Cement News: International

07 July 2006

Cement output up Jan-April 2006, Mexico

The output of Mexico’s cement producing companies increased 12 per cent YoY from January to April 2006, boosted by a rise in the capacity

07 July 2006

Gresik to raise export volumes in 2006, Indonesia

PT Semen Gresik will raise its export volume in 2006 in order to anticipate tight product competition and continuing low domestic demand for cement, a spokesman said.

06 July 2006

Ancap to continue selling cement to Argentina, Uruguay

Ancap of Uruguay and Camargo Correa, the Brazilian group that controls the Argentinian cement producer Loma Negra, have confirmed an extension to their current commercialisation deal that will take th

06 July 2006

Tokyo Cement’s net profits surge 89%, Sri Lanka

Tokyo Cement Ltd, the island’s biggest cement maker, said that its group net profits had jumped 89 per cent for the 12 months to March, boosted by sustained demand in the construction industry.

Cimentos de Cabo Verde, Cape Verde 06 July 2006

Cimentos de Cabo Verde, Cape Verde

Sales at Cape Verdean cement company, Cimentos de Cabo Verde (CCV) rose 28 per cent last year driven by increased activity in the archipelago’s construction market, which is expected to continue over

06 July 2006

Lebanese company establishes factory in Suleimaniah

Suleimaniah’s General Director for the Promotion of Investments, Mahdi Sheran, has announced an agreement with Lebanese company GRD to construct a cement factory in Bazian.

Work starts on US$210m cement plant, Vietnam 06 July 2006

Work starts on US$210m cement plant, Vietnam

Construction of a US$210m cement plant began in Tinh Gia district of central Thanh Hoa province on July 4. The plant, invested by the Cong Thanh Cement Joint Stock Company, has a designed capacity of

06 July 2006

Taiwan Cement sees record profits in 2006

Taiwan Cement Corp, the third-largest cement maker in China and Taiwan, expects this year’s profit to exceed the record T$5.70bn ($176m) profit it made in 2005, the company’s chairman said

06 July 2006

Indonesia approves Lafarge expansion plan

The National Investment Coordinating Board has approved Lafarge SA’s proposal to expand cement production capacity at its North Sumatra subsidiary PT Semen Andalas at an investment cost of US$45

05 July 2006

CAF approves loan to Soboce

The Andean Development Corporation (CAF) has approved a US$25m loan to Bolivia’s largest cement producer, Soboce, CAF reported in a release. Local banks Banco Mercantil, Banco Nacional de Bolivi

05 July 2006

Eurocement to pay after settlement with antitrust

Russia’s largest cement producer Eurocement will pay a 267 million ruble fine (US$10m) to the federal government, in accordance with an out-of-court settlement to its long-running dispute with t

05 July 2006

Work starts on new cement plant

Construction of a US$210m cement plant began in Tinh Gia district of central Thanh Hoa province on July 4. The plant, invested by the Cong Thanh Cement Joint Stock Company, has a designed capacity of

05 July 2006

IFC signs loan for Yemen cement plant

The International Finance Corporation (IFC), the private sector arm of the World Bank Group, has signed a US$35m loan to National Cement Company in Yemen. IFC’s loan will support the constructio

05 July 2006

CRH current business outlook positive

CRH plc said Wednesday that it expects that profit before tax for the six months to Jun. 30, 2006 will increase by approximately one-third compared with the reported 2005 outcome of EUR383 million.

04 July 2006

Mid Europa Partners Acquires 92.4% of Croatia’s Istra Cement

Private equity firm Mid Europa Partners said it has bought 92.4% of Croatian cement maker Istra Cement from Germany’s HeidelbergCement for an undisclosed sum.

04 July 2006

Baltsem Ends 2005 With UAH 11m in profit

Baltsem, one of three largest cement producers in the Ukraine, ended 2005 with a net profit of UAH 11m. This was disclosed in the Top-100 rating made by Invest Paper.