt in Gujarat, that should be commissioned in two years, via the unlisted ABG Cement.
Ash Grove buys stake in Eagle Materials
Ash Grove Cement Co. of Overland Park has taken a five per cent stake in Eagle Materials Inc.
Ash Grove buys stake in Eagle Materials
Ash Grove Cement Co of Overland Park has taken a five per cent stake in Eagle Materials Inc.
Record half-year for AdBri
Increased demand for cement has helped Adelaide Brighton to a record half-year profit of almost $48m, a rise of seven per cent on the previous corresponding period.
Cemex looks to regain assets
Cemex said yesterday it could turn to international arbitration to resolve a dispute with Venezuela’s government, which seized the company’s unit there in a nationalisation drive.
Holcim 1H Net profit down 56% on items; cuts guidance
Holcim lowered its full-year outlook after reporting a 56% decrease in first-half net profit on special factors, high raw material costs and currency-exchange rate effects.
Malaysia: ‘Govt should further explain cement liberalisation’
The Masters Builders Association of Malaysia (MBAM) has welcomed the suggestion that the government needs to further explain to market players
’We’re determined to maintain 30 per cent profit margins’
Government-directed prices, rising fuel and freight costs have severely impacted the cement industry’s prospects after more than four profitable years.
Thai TPIPL slumps, revised results show huge loss
Shares in TPI Polene, Thailand’s third-biggest cement firm, fell 11 per cent to a 10-year low on Wednesday after it revised its second-quarter results to show a huge loss after a provision for a
ASEC in Ethiopian purchase
Egyptian company ASEC Mining (Ascom) said it was taking a 20 per cent stake in a new company that will produce cement in Ethiopia.
Ambuja Cements to hike prices by INR20 a bag
Ambuja Cements (ACL) has decided to raise cement prices by Rs 20 per 50kg bag in two tranches. The first hike is expected to be effective from October
Holcim Romania hikes prices by 10-12%
Holcim Romania has hiked cement prices by 10-12% since January, the company’s general manager Markus Wirth told a press conference Monday.
Akcansa profit drops 31.5% YoY in 1H08
Consolidated profit of Turkish producer Akcansa fell 31.47% YoY to TRY70m (EUR40m) in 1H08