Cement News tagged: International
Holcim Indonesia eyes Bintang Polindo to boost capacity
PT Holcim Indonesia said it will soon acquire PT Bintang Polindo Perkasa (BPP) to increase its cement production capacity, according to local press reports.
China price growth limited despite strong demand
Cement prices in China are expected to maintain single-digit growth this year because the fragmented sector lacks a few centralised industry leaders to press for a price increase, industry players say
Chongqing Power firm teams up with cement producer
Chongqing Fuling Electric Power Industrial said on May 6, 2008 that its affiliate company Chongqing Shuijiang power company
Tororo Cement to invest US$25m Uganda
Tororo Cement has unveiled a $25m four-year expansion plan involving investments in new facilities,
Indian prices to stay stable
Indian cement players have decided to keep cement prices stable in the current quarter,
Vietnam confirms sufficient cement supply this year
Nguyen Quang Cung, a Ministry of Construction official has confirmed sufficient cement supply for this year,
Cement contributes 58% of Eagle Materials’ profit
Including its share of the jointly-owned Texas Lehigh Cement, the turnover of Eagle Materials for the financial year to the end of March fell by 15.2% to US$846.7m.
Heidelberg, Indorama, Mysore Cements to merge
HeidelbergCement India, a wholly-owned subsidiary of HeidelbergCement, on Friday announced complete acquisition of Indorama cement and further consolidation of its Indian operation.
Cost of South African cement set to increase
Cement prices are set to rise significantly again from July, although one of the major local producers is resisting the industry pricing trend.
Italy Cementir 1Q08 pre-tax profit at EUR3.8m
Italian cement group Cementir Holding SpA, a unit of local construction company Caltagirone, posted a pre-tax profit of EUR3.8m (US$5.9m) for the first quarter of 2008 compared to EUR26m (US$40.1m) a
ACC to freeze cement prices over next 2-3 months
Indian cement manufacturer ACC Ltd said Friday it will hold cement prices for the next 2-3 months in response to the federal government’s request to help keep rising inflation in check.
Australian cement shortage relief to put building on track
North Queenslands sole cement supplier, Cement Australia, says supplies should be back to normal by mid-May.
PPC still working hard on BEE deal, South Africa
The planned broad-based black economic empowerment (BEE) deal by Pretoria Portland Cement (PPC) has been delayed further, with the ZARR4bn transaction expected to be finalised in the next few month
Shree Cement sees 15 per cent sales growth in FY09
India’s Shree Cement expects a 15 per cent growth in sales volumes in 2008/09 on sustained demand
Weak economy will take toll on cement consumption
With the US economy experiencing a severe economic weakness, its impact on cement consumption and the construction industry will not be mild,
Lower volumes hit Italcementi’s results
Italcementi’s first quarter turnover declined by 4.5% to EUR1306.6m, the running EBITDA was down by 5.3% to EUR260.9m and the trading profit fell back by 8.8% to EUR157.5m.