International

12 May 2006

India Cements signs deal for new plant

India Cements Ltd, a private cement firm, has signed a deal with the Himachal Pradesh government today to set up a Rs 750 crore cement plant. The MoU was signed by representatives of both the parties.

12 May 2006

Cement price update, Philippines

Cement firm Holcim Philippine Inc. has agreed to peg the retail price of a 40kg bag of cement at P178 here, the Department of Trade and Industry, regional office announced on Wednesday. The agreement

12 May 2006

Gresik ‘should get sale priority’, Indonesia

State-owned Semen Gresik should get first refusal on purchasing shares in the local company being sold by Cemex, Indonesia’s Vice President Jusuf Kalla said Friday.

12 May 2006

Italcementi set to buy 50 per cent in Zuari Cement

India’s Zuari Industries is set to sell its 50 per cent stake in Zuari Cement to Italcementi for Rs 500 crore. The deal is expected to be finalised by the company’s board in its meeting on

11 May 2006

Kamal to invest Rs 1,000 cr, India

Kamal Cement & Infrastructure Ltd has proposed setting up a 2Mt (in two phases of 1Mt each) cement plant in the Satna district with an investment of Rs 1,000 crore.

11 May 2006

Guidelines on cement import freight subsidy, Pakistan

The State Bank of Pakistan (SBP) has issued guidelines to the banks for disbursement of freight subsidy for import of cement.

11 May 2006

Government asks cement firms to justify price hike, India

India’s government has asked a body representing cement manufacturers to explain a recent spike in prices and suggest ways they could be moderated, an official said on Wednesday.

11 May 2006

Oman Cement Q1 net up 16 per cent

The 51 per cent government-owned Oman Cement Company (OCC) yesterday reported a 16 per cent jump in its net profit at RO4.943m for the first quarter of 2006. Sales rose to RO11.126m in Q1 2006 compare

11 May 2006

Jamaica sends delegation to Cuba to finalise shipment

Jamaica is sending a four-member delegation to Cuba on Thursday [11 May] to finalise arrangements for the shipment of 64,000t of cement in the wake of a protracted shortage on the island.

11 May 2006

Rinker looks for acquisitions after handout, Australia

Australia’s biggest building materials maker Rinker Group Ltd is fishing for acquisitions as spending on commercial building and infrastructure in the fastest-growing American states keeps a hou

11 May 2006

Cemex decision not in the national interest, Indonesia

The widely publicised decision by Cemex, to sell its 25 per cent stake in publicly listed PT Semen Gresik (SG), Indonesia’s largest cement company, to local business conglomerate Rajawali isa ve

11 May 2006

PPC planning further capacity boost, South Africa

Double-digit cement demand growth continues according to Pretoria Portland Cement Ltd (PPC) who released their interim results for six months to March.

10 May 2006

Lafarge to build replacement cement factory in Aceh, Indonesia

Lafarge said it will build a new cement factory in Aceh with an annual production capacity of 1.6Mta to be operational in 2008.

10 May 2006

Orascom in Libya

Orascom Construction Industries announced that it was awarded a US$40m subcontract by F.L.Smidth of Denmark, a leading global equipment supplier, for the supply of steel structures and plate work in a

10 May 2006

Foreign players seen in race for Andhra cement

Andhra Pradesh-based Rain Commodities is said to be looking at either partially divesting its stake in its cement business to a strategic partner or entirely selling off the 1.5Mt cement unit, accordi

10 May 2006

April cement shipments up (and down), India

Indian companies shipped 13Mt of cement in April, up 10.2 per cent from a year ago, an industry body said on Wednesday. Production in April w