Cement News tagged: International
Work starts on US$210m cement plant, Vietnam
Construction of a US$210m cement plant began in Tinh Gia district of central Thanh Hoa province on July 4. The plant, invested by the Cong Thanh Cement Joint Stock Company, has a designed capacity of
Lebanese company establishes factory in Suleimaniah
Suleimaniah’s General Director for the Promotion of Investments, Mahdi Sheran, has announced an agreement with Lebanese company GRD to construct a cement factory in Bazian.
Cimentos de Cabo Verde, Cape Verde
Sales at Cape Verdean cement company, Cimentos de Cabo Verde (CCV) rose 28 per cent last year driven by increased activity in the archipelago’s construction market, which is expected to continue over
Tokyo Cement’s net profits surge 89%, Sri Lanka
Tokyo Cement Ltd, the island’s biggest cement maker, said that its group net profits had jumped 89 per cent for the 12 months to March, boosted by sustained demand in the construction industry.
Ancap to continue selling cement to Argentina, Uruguay
Ancap of Uruguay and Camargo Correa, the Brazilian group that controls the Argentinian cement producer Loma Negra, have confirmed an extension to their current commercialisation deal that will take th
CRH current business outlook positive
CRH plc said Wednesday that it expects that profit before tax for the six months to Jun. 30, 2006 will increase by approximately one-third compared with the reported 2005 outcome of EUR383 million.
IFC signs loan for Yemen cement plant
The International Finance Corporation (IFC), the private sector arm of the World Bank Group, has signed a US$35m loan to National Cement Company in Yemen. IFC’s loan will support the constructio
Work starts on new cement plant
Construction of a US$210m cement plant began in Tinh Gia district of central Thanh Hoa province on July 4. The plant, invested by the Cong Thanh Cement Joint Stock Company, has a designed capacity of
Eurocement to pay after settlement with antitrust
Russia’s largest cement producer Eurocement will pay a 267 million ruble fine (US$10m) to the federal government, in accordance with an out-of-court settlement to its long-running dispute with t
CAF approves loan to Soboce
The Andean Development Corporation (CAF) has approved a US$25m loan to Bolivia’s largest cement producer, Soboce, CAF reported in a release. Local banks Banco Mercantil, Banco Nacional de Bolivi
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.