Cement News tagged: International
97.3% of Novoroscement sold, pending FAS approval
Chevre Investments Ltd. of Cyprus purchased 97.29% of Novoroscement, one of Russia’s largest cement producers, Aton Capital quoted Vedomosti as reporting, citing the Federal Anti-Monopoly Servic
Bulgaria is Titan’s top performer in 2006
Titan’s turnover rose by 16.8% to EUR1568m in 2006 and the operating profit at the EBITDA level improved by 23.7% to EUR481m.
Pakistan cement makers slash prices
Cement companies have reduced cement prices by Rs 5-12 per 50-kg bag after government’s straight instructions to manufactures to cut prices within a week or face action.
Fauji Cement’s half-yearly profit crosses Rs 366m
The Fauji Cement Company Limited (FCCL) has earned Rs 366.096m after tax profit in the first half of current fiscal year of 2006-07.
India cement consumption to cross 150Mt this fiscal
With the capacity utilisation crossing the 100% mark for the first time in January 2007 and two more peak months of February and March left in the current fiscal, cement consumption this fiscal is all
Mediterranean find petcoke cheaper option
Cement makers in Turkey, Greece and Italy are seeking more steam coal to replace expensive petcoke for 2007 delivery, traders and cement industry sources said.
India Cements mull merger with Visaka Cement
India Cements Ltd said Thursday its board will meet on Wednesday, Feb. 28, to consider a proposal to merge with an associate firm, Visaka Cement Industry Ltd
German Court finds claim against cement firms cartel admissible
The Duesseldorf regional court in Germany found admissible the 114 mln euro ($149.8 mln) compensation claims against six leading cement producers
HeidelbergCement FY sales up 18.3 per cent
HeidelbergCement AG said full year 2006 sales rose to EUR9.234bn from EUR7.803bn in 2005 and forecast a ’noticeable’ increase in 2007 full year earnings and sales.
Cemex to build plant in Teruel
Mexican cement manufacturer Cemex is to invest EUR84.4m in the construction of a new cement plant in Andorra, in the Spanish autonomous region of Aragon
Presidential decree liberalises cement sector in Congo
A decree signed Saturday (17 February) by Congolese president Denis Sassou Nguesso has liberalised the price and import of cement.
Eurocement Group Business of Uzbekistan boosts Output 16%
After being incorporated in the Eurocement Group, the Akhangarancement mill of Uzbekistan tangibly improved performance in 2006.
Cement manufacturers asked to cut prices
The federal government on Tuesday warned the cement manufacturers that if they did not reduce prices within one week, they would have to face the music.
ASEC tops Cimpor bid
Arab Swiss Engineering Company has launched a counterbid for Egyptian cement company MISR Cement Co. issued shortly after Cimpor unveiled its offer for the cement maker.
Indonesia’s Jan cement consumption up 18.6 per cent YoY
Indonesia’s cement sales rose 18.6 percent in January from a year ago as the sector showed signs of recovery on the back of a pick-up in construction,
Belarusian Cement Works reports 110-per cent export increase in January
The Belarusian Cement Works (BCW) increased its exports by 110 percent in January 2007, a source at the enterprise located in Kastsyukovichy