International

24 November 2005

Indonesia’s cement sales up

Indonesian cement sales rose two per cent on-year to 32.33Mt in the first 10 months of this year, the cement association (ASI) said. Sales in the domestic market totaled 26.8Mt, up 6.2 per cent year-

24 November 2005

Cimpor sees strong improvement in Egypt

In the first nine months of the year, Cimpor improved its turnover by 11.8 per cent to €1158.0m, with operating margins across the group improving slightly as the operating profit at the EBITDA level

23 November 2005

Italcementi to make investments in Turkey

Carlo Pesenti, the CEO of Italcementi Group which is the world’s fifth biggest cement producer, said on Tuesday that their group intends to make new investments in Turkey. Pesenti will arrive i

23 November 2005

Saudi El-Maimani Group plans US$200m cement plant in Egyptian Safaga

Saudi Arabia’s diversified El-Maimani Group plans to build a cement plant in Egypt’s Red Sea port of Safaga for an estimated $200m. The bulk of the plant’s output will be exported to

23 November 2005

Saudi Yamama cement launches new cement mill

Saudi cement producer Yamama Cement Company (YCC) said on November 19, 2005 it had put into operation an additional cement mill. The new cement mill has a daily capacity of 6,000t. YCC’s daily c

23 November 2005

CAF approves US$400mn loan to Votorantim

The Andean Development Corporation (CAF) has approved a long-term corporate loan of US$400mn to Brazilian industrial group Votorantim, the multilateral financing organization said in a press release.

23 November 2005

Russian court upholds antitrust body’s ruling to fine Eurocement

Moscow Arbitration Court has upheld the ruling of Russia’s Federal Antimonopoly Service, or FAS, to fine Russian cement producer Eurocement Group 50,000 rubles, FAS said in a statement Tuesday.

23 November 2005

Wage bills, power costs, shake up cement manufacturers

Operating profit margins (OPM) of cement units in India have taken a hit with rising energy costs and wage bills. Increase in the sales volumes and realisations during the July-September quarter of fi

22 November 2005

Brazil’s mixed signals

According to the data released by the National Cement Industry Union (SNIC), the production of cement was of 3.18Mt in September, a decline of 5.3 per cent in relation to August. The accumulated total

22 November 2005

Algerian domestic cement capacity

President of the Board of Directors of the Participations Management Company (SGP) Abdelhamid Thamri has assured that the domestic cement capacity is sufficient to meet demand. Thamri, while speaking

22 November 2005

Kyrgyz plans new plant

President of the Kyrgyz Republic, Kurmanbek Bakiev, has made the first quarter of 2006 as the date to begin construction work on the building the cement factory in Kysylkia district. The country’s pre

22 November 2005

Apave Vietnam to construct cement plant

An industry ministry-owned company has retained Apave Vietnam to manage construction of a cement plant in the country’s northern mountainous region. Following a contract signed between Apave an

22 November 2005

Cement prices may rise Rs 10

India’s top cement makers are likely to raise prices in the west, north and south, mainly on strong demand. Mumbai-based ACC has already increased prices between Rs 2 and Rs 5 per bag to cash in on st

21 November 2005

Greece’s Titan Cement nine-months net seen rising 12% on strong US ops

A continuing strong performance in the US market and improving sales in Greece will be the main drivers behind growth, they added.

21 November 2005

Egyptian Misr Beni Suef net profit soars 290% YoY

The net profit of Egyptian cement producer Misr Beni Suef Cement (MBSC) jumped 290 per cent YoY to E£101m (US$17.5m) in the first nine months of 2005.

21 November 2005

Exchange rate loss of Indocement to decrease

PT Indocement Tunggal Prakarsa Tbk predicted that the exchange rate loss of the company will decrease this year as the company has hedge some US$150m of its debt, while the exchange rate of Japanese Y