International
Heracles fears no Olympic aftershock
Heracles, the largest cement provider for the Athens Olympics said Tuesday business would shrink after the Games but dismissed fears that the local construction industry, Greece’s main engine of
China cement makers face profit crunch
Problems with coal and electricity supplies have prompted some analysts to downgrade the earnings prospects of mainland cement manufacturers. Cement makers such as Anhui Conch Cement, China Resources
Indonesia cement sales up in June
Indonesia’s domestic cement sales grew by 9.2 per cent in June to 2.59Mt compared to the same period a year ago, the country’s largest cement maker PT Semen Gresik Tbk said on Tuesday. Gr
Asia Cement spinoff cleared
Taiwan-based Asia Cement has received the green light from Hong Kong Exchanges and Clearing to spin off its mainland cement operations in a listing worth as much as HK$1 billion, according to market s
Semen Gresik 1H Cement Sales Up
PT Semen Gresik said its total cement sales in the first six months of this year rose 16% on year to 7.28Mt from 6.29Mt, due to an increase in domestic sales and exports. Indonesia’s largest cem
Brazil Cement industry sells more
For the first time this year, the cement industry registed an expressive increase in sales. In June, according to National Syndicate of Cement Industries (Snic), consumption of the product reached 2.9
Eagle Materials starts well
Eagle Materials, until last year known as Centex Construction Products, has reported a 20.8% increase in turnover to US$150.3m in the first quarter of its 2004/05 financial year, with the trading prof
Aggregate Industries’ US advance held back
In the first six months of 2004, Aggregate Industries increased turnover by 9.4% to £732.8m (US$1,333.7m) and the EBITDA emerged 8.2% higher at £97.2m (US$176.9m). Better weather led to an improvemen
US infrastructure spending
US legislators have upgraded their proposals for a US infrastructure funding program from $275bn to $299bn. This proposal appears to have the backing of the Bush administration. Senate negotiators off
Polish construction
The Polish government statistics agency GUS released its July survey on the construction market prospects. The industry outlook has improved for 28 per cent of the companies surveyed while 16 per cent
Lafarge: Romania cement sales up
Lafarge said on Friday its first-half cement sales in Romania rose by 27.7 per cent year-on-year. The sales growth in Romania exceeded the average rise of Lafarge’s cement sales in Central Euro
Semen Padang sets export target
PT Semen Padang, based in Padang in West Sumatra, plans to export 1.35Mt of cement this year, including 500,000t of clinker. Exports will shipped to other Asian countries, South Africa and Europe, a c
Bamburi profits trapped
Despite reporting a 59 per cent increase in its after tax profits, Bamburi Cement Company is yet to muster the intricacies of public policy formulation in Kenya. The firm had expected to report highe
Palestinians made millions
Palestinian businessmen have made millions of dollars supplying cement for Israel’s "security barrier" in the full knowledge of Yasser Arafat, the Palestinian leader and one of the wall’s
Cement demand fails to take off
Strong demand growth continues to remain elusive for some Indian cement companies, if the data for the first quarter of FY05, recently released by Cement Manufacturers’ Association (CMA) is anyt
Anhui Conch says macro controls hit prices
Anhui Conch Cement Co. Ltd, the mainland’s largest cement maker, has blamed China’s economic cooling measures for a 20 per cent decline in its cement prices in May and June against the fir