International

27 March 2006

New cement plant for Ebonyi State?

The Ibeto Group of Companies is reportedly to build a US$500m cement manufacturing industry in Ebonyi State, Nigeria. Chairman and chief executive officer of the company, Chief Cletus Ibeto, revealed

27 March 2006

Its just not cricket

The International Cricket Council (ICC) Cricket World Cup 2007 has expressed disappointment at cement shortages across the Caribbean affecting preparation for the tournament. Don Lockerbie, venue deve

27 March 2006

Jaypee, Shree and Birla cement in race to form JV with Sail

Three private Indian cement manufacturers -- Jaypee Cement, Shree Cement and Birla Cement — are reportedly in the race to form a joint venture with state-owned Steel Authority of India Limited to set

27 March 2006

Work on Dong Lam cement factory begin

Dong Lam Cement Joint Stock Co started construction on Monday on the Dong Lam cement plant in the central province of Thua Thien-Hue. The plant, built at a cost of VND2.8 trillion (US$176.5 million),

27 March 2006

Rising prices of cement, steel and other inputs

The Pakistan government is likely to revise the cost of development schemes upward due to increase in the prices of cement, steel and other inputs, a senior government official told the Daily Times on

27 March 2006

Construction of new US Holcim cement plant begins

Construction began Friday on one of the nation’s largest cement plants, about 50 miles south of St. Louis, in spite of environmentalist concerns about the factory that will sit near the Mississi

27 March 2006

Lafarge North America rejects buyout

Lafarge North America (LNA) said Friday, March 23, that a committee of board members had rejected a US$3bn buyout offer from its French parent, Lafarge SA. The committee considers the bid of US$75 a s

24 March 2006

Eurocement group to invest in Lipetskcement

Eurocement group will invest RUR537m in development of Lipetskcement within two years to maintain and boost capacities, automate production, develop quarries and infrastructure of the plant to improve

24 March 2006

Cemex hires JP Morgan to advise on Gresik sale

Cemex Asia Holding Ltd has named JP Morgan Securities as its financial advisor in its plan to sell its 25.53 per cent stake in state cement company PT Semen Gresik, a report said today. JP Morgan is

24 March 2006

PPC awards contracts for cement expansion project

South Africa’s largest cement producer PPC has awarded four major contracts for its R1.36bn Batsweledi expansion project, which has been tweaked to produce more cement with no increase to the co

24 March 2006

Cuban imports designed to force prices down

Venezuela will begin to receive this week the first consignments of 500,000t of Cuban cement to help resolve the existing supply deficit in the market, local press quoted housing minister Luis Figuero

23 March 2006

Cement prices up despite low sales

The demand for cement in Vietnam was low in the opening months of 2006, at just one half of the consumed volume in the first half of 2005, according to the Trade Research Institute. Despite decreased

23 March 2006

Semen Gresik fined

The Business Competition Supervisory Commission (KPPU), a state-sanctioned antimonopoly agency, found cement maker PT Semen Gresik guilty on Wednesday of unfair business practices in breach of the Ant

23 March 2006

Germany’s HeidelbergCement eyes more India buyouts

HeidelbergCement is in talks with cement makers in south and central India for buyouts and joint ventures at valuations of between US$80 and US$120 per tonne of capacity, a senior official said on Thu

23 March 2006

Cemex announces construction of new cement mill in Spain

Cemex has announced that it will invest over Euro 47m in the construction of a new cement mill and dry mortar production plant at the Port of Cartagena, in Spain. The new facilities are expected to ha

22 March 2006

HeidelbergCement enters India

HeidelbergCement has concluded a 50:50 joint venture agreement in India, consisting of