Cement News tagged: International
Cypriot Vassiliko Cement net profit rises
Cypriot cement maker Vassiliko Cement Works said its consolidated net profit grew to C£5.7m (US$12.8m) in the first nine months of 2006 from C£4.8m (US$10.7m) a year earlier, on the back of higher sal
YTL Corp 1Q net profit down 11% to RM154m
Malaysia’s YTL Corporation Bhd posted a net profit of RM154.13m in the first quarter ended Sept 30, 2006, down 11.8% from RM174.83m a year ago.
Gresik to postpone construction of new plant
State-owned cement maker PT Semen Gresik (SG) says it will postpone construction of a new cement factory with an annual capacity of 2.5Mt due to
HeidelbergCement leads race for GSCL
HeidelbergCement AG is understood to have emerged as the frontrunner to pick up the promoters’ stake in Gujarat Sidhee Cements Ltd (GSCL), according to local news reports.
Bolivian cement sales rise 17.7%
Bolivian cement sales rose 17.7 per cent YoY to 1.17Mt in the period January to September 2006, Bolivia’s national statistics institute INE said.
Russian deputy PM urges cement cos to up production for housing
Russian cement companies should increase their output to 85-90Mt of cement by 2010 from the current 65-75Mt in order to meet goals for housing construction
Spanish consumption up 7.92 per cent YoY Jan-Oct 2006
Cement consumption in Spain rose by 7.92 per cent YoY to over 46.7Mt in the first 10 months of 2006, the Spanish cement makers association Oficemen said.
Distributors concerned over INC cement shortage, Paraguay
Cement distributors in Paraguay are concerned at the low production of Portland cement in the country by the state-owned company INC
Mexican construction industry to slow down to 4.5 per cent in 2007
Mexico’s construction industry is to expand between 5.5 and six per cent this year. However, according to estimates by Nezahualcóyotl Salvatierra.
Indonesia’s Oct domestic cement sales down 15.2%
Indonesia’s October cement sales fell 15.2 per cent to 2.25Mt compared to a year ago, data from the country’s cement association showed on Thursday.
Heidelberg expansion could annoy the neighbours
It has been announced that HeidelbergCement will build a new cement plant in Volsk (Saratov oblast) Russia. Deutsche Bank has
CIMA says still in talks with France’s Vicat for stake sale in units
Cement Industries of Malaysia Bhd (CIMA) said it is still in discussions with France’s Vicat over the sale of shares in its units and no agreement has been concluded.
TCC Int’l to add production lines for $115.5m
TCC International Holdings Ltd. said it planned to build two new dry-processing cement production lines and ancillary facilities in the southern Chinese province
Saudi Arabian Cement Co To Set Up Subsidiary in Jordan
Saudi cement producer, Arabian Cement Company (ACC), said it was currently finalising the procedure for the establishment of a subsidiary in Jordan.
Lafarge Shui On expects China’s cement demand will increase by 30% before 2010
Cyrille Ragoucy, CEO of Lafarge Shui On Cement, recently announced that from now until 2010, China’s cement consumption volume will increase by 30%.
Zambian gov’t urged to extend cement incentives
The Zambian government has been urged to extend the incentives given to cement production to the other building materials in order to reduce the cost of construction in the country