International

22 December 2005

Competition board approves sales

The Turkish competition board announced its decision on cement plants, which were previously owned by Uzan Group and offered for sale by the Saving Deposit Insurance Fund (SDIF). Considering antitrust

22 December 2005

HeidelbergCement builds up Ukraine base

HeidelbergCement aims to firmly establish itself as the leading cement producer in the Ukraine by agreeing to acquire Dontsement from a group of, mainly US, investors, subject to approval by the local

21 December 2005

Afghanistan cement project

The US trade & development agency recently provided a grant to the local ministry of mines & industries to enable the completion of a project feasibility study regarding various cement manufacturing p

21 December 2005

JK Cement plans new cement plant

Yadhupati Singhania, promoter of the Kanpur-based JK Cement Ltd, is planning to set up an integrated greenfield cement plant of three million tonnes per annum capacity in Karnataka. A senior official

21 December 2005

Peru domestic cement sales up

Peruvian domestic cement sales grew to 400,780t in November 2005, up by 14.3 per cent year-on-year, the Peruvian association of cement producers Asocem reported on December 19, 2005. Peruvian cement

21 December 2005

Indonesian Government will not sell Gresik

The Indonesian government has decided not to sell its 51 per cent stake in PT Semen Gresik Tbk, State Enterprises Minister Sugiharto said in a dialogue with the company’s workers&rsqu

21 December 2005

Wintgens has left the building

Randolph Wintgens has decided to retire from Cemex. He joined Cemex in April 1993 as a Cemex Director in Hong Kong, being the first person from Cemex coming to this part of the world. Since then he ha

20 December 2005

Semapa to book EUR390m gain from Enersis disposal

Portuguese cement and paper group Semapa SGPS expects to book a gain of EUR390m from the sale of its 90 per cent in the Enersis renewable energy business to Austrialian investment company Babcock & Br

20 December 2005

Update on Ilam project

Construction works on the second phase of Ilam cement plant is underway with 27 per cent now complete. All the equipments for the development has been purchased and imported,

20 December 2005

Teixeira Duarte boosts stake in Cimpor, Portugal

Portuguese construction group Teixeira Duarte spent EUR60m to boost its stake in the share capital of local cement producer Cimpor from 20 per cent to over 22 per cent.

20 December 2005

Akmenes lifts Jan-Nov sales to EUR33m

Lithuania’s only cement manufacturer, posted sales of LTL113.93m EUR 33m) for the first 11 months of this year, a rise of 16 per cent from sales of LTL98.25m a year earlier.

20 December 2005

Consumption up 5.1%, Spain

Cement consumption in Spain rose by 5.1 per cent YoY to over 46.8Mt in the 11 months to November 2005, the Spanish cement makers association Oficemen said. Cement output in

20 December 2005

Cement tightness will continue, US

US cement makers have reportedly announced 10-15 per cent price increases for January atop a 13 per cent increase in the past 12 months. ‘They probably will stick,’ says Ken Simonson, chief economist

19 December 2005

Padang continues to improve

Cement maker PT Semen Padang in West Sumatra targets a 56.15 per cent increase in net profit to Rp212.23 billion (US$21.2m) from this year’s target of Rp135.91 billion. The subsidiary of state-o

19 December 2005

Saudi Cement Company to invest in two new lines

Embarking on one of the largest regional cement projects, Saudi Cement Company (SCC) is investing around SR2.2 billion (US$578m) to step up production and meet steadily rising local and regional deman

16 December 2005

Cement production up by 34 per cent, Ukraine

In November, cement production rose by 34% compared with November 2004, to 941,000t, the State Statistics Committee disclosed. In November, cement production fell by 23.4% to