Cement News tagged: International
Plant construction announced
The A-Sharq Al-Awsat newspaper quoted a notice published in early October 2005 announcing the building of a cement-making factory. The contract for this was signed between the Gulf Mortgage and Inves
Cementos Portland net attributable profit up
Spanish cement maker Cementos Portland Valderribas S.A. (Cementos Portland) posted a EUR103m (US$121.7m) net attributable profit for the first nine months of 2005, up 11 per cent YoY, the company said
UAE’s Cement Producers Combined Net Profit Up 102%
The combined net profit of the eight cement and building materials companies listed on the Dubai Financial Market (DFM) soared 102 per cent YoY to AED1.31bn (US$356.7m) in the first nine months of 200
Saudi Arabian Cement net profit down
Saudi cement producer Arabian Cement Company posted a net profit of SAR252m (US$67.2m) for the first nine months of 2005, down 3.5 per cent YoY. The fall came despite
Etex to take over Creaton
The Brussels-based building materials group Etex has agreed to acquire the privately held voting capital in Creaton, Germany’s leading clay tile producer, subject to the competition authorities&
Andino throws in the towel
Cementos Andino and Concrecem, Colombia, have decides to sell their complete cement and concrete business to the Argus Group, Colombia. Both companies have reached an agreement on a sale value of just
Dyckerhoff: more on price rises
Wolfgang Bauer, head of Dyckerhoff in Germany has said that the proposed January 2006 increase of eight Euros per tonne, a rise of 15 per cent on prevailing levels, is a definite requirement, noting
FCC’s cement unit could spend Euro 900m
Spanish construction company Fomento de Construcciones y Contratas SA’s (FCC) cement unit Cementos Portland Valderrivas SA is considering investments for as much as Euro 900m throughout 2006, re
JP Morgan building stakes
Leading foreign private equity majors such as JP Morgan are interested in acquiring equity stakes in Indian cement companies. Foreign funds are reported to have evinced interest in domestic cement fir
NTPC may export fly ash to Middle East
India’s National Power Thermal Corporation (NTPC) is exploring the possibility of exporting fly ash to the Middle East, an official disclosed. The disposal of fly ash is one of the main problems faced
Dyckerhoff: 15 per cent cement price hike
Even with slumping sales, the German cement industry plans another round of price hikes, according to Financial Times Deutschland. Germany’s second-largest cement company,
Mexico says talks on US cement tariffs slow
Negotiations between Mexico and the United States over antidumping duties for cement appeared slow on Thursday, with both sides still far from reaching agreement, a Mexican official said. Ricardo Rami
Cartel case fails despite concrete proof
Over the space of three years, a group of seven sub-contractors in Hong Kong banded together to rig tenders for Housing Authority contracts worth $115m. They met at least 80 times, obtained legal advi
Vietnam’s consumption increases in October
Last month, Vietnam consumed roughly 2.25Mt of cement, a growth of 12.5 per cent over last year’s corresponding period, said the Vietnam Cement Association. The increase has
Thailand’s September economic indicators
Economic indicators released by the Bank of Thailand put a negative tone on domestic spending, despite improved trade and current account balances in line with the slowdown in imports. Key economic va
Lafarge and Cemex terminate jv
Lafarge and Cemex announce that they have signed today a Letter of Intent to terminate their 50/50 joint venture in Readymix Asland (RMA) in Spain, and Betecna Betao Pronto (BETECNA) in Portugal.