International

06 September 2005

Holcim Hungaria capacity likely to be increased

Holcim Hungaria Cementipari Rt, the Hungarian subsidiary of Swiss cement group Holcim, is one of the group’s three subsidiaries among which Holcim will choose one to enlarge its capacity, it was

06 September 2005

Lafarge adds weight to cement expansion

In another vote of confidence underscoring the bullish forecast for economic growth, Lafarge yesterday became the third of SA’s four large cement makers to announce a major

06 September 2005

Softwood, cement: Beacons of NAFTA’s failure

The United States slaps punishing tariffs on imports of a vital building material, driving up the price and creating sporadic shortages in the midst of a housing boom. But after years of

05 September 2005

Spain Cementos Molins posts EUR41.6m net profit

Spanish cement maker Cementos Molins posted a net profit of EUR41.6m (US$51.9m) for the first half of 2005, a 3.7 per cent YoY increase, the company reported. EBITDA totalled EUR73.7m (US$91.9m), an 8

05 September 2005

Binani to sell 25% of cement arm to investor

Binani Industries Ltd. said on Friday it would sell 25 per cent in subsidiary Binani Cement Ltd to a foreign investor and swap up to 50 per cent of its own shares for a holding in Binani Cement and Bi

05 September 2005

Romania Buys 49% of Thermo Eco Rec

Holcim Romania, a unit of Swiss cement company Holcim Ltd, has bought a 49 per cent stake in the local waste recycling company Thermo Eco Rec from Austrian company REP die Recycling und Entsorgungs Pr

05 September 2005

Shiva Cement gets nod for debt revamp plan

The Rourkela-based Shiva Cement Ltd has received in-principle approval for its debt restructuring plan from its consortium leader, IFCI Ltd. The other lenders ICICI Bank, Bank of India, Bank of Baroda

05 September 2005

YTL Cement buys Singapore rival

YTL Cement Bhd, a cement producer that is a unit of YTL Corp Bhd, has agreed to buy a fifth of Singapore rival Jurong Cement Ltd (JCL) as it seeks to grow its business abroad.

05 September 2005

Italian Italcementi Mulls Asia Expansion - Chairman

Italian cement producer and distributor Italcementi is studying expansion in Asia, the company’s chairman Giampiero Pesenti said.

05 September 2005

Firm warns of slump; as cement profits fall

The mainland’s cement sector should brace for a slump in the next two years in the wake of anti-inflation measures, China Resources Cement Holdings says.

02 September 2005

90% of construction works in the Amran project complete, Yemen

Ishikawajima-Harima Heavy Industries Co., Ltd, Japan (IHI), has completed 90% of constructive works and 60% of technical works on the Amran Cement Plant Expansion Project, according to Saba news agen

02 September 2005

Revamp for Southern Highlands’ cement mill, Australia

The NSW Government has approved the construction of a $25m upgrade of a cement mill in the Southern Highlands. The upgrade of the Blue Circle cement mill at New Berrima will enable it to meet state-wi

02 September 2005

Gujarat August cement shipments rise 12%, India

Gujarat Ambuja Cements Ltd, India’s third-biggest cement maker, said its August shipments rose 12 per cent on year to 981,000t. Ambuja’s cement production in the same period

02 September 2005

Holcim purchases all Holcim (Cesko) shares

Holcim has taken over all shares in its Czech unit Holcim (Cesko) after a squeeze-out, company lawyer Helena Lebedova said. The Swiss major will pay minority shareholders in the cement maker Kc2,328

02 September 2005

Cimsa H1 2005 net profit up 169% YoY

Turkish cement producer Cimsa increased its net profit by 169% YoY to TRL53.3m (US$39.4m) in the first half of 2005.

02 September 2005

Exports of cement boom, local sales fall, Cyprus

Exports of cement increased by 19.1% year on year in the first seven months of 2005, according to the latest data from the Statistical Service. However, Local sales rose by 2.8%.