Cement News tagged: International
Holcim to take total control of India’s ACIL
Holcim will take complete control of Ambuja Cements India Limited (ACIL) by buying the remaining 11 per cent from Ambuja Cements Ltd
Thailand’s TPI Polene 1Q08 earnings review in-line results
TPI Polene (TPIPL) announced a 1Q08 net profit of Bt955m, up 24.3% YoY and 224.6% QoQ.
Oman Cement Q1 profit falls
Oman Cement Co , the country’s biggest cement firm by market value, posted its smallest profit in five quarters,
Italcementi consolidates its position in Kuwait
At yesterday’s annual general meeting, Italcementi announced the acquisition of two further ready-mixed concrete businesses in Kuwait for a total of approximately US$30m.
APCMA condemns raid, vows to lodge protest
All Pakistan Cement Manufacturers Association (APCMA), Chairman, Aizaz Mansoor Sheikh has said that the action of Competition Commission has
Cement no longer scarce but costly, Tanzania
There may not be a shortage of cement in Tanzania, but its prices are still high, according to local press reports.
Vietnam’s US$295m Cam Pha cement plant put into operation
The Vinaconex Cam Pha Cement Plant, with a capacity of 1.89Mta, was put into operation in Quang Ninh
Azerbaijan Investment Company to pay 10% equity stake in Garadagh Cement
The realisation of the agreement signed in Baku February 14 between Azerbaijan Investment Company (AIC) JSC and Holcim is nearing completion.
Plantation, mining booms give cement market a boost
The plantation and mining booms are the major factors contributing to the cement market growth outside of Java.
Philippine cement prices up PHP8
Cement prices have risen by at least PHP8 per bag following the recent increase in the prices of coal in the
Colombia Cementos Argos seeks acquisition targets in US
Colombia’s largest cement maker, Cementos Argos SA, is seeking new acquisitions in the US,
Ambuja Cements 1Q08 net slips 42 per cent
Leading cement maker Ambuja Cements’ net profit has dipped by 42 per cent.
Russia’s Basic Element mulls purchase of plants in China
BaselCement, which manages the cement business of Oleg Deripaska’s Basic Element (BasEl), is considering
GCC: profit down 41.8% in 1Q08
Mexican cement maker Grupo Cementos de Chihuahua (GCC) reported a 41.8% fall in profits to MXP167m (US$15.9m) in the first quarter of 2008, compared to MXP288m in the same period of 2007.
Colombia’s Cementos Argos mulls sale of coal mine assets
The board of Colombia’s largest cement maker, Cementos Argos SA, authorised the company’s
ACC, Ambuja Cement merger ruled out
Putting to rest speculation about a merger of ACC and Ambuja Cement, the managing director of ACC has ruled out any such possibility.