Cement News tagged: International
Cemex In Acquisition Talks With Mangalam
Cemex has started talks to buy India`s Mangalam Cement Ltd, reports the Economic Times. The deal may cost the Mexican company around 2 billion rupees ($1=INR45.45) to INR3 billion, said the paper
Berger Slovakia acquires PCLA stake
Slovak producer of construction materials Berger Slovakia, a subsidiary of German construction holding company Berger Holding, acquired a sizeable stake in Slovak cement producer Povazska Cementaren (
Spanish Catalonia cement
Cement consumption in Catalonia region, northeastern Spain, reached 6Mt in the 12 months to October 2003, a 6.3 per cent year-on-year increase, the Association of Cement Producers in the region said.
Austria`s Porr buys concrete plant
Austrian construction company Porr AG bought a Euro3.0m concrete production plant in Croatia from Austrian concrete producer Lafarge Perlmooser AG, it was reported on January 10, 2004.
Uzbekistan privatisation
Uzbekistan`s state property committee is offering foreign investors state stock holdings in one cement plant. A committee administration source told Interfax that 25 per cent of the stock in cement c
TPI plans loss wipe-out
TPI Polene plans to wipe out its accumulated losses of 19 billion baht this year, according to Prachai Leophairatana, the cement company`s rehabilitation plan administrator. He said that wiping out t
Turkish Mardin Cimento
Turkish cement, clinker and ready mixed concrete producer Mardin Cimento plans investments of 3.0 trln Turkish lira US$2.2m) for 2004, it was reported on January 9, 2004. The company said in a statem
Indian coal duty cut
The Indian cement industry has termed the Government`s move to slash basic customs duty on non-coking coal from 25 per cent to 15 per cent as a `step in the right direction` even as it admitted that t
Corporacion Noroeste
Spanish cement manufacturer Corporacion Noroeste will invest Euro 9.4m in a new mortar plant in Boqueixon, Galicia region, northwestern Spain. The construction works will begin in February 2003. The
New plant for Angola?
About US$50m will be invested by a ste-run Chinese engineering group in the installation of a new cement factory at Kicombo, in Angola`s Central Kwanza-Sul Province, according to local news sources.
Indian mini-budget
Cement companies are set to reap significant benefit from January`s mini Budget. Industry leaders said the government¹s decision to snip the customs duty on coal by 10 per cent, from 25 per cent to 15
Thai TPI Polene sees EBITDA rising in 2004
Thailand`s third largest cement maker, TPI Polene PCL , has said it expects 2004 earnings before interest tax, depreciation and amortisation (EBITDA) of about eight billion
Cement supplier donates money to benefit children
Global cement supplier Holcim turned over a donation of 32,000 Swiss francs, to the Nabunturan Child Assistance Program and ERDA TECH at a cocktail party billed `Dreams in Color` held recently at the
Cement manufacturers not happy with tariff cut
The Trade department`s decision to lower by P5 the duty on cement is a good compromise for both local manufacturers and consumers. Industrialist and consumer advocate Raul T. Concepcion said the
Chinfon plans US$250m investment
Vietnamese cement manufacturer Chinfon Haiphong has said it will invest an extra US$250m to expand its operations. The investment will go to a 500,000 tons/year clinker grinding station in Hiep Phuoc
Cement Exports to Yemen
Yemen imported Egyptian cement worth $4.4m in 2002, according to official statistics. Yemen`s cement imports totalled US$40.6m in 2002, up from US$36.8m in 2001 and US$32m in 2000.