Cement News tagged: International
Turkish production grows 3.9% YoY
Cement production grew by 3.9% compared to 2006 and reached 49.3Mt last year, according to data of the Turkey Cement Manufacturers’ Association.
Vicat expands US downstream activities
Vicat’s first quarter turnover was off by 2.1% to EUR471m in absolute terms, but improved by 1.1% on a comparative basis.
Heidelberg, Lafarge, Birla Group lead L&T unit bidders
HeidelbergCement, Lafarge and India’s Aditya Vikram Birla Group are the lead bidders for the ready-mix
Indonesia’s Indocement 1Q net profit more than triples
Indonesia’s second-biggest cement maker, PT Indocement Tunggal Prakarsa, said Friday its net profit more than tripled in the first quarter ended March, aided by
Tasek on the look out for more acquisitions
Malaysian maker Tasek Corp Bhd, which recently announced a RM751m purchase, is still on the lookout for more acquisitions.
Cemex UK sales on the slide
Cemex has said that sales across all its products in the UK will be down this year, according to
Goldsun mulls acquisition in Fujian Province, China
In an attempt to expand production of cement, Goldsun Development & Construction Co of Taiwan’s will set up new plants and acquire others in mainland China.
Athi River Mining in Sh1.2bn rehabilitation project
Kenya’s Athi River Mining has set aside Sh1.2bn to upgrade its Kaloleni cement plant.
Recent capacity additions likely to soften cement prices, India
The Indian cement industry has added close to 15Mta capacity in the last quarter, including 10Mt in March alone, resulting in moves that might bring down cement prices in the near future.
Sri Lanka keen on Birla cement tie to foster competition: minister
Sri Lanka wants to encourage greater competition in local cement production and has given approval for Birla group officials to visit the site of a defunct northern cement plant the Indian group wants
Venezuela Oil Min: some cement companies agree to JVs with state
Venezuela has offered foreign cement companies subject to nationalisation the chance to form joint ventures with the state, and
Semapa 1Q net falls due to lack of one-time gain
Portugal’s Semapa said net profit in the first quarter to March dropped to EUR24.4m from EUR47.2m, due to a lack of the one-time gain booked in the first-quarter of 2007.
Malaysia: slow demand, rising costs to hurt Lafarge
Lafarge Malayan Cement Bhd’s YoY (YoY) cement sales growth rates are expected to decelerate over the remaining months this year,
UltraTech to set up plant in Gujarat
UltraTech Cement, a member of India’s Aditya Birla Group, has announced plans to invest
Bulgaria’s Devnya Cement to invest in capacity upgrade
Bulgaria’s Devnya Cement, part of Italcementi Group, will invest over EUR250m (US$389m) to upgrade its plant,
China: urban development pushes cement demand up
China’s urbanisation, new rural development and infrastructure investment boost the demand for cement in 2008-2010,