Cement News tagged: International
Egypt’s South Valley Cement to launch rights issue
Egypt’s South Valley Cement announced a one-for-two rights issue which will increase the company’s capital 50 per cent to E£2.22bn (US$403.3m), the company said.
Indian cement firms take alternative energy route
With crude oil prices at historical highs coupled with rising costs of coal, domestic cement companies are looking at alternate sources of energy for their upcoming captive power plants (CCP).
Semen Gresik 10-Month Sales Volume Up 3.1% At 13.93Mt
PT Semen Gresik Tuesday said its cement sales in the first 10 months of this year rose 3.1% on year to 13.93Mt, driven by growth in both domestic and export demand.
Saint Gobain buys Vietnamese plasterboard business
Having recently decided to build a plasterboard plant in Abu Dhabi in the United Arab Emirates, Saint Gobain has bought Vinh Tuong Corporation
Cimpor to more than double Chinese capacity
Having taken a controlling stake in Shandong Liuyuan New Type Cement in the spring, Cimpor has now announced a major investment programme for a cement project
Indonesia`s cement consumption down 20 per cent in October
Indonesia’s cement consumption fell 20 per cent to 2.50Mt in October from a month earlier due to
China’s Anhui Conch Group to invest CNY3bn to expand in Guangdong
Anhui Conch Cement Group plans to invest CNY3bn in Foshan city in southern China’s Guangdong
Lafarge turnover rises 4.5 per cent
In the first nine months of 2007 Lafarge generated a turnover EUR13,279m, an increase of 4.5%, and the EBITDA improved by 13.8% to EUR3,148m.
Colombia’s Argos transfers $43.5m to US unit to boost revenue
Colombia’s largest cement maker Cementos Argos SA Thursday transferred US$43.5m to its US unit to boost its revenues there,
M&A trend in China’s cement industry to continue
The trend of merger and acquisition (M&A) in China’s cement industry will continue in the coming few years, said Kong Xiangzhong, general secretary of the China Cement Association,
Siam City Cement 3Q Net Profit Falls 27%
Siam City Cement PCL, Thailand’s second largest cement producer, said third quarter net profit fell 27%, hit by the weak economy and the higher cost of fuel and electricity.
Cementir boosted by increased Turkish business
Cementir improved turnover in the nine months to the end of September by 10.5% to EUR856.09m and the EBITDA increased by 11.1% to EUR207.78m.
New Holcim cement plant for Mexico
Holcim’s turnover increased by 15.8% to SFr20,286m (EUR12,370m) and the operating EBITDA rose by 19.0% to SFr5,340m (EUR3,256m).
Portugal Semapa Jan-Sept 2007 profit rises 53 per cent YoY
The consolidated net profit of Portuguese construction and cement group Semapa increased by 53 per cent YoY to EUR97.3m ($141.61m) in the period January to September 2007.
Vassiliko to discuss share issue to Cyprus Cement
Vassiliko Cement Works Public Company Ltd announced that the Board of Directors will meet on Tuesday, November 13, 2007
Asian profits boosted by India and Kazakhstan
Italcementi’s turnover for the first nine months advanced by 5.0% to EUR4,613.1m, while the running EBITDA was off by 2.3% to EUR1.105.6m.