Cement News tagged: International
Tonasa to build packing plants
Indonesian-based PT Semen Tonasa plans to build cement packing plants in Pontianak and Ternate.
New Uzbekistan cement venture announced
South Korea’s Natural Cement Corp Ltd and Uzbekistan’s Asia Cement International have set up a joint venture to build a roughly US$300m cement plant in Uzbekistan.
Saint-Gobain buy of Maxit granted conditional clearance by EU
The European Commission said it granted conditional clearance to the proposed acquisition of Maxit Holding AB of Sweden by Compagnie de Saint-Gobain of France.
Tokyo Cement pumps US$15m investment to Trinco factory, Sri Lanka
Tokyo Cement Company (Lanka) Ltd has installed new equipment at an investment of US$15m at its Trincomalee factory recently.
Pakistan cement sector profits decline by 87 per cent
The profitability of cement manufacturing companies listed in Karachi Stock Exchange (KSE) has sharply declined despite growth in export and domestic sales during the first half of fiscal year 2007-08
Lafarge to invest EUR600m in six new cement plants in China
Lafarge said it will invest over EUR600m in six new cement plants in China through an agreement with Chinese equipment supplier CBMI Co Ltd.
CRH’s earnings profile shifts towards Europe
CRH increased turnover by 12.0% last year to EUR20,992m and the EBITDA advanced by 16.5% to EUR2,860m.
ACC production increases 15 per cent
Cement production of ACC increased 15 per cent to 1.69Mt in February against 1.47Mt in the same period last year. Dispatches rose 17 per cent to 1.69Mt (1.44Mt) , the company said.
SW cement plant at Salboni, India
Sajjan Jindal-owned JSW Steel Group will be setting up a 3Mt cement plant at Salboni in West Bengal.
Dalmia Cement Feb shipments up 7.7 per cent YoY
Dalmia Cement (Bharat) Ltd said its February cement shipments rose 7.7 percent to 287,000t, while production in the month rose 4.2 per cent to 265,000t.
Cimpor buys quarries, six cement plants in Spain for EUR80m
Cimpor said in a regulatory filing late Monday that it acquired six cement plants and a set of quarries in Spain, for a total investment of about EUR80m
Readymix profit plummet 35 per cent on slowdown
Pre-tax profits at cement group, Readymix, plunged by 35 per cent last year as the construction and property sectors slowed, the group said in its preliminary results for the year to the end of Decemb
Spanish Cementos Molins 2007 profit up to EUR118m
Spanish cement company Cementos Molins booked an EUR118m (US$179.9m) net profit for 2007, up eight per cent YoY, the company said on March 3, 2008.
Aditya Birla Feb cement shipments up 5.3 per cent YoY
India’s Aditya Birla Group’s cement shipments in February rose 5.3 per cent to 2.73Mt from year earlier.
Pakistani cement sales up 22.7 per cent
Pakistani cement sales jumped 22.7 per cent in the first eight months of the 2007/08 fiscal year, compared with the previous year
Cement manufacturers’ body, nine others charged with cartelisation
The MRTPC on Monday found Cement Manufacturers Association (CMA) and nine others including ACC and Birla’s Grasim Cement, guilty of having acted in concert to raise the price