International

27 October 2005

Tasek expects growth as market stabilises

Tasek Corporation Bhd expects a five per cent growth in revenue for the financial year ending June 30, 2006 from RM224.47 million in the previous year as the local cement market has stabilised and the

27 October 2005

Russian RATM to invest in new plant

Russia’ Novosibirsk-based RATM Industrial Commercial Group plans to invest up to Euro 120m in the construction of a cement plant in the Novosibirsk Region, the company’ President Eduard Taran said at

27 October 2005

GCC reports record results

Grupo Cementos de Chihuahua (GCC) now a leading cement producer in its markets in Mexico, United States and Bolivia, today announced its consolidated results for the quarterly period ended September 3

27 October 2005

Orascom moves into cement grinding in Spain

Orascom Construction Industries has established its first manufacturing presence in Europe by acquiring a controlling interest in Cementos La Parrilla. An indirect 51 per cent stake in the company ha

27 October 2005

Portland to build new mill

The East African Portland Cement will use its own money to finance the building of a Ksh800 million (US$10.9m) fifth clinker mill that will see its production capacity increase by nearly 100 per cent.

26 October 2005

USG achieves record volumes again

USG Corporation, the leading North American plasterboard producer, increased turnover by13.9 per cent to US$3,804m in the first nine months of the year, with the trading profit advancing by 38.3 per c

26 October 2005

Holcim denies misconduct In Hungary

Holcim has repudiated charges of misconduct in Hungary. The company said a Hungarian court has supported Holcim’s role in the privatization of the Hejocsaba cement plant. Holcim said unrealistic

26 October 2005

Cement war in nobody’s best interest

South African cement supplier Holcim said it is committed to free enterprise and welcomes competition in Namibia, which, the company said has always been to the benefit of consumers. In a statement, H

25 October 2005

Cemex Venezuela sees sales growth

Cemex Venezuela, a unit of Mexican Cemex expects sales to grow 18 per cent this year from 2004 and sees another 10 per cent increase for next year, the affiliate’s president said on Tuesday. En

25 October 2005

Hurricane contributes to cement shortages in Canada

Contractors in Alberta’s booming construction industry say this year’s devastating hurricane season along the Gulf Coast is going to make a cement shortage even worse. Builders say high demand for cem

25 October 2005

Pueblo debate on new $200m plant while shortages mount

Mexican cement manufacturer GCC is close to investing $200m to build a new plant in Pueblo. It comes at a time when shortages of cement are reportedly delaying construction projects around the state.

25 October 2005

Anhui Conch 3Q net profit down

China’s largest cement maker Anhui Conch Cement Co Ltd said its third quarter net profit fell 9.4 per cent year-on-year to 119.2 mln yuan, with market demand weakened by the government’s m

25 October 2005

Government backs embattled cement company

The Namibian Ministry of Trade and Industry says it will see to it that the new Cheetah Cement Company is not squeezed out of business by South African suppliers and their local distributors. Trade an

24 October 2005

Indian cement prices

Indian cement prices are expected to rise this quarter by Rs 5-7 per bag, owing to better demand in both domestic and overseas markets. The average price of cement in India now is around Rs 155-165 fo

24 October 2005

No cement supply problems in Sarawak

The Domestic Trade and Consumer Affairs Ministry’s enforcement division in Sarawak has not received any complaints of cement shortage, including from developers. Its director, Mohamed Mokhtar Ye

24 October 2005

PM approves construction of Do Luong cement factory

The Vietnamese Prime Minister has approved the construction of Do Luong cement factory in the central Nghe An province with a total capacity of 3Mt of cement a year. The construction is divided into t