Cement News tagged: International
Aveng sells out of Holcim SA in landmark R7.4bn BEE deal
Aveng, South Africa’s biggest construction and engineering company, will sell its entire 45.65 percent shareholding in cement producer Holcim South Africa for R7.4bn,
China’s Sinoma wins US$127.4m contract in Iraq
Sinoma International Engineering Co Ltd said it has signed an agreement to build a cement plant for Mass Iraq For Industrial Investment Co at a cost of US$127.4 m.
INTEKO to invest RUB8bn in cement plant reconstruction
Moscow-based company INTEKO has decided to invest about 8 billion rubles out of own funds and external loans in modernization of the production of Verkhnebakansky cement plant (Krasnodar Region).
Cimpor buys Ukraine cement plant
Cimpor and builder Teixeira Duarte SA have bought a cement plant in Ukraine, in a deal that marks the entrance of the two companies into the eastern European market, Diario Economico reported.
ACC to acquire 12 per cent stake in Shiva Cement
Private sector firm Shiva Cement is going to allot 12 per cent stake to leading cement maker ACC, as per a share subscription agreement,
YSR lays stone for cement unit
Chief Minister Y.S. Rajasekhara Reddy laid the foundation stone for Rs. 1,500-crore Dalmia Cements unit at Navabpet in Mylavaram mandal on Friday.
Russian court throws out Russia Partners’ suit vs Eurocement Group
The Moscow Arbitration Court Friday threw out a lawsuit filed by affiliates of U.S. investment fund Russia Partners against Russia’s Eurocement Group over alleged profit stripping.
Singapore’s Jurong Cement warns of losses for year to March
Jurong Cement Ltd said it is expecting to report losses for its financial year to March, due to a sharp rise in sand and granite prices and poor results in one of its Chinese associates.
YSCC to establish Batis cement factory
Yemeni-Saudi Cement Company signed Saturday an agreement with the Chinese Sinoma International Company to build and equip Batis Cemen
7Mt of surplus cement by June-end, Pakistan
Pakistan’s cement industry is likely to produce 7Mt surplus cement by the end of current fiscal year ending June 2007, followed by another 12Mt surplus production during next fiscal year 2007-08.
Guyana government mulls ending tariff waiver on cement
Guyana’s Minister of Tourism, Industry and Commerce, Manniram Prashad, has indicated that TCL Guyana’s (TGI) state-of-the-art cement bagging terminal can adequately s
Al-Barah Cement Factory sales exceed YR10bn
The total value of Barah Cement Factory sales exceeded YR 10.131 billion in 2006. This is the first time the factory’s sales exceeded the 10 billion rial mark
Cement industry gathers, sets hardened targets through 2010, Vietnam
Domestic demand for cement this year was expected to reach 35Mt, a YoY increase of 10 per cent, Viet Nam Cement Association chairman Nguyen Van Thien told the 9th Cement Trade Conference yesterday.
Option for cement roads to reduce maintenance cost
Contractors are encouraged to replace asphalt with cement in the construction of roads frequently used by heavy vehicles to reduce the cost of maintenance, Works Minister Datuk Seri S. Samy Vellu said
Cemex 1Q net seen suffering from tough YoY Comparison
Cemex is expected to report a drop in first-quarter net profit due to the absence of a one-time gain enjoyed in the year-earlier period,
Italcementi: 2007 margins in line with last year
Italcementi yesterday predicted growth in Europe and major development in emerging countries as it forecast 2007 margins in line with those achieved last year