A cement company with a capital of SAR1.2bn (US$320m) will start operations in al-Jouf, northern Saudi Arabia. The company will operate under the name Al-Jouf Cement. It will be a closed shareholding
Indonesia’s largest cement maker PT Semen Gresik’s July cement sales grew 6.3 pct year-on-year to 1.48Mt boosted by strong local sales, a report by the Indonesian Cement Association (ASI)
Deputy Prime Minister Nguyen Tan Dzung yesterday urged to speed up construction of two large projects including the expanded Uong Bi Power Plant in northern Quang Ninh province and the Haiphong Cement
Russia’ Federal Antimonopoly Service has postponed until September 30 the hearing of a case against Eurocement Group alleging it used its market weight to command cement prices in Russia, FAS said.
Orascom Construction Industries, which is rapidly growing its cement interests, has placed a EUR 111m contract with F. L. Smidth to supply equipment for a white cement plant that it is building in nor
Union members at the US Giant Cement plant in South Carolina, shut down equipment, walked off the job Friday night and began picketing the site. Union members have been working without a contract sinc
Indian Cement production recorded a 0.77 per cent growth at 10.51Mt in July 2005, against 10.43Mt in the same month a year ago. Despatches also rose 1.17 per cent to 10.38Mt from
Two parties have shown interest in setting up cement industries in the Indian Frontier province, sources in the directorate of mineral told Daily Times. One of the interested investing parties is Dewa
Pakistani cement producers are indulging in “unjust profiteering” by providing cement on high prices without having any considerable increase in the production cost, said the Ministry of Industries, P
The European Investment Bank, the European Union’s long-term lending institution, has signed loan facilities totalling US$150m (EUR 123m) with Obajana Cement PLC, a subsidiary of Dangote Industries Li
Shui On Construction and Materials (Socam) chairman Vincent Lo Hong-sui says the company will finalise the details for a new investment by the end of this month. Speaking after the firm’s annua
Following the spinning off of Chaparral Steel Company to its shareholders, Texas Industries is left with its cement operations in Texas and California and aggregates businesses in Texas and Louisiana
Saudi cement producer Southern Province Cement (SPC) posted a net profit of SAR323.1m (US$86.2m) for the first half of 2005, up 14.1% YoY. Gross profit grew 13.4% YoY to SAR333.4m (US$88.9m) for Janua
Chilean cement company Cementos Bío Bío has acquired 100% of ready mix company Tecnomix in a CHP15.7bn (US$28.9m) deal.
After cement sold under the Birla name, it is time for the Bangurs to put their name on their own cement as well. The BG-HM Bangur group is planning to make inroads into the high end cement mart with
The profitability growth of most of the listed cement sector companies is expected to continue in the fiscal year 2006 and fiscal year 2007 due to increasing demand, analysts say.