International

24 April 2006

Building boom in Barbados

The current building boom, fuelled by preparations for Cricket World Cup 2007, will likely ’taper off’ within three years, says a leading player in the construction sector. Until then, how

24 April 2006

Demand for cement rising in Malaysia

What are Tasek’s prospects over the next five years? Barring any unforeseen circumstances, we expect demand for cement sales in Peninsular Malaysia over the next five years to improve in line w

24 April 2006

Pakistan to import cement

Pakistan is set to import 400,000t of cement to stabilise prices following rising demand. A vessel with nearly 32,000t of cement is due to arrive from China early next month, while a ship carrying 25,

24 April 2006

Saudi cement sector outlook

According to data currently available, projects currently under execution in the GCC amount to about $620bn. Out of these, Saudi Arabia is believed to account for about 29.3 per cent, or $182bn worth

24 April 2006

Lafarge raises buy-out offer again

Lafarge has further increased its bid to buy out Lafarge North America Inc. minority shareholders to US$85.50 a share from US$82 earlier, the world’s biggest cement maker said on Monday. It is

21 April 2006

Votorantim expanding production base

Votorantim Cimentos, with a 40 per cent hold in the Brazilian cement market, is investing US$100m to expand its Sergipe-based plant which might be used to increase export sales into the US. The compan

21 April 2006

China’s output of cement in February 2006

China produced 57,486,300t of cement (all grades) in February 2006. The output in January-February reached 122,384,100t, up 21.3 per cent year on year, according to the National Bureau of Statistics.

21 April 2006

Holcim announces proposed rights issue

Holcim has announced it will propose shareholders at the next AGM on May 12 a SFr1.7bn capital hike in order to support its growth strategy. The shares will be offered to existing shareholders, with e

20 April 2006

Korea’s Samsung involved in Angolan factory

A cement factory with an annual production capacity of 1.2Mt will be built in Sumbe, in Kwanza-Sul province, Angola will be financed by Korean electronics manufacturer Samsung, the manager responsible

20 April 2006

Carib Cement to assess claims

Carib Cement Co. has dispatched eight inspection teams across the region to assess claims that the company’s production of inferior cement hurt building projects, a company official said Wednesd

20 April 2006

Oyak to sell Elazig works

Celalettin Caglar, head of Oyak cement group, said that the group decided to sell its Elazig cement plant. According to Caglar, the company has informed 25 domestic and international investors regardi

20 April 2006

Akmenes cement sales soar

Akmenes Cementas, Lithuania’s only cement manufacturer, posted 19.1 million litas (Euro 5.5m) in sales for the first three months of 2006, a surge of 77 per cent from the year-earlier figure of

20 April 2006

Romanian market records sizeable gains

The Romanian cement market grew 30 per cent on the year in terms of value in 2005, reaching Euro 400m and rose 10 per cent year-on-year in terms of volume to 6.1Mt, according to estimates of main play

20 April 2006

Cemex 1Q hits revenue targets

Cemex registered a 14 per cent gain in first-quarter net profit as the company met its sales goals noting that net profit rose to US$505m from US$444m in the year-earlier period. Consolidated sales ju

19 April 2006

On the road to Damascus

A new cement factory will be built close to Damascus with a cost of Euro 260m and with 3Mta capacity, Syrian daily newspaper of al-Thawra said Tuesday. Ziad al-Za’im, a Syrian investor, had alr

19 April 2006

Macquire Research on Indian prospects

Rakesh Arora of Macquire Research Equities, India says that cement supply will not come in for the next two-three years, which may result in cement prices going further up. Based on profitability, Aro