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Cement consumption up by 14% in Q1, PhilippinesLocal 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. The amount is almost 500,000...News - 24 April 2007 |
Cement imports eyed to keep local prices down, VietnamCement prices in the country are considered more expensive when compared to neighboring countries, prompting Trade and Industry Secretary Peter Favila to encourage cement users to buy overseas giv...News - 23 April 2007 |
Lafarge increases stake in HeraclesLafarge said it has acquired a further 26 per cent stake in Greek cement producer Heracles for EUR321.6m, increasing its holding in the company to 78.7 per cent. Lafarge bought the stake from th...News - 19 April 2007 |
Republic Cement approves merger with Fortune Cement, 2 other unitsRepublic Cement Corp said its board has approved its merger with three of its units, including Fortune Cement Corp, with Republic as the surviving entity. Republic owns 99.24 pct of Fortune, 98....News - 19 April 2007 |
Lafarge Indonesia looks to 23 per cent increase salesThe world’s largest cement producer, Lafarge, sees a growing market in Indonesia, and predicts its Aceh subsidiary will book a 23 per cent increase in sales this year to 1.6Mt from 1.3Mt last year...News - 19 April 2007 |
Second cement plant to be built in AzerbaijanConstruction of a second cement factory will be commence at the end of this year, according to Azerbaijan Investment Company Deputy Executive Director Riyad Gasimov. He said that representati...News - 18 April 2007 |
Philippines Republic Cement 06 net profitRepublic Cement Corp said its net profit in 2006 nearly tripled to PHP2.63bn, from PHP900.4m in the previous year, boosted by higher sales, lower financing charges and an income tax gain. The...News - 17 April 2007 |
Cement importation sought, PhilippinesSince there is no more local cement industry to speak of, Councilor Peter Laviña is pushing for the importation of cement to help increase supply and lower its prices. In an email, Laviña said th...News - 16 April 2007 |
Taiheiyo plans expansion in USTaiheiyo Cement Corp. of Japan may buy plants in the US, the company’s most profitable market, and in faster-growing countries in Asia as demand at home falls and competition in global cement mark...News - 11 April 2007 |
Findings on cement overpricing out shortly. PhilippinesThe Department of Trade and Industry is set to release within the next few days its findings on alleged overpricing of cement by local producers. Trade Secretary Peter Favila said the department ...News - 10 April 2007 |