Cement News tagged: International
Moscow city Government calculates losses from Eurocement
Moscow city authorities estimate the construction sector’s losses from hikes in the Eurocement group’s prices at R1.0bn. The sector uses 1.2Mt of cement on average in social housing constr
IFC grants credit facilities to Obajana Cement
International Finance Corporation (IFC) granted a cumulative sum of U$196.4m credit facilities to five Nigerian companies in its last financial year. The companies are Obajana Cement Plc, a subsidi
Cement exports surge on Gulf construction boom, India
The construction boom in the Gulf region has pushed cement exports from India to a new high of 0.5Mt in August ’05. Industry officials said that cement exports from India have
China’s Jan-Aug cement output rises 9.7%
China produced 640.03Mt of cement in January-August 2005 and 91.53Mt in August alone, a 9.7 per cent and a 14 per cent YoY increase, respectively.
Vietnam’s cement prices likely to increase
The Government will allow the Ministry of Construction and the Vietnam Cement Association (Cemas) and other cement producers to submit a plan to bring nationwide cement prices in line with regional ra
Cement sales grow by 9.3 % in first quarter
Total sales of cement during the first quarter of the current fiscal reached 4.474Mt showing a growth of 9.3 percent over the corresponding period last year when the total sales amounted to 4.093Mt.
Cement shortage looms in eastern Africa
An acute shortage of cement is looming in eastern Africa following the return of peace in Sudan and the easy calm in the Democratic Republic of the Congo, which has sparked a vibrant economic environm
Russia’s Eurocement Group sees invest at $560 mln in 2005-2008
Russian cement producer Eurocement Group expects its investments to total U.S$560m in 2005-2008, the group’s President Mikhail Skorokhod said Thursday at a round table on cement prices.
Office to probe cement prices
The Commerce Commission intends to investigate cement prices supplied for wholesale and retail purposes in Fiji and overseas.
Gresik sees FY net profit up 10% despite fuel price hike, Indonesia
The country’s largest cement producer, state-owned PT Semen Gresik, expects its full-year net profit to rise by more than 10% from 520.59bn rupiah in 2004, Semen Gresik president Dwi Sutjipto sa
Vice President complains about high cost of cement, Ghana
Ghana’s vice president Alhaji Aliu Mahama has asked cement producers to explore the use of lime and other local materials to beat down the price of the essential commodity. He said the high pric
Bacnotan to Invest PHP1B, Philippines
The board of Bacnotan Consolidated Industries Inc. (BCI.PH) has approved the appropriation of PHP1bn for future investments. The Philippine investment holding concern
Cement plant investment, Yemen
Three cement plants worth a total $500m will be built in southern Yemen in joint Saudi-Yemeni projects. According to forecasts, their capacity will be 3Mta. Reportedly, the three plants are the first
Garadagh Cement disagrees with act on results of tax inspection, Azerbaijan
Garadagh Cement intends to fight with the final act on resuls of tax inspection at the Ministry of Taxes, Uwe Koehler, the President of Garadagh Cement company, told Trend on Tuesday.
Vietnam likely to increase cement price
Vietnam will bring nationwide cement prices in line with regional rates at the beginning of 2006, the Ministry of Construction said.
Titan and Essroc Sign multi-year cooperative agreement
Titan America LLC and Essroc Cement Corp. have signed a cooperative multi-year agreement to jointly utilise Titan America’s Essex cement import terminal at Port Newark, New Jersey, upon completi