International

24 June 2005

Mexican Cemex Lay-offs affect German units

Cemex’s decision to close 15 to 20 plants and slash 2000 jobs by 2007 threatens to affect also its German unit Readymix Beton Sachsen GmbH, a Readymix spokeswoman said on June 23, 2005.

24 June 2005

Japan May 2005 Cement Shipments

Japan cement shipments totalled 5.17Mt in May 2005, up 6.1 per cent year-on-year, the Japan Cement Association said on June 23, 2005. The figure marked a year-on-year increase for the third straight

24 June 2005

Cement firm seeks investor approval

Philippines: Fortune Cement Corp. will seek stockholders’ approval for a planned merger with Continental Operating Corp. during the annual meeting on July 25. In a letter to the stock exchange,

24 June 2005

Camargo’s takeover of Loma Negra still not finalised

Brazil’s Camargo Correa group has not yet finalized its planned acquisition of Holdtotal, the holding company that controls Argentine cement giant Loma Negra, the cement company reported to the

24 June 2005

Greece’s Heracles Q1 hit by sales fall

Greek cement maker Heracles Cement , majority-owned by France’s Lafarge , reported a first-quarter pretax loss on Thursday, hit by falling sales in the domestic market and higher fuel costs

23 June 2005

Prepayment for cement acceptable

Eurocement, a leading Russian cement producer, today declared a success its adoption in April of new sales terms intended to increase transparency, lower costs and eliminate non-essential intermediari

23 June 2005

NBP and Pioneer Cement sign accord

The National Bank of Pakistan (NBP) signed an agreement with the Pioneer Cement Limited (PCL) on Tuesday to help the latter in expanding its production capacity. NBP Risk Management Group Chief Javed

23 June 2005

Hanson PLC acquisition update

Hanson PLC, the international building materials company, today announces four recently completed acquisitions in the USA for a total cost of approximately £100m. This brings the total acquisition spe

23 June 2005

Cement plants need to improve

The Vietnamese Bim Son Cement Company plans to produce 542,000t of clinker and provide the domestic market with 592,000t of cement in the second quarter. However, insiders are warning that the cement

22 June 2005

Construction begins on Cam Pha cement plant

Vinaconex officials and their partners push buttons to break the ground for the cement plant in Quang Ninh Province. The VND4.74 trillion (US$301.9m) Cam Pha Cement Plant, located in Cam Pha town, has

22 June 2005

Lafarge starts construction on US$120m plant in Mexico

Lafarge has kicked off construction works on a new US$120m plant in northern Mexico’s Hidalgo state, local press reported. The company is looking to launch operations at the 600,000tpa grey cem

22 June 2005

Cemex to shed 750 British jobs

Cemex is to cut 750 British jobs just three months after formally taking over RMC - the UK-based cement and rmc producer. The job losses represent about 10 per cent of RMC’s

22 June 2005

UEM may bail out of CIMA

THE UEM Group is believed to be reviewing its position in Cement Industries of Malaysia Bhd (CIMA) after the current price war has affected the bottomline of the latter, analysts covering the industry

21 June 2005

Protesters block road over plans to bone meal, UK

Local residents in east Co Meath have pledged to blockade a cement plant because of plans to burn meat and bone meal (MBM) in its kilns.

21 June 2005

Thailand’s Siam Cement buys more shares in National Petrochemical

Siam Cement (SCC) has increased its stake in National Petrochemical (NPC) to 35 per cent, a report in Krungthep Turakij said.

21 June 2005

Cimpor Brazil increase

Cimpor Brasil, the Brazilian unit of Portugal’s cement producer Cimpor, is expected to register a 138 per cent YoY increase in its exports to African countries in 2005, it was reported on June 1