Cement News tagged: International
Indonesian government may form consortium to buy Gresik stake
The government might form a consortium of state-owned companies to join Rajawali Corporation to take over the 24.9 per cent stake of Cemex in Semen Gresik (SG). The decision was made to minimize pros
Court rejects Russia Partners claim
The Moscow Arbitration Court rejected Tuesday a 3.35 billion ruble lawsuit filed by US-based investment fund Russia Partners against Russia’s Eurocement Group. The court rejected the lawsuit as
No effective way to curb cement prices
Short of bringing Indian produced cement under the Essential Commodities Act which would be seen as "too anti-free market" there is no other way to meaningfully and effectively control the retail pric
Construction pushes up production in Tanzania
Construction of houses and other infrastructural facilities in Tanzania have pushed up cement production, reaching 35,000 tons in the first quarter of this year, local media reported on Wednesday. The
Southern firms to hike cement prices
Going against instructions from the commerce ministry to reduce cement prices, companies in the south have actually hiked prices, saying that prices will always remain a function of the demand and sup
IFC offers loan to Chinese cement producer
The International Finance Corporation (IFC), the private sector arm of the World Bank Group,signed a US$50m loan agreement with Shanshui Group, a leading cement producer in east China’s Shandong
Cotu warns EAP over lay-offs
The umbrella workers’ union yesterday accused a local cement manufacturing firm of arbitrarily dismissing 115 workers. Cotu secretary general, Francis Atwoli, accused the management of the Athi
Indian prices under official pressure
Under pressure from the government, cement companies on Monday decided to offer five per cent discount on ruling prices to Central government departments. Central government purchases account for 10 p
Cement companies to work at full capacity
The cement cartel has decided to eliminate quota among local cement manufacturers ands cement manufactures have decided to utilise 100 per cent of their production capacity, according to sources in th
Tarmac plans to make more of mortar, UK
Tarmac in the UK is announcing plans to invest more than UK£20m over five years in the strategic development of its national mortar business in a move that will transform the UK mortar market
YTL Cement on firm foundations, Malaysia
Resilient earnings and high dividends have kept YTL Cement Bhd shareholders smiling in the last five years, in the face of plunging cement prices and industry-wide losses. Between 2001 and 2005, YTL C
Cemex raises prices in Mexico
Cemex raised prices for the building material by about three per cent in Mexico, where the company is based, construction traders said on Monday. It is the second time the Monterrey-based company has
Italcementi acquires full control Zuari Cement, India
Italcementi Group, via Ciments Français, its sub-holding for international activities - has entered into an agreement to acquire the shareholding of Zuari Industries Limited in Zuari Cement Limited, a
China’s Conch Cement nears acquisition, China
China’s biggest cement maker Anhui Conch Cement Co is to acquire a smaller peer, people close to the deal said.
Taiwan’s Cement makers to see growth in gross profit margins
Taiwan’s leading cement producers, including Taiwan Cement Corp. and Asia Cement Corp., are expected to see their gross operating margins increase by two percentage points in tandem with a 5% hi
Cement supply in region 12 stable, Philippines
Regional Sales Head of Holcim Philippines Mr. Ernesto Paredes said that they will not implement price increase despite the temporary shortage of cement in the region.