International

28 April 2005

China group to build world’s biggest clinker factory

The China Anhui CONCH Group plans to invest three billion yuan ($US362 million) in building three production lines, each with a daily capacity of 10,000 tons of cement clinker in Chizhou,

27 April 2005

Polimix invests R$70m in new cement plant

The Brazilian Polimix Concretos is investing R$70m until the end of 2006 in a cement plant with a capacity of 1.2mil mtpy in Rio Branco do Sul (Parana) to supply the domestic market.

27 April 2005

Indonesia’s Semen Cibinong to raise production, reduce exports

Indonesia’s PT Semen Cibinong aims to produce 7.25Mt of cement this year, up from 6.22Mt in 2004, its president Timothy David Mackay said.

27 April 2005

GCC profits fall 17 per cent on domestic construction slowdown

Grupo Cementos de Chihuahua reported a MXP124m(US$11.2m) net profit in the first quarter of 2005, dropping 17.1% from 1Q04, company CEO Manuel Milán said during a conference call.

27 April 2005

Japanese cement sector outlook ’stable’

The general outlook for the Japanese cement sector continues to be stable, comments Moody’s Investors Service in a new report.

27 April 2005

Cemex divests investment in Cementos Bio Bio, Chile

Cemex announced that it has divested its 11.92 per cent interest in Cementos Bio Bio, S.A. for approximately US$6 m or an implied enterprise value to EBITDA of nine times.

26 April 2005

TCL plans US$220mn expansion projects , Caribbean

The Caribbean’s leading producer of cement and ready-mix products, TCL Group, expects to spend up to US$220mn to expand operations at its subsidiaries throughout the region, Daily Nation reporte

26 April 2005

Cement prices go up 3% on housing boom, India

Domestic cement companies raised prices in Mumbai by about three per cent as a housing boom and government spending on roads and bridges fueled demand, distributors said. Shares of cement companies ga

26 April 2005

Cemex Asia keen to build cement factory in Indonesia

Cemex Asia Holdings Ltd said it wants to invest in Indonesia’s cement industry to help the country cope with a cement supply shortage expected in 2007-2008.

25 April 2005

Commerce Ministry Monitoring Cement Price, Saudi Arabia

In its continued efforts at monitoring the availability of products in the market and their prices, the Ministry of Commerce has noticed the increase in the price of cement. The ministry attributed th

25 April 2005

Yanbu Cement Co Q105 net profit at US$28.1m

Saudi cement producer Yanbu Cement Company (YCC) posted a net profit of SAR105.2m (US$28.1m) for the first quarter of 2005, slightly up from SAR104.9m (US$28m) in the year-ago period.

25 April 2005

Jaypee cement targets 10Mt output by 2007

ALLAHABAD, Apr 23: Jaypee cement is targetting a total output of 10Mt with its new plant in Himanchal Pradesh expected to commence production in 2007.

25 April 2005

Raysut Cement Co net profit increases, Oman

Oman’s cement producer Raysut Cement Co achieved a net profit of OMR2.283m (US$5.9m) in the first quarter of 2005, compared to OMR1.382m (US$3.6m) in the same period of 2004, Oman’s bourse

25 April 2005

St Lawrence Cement abandons Greenport construction

After the negative determination from the New York State Department of State (DOS) the board of directors of the Canadian Holcim Group company has decided not to pursue the project to build a new ceme

25 April 2005

Cemex names new CEO of Croatian arm

Cemex has appointed Juan Carlos Ernesto Rincon Restrepo as chief executive officer of its Croatian subsidiary Dalmacijacement. The new CEO will replace Vinko Janjak, who is retiring, Dalmacijacement

22 April 2005

Melon to set up new plant

Chile’s leading cement producer Melon, controlled by Lafarge, plans to build a new grinding plant in the southern Chilean port Puerto Montt, it was reported on April 20, 2005. The plant, which