International

19 July 2005

Cementos del Caribe to hold merger meeting with shareholders

Colombian cement company Cementos del Caribe has called a July 29 meeting for stockholders to approve its merger with seven other cement companies, according to local news reports.

18 July 2005

Peru’s June cement sales rise

Peru’s overall cement sales in June rose 7.1 per cent to 385,900t from the 360,311t sold in the same month a year before, as the economy continued to expand, the National Association of Cement P

18 July 2005

New cement company for Saudi Arabia

Saudi Arabia’s Ministry of Trade and Industry has approved the establishment of a 550 mln Saudi riyal (US$146.7m) cement company, it was reported on July 12, 2005. The company is called Medina

18 July 2005

China’s output of cement in May 2005

China produced 92,856,100t of cement in May 2005. The output in January-May reached 359,218,100t, up 6.1 per cent year on year, according to the National Bureau of Statistics. In April the country pr

18 July 2005

Rinker points to US growth and price hikes

Shares of Rinker Group Ltd., Australia’s largest building materials maker, had their biggest gain in a year after the company said first-quarter profit surged and increased its US earnings forec

15 July 2005

Holcim Shutdown ’No Threat to Supply’

The planned shutdown of a cement production line by Holcim South Africa, at the end of the year was unlikely to affect supply in Gauteng, the group said yesterday. The disclosure by Holcim follows a

15 July 2005

Industry misinformed about Mexican cement antidumping

Joe Dorn, a Washington-based attorney representing the Southern Tier Cement Committee accuses Mexicans of double standards: "The bottom line is, Cemex cannot have it both ways," "The Mexican cement gi

14 July 2005

Ghacem keeps on giving

The Ghacem Cement Foundation yesterday presented to 29 beneficiaries 30,000 bags of Portland cement worth C1.3 billion for the first half of the year. Addressing the beneficiaries, the Managing Direct

14 July 2005

James Hardie explain Chile exit

The Australian firm James Hardie’s surprising departure from the Chilean fibre-cement sector - it has sold its assets to Compania Industrial El Volcan - linked to the Matte family - can be expla

14 July 2005

Bank signs with Pioneer Cement

A Memorandum of Understanding (MoU) was signed between the Bank of Punjab (BoP) and Pioneer Cement Limited, Pakistan, under which the bank would act as the company’s main banker and handle its c

14 July 2005

ACC sells refractory units

As part of its strategic plan to exit non-cement businesses, ACC on Wednesday reached an agreement with ICICI Venture Funds to sell off its refractory business in what is possibly the largest 100 per

13 July 2005

Shares of Malaysian producers rise

Shares of local cement producers rose yesterday on news of a 50 per cent jump in the product price, as investors bet that business prospects would improve following the increase. YTL Cement Bhd, a uni

13 July 2005

Ghacem warns beneficiaries of Cement Foundation

Ghana Cement Limited (GHACEM) on Tuesday said it would not hesitate to take action or blacklist beneficiary communities of its Cement Foundation who used the product for purposes other than what they

13 July 2005

Japanese concrete survey warning

Japan’s bridges aren’t exactly falling down, but industry officials fear that many might be on the verge of severe deterioration. Cement manufacturers say the standard guarantee for concre

12 July 2005

Developing cement shortage in the US

According to the Portland Cement Association’s latest survey of cement suppliers in May, 23 states are currently experiencing cement shortages. The shortage, which has been ongoing since the spr

12 July 2005

Cement price set to rise early next year

Despite higher production costs caused by higher fuel prices, Vietnamese cement prices will be regulated by the government until year-end, when a price hike comes into effect.