International

10 August 2005

Gujarat Ambuja may invess in Rajasthan, India

Gujarat Ambuja has shown interest in investing Rs 1,000 crore in a cement plant in Marwar Mundwa region of Rajasthan. The chairman of Gujarat Ambuja, Suresh Neotia, indicated this while addressing the

10 August 2005

Cement output dips in July, India

Major cement companies reported a decline in production in July this year over the corresponding month last year.

10 August 2005

Cementos Portland to buy local Ceminter , Spain

Spanish cement maker Cementos Portland Valderribas SA, a unit of Spanish construction and services group Fomento de Construcciones y Contratas S. A., has reached an agreement to buy local sector compa

09 August 2005

Eurocement Group produce 1.5Mt, Ukraine

Ukrainian plants of Eurocement Group produced 1.5Mt of cement in Jan-July 2005, up eight per cent from the figure posted in the same period 2004, the company’s press service reported.

09 August 2005

Cimsa to open US$30m cement plant 2005, Turkey

Turkish cement producer Cimsa will put into operation a US$30m (EUR24.3m) cement plant in 2005. The plant, located in Kayseri, central Turkey, will have a capacity of 1800tpd utilising low fuel and el

09 August 2005

Siam Cement boss upbeat, Thailand

Kan Trakulhoon, president of Siam Cement Plc, the country’s largest industrial conglomerate, has forecast a slight upturn in the economy during the remaining period of this year.

09 August 2005

Shiva plans to restart kiln, mid-August, India

Shiva Cement Ltd., has informed BSE that the major shut down of it kiln (June 2005) is going to be restarted on August 16 with major modifications. The company expects improvement in production and ef

09 August 2005

SCC says high energy cost may reduce its profits this year

Siam City Cement Plc (SCCC), the country’s second largest cement maker, concedes that rising energy costs could cut profit growth this year.

09 August 2005

Cementos Argos merger now awaiting government approval, Colombia

The merger of the eight Grupo Argos cement companies in Colombia has now been approved by the shareholders of all the firms involved and the only remaining obstacle is the green light from the governm

08 August 2005

Settlement in the case against IKN

FLSmidth has agreed to a settlement with the German clinker cooler producer IKN Ingenieurbüro Kühlerbau Neustadt GmBH (IKN). Against this background, FLSmidth has dropped the planned civil action and

08 August 2005

Italcementi boosts it lead position in Egypt

Suez Cement, Egypt’s leading cement producer and 54.2 per cent controlled by the Italcementi subsidiary Ciments Français, has concluded an agreement to acquire a 68.7 per cent stake in ASEC Ceme

08 August 2005

Saudi Arabia invests heavily in Algeria

Saudi investments in Algeria have reached US$1 billion in the first half of this year, according to the Algerian Agency for Investment Development, KUNA reported. In a statement it issued, the agency

08 August 2005

Indonesian cement demand growth likely to ease?

Inflationary pressures from higher energy prices and a weakening rupiah, in addition to a delay in major infrastructure projects, may result in this year’s growth in domestic cement demand being

08 August 2005

Spohn gains majority stake in HeidelbergCement

Spohn Cement GmbH has raised its stake in German building materials group HeidelbergCement AG to 52.3 per cent as of August 3, 2005. Spohn, controlled by HeidelbergCement’s shareholder Adolf Mer

05 August 2005

Juan Minetti, Loma Negra appeal government fine, Argentina

Argentine cement companies Juan Minetti and Loma Negra have appealed several hundred million pesos in fines that the government imposed on them last week for price collusion in the cement industry.

05 August 2005

Indonesia’s 2005 cement consumption seen slowing

Domestic cement consumption in Indonesia could grow by less than eight per cent this year in the wake of the government’s move to increase fuel prices last March, a senior company executive said