Cement News tagged: International
Turkey speeds Uzan Cement sales
The Turkish Saving Deposits Insurance Fund (TMSF) announced tenders for the sale of nine cement factories, seized from the controversial Uzan family, for a total estimated price of $433m. According
Gujarat Ambuja expects high profit growth
Gujarat Ambuja Cements Ltd (GACL) expects a topline growth of 20 per cent and a bottomline growth of 30 per cent for the current fiscal, said Anil Singhvi, Executive Director of the company. For the c
Efficiency of China’s cement industry slumps
China’s output of cement reached 456Mt in the first half, rising 7.4 per cent year on year, but 10 per cent lower than the growth in the same period last year. Output value of large cement enterprises
Rinker looks good with TXI in the frame
Rinker Group’s already bullish outlook in the United States was given a major boost on the weekend after the US Senate passed a US$286.5 billion six-year highway construction bill. Representing
Hanson in the spotlight as consolidation gathers pace
The current takeover activity in the heavy building materials and aggregates sector has once again put the spotlight on Hanson PLC and investors will be keen to hear the company’s comments on th
Semen Gresik H1 net up 74 per cent
Indonesia’s largest cement maker PT Semen Gresik reported a 74 per cent year-on-year rise in first half to June net profit to 321. 21bn rupiah on the back of stronger sales and lower interest co
Cement testing facilities to be upgraded
Technology Up-gradation and Skill Development Company (TUSDEC) is planning to upgrade testing and research and development facilities at Cement Research and Development Institute (CRDI) with an object
Oman Cement H1 net up significantly
Majority state-owned Oman Cement Company said on Sunday net profit grew 25 per cent to 8.2 million rials (US$21.30m) for the first half of 2005, helped by rising cement prices. Oman’s leading c
Podilskyi Tsement to switch to coal
The Podilskyi Tsement company, one of Ukraine’s three biggest producers of cement (Kamianets-Podilskyi, Khmelnytskyi region), intends to fully go over to the use of coal instead of gas fuel befo
TXI Completes spin-Off of Chaparral Steel
Texas Industries, Inc. today announced the completion of the separation of its steel operations from TXI through a pro-rata tax-free dividend of all the common stock of Chaparral Steel Company to TXI
Belgian firm to sue cement makers in Germany
A Belgian firm specialising in damages lawsuits plans to seek about Euro 140m compensation from cement makers Lafarge , Dyckerhoff and Readymix over alleged price-fixing. "We will submit the lawsuit n
Project manager accused of graft
An official in charge of managing the construction of a US$208m cement plant in Vietnam’s northern port city of Hai Phong stands accused of taking bribes to unveil details of bids on the project. Ho T
TCL obtains financing for Caribbean expansion
The TCL Group is currently strengthening the cement sector of its business by expanding capacity and optimising its plants and has embarked on setting up cement terminals regionally. It is also introd
Cementir’s first half results boosted by acquisitions
First half turnover at Cementir rose by 166.7 per cent to €402.9m, thanks to last October’s acquisitions of Aalborg Portland Cement and Unicon. The EBITDA advanced by 113.84 per cent to €82.8m
China Resources Cement figures down
China Resources Cement Holdings Ltd said Friday it expects its first-half earnings this year to be "substantially worse" than in the year-earlier period because of high coal prices and a slowdown in d
Indocement 1H improvements
Indonesia’s cement maker PT Indocement Tunggal Prakarsa said Friday it swung to a first half net profit due to an increase in revenue and a decline in foreign exchange losses.