International

15 June 2005

Spanish consumption at 20.57Mt Jan-May 2005

Cement consumption in Spain increased 5.49% YoY to 20.57Mt in the first five months of 2005, the Spanish Cement Makers Association (OFICEMEN) said.

14 June 2005

NEC signs agreement with Barah cement factory - Jordan

A consultancy agreement to implement a diesel-generating station with a 20-megawatt capacity was signed on Saturday between the National Electricity Company (NEC) and Barah cement factory, an affiliat

14 June 2005

Baltsem Reduces Cement production by 23.6%

In May, the Baltsem plant (Balakliia, Kharkiv region), one of the three major cement producers, reduced cement production by 23.6 per cent or 50,100t compared with May 2004, to 162,400t.

14 June 2005

Turkish Bolu Cimento Q1 2005 Net Profit rises to US$4.3m

Turkish cement and clinker producer Bolu Cimento posted a 5.8m new Turkish lira (US$4.3m/€3.3m) net profit for the first quarter of 2005, compared to 1.68m lira (US$1.3m/€969,000) for the same period

14 June 2005

Argentine cement production up 29 per cent

Cement production in Argentina reached 590,000t in May, up 29 per cent from the same month in 2004, local press reported.

14 June 2005

Cemex to double size of New Braunfels cement plant

Cemex USA plans to double the size of its plant in New Braunfels, a move that will add 21 jobs and that represents the largest business investment in Comal County history. The exact amount of investme

14 June 2005

Spain’s Cementos Portland Valderrivas Invests US$132m

Cementos Portland Valderrivas, S.A., the cement company pertaining to one of Spain’s leading construction and service groups Grupo FCC, has opened a new Giant Cement manufacturing plant in Harle

14 June 2005

Hanson up on takeover talk after German deal

Shares in UK building materials firm Hanson rose 2.5 percent on Monday, a leading gainer in a buoyant European construction and materials sector after a takeover move for Germany’s HeidelbergCem

14 June 2005

Ciments Francais : Letter of intent for the acquisition of ASEC Cement Company in Egypt

According to a Letter of Intent signed with Citadel Capital, an Egyptian investment fund, the Italcementi Group has obtained a 60-day period of exclusivity to draw up a Share Purchase

14 June 2005

German cement giant draws offer

A €6.5bn (US$7.9bn) bid for Germany’s largest cement maker looks destined for success amid a flurry of consolidation in the European construction materials segment, analysts say.

13 June 2005

Sale of Acel shares by MRL cleared

The Delhi High Court has allowed Modi Rubber Ltd (MRL) to sell its holding of 23.1 lakh shares of Ambuja Cement Eastern Company Ltd (ACEL) to Holcim Cement Pvt Ltd. It has

13 June 2005

Cement shortage fears rise

A booming construction industry is starting to strain Gulf contractors who are running short of cement supplies, according to Construction Week magazine.

13 June 2005

Rising cost could crush plan for cement plant

After years spent fighting environmentalists and getting the necessary permits, Holcim Inc. says the sprawling cement plant planned for a site 40 miles south of St. Louis might never be built because

13 June 2005

Italcementi to buy stake in Egypt cement firm

Egypt’s Arab-Suez Company for Engineering (ASEC) said on Sunday it had initialled a deal for Italy’s biggest cement firm Italcementi to buy its 68 per cent stake in ASEC Cement Co.

13 June 2005

China’s cement production plant in Hamedan

Preliminary agreement on the construction of a cement production plant in Iran’s western city of Hamedan was signed between the mayor of the city and the representative of the Chinese company CNEEC.

13 June 2005

Cement shortage becoming increasingly serious

Speaker of Parliament Sheikh Abdullah bin Hussein revealed on Saturday a presidential order to end cement price escalations resulting from high demand.