Cement News tagged: International
Cementos Bío Bío net profits up 0.45% in 1H05, Chile
Chilean cement company Cementos Bío Bío posted a consolidated net profit of COP13.1bn (US$24.1m) for 1H05, a 0.45% increase in relation to same-period last year, the company said. Bío Bío’s reve
Gujarat Ambuja may invess in Rajasthan, India
Gujarat Ambuja has shown interest in investing Rs 1,000 crore in a cement plant in Marwar Mundwa region of Rajasthan. The chairman of Gujarat Ambuja, Suresh Neotia, indicated this while addressing the
Cementos Argos merger now awaiting government approval, Colombia
The merger of the eight Grupo Argos cement companies in Colombia has now been approved by the shareholders of all the firms involved and the only remaining obstacle is the green light from the governm
SCC says high energy cost may reduce its profits this year
Siam City Cement Plc (SCCC), the country’s second largest cement maker, concedes that rising energy costs could cut profit growth this year.
Siam Cement boss upbeat, Thailand
Kan Trakulhoon, president of Siam Cement Plc, the country’s largest industrial conglomerate, has forecast a slight upturn in the economy during the remaining period of this year.
Shiva plans to restart kiln, mid-August, India
Shiva Cement Ltd., has informed BSE that the major shut down of it kiln (June 2005) is going to be restarted on August 16 with major modifications. The company expects improvement in production and ef
Eurocement Group produce 1.5Mt, Ukraine
Ukrainian plants of Eurocement Group produced 1.5Mt of cement in Jan-July 2005, up eight per cent from the figure posted in the same period 2004, the company’s press service reported.
Cimsa to open US$30m cement plant 2005, Turkey
Turkish cement producer Cimsa will put into operation a US$30m (EUR24.3m) cement plant in 2005. The plant, located in Kayseri, central Turkey, will have a capacity of 1800tpd utilising low fuel and el
Indonesian cement demand growth likely to ease?
Inflationary pressures from higher energy prices and a weakening rupiah, in addition to a delay in major infrastructure projects, may result in this year’s growth in domestic cement demand being
Spohn gains majority stake in HeidelbergCement
Spohn Cement GmbH has raised its stake in German building materials group HeidelbergCement AG to 52.3 per cent as of August 3, 2005. Spohn, controlled by HeidelbergCement’s shareholder Adolf Mer
Saudi Arabia invests heavily in Algeria
Saudi investments in Algeria have reached US$1 billion in the first half of this year, according to the Algerian Agency for Investment Development, KUNA reported. In a statement it issued, the agency
Italcementi boosts it lead position in Egypt
Suez Cement, Egypt’s leading cement producer and 54.2 per cent controlled by the Italcementi subsidiary Ciments Français, has concluded an agreement to acquire a 68.7 per cent stake in ASEC Ceme
Settlement in the case against IKN
FLSmidth has agreed to a settlement with the German clinker cooler producer IKN Ingenieurbüro Kühlerbau Neustadt GmBH (IKN). Against this background, FLSmidth has dropped the planned civil action and
Ciments Francais signs agreement for the purchase of Asec Cement, Egypt
Ciments Français, at the end of the due diligence period envisaged in the agreement announced on 13 June, has finalised an agreement for the purchase of 68.7% stake in ASEC Cement Company, the fifth l
Cement sales 4% growth, Pakistan
Cement sales for the first month of the new fiscal year have witnessed a growth of around four per cent, said a research report prepared by Jehangir Siddiqui and Company with the data collected from t
Hima cement to boost production
The Managing Director of Hima Cement, Mr Mbuvi Ngunze, has said after a successful six years since Lafarge acquired Hima Cement, the company is considering expanding production.