Cement News tagged: International
Republic Cement says price hike unlikely
Listed Republic Cement Corp. yesterday said it was unlikely to increase prices this year even with low demand.
HeidelbergCement shows good margin improvement
HeidelbergCement raised turnover by 12.5% to EUR4,810.8 in the first half of 2007m, with the EBITDA advancing by 19.7% to €974.5m.
China National Building Material plans to buy stakes in 10 China cement firms
China National Building Material Co Ltd (CNBM) said it has signed letters of intent (LOI) to acquire stakes in 10 cement companies in China.
Binani Cement to invest US$100m in China plant
Binani Cement Ltd plans to invest US$100m more into the Chinese cement company Shandong Rong’an Group, in which it bought a 49% stake for US$110m earlier in July
Italcementi’s Asian profits grow by 39%
Italcementi’s first half turnover increased by 5.6% to EUR3073.1m, but the EBITDA declined by 1.7% to EUR726.9m and the reduction at the trading level increasing to 5.1% to EUR508.2m.
Kenya cement merger on the cards
The Kenya government has received a proposal for the merger of the two largest cement producers in Kenya, Bamburi Cement Ltd and East Africa Portland Cement Ltd
Carib Cement recovers from cement crisis
There has been a major turnaround in the financial performance of Caribbean Cement Company Limited.
Mexico’s Moctezuma to build new cement plant
Mexico’s Corporacion Moctezuma plans to build a new cement plant in the Gulf of Mexico state of Veracruz, to meet growing demand.
Venezuela takes step to expropriate cement company assets
Venezuela has declared the assets of the Corporacion Cemento Andino of public utility and social interest,
Jaiprakash Associates to invest in cement units
Infrastructure major Jaiprakash Associates (JAL) will invest Rs 4,000 crore by 2009 to increase its cement capacity by more than three-fold to 25Mt.
China’s investment in cement industry surges 54.27% in H1
China’s investment in cement industry surged 54.27 per cent in the first half of this year, according to the latest statistics announced by the National Development and Reform Commission (NDRC)
Cartelisation in cement industry an illusion: CMA Chief
Cement manufacturers, whom the country’s anti-monopoly watchdog suspects of forming a cartel to push up prices, today said the talk about cohesion was nothing more than wishful thinking.
Lafarge increases cement shipments by 5%
Lafarge’s first half turnover improved by 4.1% to EUR8,385m, with the EBITDA rising by 14.4% to EUR1,825m and the trading profit by 19.9% to EUR1,360m.
ACC production rises 10.8 per cent
ACC Ltd registered 10.8% increase in cement production in July to 1.63Mt from 1.47Mt a year ago.
New cement plant planned in Balkan province
The cabinet of ministers of Turkmenistan made a decision to construct a new cement plant in the Balkan province.
Cementos Argos plant in Trujillo pending nationalisation
The Venezuelan government has submitted to the Asemblea Nacional a proposal to acquire assets of the Colombian company Cementos Argos,