International

31 May 2005

Povazska cementaren profit down

Slovak cement maker Povazska cementaren made profit worth almost Sk177 million in 2004, a drop of five per cent on the year, Jozef Sutara, an assistant to Povazska CEO, told CTK today. Sales were fl

31 May 2005

Mega projects in the pipeline

Indian Finance Minister P Chidambaram on Thursday indicated that the Government, with the assistance of the Investment Commission, was actively pursuing the setting up of three mega infrastructure pro

31 May 2005

Semen Padang gets US$120m loan from Central Bank

Semen Padang, a subsidiary of state-owned Semen Gresik, secured a loan of Rp190 billion (US$20m) from Bank Central Asia (BCA). Semen Gresik President Satriyo said the loan fund will be used to refinan

31 May 2005

Indocement to retain profit to repay debt

Cement maker PT Indocement Tunggal Prakarsa said it may not distribute dividends from last year’s profit as it gives priority to repaying debts. Company finance director Christian Kartawijata sa

31 May 2005

Lafarge Malayan to fight pricing trends

Lafarge Malayan Cement Bhd, Malaysia’s largest cement producer, will not initiate a price war despite a fall in cement demand, although it will match competitors’ prices, the Star reported

31 May 2005

Italy approves Montalto takeover

Italy’s Antitrust Authority has given a green light to the acquisition of 100 per cent of Italian cement maker Cementificio di Montalto by Italy’s largest cement producer Italcementi, it w

31 May 2005

Japan JV in Vietnam to double output

Taiheiyo Cement Corp and Mitsubishi Materials Corp said Monday that their joint cement making unit in Vietnam will double its production capacity in order to meet growing demand amid the country&rsquo

27 May 2005

Bulgaria to resume gypsum sell-off

The Bulgarian Privatisation Agency should continue the cancelled competition for the sale of the country’s sole gypsum producer Gips, a five-member panel of the Supreme Administrative Court (SAC

27 May 2005

INC seeks US$30m to boost capacity

Paraguay’s state-owned cement maker Industria Nacional del Cemento (INC) is seeking to invest US$30m to increase installed capacity, INC president Amílcar Troche announced. The move is to incre

27 May 2005

Romania watchdog fines cement companies

Romania’s competition council fined the country’s main cement producers EUR28.5 million for allegedly fixing prices on the local market, the regulator said in a statement Thursday. The Ro

26 May 2005

China’s Anhui Conch units to acquire more capacity

Anhui Conch Cement Co Ltd, one of China’s leading cement producers, said its board has approved a proposal allowing two units to acquire assets in two joint ventures in the southwestern province

26 May 2005

Taiwanese cement makers expand in China

Despite sharp declines in the prices of cement and premixed concrete in mainland China, Taiwanese cement makers operating production facilities there are ambitiously expanding production capacity in a

26 May 2005

Cement shortages still a problem in Miami

Rising steel costs, low supplies of cement and a shortage of workers still may be delaying construction schedules in Miami-Dade County. One industry executive said last week that a lack of cement coul

26 May 2005

Lafarge repeats 2005 profit growth target

Lafarge reiterated on Wednesday that it expected six to eight per cent growth in operating income in 2005, excluding the effect of currency swings, acquisitions and disposals. "Despite the strong in

25 May 2005

Ex-factory price of construction goods steady in China

The ex-factory prices of construction materials and non-mineral products in March remained the same as in the previous month but decreased by 1.78 per cent on-year. The ex-factory price of cement aver

25 May 2005

Electra order from Lafarge Canada

Electra Gold Ltd. has received a purchase order from Lafarge Canada Inc. for 2200t of chalky geyserite for its cement plant located in Richmond, BC. The chalky geyserite must be delivered to Port Har