International

11 July 2005

Court bars ruling on bid to hike cement tariff

The Philippine Supreme Court has barred the Department of Trade and Industry (DTI) and the Tariff Commission from resolving the petition of local cement manufacturers for the extension of safeguard me

11 July 2005

Spohn offer ’is fair’ say HeidelbergCement

HeidelbergCement AG said its supervisory and management boards both agreed that Spohn Cement AG’s Euro 60 per share takeover offer for the company ’is fair.’ The

11 July 2005

Birla to expand cement capacity

Notwithstanding the ongoing bitter legal battle over its control, the Rajinder Lodha controlled Birla Corporation, the flagship company of M P Birla group, plans to substantially expand its cement cap

08 July 2005

Dyckerhoff Ukraine – higher production

In June, Volyn Cement company (Zdolbuniv, Rivne region), increased cement production by 24.6 per cent or 29,600t compared with June 2004, to a total 149,900t. As Ukrainian News earlier reported, Voly

08 July 2005

Energy costs erode cement firm’s profit

Thailand’s second-largest cement maker, Siam city Cement said yesterday rising fuel costs and more competition are eroding the company’s profit. Chantana Sukumanond, senior vice chairman of SCCC, sai

08 July 2005

Teixeira Duarte controls sizeable Cimpor stake

Cimpor said bourse regulator CMVM has ruled that construction company Teixeira Duarte SGPS controls 22.65 per cent of the cement maker’s capital and 22.78 per cent of voting

07 July 2005

Lafarge to invest US$90m to reconstruct Aceh plant

Lafarge SA will invest US$90m to rebuild a cement plant in Aceh, Indonesia, destroyed by the tsunamis December 2004, the French company said Thursday ending speculation that

07 July 2005

Garadagh Cement increases production

Garadagh Cement held general meeting of shareholders on 22 June and announced the results of activities in 2004. The main result was increase of production by 30.8 per cent. The chair of the board of

07 July 2005

Holcim opens new slag crushing plant

Holcim yesterday inaugurated its new, Euro 28.5m slag crushing plant in Dunkerque in northern France. The site will have a yearly capacity of 700,000t of product, will employ 25

07 July 2005

Cemex wants US$100m compensation from US

Cemex could recover US$100m if Washington lifts anti-dumping tariffs on Mexican cement in a bid to ease shortages in the United States, the company said on Wednesday. Last month, a NAFTA panel ordere

07 July 2005

Siam City seeks price increase

Siam City Cement Plc is to ask the government to raise the retail price of cement by Bt1-2 per bag. SCCC’s senior marketing vice president Chantana Sukumanont yesterday told a press conference

07 July 2005

London Olympics to spur cement investments?

The rather unexpected news of London’s successful bid for the Olympic bid in 2012 has already has a positive effect on a number of UK construction share prices, but longer-term, this major boost

07 July 2005

Prosecutors probe alleged US$1m CRH privatisation bribe

According to the Irish Times, Polish prosecutors are investigating a privatisation deal at the centre of allegations that a US$1m bribe was paid on behalf of CRH, Ireland’s largest company, to a

06 July 2005

Southern Province cement H1 profit up 14%

Saudi Arabia’s Southern Province Cement Co first-half net profit rose 14 per cent to 323 million riyals ($86m), the company said. Southern Province Cement, the kingdom’s largest listed cem

06 July 2005

Cement sales rise on construction boom, India

Cement sales rose strongly in June as firms stepped up construction activity across the country spurred by strong growth in Asia’s fourth-largest economy

06 July 2005

Cement production to achieve 1Mt, Brazil

Brazil expects to produced around 1Mt more of cement this year. In 2004, the companies active in the sector produced 34.4Mt according to the National Union of the Cement Industry, which believes that