Cement News tagged: International
Holcim NZ looks for expansion
Holcim New Zealand today said it was considering new manufacturing plants in the face of increasing consumer demand and production shortfalls. Holcim NZ’s Cape Foulwind plant,
Argentina cement sales up
Argentina’s cement sales increased 12.8 per cent year-on-year in February 2005, to 514,759t, according to data of the local association of Portland cement producers, released
Star Cement in ascendancy
Star Cement Bahrain, which acquired Hyundai Tiger Cement Bahrain, plans to invest US$25m to expand its production capacity to 1.2Mta. At present Star Cement Bahrain has a
Holcim defers open offers as regulators delay approval
Holcim’s twin open offers for 37 per cent in Associated Cement Companies (ACC) and 5.9 per cent in Ambuja Cement Eastern, which were slated to open on March 9, have been deferred with the Securi
Italcementi gets approval to take over Suez Cement
The Egyptian government has accepted an offer from Italian cement group Italcementi to acquire a majority shares of Suez Cement, Egypt’s largest cement group. Through its French
Saudi Businessmen To Invest $169.9m in new plant
A group of Saudi businessmen will invest 637 mln Saudi riyals ($169.9m) in the construction of a cement plant near the capital Riyadh, it was reported on March 1, 2005. The investors signed in Februa
Lafarge Romania sales Up 29.7 per cent
Lafarge Romania reported an increase in sales of 29.7 per cent in terms of value and a 7.8 per cent year-on-year growth in terms of volume in 2005, the company said on March 7,
ADB funds $800 m project in Kashmir
The Asian Development Bank, a multilateral development financial institution, has pledged a grant of roughly $800m to carry out “reconstruction projects” in Jammu and Kashmir. The
Semen Gresik growth to slow
The growth of pretax profit of PT Semen Gresik would have slowed down in 2004 due to the high base of net profit of 2003. The Finance Director of Semen Gresik, Cholil Hasan, said
Union Cement 2004 sales gains
UAE Ras al-Khaimah cement manufacturer Union Cement registered cement sales of 1.25Mt in 2004, an increase from 1.04Mt in the previous year, according to the annual report
Good start for cement demand this year
Thailand’s cement sales in January 2005 showed an impressive growth of 19.6 per cent YoY. The January sales were well above expectation. Domestic cement demand is expected
Cement firms foresee high capacity usage
Capacity utilisation in the Indian cement sector is expected to touch an unprecedented 99 per cent in March. "Companies increase their output because the industry demand peaks around March. However,
OCL India to set up integrated steel plant
The Orissa-based OCL India Ltd, producer of the Konark brand cement, is setting up its first integrated steel plant of 0.25Mt per annum capacity.
Ciments Francais takes controlling stake of Suez Cement, Egypt
Ciments Francais, Italcementi Group sub-holding for international activities, along with a consortium of local and international investors have reached an agreement with the Egyptian
Brazil: Votorantim enters India
After acquiring assets in Canada and the US, Votorantim Cimentos is penetrating in India through the take over of a plant with a capacity of 3.5Mta of cement for US$80m.
LILAMA paves way for cement plan, Vietnam
Vietnam Construction and Machinery Installation Corporation (LILAMA) will execute the VND1 trillion (US$63m) project to build the Song Thao Cement Plant for the Song Thao Cement Company.