Cement News tagged: International
Cement plant expansion anticipates change in SA
The massive expansion on the cards for SA’s cement industry may appear a little ambitious, especially as cement sales growth rates are expected to taper off from this year. PPC and
Cementos Melón with highest stake in the market
Cementos Melón, registered the highest stake in the Chilean market with a 35.4% share during the January-July period.
Domestic cement production up 33% YoY, Argentina
Argentine production of Portland cement rose 32.8% in August compared to the same month last year due to the growth of the construction industry, according to a report from the association of Portland
Lafarge buys majority stake in Cementos Esfera
Lafarge has acquired an undisclosed majority stake in Spanish cement producer Cementos Esfera. The firm has confirmed that the operation, which was closed out on July 23, is in
TPI to auction cement unit stake on Sept 22
Thai Petrochemical Industry Plc (TPI) will hold an auction to sell its 30 percent stake in cement maker TPI Polene on Sept 22, in a second attempt to raise money to repay debt, a TPI debt administrato
EU approves Spohn buy of HeidelbergCement
The takeover vehicle of German billionaire Adolf Merckle, Spohn Cement, and its affiliates won permission on Wednesday from the European Commission to take over HeidelbergCement. The takeover vehi
Siam cement unit: Firm eyes Indonesian mine
SCT expands exports as domestic sales fall. SCT, Siam Cement Group’s distribution unit, is planning to spend several billion baht to buy a majority stake in or create a joint venture with a coal
Malaysia’s YTL Cement wins SC approval for loan stocks rights issue
YTL Cement Bhd said the Securities Commission has approved its proposed renounceable rights issue of up to 490.32m rgt nominal value of 10-year irredemable convertible secured loan stocks (ICULS), on
Cement caravan fails to hit the pavement
When Albuquerque Mayor Martin Chavez announced in mid-August that he and Chihuahua, Mexico Mayor Juan Blanco had worked a deal to avert a cement shortage crisis in New Mexico, he said a "caravan" of t
India: Cement cos’ valuations scale new heights
With cement prices reaching new heights, valuations of cement companies have scaled new peaks on the bourses. While large profitable companies such as Associated Cement Companies (ACC), Gujarat Ambuja
Thailand: Second attempt planned to auction shares of cement affiliate
After a failed electronic auction of the shares of its cement and petrochemical subsidiary last month, Thai Petrochemical Industry (TPI) has decided to reopen the bid in a fresh attempt to raise US$24
Kenya: Concrete roads could cause cement shortage
There is growing concern in the construction industry in East Africa that the adoption of cement in road construction will lead to shortages and price hikes.
Unique floating cement factory docks in Qatar
A group of Qatari businessmen have found a unique solution to meet the severe shortfall of cement in the local market. They have brought in a floating cement factory which is now docked in the Mesaiee
Gahna: Court discharges General Manager of Diamond Cement
A Dzodze District Magistrate Court on Tuesday discharged Mr Chitti Babu, General Manager of Diamond Cement Ghana Limited (DCGL), who has been charged with three counts of
Lafarge adds weight to cement expansion
In another vote of confidence underscoring the bullish forecast for economic growth, Lafarge yesterday became the third of SA’s four large cement makers to announce a major
Softwood, cement: Beacons of NAFTA’s failure
The United States slaps punishing tariffs on imports of a vital building material, driving up the price and creating sporadic shortages in the midst of a housing boom. But after years of