Cement News tagged: International
PPC planning further capacity boost, South Africa
Double-digit cement demand growth continues according to Pretoria Portland Cement Ltd (PPC) who released their interim results for six months to March.
Cemex decision not in the national interest, Indonesia
The widely publicised decision by Cemex, to sell its 25 per cent stake in publicly listed PT Semen Gresik (SG), Indonesia’s largest cement company, to local business conglomerate Rajawali isa ve
Rinker looks for acquisitions after handout, Australia
Australia’s biggest building materials maker Rinker Group Ltd is fishing for acquisitions as spending on commercial building and infrastructure in the fastest-growing American states keeps a hou
Jamaica sends delegation to Cuba to finalise shipment
Jamaica is sending a four-member delegation to Cuba on Thursday [11 May] to finalise arrangements for the shipment of 64,000t of cement in the wake of a protracted shortage on the island.
Oman Cement Q1 net up 16 per cent
The 51 per cent government-owned Oman Cement Company (OCC) yesterday reported a 16 per cent jump in its net profit at RO4.943m for the first quarter of 2006. Sales rose to RO11.126m in Q1 2006 compare
Government asks cement firms to justify price hike, India
India’s government has asked a body representing cement manufacturers to explain a recent spike in prices and suggest ways they could be moderated, an official said on Wednesday.
Guidelines on cement import freight subsidy, Pakistan
The State Bank of Pakistan (SBP) has issued guidelines to the banks for disbursement of freight subsidy for import of cement.
Kamal to invest Rs 1,000 cr, India
Kamal Cement & Infrastructure Ltd has proposed setting up a 2Mt (in two phases of 1Mt each) cement plant in the Satna district with an investment of Rs 1,000 crore.
Analysts look for higher earnings from Holcim
Holcim could report higher first-quarter profits after the purchase of its third-largest competitor in India and an increased stake in a Chinese partner. Net income may have risen by 32 per cent to Sw
Pakistan lifts ban on cement export to Afghanistan
Pakistan has lifted a ban on the export of cement to neighbouring war-battered country Afghanistan, but has increased its custom duties.
HeidelbergCement unit falters, Bosnia
Tvornica Cementa Kakanj (TCK), a Bosnian cement plant owned by Germany’s HeidelbergCement, said on Tuesday it had a 2005 net profit of 12.34 million marka ($8m), down from 16.02 million marka pr
April cement shipments up (and down), India
Indian companies shipped 13Mt of cement in April, up 10.2 per cent from a year ago, an industry body said on Wednesday. Production in April w
Foreign players seen in race for Andhra cement
Andhra Pradesh-based Rain Commodities is said to be looking at either partially divesting its stake in its cement business to a strategic partner or entirely selling off the 1.5Mt cement unit, accordi
Orascom in Libya
Orascom Construction Industries announced that it was awarded a US$40m subcontract by F.L.Smidth of Denmark, a leading global equipment supplier, for the supply of steel structures and plate work in a
Lafarge to build replacement cement factory in Aceh, Indonesia
Lafarge said it will build a new cement factory in Aceh with an annual production capacity of 1.6Mta to be operational in 2008.
Govt has yet to approve sale of Cemex’s shares
State Minister for Indonesian State Enterprises Sugiharto said that he had not yet given approval to Cemex SA’s proposal to sell its 24.9 percent stake in PT Semen Gresik (SG) to a local conglom