Cement News tagged: International
GBL mulls boosting Lafarge stake to 25 per cent
GBL, the Belgian investment group controlled by Albert Frere and Canada’s Desmarais family, has raised its stake
Semen Gresik plans up to US$500m of bonds by March
PT Semen Gresik plans to issue US$300m to US$500m of bonds in the overseas market by March to help finance construction of cement and power plants
Siam City Cement Q4 net profit down 42 per cent
Siam City Cement , Thailand’s second biggest cement maker, missed forecasts with a worse-than-expected 42 per cent drop
Lucky Cement earning likely to show 22% rise, Pakistan
Lucky Cement Limited is expected to show a 22 per cent YoY increase in its net earnings to PKR968m for the first half of the current financial year.
India’s cement demand seen growing 10 per cent in fiscal 2008, 2009
Fitch Ratings said it expects India’s demand for cement will grow 10 per cent in fiscal years 2008 and 2009 due to increasing infrastructure spending, real estate development and corporate capit
China’s changing industry structure
More global cement producers have been swarming into China in recent years, and many domestic companies
PPC to raise quarry output with jaw crusher
Pretoria Portland Cement (PPC) said yesterday it would invest R40m to increase capacity at its Laezonia quarry by 340,000tpa the installation of a new jaw crusher.
Syria to add up to 25Mt of new capacity
Syria’s production of cement could exceed 30Mta by the end of 2011 according to official statistics. This figure could be reached should all 10 cement projects licensed by the Syrian Investmen
Improving UK performance
Cemex has announced record cement clinker productivity at all three of its UK cement plants which together achieved world-class efficiency levels of 90.5 per cent in the period January 2007
CNBM acquires two cement producers
China National Building Material Co Ltd (CNBM) has inked contracts with Sin Chang An Holding Ltd, a unit of the Singapore-listed Jurong Cement Ltd,
Cement firms to appeal against MRTPC order, India
A majority of the 44 cement companies recently accused of cartelisation by the Monopolies and Restrictive Trade Practices Commission (MRTPC) are in the process
Readymix warns on 2007 op profit as market slows
Irish cement supplier Readymix warned on Tuesday that operating profit before non-recurring items in 2007 is expected to be substantially below market expectations.
Polish building materials prices to increase
Polish building materials’ experts forecast prices will gain between 7 and 10 per cent this year.
Indian companies’ margins under pressure
Construction activity has hit rough weather especially in the north of India, taking its toll on cement demand.
Bush proposes cut in FY09 highways programme
In the proposed budget for FY09 (fiscal year starts in October) the Bush Administration has set highway funding at US$39.4bn,
Italcementi 2007 revenue up 4.2% on improved sales
Italcementi SpA said late Monday its full-year 2007 revenue rose 4.2%, thanks to improved sales and the consolidation of operations in India as well as new acquisitions.