International

13 October 2005

South Africans squeeze new entrant

South African cement suppliers and local distributors have reportedly conspired to drive out newly introduced Cheetah Cement to maintain their monopoly in Namibia. New Era investigations have reveale

12 October 2005

Management changes at Padang and Tonasa

The EGM of Semen Padang and Semen Tonasa decided that the two companies should increase itsproduction capacity utilization by 10 per cent each starting this year. "Overall, we expect that Semen Gresi

12 October 2005

Italcementi interested in five Turkish plants

Italcementi SpA is interested in five of the 10 cement plants which are being privatised by the Turkish government, a spokeswoman said, confirming earlier reports. ’The company is potentially

12 October 2005

Argentina authorities approve Camargo-Correa purchase

The Argentine government has approved Brazilian engineering company Camargo-Correa’s (CCG) acquisition of local cement producer Loma Negra’s holding company, the Economy Ministry said in a

12 October 2005

Chile Aims at higher cement sales

Chile aims to increase its cement sales to 4.0Mt in 2005, an increase of 6.0 per cent year-on-year, it was reported on October 11, 2005. The sales figure shows an increase compared to the all-time hi

11 October 2005

South African regional cement sales up in Sept

Cement sales in southern Africa rose 13 per cent in September to 1.24Mt, the Cement and Concrete Institute said on Monday. Sales for the region, which includes South Africa,

11 October 2005

Turkish Cimentas Wins Lalapasa Cimento tender with high bid

Turkish cement producer Cimentas reportedly won the sell-off tender of cement factory Lalapasa Cimento offering the highest bid of $166.5m it was reported on October 10, 2005. Cimentas competed for

11 October 2005

Indian cement growth

The Indian cement industry has posted a 10 per cent growth in both cement production and despatches for the first half of the year ended September 2005, clocking a double digit growth. While cement ma

11 October 2005

Holcim expanding in Romania: New kiln line to be built

Holcim (Romania) will be investing more than CHF 150 million in modernising and expanding cement production capacity over the 2005-2008 period, underpinning the company’s objective to continue p

11 October 2005

Changes ahead for China markets?

With Chinese cement consumption likely to top the 1bn tonne level in 2005, industry specialists suggest that growth in consumption is likely to moderate significantly in 2006-2007 as Chinese governmen

10 October 2005

Vietnam’s cement prices likely to increase

The Government will allow the Ministry of Construction and the Vietnam Cement Association (Cemas) and other cement producers to submit a plan to bring nationwide cement prices in line with regional ra

10 October 2005

China’s Jan-Aug cement output rises 9.7%

China produced 640.03Mt of cement in January-August 2005 and 91.53Mt in August alone, a 9.7 per cent and a 14 per cent YoY increase, respectively.

10 October 2005

IFC grants credit facilities to Obajana Cement

International Finance Corporation (IFC) granted a cumulative sum of U$196.4m credit facilities to five Nigerian companies in its last financial year. The companies are Obajana Cement Plc, a subsidi

10 October 2005

Cement exports surge on Gulf construction boom, India

The construction boom in the Gulf region has pushed cement exports from India to a new high of 0.5Mt in August ’05. Industry officials said that cement exports from India have

10 October 2005

Moscow city Government calculates losses from Eurocement

Moscow city authorities estimate the construction sector’s losses from hikes in the Eurocement group’s prices at R1.0bn. The sector uses 1.2Mt of cement on average in social housing constr

10 October 2005

Iran, Venezuela to build cement plant in Monagas

Venezuela’s Basic Industries and Mining Minister Victor Alvarez Saturday announced that Caracas and Tehran had signed a joint venture agreement on the establishment of a cement factory in the Venezuel