Star Cement Bahrain, which acquired Hyundai Tiger Cement Bahrain, plans to invest US$25m to expand its production capacity to 1.2Mta. At present Star Cement Bahrain has a
Argentina’s cement sales increased 12.8 per cent year-on-year in February 2005, to 514,759t, according to data of the local association of Portland cement producers, released
Holcim New Zealand today said it was considering new manufacturing plants in the face of increasing consumer demand and production shortfalls. Holcim NZ’s Cape Foulwind plant,
The Pakistani cement industry is poised to enhance the production to 35Mt in next three years from existing around 17Mt. It will be producing the surplus cement beyond the local
The Asian Development Bank, a multilateral development financial institution, has pledged a grant of roughly $800m to carry out “reconstruction projects” in Jammu and Kashmir. The
A group of Saudi businessmen will invest 637 mln Saudi riyals ($169.9m) in the construction of a cement plant near the capital Riyadh, it was reported on March 1, 2005. The investors signed in Februa
Lafarge Romania reported an increase in sales of 29.7 per cent in terms of value and a 7.8 per cent year-on-year growth in terms of volume in 2005, the company said on March 7,
The Egyptian government has accepted an offer from Italian cement group Italcementi to acquire a majority shares of Suez Cement, Egypt’s largest cement group. Through its French
Holcim’s twin open offers for 37 per cent in Associated Cement Companies (ACC) and 5.9 per cent in Ambuja Cement Eastern, which were slated to open on March 9, have been deferred with the Securi
The Orissa-based OCL India Ltd, producer of the Konark brand cement, is setting up its first integrated steel plant of 0.25Mt per annum capacity.
Thailand’s cement sales in January 2005 showed an impressive growth of 19.6 per cent YoY. The January sales were well above expectation. Domestic cement demand is expected
Capacity utilisation in the Indian cement sector is expected to touch an unprecedented 99 per cent in March. "Companies increase their output because the industry demand peaks around March. However,
UAE Ras al-Khaimah cement manufacturer Union Cement registered cement sales of 1.25Mt in 2004, an increase from 1.04Mt in the previous year, according to the annual report
The growth of pretax profit of PT Semen Gresik would have slowed down in 2004 due to the high base of net profit of 2003. The Finance Director of Semen Gresik, Cholil Hasan, said
Cement despatches have slowed down in February on account of low sales in north India.
The combined sales of Saudi Arabia’s eight cement companies rose to SAR4.9bn (US$1.307bn) in 2004 from SAR4.5bn (US$987m) in 2003.