International

15 May 2006

China’s Conch Cement nears acquisition, China

China’s biggest cement maker Anhui Conch Cement Co is to acquire a smaller peer, people close to the deal said.

15 May 2006

Italcementi acquires full control Zuari Cement, India

Italcementi Group, via Ciments Français, its sub-holding for international activities - has entered into an agreement to acquire the shareholding of Zuari Industries Limited in Zuari Cement Limited, a

12 May 2006

Five firms shortlisted in Uniland sale, Spain

Five companies have been shortlisted for the sale of a 73.7 per cent stake in Barcelona-based cement maker Uniland, report local press.

12 May 2006

Minister asks cement cos to bring down prices by Monday, India

India’s Commerce & Industry Minister Kamal Nath Friday asked cement companies to come up with a proposal to reduce prices by Monday. "Government cannot and will not remain a silent spectator to

12 May 2006

Cyprus sales increase

According to the Statistical Service of Cyprus, total cement production increased to 155,000t in April 2006 compared to 149,000t in April 2005,

12 May 2006

India Cements signs deal for new plant

India Cements Ltd, a private cement firm, has signed a deal with the Himachal Pradesh government today to set up a Rs 750 crore cement plant. The MoU was signed by representatives of both the parties.

12 May 2006

Cement price update, Philippines

Cement firm Holcim Philippine Inc. has agreed to peg the retail price of a 40kg bag of cement at P178 here, the Department of Trade and Industry, regional office announced on Wednesday. The agreement

12 May 2006

Gresik ‘should get sale priority’, Indonesia

State-owned Semen Gresik should get first refusal on purchasing shares in the local company being sold by Cemex, Indonesia’s Vice President Jusuf Kalla said Friday.

12 May 2006

Italcementi set to buy 50 per cent in Zuari Cement

India’s Zuari Industries is set to sell its 50 per cent stake in Zuari Cement to Italcementi for Rs 500 crore. The deal is expected to be finalised by the company’s board in its meeting on

11 May 2006

Kamal to invest Rs 1,000 cr, India

Kamal Cement & Infrastructure Ltd has proposed setting up a 2Mt (in two phases of 1Mt each) cement plant in the Satna district with an investment of Rs 1,000 crore.

11 May 2006

Guidelines on cement import freight subsidy, Pakistan

The State Bank of Pakistan (SBP) has issued guidelines to the banks for disbursement of freight subsidy for import of cement.

11 May 2006

Government asks cement firms to justify price hike, India

India’s government has asked a body representing cement manufacturers to explain a recent spike in prices and suggest ways they could be moderated, an official said on Wednesday.

11 May 2006

Oman Cement Q1 net up 16 per cent

The 51 per cent government-owned Oman Cement Company (OCC) yesterday reported a 16 per cent jump in its net profit at RO4.943m for the first quarter of 2006. Sales rose to RO11.126m in Q1 2006 compare

11 May 2006

Jamaica sends delegation to Cuba to finalise shipment

Jamaica is sending a four-member delegation to Cuba on Thursday [11 May] to finalise arrangements for the shipment of 64,000t of cement in the wake of a protracted shortage on the island.

11 May 2006

Rinker looks for acquisitions after handout, Australia

Australia’s biggest building materials maker Rinker Group Ltd is fishing for acquisitions as spending on commercial building and infrastructure in the fastest-growing American states keeps a hou

11 May 2006

Cemex decision not in the national interest, Indonesia

The widely publicised decision by Cemex, to sell its 25 per cent stake in publicly listed PT Semen Gresik (SG), Indonesia’s largest cement company, to local business conglomerate Rajawali isa ve