International

02 May 2006

Cement valuations firm on rising demand

Market valuations of cement companies in India are on the higher side, based on the enterprise value (EV) per tonne. The top four Indian cement companies are valued at US$150 and above, analysts say.

02 May 2006

Cement groups line up expansion plans

The Indian cement industry could witness an investment of around Rs 20,000 crore over the next one and a half years, as cement companies are adding capacities to meet huge demand in the world’s

02 May 2006

Local investors encouraged to buy SG shares

Prominent figures urged local investors to purchase Mexico-based Cemex Asia Holdings’ 25.53 per cent stake in the country’s largest cement producer, PT Semen Gresik (SG), to avoid foreign

28 April 2006

Inquiry begins into sale of Glen Ding woodland to CRH

An inquiry into the sale of 145 acres of State land near Blessington, Co Wicklow, began at the tribunal yesterday. The Glen Ding woodland, containing sand and gravel deposits, was sold to Cement Roads

28 April 2006

Ultratech investment plans

India’s largest cement maker Grasim Industries, along with its subsidiary UltraTech Cement, is planning to invest around Rs 6,000 crore to increase the total cement capacity of the company to 40Mt by

28 April 2006

Gresik net profit forecasts, Indonesia

Indonesia’s PT Semen Gresik expects 2006 net profit to increase by up to 20% on year because of higher sales, its president said Friday.

28 April 2006

Grasim rules out cement price rise

Grasim said that cement prices will no longer ride north but stabilise at the present levels. “Going forward, I see the cement prices remaining at the present levels. Whatever hike in prices had to ha

28 April 2006

Mexico’s Cemex eyes China, India, Brazil, Russia

Cemex has reportedly set its sights set on new business in four of the world’s largest nations – China, India, Russia and Brazil.

27 April 2006

Lafarge inaugurates a new cement plant, Mexico

Lafarge announces that it is doubling its grey cement production capacity in Mexico with the inauguration of a state-of-the-art ceme

27 April 2006

Cement workers agree with employers

Agreement was reached between the Turkish Çimse-Iş Union and the Cement Producers� Employers Union (CMIS) at the collective bargaining me

27 April 2006

Conch targets 23% rise in 2006 cement sales, China

Anhui Conch Cement Co said Wednesday it is aiming for an increase in cement sales of around 23% this year, despite China’s moves to curb cement production as part of efforts to cool overheated s

27 April 2006

Demand for cement to ebb, Thailand

Siam Cement Plc, the country’s largest producer, expects domestic demand for cement to fall next year due to the government’s mega-

27 April 2006

Court to hear US’ Russia Partners suit vs Eurocement May 16

The Moscow Arbitration Court has scheduled for May 16 the preliminary hearings of a RUB 3.35bn lawsuit filed by US-based investment fund Russia Partners against Russia’s Eurocement Group, an off

27 April 2006

Rising cement price slows down construction, India

Steep hike in the prices of construction material, especially of cement, has served a serious setback to the construction industry in Kerala. During the last couple of months, the price of cement has

27 April 2006

GCC acquisition, USA

Mexico’s Grupo Cementos de Chihuahua (GCC) announced the acquisition of 100% of the share capital of The Hardesty Company, Inc, doing business as Mid-Continent Concrete Company, and Alliance

27 April 2006

Plea to revive CCI unit, India

The Cement Corporation of India Employees’ Union (CCIEU) has asked Chief Minister Y.S. Rajasekhara Reddy to take steps to revive the closed unit. "The Chief Minister out to protect the public se