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Lafarge acquires 35 per cent stake in Algerian cement maker ERCC

Lafarge has acquired a 35 per cent stake in Algerian cement company ERCC, according to Agence-France Presse.   The acquisition is part of Lafarge’s overall investment in Algeria of between US$400m...
News - 14 May 2008

Lafarge Cement UK to trial solid recovered fuel

Lafarge cement, which has six cement kilns in the UK, has received a permit from the Environment Agency to trial Solid Recovered Fuel (SRF) at its Cauldon Works in Staffordshire. The move follo...
News - 13 May 2008

Cost of South African cement set to increase

Cement prices are set to rise significantly again from July, although one of the major local producers is resisting the industry pricing trend.   Pretoria Portland Cement (PPC) and NPC-Cimpor conf...
News - 12 May 2008

Orascom boosts Lafarge’s Middle Eastern & African cement sales

Lafarge’s turnover increased by 8.3% in the first quarter to EUR4,000m, helped by the consolidation of Orascom from the 23rd of January.  The EBITDA advanced more markedly by 33.0% to EUR765m and ...
News - 08 May 2008

HeidelbergCement upbeat on 2008 outlook

HeidelbergCement , the world’s third-biggest cement maker, expects to boost sales and profit sharply this year as demand from eastern Europe and Asia offsets a weak North American market.   The co...
News - 08 May 2008

Shui On Construction sells cement plants to unit for HKD352m

Shui On Construction and Materials Ltd said it will sell cement and concrete plants in the southwestern province of Guizhou to its 45-per cent owned unit Lafarge Shui On Cement Ltd for HKD352m.   ...
News - 07 May 2008

Titan 1Q08 turnover declines, buy-out of Lafarge in Egyptian joint venture announced

Titan’s first quarter turnover emerged 0.6% lower at EUR340.2m and the EBITDA declined by 14.3% to EUR76.2m, while at the net attributable level there was a 15.8% reduction to EUR 43.7m.  Highe...
News - 07 May 2008

Heidelberg, Lafarge, Birla Group lead L&T unit bidders

HeidelbergCement, Lafarge and India’s Aditya Vikram Birla Group are the lead bidders for the ready-mix concrete business of Larsen & Toubro, the Economic Times reported Friday, citing unnamed sour...
News - 02 May 2008

OCI profit jumps on more contracts

Egypt’s Orascom Construction Industries said its net income in 2007 grew by almost half from the previous year on a record number of construction contracts.   The company said its 2007 net income,...
News - 01 May 2008

Venezuela Oil Min: some cement companies agree to JVs with state

Venezuela has offered foreign cement companies subject to nationalisation the chance to form joint ventures with the state, and "some of them" have agreed to do it, Venezuelan Oil Minister Rafael ...
News - 01 May 2008