Cement News tagged: International
Semen Padang gets US$120m loan from Central Bank
Semen Padang, a subsidiary of state-owned Semen Gresik, secured a loan of Rp190 billion (US$20m) from Bank Central Asia (BCA). Semen Gresik President Satriyo said the loan fund will be used to refinan
Mega projects in the pipeline
Indian Finance Minister P Chidambaram on Thursday indicated that the Government, with the assistance of the Investment Commission, was actively pursuing the setting up of three mega infrastructure pro
Povazska cementaren profit down
Slovak cement maker Povazska cementaren made profit worth almost Sk177 million in 2004, a drop of five per cent on the year, Jozef Sutara, an assistant to Povazska CEO, told CTK today. Sales were fl
Kenyan cement sector up by 11.9 per cent
Kenyans completed new buildings worth Sh2.3 billion last year, adding a clean Sh1 billion to the 2003 figure. A major beneficiary of the virtually private-sector-driven boom was the
Santa Cruz, La Paz drive Q1 cement production
Cement production in Bolivia in the first quarter grew 9.24 per cent to 308,973t compared to 1Q04, the country’s national statistics institute (INE) reported. The increase was due
Workers killed in roof collapse
At least 12 people, including five women, were crushed to death and 20 injured when an under-construction roof, crumbled this afternoon in a cement factory in Dalmiapuram in neighbouring Perambalur di
Romania watchdog fines cement companies
Romania’s competition council fined the country’s main cement producers EUR28.5 million for allegedly fixing prices on the local market, the regulator said in a statement Thursday. The Ro
INC seeks US$30m to boost capacity
Paraguay’s state-owned cement maker Industria Nacional del Cemento (INC) is seeking to invest US$30m to increase installed capacity, INC president Amílcar Troche announced. The move is to incre
Bulgaria to resume gypsum sell-off
The Bulgarian Privatisation Agency should continue the cancelled competition for the sale of the country’s sole gypsum producer Gips, a five-member panel of the Supreme Administrative Court (SAC
Lafarge repeats 2005 profit growth target
Lafarge reiterated on Wednesday that it expected six to eight per cent growth in operating income in 2005, excluding the effect of currency swings, acquisitions and disposals. "Despite the strong in
Cement shortages still a problem in Miami
Rising steel costs, low supplies of cement and a shortage of workers still may be delaying construction schedules in Miami-Dade County. One industry executive said last week that a lack of cement coul
Taiwanese cement makers expand in China
Despite sharp declines in the prices of cement and premixed concrete in mainland China, Taiwanese cement makers operating production facilities there are ambitiously expanding production capacity in a
China’s Anhui Conch units to acquire more capacity
Anhui Conch Cement Co Ltd, one of China’s leading cement producers, said its board has approved a proposal allowing two units to acquire assets in two joint ventures in the southwestern province
Cemex no comment on Gresik
Cemex declined to comment Wednesday on a senior Indonesian government minister’s assertion that the Mexican cement producer agreed to sell its stake in state-owned Semen Gresik. Cemex’s to
Siam Cement approves plant investment
Industrial conglomerate Siam Cement PCL said Wednesday its board has approved a plan to invest THB3.2 billion in a new integrated cement plant in Cambodia. Siam Cement will
CIMA hit by higher output cost
Malaysia’s third largest cement producer Cement Industries of Malaysia Bhd (CIMA) suffered a net loss of RM14.89 million for the first quarter of the year, buoyed by an increase in its productio