International

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

11 May 2006

PPC planning further capacity boost, South Africa

Double-digit cement demand growth continues according to Pretoria Portland Cement Ltd (PPC) who released their interim results for six months to March.

10 May 2006

Lafarge to build replacement cement factory in Aceh, Indonesia

Lafarge said it will build a new cement factory in Aceh with an annual production capacity of 1.6Mta to be operational in 2008.

10 May 2006

Orascom in Libya

Orascom Construction Industries announced that it was awarded a US$40m subcontract by F.L.Smidth of Denmark, a leading global equipment supplier, for the supply of steel structures and plate work in a

10 May 2006

Foreign players seen in race for Andhra cement

Andhra Pradesh-based Rain Commodities is said to be looking at either partially divesting its stake in its cement business to a strategic partner or entirely selling off the 1.5Mt cement unit, accordi

10 May 2006

April cement shipments up (and down), India

Indian companies shipped 13Mt of cement in April, up 10.2 per cent from a year ago, an industry body said on Wednesday. Production in April w

10 May 2006

HeidelbergCement unit falters, Bosnia

Tvornica Cementa Kakanj (TCK), a Bosnian cement plant owned by Germany’s HeidelbergCement, said on Tuesday it had a 2005 net profit of 12.34 million marka ($8m), down from 16.02 million marka pr

10 May 2006

Pakistan lifts ban on cement export to Afghanistan

Pakistan has lifted a ban on the export of cement to neighbouring war-battered country Afghanistan, but has increased its custom duties.

10 May 2006

Analysts look for higher earnings from Holcim

Holcim could report higher first-quarter profits after the purchase of its third-largest competitor in India and an increased stake in a Chinese partner. Net income may have risen by 32 per cent to Sw

09 May 2006

Baticim places best bid for Limas port

Turkish cement producer Baticim gave the best bid of US$45.25m for Limas, which operates a port in Izmir. The best bid was well above the minimum estimated value of USD 32m, set for the company before

09 May 2006

Peruvian cement exports up

Peru exports of cement jumped 27 per cent year-on-year in the first quarter of 2006 to US$7.77m the country’s exporters’ association Adex said on May 5, 2006. The exports of cement type po

09 May 2006

Pakistan cement output down

Pakistan’s cement output fell by 18 per cent to 1.5Mt in April from the March level, but output for the 10 months through April was 11 per cent higher than a year ago, an industry spokesman said

09 May 2006

Private sector to set up cement factory in Garmsar

Private sector is to establish a cement factory in Garmsar of Semnan Province, that would be the biggest one across the country, Hossein Sobhani, an official in the province’s governor-generalship tol

09 May 2006

Cement consumption reaches 9.79Mt

Vietnam used 3.15Mt of cement in April, up 10 per cent on-year, brining the total figure to 9.79Mt in the first four months of this year, according to the Ministry of Construction. The increase is at

09 May 2006

Govt has yet to approve sale of Cemex’s shares

State Minister for Indonesian State Enterprises Sugiharto said that he had not yet given approval to Cemex SA’s proposal to sell its 24.9 percent stake in PT Semen Gresik (SG) to a local conglom