International

12 May 2005

US$320m cement company to be established in Saudi Najran

An SAR1.2bn (US$320m) cement company is currently under establishment in Najran, southern Saudi Arabia, local media reported. The company, called Al Rub’a al-Khali Cement,

12 May 2005

Higher demand pushes Holcim Romania Q1 turnover

Holcim Romania said on its first-quarter turnover rose 10% YoY as a result of higher demand on the local cement market. The company posted EUR 16m in sales through

12 May 2005

Eurocement acquires Baltsem, Ukraine

The Eurocement Group (Moscow), has acquired a controlling stake in the Baltsem plant (Balakliia, Kharkiv region), one of the three major cement producers in the Ukraine. As

12 May 2005

Indocement sees better sales

Indonesia’s second-largest cement maker, PT Indocement Tunggal Prakarsa Tbk , said it expects better operating results this year, though rising interest and mortgage rates could dent housing dem

12 May 2005

Sebi gives Holcim okay for Ambuja Eastern open offer

After a four-month delay, Holcim on Wednesday received the go-ahead from Sebi to make its open offer to minority shareholders of Ambuja Cement Eastern (ACEL), who have a five per cent shareholding in

11 May 2005

Yemen to increase cement production

Yemen is to increase its cement production to 6Mt by 2007, Minister of Industry and Trade Khaled Rajah Sheikh stated.In his remarks to the press, the minister added that the ministry

11 May 2005

High oil prices fuel construction growth

High oil prices are helping to accelerate the momentum of Bahrain’s construction sector and its rising contribution to GDP is set to continue, says The Nass Group Executive, Sameer Abdulla Nass, whose

11 May 2005

UAE Union Cement plans new mills

UAE Ras al-Khaimah cement manufacturer Union Cement is leading talks with international companies over the purchase and installation of new cement mills at its plant in the northern area of the emirat

11 May 2005

Qatar cement shortage

Qatar is facing severe shortage of cement supplies. This is hampering several construction projects and delaying projects completion. Ministry of Economy and Commerce announced the setting up of a spe

11 May 2005

Growth in gypsum sales expected to moderate

The gypsum market in Thailand will likely expand at a slower pace this year than in 2004, according to Siam Gypsum Industry (Saraburi) Co, a Franco-Thai joint venture between

11 May 2005

Increased costs impact Juan Minetti’s Q1

Argentina’s second largest cement company Juan Minetti posted a 23m-peso (US$7.97m) consolidated net profit in the first quarter, down 20.1 per cent from 1Q04, Minetti reported to the country&rs

10 May 2005

European majors remain optimistic

European building materials producers Lafarge, Holcim and HeidelbergCement have reiterated their growth forecasts for 2005 despite the expected four per cent year-on-year decrease in demand in the sec

10 May 2005

Holcim increases its Chinese stake

Holcim , the world’s second-largest cement maker, has increased its stake in Chinese cement maker Huaxin Cement Co. Ltd. , the Chinese company said on Tuesday. Holcim B.V. had bought an additio

10 May 2005

Siam City Cement Q1 net up

Thailand’s second-biggest cement maker, Siam City Cement PCL , said on Tuesday quarterly net profit rose two per cent, lifted by public construction projects such as a new airport, but margins w

09 May 2005

Poor Q1 for Ciments Francais

In the first quarter of 2005, the French cement producer Ciments Francais saw its turnover remain stable year-on-year, while its operating profit dropped 10 per cent, to Euro 73m, with

09 May 2005

India’s ACC to boost capacity to 20.6Mt

Associated Cement Companies Ltd. (ACC) , India’s No. 2 cement maker, said on Friday its capacity would grow to 20.6Mtaq from 16.5Mta after modernisation and consolidation. The