International

21 November 2005

Cemco seeks reversal of CA decision

Cemco Holdings Inc. has asked the Court of Appeals to reconsider its decision requiring the cement firm to tender an offer to buy the stakes of minority shareholders of Holcim Philippines Inc.

18 November 2005

Grasim, Lafarge in race for UP cement unit

Grasim and Lafarge are apparently set to compete for the assets of the UP State Cement Corporation (UPSCCL). They have competed earlier also, the only difference being that this time they are not alon

18 November 2005

Swiss want to set up cement plants

The Ambassador of Switzerland to Pakistan, Dennis Filed Mayor, has said that Swiss businessmen are keen to invest in various sectors of Pakistan and particularly in Balochistan. During a meeting with

18 November 2005

BoI fines Taiheiyo

The Philippine Board of Investments (BoI) has revoked the certificate of registration of Taiheiyo Cement Philippines Corp (formerly Grand Cement Manufacturing Corp) and slapped the firm with over P1.1

18 November 2005

Eurocement improves Ukrainian output

In the past ten months of 2005, the Ukrainian factories of Russia’s Eurocement Group holding company made over 2.4Mt of cement, a 14 per cent rise year-on-year. Balcem of

18 November 2005

Cement output keeps increasing in October

According to statistics provided by China Cement Association, China’s demand for cement will keep growing in the fourth quarter of this year, but the growth will slow down. Meanwhile, fiercer competit

18 November 2005

BPB board agrees to £3.9bn deal

British plasterboard maker BPB was last night recommended a 775p-a-share offer from French suitor Saint Gobain. The £3.9billion deal will mark the end of an increasingly hostile and bitter bid battle

17 November 2005

New cement factory to be set up in Abu Dhabi

A new Dh 200m (US$54m) cement plant will be set up in Abu Dhabi, local investors revealed as reported by a local daily on Wednesday. The Abu Dhabi-based Al-Ittihad Arabic daily quoted Abdulrazzaq Moha

17 November 2005

Cement consumption in Spain up

Cement consumption in Spain rose by 4.98 per cent year-on-year to 42.2Mt in the first 10 months of 2005, the Spanish cement makers association Oficemen said on November 15,

17 November 2005

Indonesia’s Oct cement sales down

Indonesia’s domestic cement sales volumes, an indicator of economic activity, fell 6.1 per cent in October to 2.78Mt from a year earlier, the country’s largest cement maker said on Wednesd

17 November 2005

CP Cimento mulls partial sale

Brazil’s seventh largest cement producer, CP Cimento has hired investment bank Goldman Sachs to find a buyer for part of its business, newspaper Valor Econômico reported. The reason behind the d

16 November 2005

Cement industry needs more workers

Vietnam’s cement industry is estimated to need around 10,000 workers to operate production lines between now and 2010, according to the Vietnam Cement Corporation (VNCC). Of the total, engineer

16 November 2005

Indonesian cement consumption

Cement consumption in Indonesia rose 6.2 per cent in the ten months to October to 26.80Mt from 25.25Mt consumed in the same period last year, according to the Indonesian Cement Association (ASI). Ov

16 November 2005

Cruz Azul starts new plant construction in Mexico

Mexican cement maker Cruz Azul and Polysius, a unit of German heavy industry giant ThyssenKrupp, started the construction of a cement plant in Palmar de Bravo, eastern Mexico, on a 575 hectares area,

15 November 2005

Competition board hints of long review on plant sale

Mustafa Parlak, head of Competition Board, said that it did not seem likely for the board to give its decision regarding the sale of cement companies, previously owned by the Uzan group, soon. Parlak

15 November 2005

More on the Lafarge jv China

Lafarge Shui On Cement, which is 55 per cent owned by the Paris-based group and was formed with the local Shui On Construction And Materials Ltd. (SOCAM) group in late summer, is acquiring Shuangma In