International

13 June 2005

Spohn set to buy HeidelbergCement for €6.5bn

Spohn Cement GmbH made a surprise offer to take over HeidelbergCement AG, Germany’s largest cement maker, offering €60 a share in a deal that would be valued at about €6.5bn.

10 June 2005

Japan Ryukyu Cement posts US$4.5m parent net profit FY 2004

Japanese cement and mineral products maker Ryukyu Cement Co in Okinawa, southern Japan, posted a parent net profit of 489m Japanese yen (US$4.5m/€3.7m) for fiscal 2004/2005, ended March 31, 2005, down

10 June 2005

Cement prices stable for now

Cement prices in India are expected to be stable following the arrival of monsoon. The increase in production and despatches will be countered by the onset of the monsoon, which will prevent any fluct

10 June 2005

Cement Factory Inaugurates new filtering system

According to “Jordan Times”, Minister of Environment Khalid Irani and Minister of Industry and Trade Sharif Zu’bi inaugurated a US$3.5m dust filter installed by the Jordan Cement Factories Compa

10 June 2005

Greek Titan Cement targets expansion, considers Turkish market

Greek cement maker Titan Cement considers entering the market of neighbouring Turkey as part of an expansion move, the company said.

10 June 2005

Chilean cement industry seen to register four per cent growth in 2005

Chilean cement industry is seen to register a growth of four per cent in 2005 in comparison with 2004, the general manager of the Chilean cement maker Polpaico, Oscar Parada.

10 June 2005

HeidelbergCement’s Turkey Joint Venture Invests €100m

Turkey’s Akcansa, a joint venture of HeidelbergCement AG and Sabanci Holding, said it would invest €100m to increase clinker production capacity to 5.7Mt from 3.8Mt by the end of 2007.

10 June 2005

Saudi Tabuk Cement Co, Qassim Cement Co plan joint plant

Saudi cement producers Tabuk Cement Company (TCC) and Qassim Cement Company (QCC) have signed a memorandum of understanding (MoU) to carry out a feasibility study on a project which envisages the est

10 June 2005

Egyptian National Cement Co reports US$11.4m net profit July 2004-Mar 2005

Egyptian cement producer National Cement Company (NCC) posted a net profit of 66.4m Egyptian pounds ($US11.4m/€9.4m) for the first nine months of the fiscal 2004/2005, ending June 30, 2005, up 260 per

09 June 2005

SIAM Cement: SCC’s Cement Investment in Cambodia

The Board of Directors of The Siam Cement Plc (SCC) has approved a 3200 MB cement investment in Cambodia, whereby SCC will hold a major stake in the venture, while a local investor will take up the re

09 June 2005

Cement powder of Ararat town causes illnesses

Today the Caucasian region ecological center organized in Ararat a conference with the theme “Environmental Protection For the Welfare of the Coming Generations and Steady Development”. The aim of the

09 June 2005

Evrocement Group cuts costs

Evrocement Group will stop using intermediary sale companies and reinvest the saved funds into modernisation.

09 June 2005

Eurocement Group to build two cement mills which cost US$450m

Eurocement Group JSC expects to build two cement mills in the near future, President of the Company Mikhail Skorokhod said. According to him, the building companies will face deficit of cement in 2007

09 June 2005

Sinoma wins US$78.87m cement plant bid

Sinoma International Engineering Co said it has signed a 652.8m yuan (US$78.87m) contract to build a cement production line for Guochan Industrial (Fujian) Cement Co Ltd.

09 June 2005

Carpatcement appeals over Romanian cartel fine

Carpatcement, a unit of Germany’s HeidelbergCement will ask a local court to cancel an €8.6m fine by Romania’s competition watchdog for price fixing, the company said on Wednesday.

09 June 2005

Russian Cement Industry needs US$5bn in Investment by 2010

Russian cement industry investment requirements of up to US$5bn for the rest of this decade were revealed this week by Michael Skhorohod, President of Eurocement Group, during the XIII International C