Cement News tagged: International
FCC completes Giant upgrade
Cementos Portland Valderrivas, the cement division of Spanish construction and services group FCC, has expanded its US activities with the inauguration of a new $132m line at its giant Cement operatio
Philippines’ Fortune Cement to merge with Continental
Fortune Cement Corp said its board of directors has approved the company’s merger with another Philippine cement maker, Continental Operating Corp, with Fortune Cement as the surviving entity.
Thailand’s TPI Polene share sales could raise $250m
Kim Eng Securities (Thailand) has been chosen to advise Thai Petrochemical Industry (TPI) on the sale of its 30-percent stake in cement maker TPI Polene, TPI’s debt administrator said.
Spanish consumption at 20.57Mt Jan-May 2005
Cement consumption in Spain increased 5.49% YoY to 20.57Mt in the first five months of 2005, the Spanish Cement Makers Association (OFICEMEN) said.
Cyprus May 2005 cement sales drop to 134,000t
Cement sales in Cyprus dropped to 134,000t in May 2005 compared to 138,000t for the same month of 2004, according to data published by the island’s National Statistics Service (NSS). It is the
German cement giant draws offer
A €6.5bn (US$7.9bn) bid for Germany’s largest cement maker looks destined for success amid a flurry of consolidation in the European construction materials segment, analysts say.
Ciments Francais : Letter of intent for the acquisition of ASEC Cement Company in Egypt
According to a Letter of Intent signed with Citadel Capital, an Egyptian investment fund, the Italcementi Group has obtained a 60-day period of exclusivity to draw up a Share Purchase
Hanson up on takeover talk after German deal
Shares in UK building materials firm Hanson rose 2.5 percent on Monday, a leading gainer in a buoyant European construction and materials sector after a takeover move for Germany’s HeidelbergCem
Spain’s Cementos Portland Valderrivas Invests US$132m
Cementos Portland Valderrivas, S.A., the cement company pertaining to one of Spain’s leading construction and service groups Grupo FCC, has opened a new Giant Cement manufacturing plant in Harle
Baltsem Reduces Cement production by 23.6%
In May, the Baltsem plant (Balakliia, Kharkiv region), one of the three major cement producers, reduced cement production by 23.6 per cent or 50,100t compared with May 2004, to 162,400t.
Turkish Bolu Cimento Q1 2005 Net Profit rises to US$4.3m
Turkish cement and clinker producer Bolu Cimento posted a 5.8m new Turkish lira (US$4.3m/€3.3m) net profit for the first quarter of 2005, compared to 1.68m lira (US$1.3m/€969,000) for the same period
Argentine cement production up 29 per cent
Cement production in Argentina reached 590,000t in May, up 29 per cent from the same month in 2004, local press reported.
Cemex to double size of New Braunfels cement plant
Cemex USA plans to double the size of its plant in New Braunfels, a move that will add 21 jobs and that represents the largest business investment in Comal County history. The exact amount of investme
NEC signs agreement with Barah cement factory - Jordan
A consultancy agreement to implement a diesel-generating station with a 20-megawatt capacity was signed on Saturday between the National Electricity Company (NEC) and Barah cement factory, an affiliat
Spohn set to buy HeidelbergCement for €6.5bn
Spohn Cement GmbH made a surprise offer to take over HeidelbergCement AG, Germany’s largest cement maker, offering €60 a share in a deal that would be valued at about €6.5bn.
Cement shortage becoming increasingly serious
Speaker of Parliament Sheikh Abdullah bin Hussein revealed on Saturday a presidential order to end cement price escalations resulting from high demand.