Cement News tagged: International
Antimonopoly service sends claim to Eurocement
The Federal Antimonopoly Service (FAS) has reportedly sent an invoice to the Eurocement Group for one billion roubles (US$35m)as part of negotiations over claims of excessive profiteering and what it
Indonesia cement consumption up again
Indonesia’s cement consumption rose 4.2 per cent in September from a year earlier, the country’s largest cement maker said on Monday. State-controlled PT Semen Gresik Tbk , 25.5 percent o
Turkish Sanko wins Gaziantep tender
Turkish industrial group Sanko Holding made the highest bid of $128m in the sell-off tender of cement factory Gaziantep Cimento, it was reported on October 14, 2005. Sanko entered the open bid sessio
Kalvitis to consider inviting bids for new cement plant
Due to a cement deficit on the Latvian market, Prime Minister Aigars Kalvitis (People’s Party) has ordered Minister of Economy Krisjanis Karins (New Era) to consider inviting bids for building a
Companies still trying to broker solution to cement price war
Despite a September 28 deadline set by Colombia’s senate to resolve the price war in the domestic cement market, the companies are still negotiating to find a solution, an official of one of the
Dangote to Produce 10Mt by 2006
The President, DangoteGroup of Companies, Alhaji Aliko Dangote has disclosed that the group’s new cement industries in the country will by 2006 produce 10Mt of cement annually. Dangote stated t
Switzerland domestic cement deliveries up
Switzerland’s cement industry’s domestic cement deliveries grew 6.5 per cent year-on-year in the third quarter of 2005, local industry association cemsuisse said on October 13, 2005. Ceme
OCI Denies Plan To Build Indonesian Cement Factory
Orascom Construction Industries, or OCI denied having made any statements concerning intentions to invest in constructing a cement factory in Indonesia, according to a press release issued through the
South Africans squeeze new entrant
South African cement suppliers and local distributors have reportedly conspired to drive out newly introduced Cheetah Cement to maintain their monopoly in Namibia. New Era investigations have reveale
Russian antitrust body to consider Eurocement break-up
Russia’ Federal Antimonopoly Service, or FAS, has ruled that Eurocement Group has been violating the law on competition and is considering forcing Eurocement Group to break up under antimonopoly regul
Brazil’s Camargo Correa to invest US$100m
Brazilian cement producer Camargo Correa is investing US$100m over the next three years in Argentina to boost production capacity and expand a cargo railway line, the company’s newly acquired Ar
Mexican cement growth slows
Although the Mexican cement industry grew three per cent in January-July this year, the national cement chamber (Canacem) predicted growth for the year would be just two per cent due to the slow progr
TPIPL seeks further delay for restructuring
TPI Polene Plc plans to petition the Central Bankruptcy Court this month seeking an extension of its debt-restructuring period by one year to December 2006, according to plan administrator Prachai Leo
Bahrain plans cement venture
Bahrain’s first cement company has been formed in response to rocketing cement consumption, which is a direct result of the country’s booming construction and real estate sectors. The US$4
Argentina authorities approve Camargo-Correa purchase
The Argentine government has approved Brazilian engineering company Camargo-Correa’s (CCG) acquisition of local cement producer Loma Negra’s holding company, the Economy Ministry said in a
Chile Aims at higher cement sales
Chile aims to increase its cement sales to 4.0Mt in 2005, an increase of 6.0 per cent year-on-year, it was reported on October 11, 2005. The sales figure shows an increase compared to the all-time hi