Cement News tagged: International
HeidelbergCement to build major cement works in Russia
HeidelbergCement is taking a majority stake in a new venture being formed in Russia with local investor Wolga-Deutsche Business Group NCP. The joint venture will take control of an existing cement wor
Russia’s Eurocement reaches settlement with antitrust body
Russia’s largest cement producer Eurocement has reached a settlement with the Federal Antimonopoly Service (FAS) on antitrust charges, Eurocement’s lawyer Dmitry Afonasiev and FAS’ d
Cemex, Rajawali delay closing transaction
Diversified business group Rajawali failed Monday to wrap up its purchase of most of Mexican-based cement giant Cemex SA’s stake in state-owned cement maker PT Semen Gresik (SG).
Baltsem Ends 2005 With UAH 11m in profit
Baltsem, one of three largest cement producers in the Ukraine, ended 2005 with a net profit of UAH 11m. This was disclosed in the Top-100 rating made by Invest Paper.
Mid Europa Partners Acquires 92.4% of Croatia’s Istra Cement
Private equity firm Mid Europa Partners said it has bought 92.4% of Croatian cement maker Istra Cement from Germany’s HeidelbergCement for an undisclosed sum.
Cement demand forecast to recover, Indonesia
Indonesian cement demand is estimated to recover in the second quarter this year after in the first quarter of 2006 saw consumption dipping by five per cent compared to the same period last year.
UAE ministry stops bid to raise cement price
The UAE Ministry of Economy has thwarted an attempt by the country’s cement producers to raise cement prices by Dh10 (US$2.72) per tonne.
Aditya Birla group June cement shipment up
India’s Aditya Birla group on Monday said its cement shipment in June rose 9.4 per cent on year to 2.47Mt. The group, including flagship Grasim Industries Ltd. and UltraTech Cement Ltd, produced
IFC agrees $35m Yemen cement loan
The International Finance Corporation, the private sector arm of the World Bank Group, has agreed a $35m loan to the National Cement Company in Yemen. The loan is to enable the construction of a green
Cement firms add 3.65Mt of fresh capacity, India
Cement companies in India have registered fresh capacity additions of 3.65Mt during Apr-Jun 2006 (about 7Mt for whole year 2005-2006). This has increased the total installed capacity of the Indian cem
Gresik to construct new plant on Java, Indonesia
PT Semen Gresik says it will start constructing a cement plant on the island of Java next year at a cost of IDR2.802 trillion. A written statement says the new plant, due to be completed in 2011, will
Chettinad Cement completes merger of two subsidiaries, India
Chettinad Cement Corporation Ltd (CCCL) today said its two wholly-owned subsidiaries have completely merged with the company, following the approval of the scheme of amalgamation by Tamil Nadu High Co
Cement expansion moves ahead, South Africa
The growth in the South African economy and continued high demand in both the residential and non-residential building sectors has boosted cement volumes to record levels.
RATM to expand production, Russia
The RATM group has announced it will start construction of a second line at Iskitimcement, Russia. The new line will have a capacity of 1.3Mta with an investment of around US$120m. RATM will finance
Birla to set up cement unit in Jharkhand, India
Birla Corporation has informed the Jharkhand government that it was keen to set up a 2Ma cement plant in in the state of Jharkhand at an investment of Rs 1,000 crore. The company’s Senior Joint
Cement prices should drop shortly, Guyana
Government is expecting that the price of cement will significantly be reduced shortly, following a response by the Venezuelan government to a request made earlier by Guyana to receive imports.