Cement News: International

21 June 2006

CIMA and Vicat disagree over control

Cement Industries of Malaysia Bhd (CIMA) said talks to sell a stake in five of its units to France’s Vicat were unsuccessful because it was unwilling to sell a controlling stake, the Edge financ

21 June 2006

Holcim to buy UK’s Foster Yeoman

Holcim Ltd said it has made a recommended cash offer, via its UK unit Aggregate Industries, to buy the privately-held UK heavy building materials company Foster Yeoman Ltd. Holcim would not comment on

20 June 2006

Turkish news in brief

Akcansa Cimento Sanayi, a cement company, sent a statement to the ISE and said that it did not participate in the capital increase of its subsidiary Enerjisa Enerji Uretim, an energy company, conseque

20 June 2006

Malaysia’s CIMA says resumed talks with Vicat

Cement Industries Malaysia Bhd (CIMA) said it has resumed discussions with French cement company Vicat SA for the latter’s plan to acquire controlling stakes in five CIMA subsidiaries. CIMA had

Cement factory for Afghanistan 20 June 2006

Cement factory for Afghanistan

Two private companies have agreed to launch three large projects in Afghanistan, including a hydropower plant, the construction of cold storages and the establishment of a cement factory. The pact w

20 June 2006

Relaxed procedures help ease imports into Qatar

Triggered by the construction boom Qatar still faces cement shortage, but the relaxed procedures have facilitated the import of about 3.8Mt of clinker and different types of cement in 2005. A study by

Rajawali is credible investor says Minister 20 June 2006

Rajawali is credible investor says Minister

The Ministry of State Owned Enterprises finally concluded that Rajawali Corporation is a credible investor to acquire 24.9 per cent interest of PT Semen Gresik from Cemex. In the meantime Cemex said t

19 June 2006

Akçansa makes major Canakkale investment

With a proposed spend of US$135m, Turkish producer Akcansa will increase its clinker production capacity to 5.7Mt and

19 June 2006

New cement silos for CHC

Chia Hsin Cement Greater China Holding Corporation (CHC) has announced that its two new cement silos in Zhenjiang City, Jiangsu Province, the PRC

19 June 2006

Penden to produce cement in Bangladesh

The Penden Cement Authority Limited in Gomtu, Bhutan and a Bangladeshi company have agreed on a joint venture to produce cement, which is described as a sure ’win win situation’. Banglades

19 June 2006

Block units hit hard by cement shortage

The ongoing cement shortage has badly affected the companies making cement blocks, said a report in a local Arabic daily. “Because of the shortage, we hardly can meet half of the demand from the const

19 June 2006

Mayor approves inquiry into cement companies

Mayor Braulio Yaranon has approved a City Council resolution, which called for a congressional inquiry on the alleged overpricing of cement by select manufacturers. The resolution was passed on accoun

19 June 2006

Semen Gresik sales down

PT Semen Gresik said sales in the five months to May fell 1.3 per cent year-on-year to 6.01Mt, led by a big fall in exports. It said domestic sales in the five months rose to 5.68Mt from 5.45Mt a y

19 June 2006

Vietnam assures consumers on supply and prices

Vu Van Hiep, deputy general director of the Viet Nam Cement Corporation (VNCC), this week assured the nation’s construction companies that there would be no serious shortages of cement and no addition

16 June 2006

Peruvian domestic cement sales increase

Peruvian domestic cement sales stood at 404,426t in May 2006, up 22.9 per cent year-on-year, the country’s Association of Cement Companies (Asocem) said on June 15, 2006. Peruvian cement company

16 June 2006

Construction market, put at 6 billion euros in 2005

The construction industry in Romania grew in the first quarter of the year 20 percent, three times faster than the entire economy. The value of construction works for 2005 was estimated at six billio