Cement News tagged: International
Lafarge expands in China
Lafarge has undertaken to moves to strengthen its cement interests in China. The first involves the building of a second production line at its Dujiangyan works. This US$58m investment will double t
Wienerberger moves into Russia
Wienerberger AG is investing €30m in a brick plant at Kiprevo, in the Russian province of Vladimir, some 130 km to the north of Moscow. This represents the world’s leading brick producer’s first entr
Buzzi Unicem to raise additional equity
Although Buzzi Unicem already has one of the strongest balance sheets among the international cement groups, it is planning to raise some €205m through a two-for-fifteen rights issue. The proceeds of
Saint Gobain expanding in Russia
Saint Gobain Isover is more than trebling its capacity to produce insulation materials in Russia, where it is already the leading producer. This will take the form of an extension of the glasswool pr
Boy 9, to face death penalty?
Michigan, US: A 9-year-old boy is expected to face a judge next week for allegedly defacing a concrete floor with his bicycle, according to local Detroit news reports. The alleged incident occurred in
Kesoram plans to raise cement capacity
Kesoram Industries, the BK Birla group flagship, plans to invest Rs 350 crore to raise the capacity of its cement plant. ’We want to increase capacity in cement . We are examining the issue and
Cement sales fall
Cement sales in Chile totalled 1.57Mt in the first five months of 2004, a 2.8 per cent decrease from sales of 1.61Mt in the same period in 2003, according to a report by a Chilean brokerage house. The
Saudi Southern Province Cement
The cement output of Saudi cement producer Southern Province Cement (SPC) rose to 987,000t for the first three months of 2004 from 883,000t in the corresponding period of 2003. Local cement sales sto
Colacem obtains Tunisian funds
Italian cement maker Colacem will receive funds for some Euro 18m from a group of Tunisian banks for restructuring in the Tunis plant of its controlled cement company Les Ciments Artificiels Tunisiens
OCI signs Algeria cement plant loan
Egypt’s Orascom Construction Industries said its wholly owned subsidiary Algerian Cement Company signed a US$112m loan to build a second production line in Algeria. Orascom Construction (OCI) s
Athi River research deal
Jomo Kenyatta University of Agriculture and Technology (JKUAT) and Athi River Mining (ARM) have entered into a partnership to undertake research on concrete development technology. Both parties will c
HK Shui On to buy Yunnan stake
Shui On Construction and Materials Ltd, Hong kong, said Monday it has signed an agreement to buy an 80 per cent stake in cement maker Yunnan Cement from state-owned firm Yunnan National Assets Operati
Nordic Capital linked to Aalborg
Nordic Capital, the Swedish private equity firm, is in talks to take over Aalborg Portland, from FLS Industries, according to Scandinavian news sources. FLS has been preparing to sell Aalborg Portland
Qatar’s cement imports increase
The Qatar National Cement Company (QNCC) has decided to increase the import of cement. Three consignments aggregating to over 60,000t each are expected to reach Doha next month. Qatar mainly imports c
US builders ask for help
The nation’s builders are urging the United States government to eliminate obstacles to importing cement from Mexico to help alleviate a shortage that has delayed home building and other constru
Boral gains a swift hearing
Building materials major Boral has secured an expedited hearing for its court battle with the competition watchdog over its $1billion dollar-plus takeover bid for cement rival Adelaide Brighton, and t