International

03 May 2006

Eagle Materials positive gains

Eagle Materials has just reported financial results for the fourth quarter ended March 31, 2006 and for fiscal year 2006. Eagle also issued guidance for the first quarter of its fiscal year 2007. Eagl

03 May 2006

ACC says April cement shipments up

India’s second-biggest cement producer, Associated Cement Companies said on Wednesday its April shipments rose 5.7 percent to 1.66Mt from 1.57Mt from a year ago.

03 May 2006

Indian producers asked to stabilise prices

The government has requested the Cement Manufacturers Association to call a meeting of its members urgently and decide on steps for lowering of cement prices, instead of waiting for the rainy season w

02 May 2006

Lafarge record first quarter sales

Sales were up 28.1 per cent to €3772m as at March 31, 2006. This compares to a weak first quarter in 2005. Volume trends were favorable, reflecting overall good weather conditions and growth in thos

02 May 2006

Jebel Ali Cement upgrades capacity

The JAC’s Board of Directors announced the appointment of Sharaf, who is also the Managing Director of Sharaf Industries, the industrial management arm of Sharaf Group. Sharaf takes over as CEO

02 May 2006

Plan to stop gas supply to power, cement units

The Pakistani government has decided not to provide gas to the cement sector in future and divert additional gas supplies away from Wapda, KESC and independent power producers (IPPs) after 2011, owing

02 May 2006

Eastern Cement launches new clinker line

Eastern Province Gov. Prince Muhammad ibn Fahd yesterday launched the third clinker production line at Eastern Cement Company, increasing the company’s annual capacity to 3.3Mt of clinker. The g

02 May 2006

Production of cement in Russia up in 1Q2006

For the first quarter of 2006 production of cement in Russia grew 4.6 per cent, outstripping growth rates in the same period 2005 by 1.6 per cent. In total, over the January-March 2006 period 8.1Mt

02 May 2006

Climbing production costs in Thailand

Increasing costs of production are beginning to bite into the operations of manufacturers of consumer goods. For many, retail prices are becoming their biggest concern. Siam Cement Plc, the country&

02 May 2006

Cementing the No 1 status

After making an emphatic move in the telecom arena, buying out Tata’s stake in Idea Cellular for Rs 4406 crore, Kumar Mangalam Birla has turned his attention back to one of his favorite commodit

02 May 2006

Ministry to analyse firms’ production costs

The Thai Internal Trade Department plans to use an economic production cost analysis system as its guide to assess manufacturers’ requests to increase retail prices. In announcing the new appr

02 May 2006

Resources and energy supply hold key

Resources and energy sustainability will be the keys to healthy development in the housing market, says the China Cement Association. "Insufficient [land] and energy could pose problems for the housin

02 May 2006

Cement valuations firm on rising demand

Market valuations of cement companies in India are on the higher side, based on the enterprise value (EV) per tonne. The top four Indian cement companies are valued at US$150 and above, analysts say.

02 May 2006

Cement groups line up expansion plans

The Indian cement industry could witness an investment of around Rs 20,000 crore over the next one and a half years, as cement companies are adding capacities to meet huge demand in the world’s

02 May 2006

Local investors encouraged to buy SG shares

Prominent figures urged local investors to purchase Mexico-based Cemex Asia Holdings’ 25.53 per cent stake in the country’s largest cement producer, PT Semen Gresik (SG), to avoid foreign

28 April 2006

Inquiry begins into sale of Glen Ding woodland to CRH

An inquiry into the sale of 145 acres of State land near Blessington, Co Wicklow, began at the tribunal yesterday. The Glen Ding woodland, containing sand and gravel deposits, was sold to Cement Roads