Cement News tagged: International
No discrimination between foreign and domestic in cement industry
Competition Board President Mustafa Parlak has spoken about Turkey’s cement industry, saying that there are no di
Govt can’t ban cement cartel: FM
Government on Tuesday admitted to the presence of cement cartels and its inability to deal with them without effective competition law in the country.
Cement production reaches record high
Production of clinker in Poland reached 2.37Mt in Q1 2007, an increase of 102.4% compared with the corresponding peri
Cement producers oppose 2007 incentives
Local cement producers have strongly opposed the plan of the government to extend incentives to new players in the industry, saying it will create an unfair non-level playing field.
Cement consumption up by 14% in Q1, Philippines
Local cement manufacturers are upbeat on this year’s business prospects as consumption of cement grew 14% to 3.285Mt in the first quarter -the highest since 2001.
Holcim ups stake in India’s Gujarat Ambuja Cement to 30.3 per cent
Holcim has hiked its holding in India’s Gujarat Ambuja Cement to 30.3 pct from 28.5 per cent following the purchase of a 1.84 per cent stake for about INR3bn, the Economic Times reported.
Aveng sells out of Holcim SA in landmark R7.4bn BEE deal
Aveng, South Africa’s biggest construction and engineering company, will sell its entire 45.65 percent shareholding in cement producer Holcim South Africa for R7.4bn,
China’s Sinoma wins US$127.4m contract in Iraq
Sinoma International Engineering Co Ltd said it has signed an agreement to build a cement plant for Mass Iraq For Industrial Investment Co at a cost of US$127.4 m.
INTEKO to invest RUB8bn in cement plant reconstruction
Moscow-based company INTEKO has decided to invest about 8 billion rubles out of own funds and external loans in modernization of the production of Verkhnebakansky cement plant (Krasnodar Region).
Cimpor buys Ukraine cement plant
Cimpor and builder Teixeira Duarte SA have bought a cement plant in Ukraine, in a deal that marks the entrance of the two companies into the eastern European market, Diario Economico reported.
ACC to acquire 12 per cent stake in Shiva Cement
Private sector firm Shiva Cement is going to allot 12 per cent stake to leading cement maker ACC, as per a share subscription agreement,
YSR lays stone for cement unit
Chief Minister Y.S. Rajasekhara Reddy laid the foundation stone for Rs. 1,500-crore Dalmia Cements unit at Navabpet in Mylavaram mandal on Friday.
Russian court throws out Russia Partners’ suit vs Eurocement Group
The Moscow Arbitration Court Friday threw out a lawsuit filed by affiliates of U.S. investment fund Russia Partners against Russia’s Eurocement Group over alleged profit stripping.
Singapore’s Jurong Cement warns of losses for year to March
Jurong Cement Ltd said it is expecting to report losses for its financial year to March, due to a sharp rise in sand and granite prices and poor results in one of its Chinese associates.
YSCC to establish Batis cement factory
Yemeni-Saudi Cement Company signed Saturday an agreement with the Chinese Sinoma International Company to build and equip Batis Cemen
7Mt of surplus cement by June-end, Pakistan
Pakistan’s cement industry is likely to produce 7Mt surplus cement by the end of current fiscal year ending June 2007, followed by another 12Mt surplus production during next fiscal year 2007-08.