Cement News tagged: International
Saudi Arabia licenses new cement company
Saudi Arabia has licensed al-Jouf Cement Co, a firm with a paid-up capital of 1.02 billion riyals (US$267m), the state news agency SPA said on Sunday. The planned company is at least the fifth to be a
HeidelbergCement Q2 operating profit jumps
HeidelbergCement reported operating profit of EUR498m (up from EUR325) operating profit on Friday, thanks to a recovery in demand in Europe, strong growth in North America and cost cuts.
’Cement Plants Should be Built Overseas’
Rising demands for cement from the international market should be responded by the national cement producers by constructing cement plants overseas, especially in countries that have huge market and a
Vietnam supplies pours 18.8Mt of cement
The Vietnamese cement industry produced 18.8 million tonnes of cement in the first seven months of the year, said the Ministry of Construction. Domestic cement makers have a combined annual production
Romcim sales up 24.2 per cent YoY H1 2006
Cement producer Lafarge Romcim registered a 24.2 per cent YoY increase in sales value and a 21.4 per cent rise in volume in the first half of 2006.
Lafarge improves volumes and margins, investment plans in China
Lafarge’s turnover increased by 21.3% to EUR 8,759m and the EBITDA by 31.5% to EUR 1,699m. The trading profit before exceptional items pushed ahead by 40.6% to EUR 1,177m, while the net attributable p
JK Cement to invest INR7.5bn in new plant, India
JK Cement Ltd. will invest more than INR7.5bn to set up its fourth plant in the southern Indian state of Karnataka to increase marketshare in the region, a senior official said.
Brennand sets cement plant in Minas Gerais, Brazil
The Brennand group, from Pernambuco state, is to invest R$286m in setting up a cement unit at Sete Lagoas (Minas Gerais); works will begin in 2007 and should be concluded as of 2009. The unit would ha
New plant for Jamaica
Local firm Mainland International will this year break ground for its previously-announced cement manufacturing plant, that will, at full production capacity, be able to meet the equivalent of a third
CRH invests in cement joint venture in Florida
CRH plc, the international building materials group, announces that its US subsidiary, Oldcastle Materials, Inc., has taken a 50% equity stake in American Cement Company, LLC (ACC), for a cash contrib
Cementir spends US$110m on Oyak works, Turkey
Cementir is acquiring the Elazig cement works in eastern Anatolia from the Turkish army pension fund Oyak for US$110m. Assuming clearance by the Turkish competition authorities, this deal will bring
Austrian Asamer Holding offer for Bosnian cement plant
ALAS International, a subsidiary of Austrian building materials producer Asamer Holding, on Tuesday made a buyout offer on the Sarajevo Stock Exchange to acquire 100 per cent of its Bosnian cement pla
Gresik to issue bonds to finance new plant, Indonesia
Publicly listed cement maker PT Semen Gresik is planning to issue bonds in the second semester of 2007 to finance construction of a Rp3-trillion cement plant in Java, a company spokesman said.
More cement to fill weekly demand, Jamaica
Another 20,000t of cement is expected to arrive to Jamaica this week. The supply which is being imported by Caribbean Cement Company is expected to help meet the country’s weekly demand for cem
No cement monopoly in Sabah, Malaysia
Sabah Economic Development Corporation (Sedco) subsidiary, Cement Industries (Sabah) Sdn Bhd (CIS), said it is not monopolising the supply of cement in the Malaysian State.
China to restructure cement sector
China will restructure the cement industry by favoring selected cement producers, in a bid to sideline the least efficient companies, the China Securities Journal reported. Various regulators will me