Cement News tagged: International
Cement companies may cash in on export boom
Cement companies that have milked gains from the current rosy export scenario may have to make all the hay they can while the sun still shines.
Cement producers appeal SC decision
The Cement Manufacturers Association of the Philippines has asked the Supreme Court to look into its final decision last month declaring the safeguard measures against imported gray Portland cement il
Firm warns of slump; as cement profits fall
The mainland’s cement sector should brace for a slump in the next two years in the wake of anti-inflation measures, China Resources Cement Holdings says.
YTL Cement buys Singapore rival
YTL Cement Bhd, a cement producer that is a unit of YTL Corp Bhd, has agreed to buy a fifth of Singapore rival Jurong Cement Ltd (JCL) as it seeks to grow its business abroad.
Italian Italcementi Mulls Asia Expansion - Chairman
Italian cement producer and distributor Italcementi is studying expansion in Asia, the company’s chairman Giampiero Pesenti said.
Romania Buys 49% of Thermo Eco Rec
Holcim Romania, a unit of Swiss cement company Holcim Ltd, has bought a 49 per cent stake in the local waste recycling company Thermo Eco Rec from Austrian company REP die Recycling und Entsorgungs Pr
Shiva Cement gets nod for debt revamp plan
The Rourkela-based Shiva Cement Ltd has received in-principle approval for its debt restructuring plan from its consortium leader, IFCI Ltd. The other lenders ICICI Bank, Bank of India, Bank of Baroda
Binani to sell 25% of cement arm to investor
Binani Industries Ltd. said on Friday it would sell 25 per cent in subsidiary Binani Cement Ltd to a foreign investor and swap up to 50 per cent of its own shares for a holding in Binani Cement and Bi
Spain Cementos Molins posts EUR41.6m net profit
Spanish cement maker Cementos Molins posted a net profit of EUR41.6m (US$51.9m) for the first half of 2005, a 3.7 per cent YoY increase, the company reported. EBITDA totalled EUR73.7m (US$91.9m), an 8
Cemex expands venture with Ready Mix USA
Cemex has said it is expanding its recent US venture with Ready Mix USA, a move that will bring it almost US$92m for handing operations to the venture.
Red River Delta output to raise by 2010, Vietnam
The Ministry of Construction has mapped out a cement production development plan in the Red River Delta up to 2010, aiming to raise annual cement output to 18Mt by that year in a bid to ease shortages
Revamp for Southern Highlands’ cement mill, Australia
The NSW Government has approved the construction of a $25m upgrade of a cement mill in the Southern Highlands. The upgrade of the Blue Circle cement mill at New Berrima will enable it to meet state-wi
Gujarat August cement shipments rise 12%, India
Gujarat Ambuja Cements Ltd, India’s third-biggest cement maker, said its August shipments rose 12 per cent on year to 981,000t. Ambuja’s cement production in the same period
Holcim purchases all Holcim (Cesko) shares
Holcim has taken over all shares in its Czech unit Holcim (Cesko) after a squeeze-out, company lawyer Helena Lebedova said. The Swiss major will pay minority shareholders in the cement maker Kc2,328
Cimsa H1 2005 net profit up 169% YoY
Turkish cement producer Cimsa increased its net profit by 169% YoY to TRL53.3m (US$39.4m) in the first half of 2005.
Exports of cement boom, local sales fall, Cyprus
Exports of cement increased by 19.1% year on year in the first seven months of 2005, according to the latest data from the Statistical Service. However, Local sales rose by 2.8%.