Cement News tagged: International
BPB board agrees to £3.9bn deal
British plasterboard maker BPB was last night recommended a 775p-a-share offer from French suitor Saint Gobain. The £3.9billion deal will mark the end of an increasingly hostile and bitter bid battle
Cement output keeps increasing in October
According to statistics provided by China Cement Association, China’s demand for cement will keep growing in the fourth quarter of this year, but the growth will slow down. Meanwhile, fiercer competit
Eurocement improves Ukrainian output
In the past ten months of 2005, the Ukrainian factories of Russia’s Eurocement Group holding company made over 2.4Mt of cement, a 14 per cent rise year-on-year. Balcem of
BoI fines Taiheiyo
The Philippine Board of Investments (BoI) has revoked the certificate of registration of Taiheiyo Cement Philippines Corp (formerly Grand Cement Manufacturing Corp) and slapped the firm with over P1.1
Swiss want to set up cement plants
The Ambassador of Switzerland to Pakistan, Dennis Filed Mayor, has said that Swiss businessmen are keen to invest in various sectors of Pakistan and particularly in Balochistan. During a meeting with
Grasim, Lafarge in race for UP cement unit
Grasim and Lafarge are apparently set to compete for the assets of the UP State Cement Corporation (UPSCCL). They have competed earlier also, the only difference being that this time they are not alon
CP Cimento mulls partial sale
Brazil’s seventh largest cement producer, CP Cimento has hired investment bank Goldman Sachs to find a buyer for part of its business, newspaper Valor Econômico reported. The reason behind the d
Indonesia’s Oct cement sales down
Indonesia’s domestic cement sales volumes, an indicator of economic activity, fell 6.1 per cent in October to 2.78Mt from a year earlier, the country’s largest cement maker said on Wednesd
Cement consumption in Spain up
Cement consumption in Spain rose by 4.98 per cent year-on-year to 42.2Mt in the first 10 months of 2005, the Spanish cement makers association Oficemen said on November 15,
New cement factory to be set up in Abu Dhabi
A new Dh 200m (US$54m) cement plant will be set up in Abu Dhabi, local investors revealed as reported by a local daily on Wednesday. The Abu Dhabi-based Al-Ittihad Arabic daily quoted Abdulrazzaq Moha
Cruz Azul starts new plant construction in Mexico
Mexican cement maker Cruz Azul and Polysius, a unit of German heavy industry giant ThyssenKrupp, started the construction of a cement plant in Palmar de Bravo, eastern Mexico, on a 575 hectares area,
Indonesian cement consumption
Cement consumption in Indonesia rose 6.2 per cent in the ten months to October to 26.80Mt from 25.25Mt consumed in the same period last year, according to the Indonesian Cement Association (ASI). Ov
Cement industry needs more workers
Vietnam’s cement industry is estimated to need around 10,000 workers to operate production lines between now and 2010, according to the Vietnam Cement Corporation (VNCC). Of the total, engineer
Buzzi Unicem widens margins
Buzzi Unicem’s cement volume grew by 1.1 per cent to 24.6Mt in the first nine months of the year, while ready-mixed concrete deliveries rose by 2.1 per cent to 11.7m m³. Of those volumes, Dyckerhoff
Benue Cement targets rights offer
Benue Cement Company Plc, Nigeria is targeting N6.93 billion from its rights offer of 1.980 billion ordinary shares of 50 kobo each at N3.50 per share. The offer which opened on Monday, November 14, 2
More on the Lafarge jv China
Lafarge Shui On Cement, which is 55 per cent owned by the Paris-based group and was formed with the local Shui On Construction And Materials Ltd. (SOCAM) group in late summer, is acquiring Shuangma In