International

24 August 2005

Calyon Bank Egypt: the financial advisor of Suez Cement Company in the acquisition of ASEC Cement

Calyon Bank Egypt has recently announced being the financial advisor of Suez Cement Company in one of the largest tender offers made on the Cairo Stock Exchange.

23 August 2005

Cement sales grow

East African Portland Cement, one of the country’s leading producers, sold more than 60,000 tonnes of cement in July, the highest ever in the company’s history.

23 August 2005

New Saudi cement operation

A cement company with a capital of SAR1.2bn (US$320m) will start operations in al-Jouf, northern Saudi Arabia. The company will operate under the name Al-Jouf Cement. It will be a closed shareholding

23 August 2005

Semen Gresik July cement sales 1.48Mt; up 6.3% YoY

Indonesia’s largest cement maker PT Semen Gresik’s July cement sales grew 6.3 pct year-on-year to 1.48Mt boosted by strong local sales, a report by the Indonesian Cement Association (ASI)

23 August 2005

Deputy PM urges speedier construction of two large projects, Vietnam

Deputy Prime Minister Nguyen Tan Dzung yesterday urged to speed up construction of two large projects including the expanded Uong Bi Power Plant in northern Quang Ninh province and the Haiphong Cement

23 August 2005

Russian antitrust body postpones Eurocement Group hearing

Russia’ Federal Antimonopoly Service has postponed until September 30 the hearing of a case against Eurocement Group alleging it used its market weight to command cement prices in Russia, FAS said.

23 August 2005

Orascom behind Algeria’s first white cement plant

Orascom Construction Industries, which is rapidly growing its cement interests, has placed a EUR 111m contract with F. L. Smidth to supply equipment for a white cement plant that it is building in nor

22 August 2005

Union at Giant Cement votes to go on strike

Union members at the US Giant Cement plant in South Carolina, shut down equipment, walked off the job Friday night and began picketing the site. Union members have been working without a contract sinc

22 August 2005

Cement output up in July

Indian Cement production recorded a 0.77 per cent growth at 10.51Mt in July 2005, against 10.43Mt in the same month a year ago. Despatches also rose 1.17 per cent to 10.38Mt from

22 August 2005

More cement factories expected in NWFP

Two parties have shown interest in setting up cement industries in the Indian Frontier province, sources in the directorate of mineral told Daily Times. One of the interested investing parties is Dewa

22 August 2005

Cement producers ‘unjust profiteering’

Pakistani cement producers are indulging in “unjust profiteering” by providing cement on high prices without having any considerable increase in the production cost, said the Ministry of Industries, P

22 August 2005

EIB provides US$150m for greenfield plant

The European Investment Bank, the European Union’s long-term lending institution, has signed loan facilities totalling US$150m (EUR 123m) with Obajana Cement PLC, a subsidiary of Dangote Industries Li

22 August 2005

Shui On to finalise investement details soon

Shui On Construction and Materials (Socam) chairman Vincent Lo Hong-sui says the company will finalise the details for a new investment by the end of this month. Speaking after the firm’s annua

19 August 2005

All my ex’s live in Texas

Following the spinning off of Chaparral Steel Company to its shareholders, Texas Industries is left with its cement operations in Texas and California and aggregates businesses in Texas and Louisiana

19 August 2005

Saudi Southern Province cement H1 2005 net profit at $86.2m

Saudi cement producer Southern Province Cement (SPC) posted a net profit of SAR323.1m (US$86.2m) for the first half of 2005, up 14.1% YoY. Gross profit grew 13.4% YoY to SAR333.4m (US$88.9m) for Janua

19 August 2005

Cementos Bío Bío acquires 100% of Tecnomix

Chilean cement company Cementos Bío Bío has acquired 100% of ready mix company Tecnomix in a CHP15.7bn (US$28.9m) deal.