International

07 November 2005

NTPC may export fly ash to Middle East

India’s National Power Thermal Corporation (NTPC) is exploring the possibility of exporting fly ash to the Middle East, an official disclosed. The disposal of fly ash is one of the main problems faced

07 November 2005

JP Morgan building stakes

Leading foreign private equity majors such as JP Morgan are interested in acquiring equity stakes in Indian cement companies. Foreign funds are reported to have evinced interest in domestic cement fir

07 November 2005

FCC’s cement unit could spend Euro 900m

Spanish construction company Fomento de Construcciones y Contratas SA’s (FCC) cement unit Cementos Portland Valderrivas SA is considering investments for as much as Euro 900m throughout 2006, re

07 November 2005

Dyckerhoff: more on price rises

Wolfgang Bauer, head of Dyckerhoff in Germany has said that the proposed January 2006 increase of eight Euros per tonne, a rise of 15 per cent on prevailing levels, is a definite requirement, noting

07 November 2005

Andino throws in the towel

Cementos Andino and Concrecem, Colombia, have decides to sell their complete cement and concrete business to the Argus Group, Colombia. Both companies have reached an agreement on a sale value of just

04 November 2005

Thailand’s September economic indicators

Economic indicators released by the Bank of Thailand put a negative tone on domestic spending, despite improved trade and current account balances in line with the slowdown in imports. Key economic va

04 November 2005

Vietnam’s consumption increases in October

Last month, Vietnam consumed roughly 2.25Mt of cement, a growth of 12.5 per cent over last year’s corresponding period, said the Vietnam Cement Association. The increase has

04 November 2005

Cartel case fails despite concrete proof

Over the space of three years, a group of seven sub-contractors in Hong Kong banded together to rig tenders for Housing Authority contracts worth $115m. They met at least 80 times, obtained legal advi

04 November 2005

Mexico says talks on US cement tariffs slow

Negotiations between Mexico and the United States over antidumping duties for cement appeared slow on Thursday, with both sides still far from reaching agreement, a Mexican official said. Ricardo Rami

04 November 2005

Dyckerhoff: 15 per cent cement price hike

Even with slumping sales, the German cement industry plans another round of price hikes, according to Financial Times Deutschland. Germany’s second-largest cement company,

03 November 2005

Fujairah net profit surges, UAE

The net profit of UAE cement manufacturer Fujairah Cement Industries Company surged to 102.7m UAE dirhams ($27.9m) for the first nine months of 2005, up from 73.6m dirhams

03 November 2005

Oman Cement Co Posts $35.35m net profit Jan-Sept 2005

Oman Cement Company (OCC) reported a 40 pct YoY increase in net profit to 13.61 mln Omani rials ($35.35m) for the first nine months of 2005, the company said in a statement to the Muscat Securities Ma

03 November 2005

Holcim Romania opens 10th environmentally friendly plant

Holcim Romania has opened its 10th environmentally friendly concrete plant, located in the western city of Timisoara following an investment of EUR1.5m.

03 November 2005

Cement industry may grow at nine per cent

Cement industry is expected to grow at 8-9 per cent compounded annual growth rate (CAGR) in medium term, according to industry chamber Assocham.

03 November 2005

Lafarge and Cemex terminate jv

Lafarge and Cemex announce that they have signed today a Letter of Intent to terminate their 50/50 joint venture in Readymix Asland (RMA) in Spain, and Betecna Betao Pronto (BETECNA) in Portugal.

02 November 2005

Baltsem Decides Buy 0.37% of its shares, Ukraine

The Supervisory board of the Baltsem company (Balakliia, Kharkiv region), which is one of the three largest cement producers, at its October 25 meeting decided to buy 0.365% of shares from its shareho