Cement News tagged: International
TPIPL to call meeting with creditors
TPI Polene Plc (TPIPL), the country’s third-largest cement producer, said it will call a meeting with creditors to consider the revision of the company’s business rehabilitation plan in No
Russian domestic cement output
In Jan-Sep 2004 30.5Mt of cement was produced in Russia, up 12.2% against the same period 2003.
Grasim cement Sept despatches up
Grasim Industries has reported a year-on-year increase of 12.63 per cent in cement despatches for the month of September 2004, while its new group company UltraTech Cement has reported a 4.33 per cent
Cemex faces complaints over proposed RMC purchase
Cemex that last week made a UK£2.3bn bid to buy Britain’s RMC, is to face a complaint about the alleged anti-competitive nature of its business practices. Comercio para el Desarrollo Mexicano (CDM) wi
Grasim Industries Sept sales
Grasim Industries Ltd, India’s largest cement maker by capacity, sold 1.16Mt of cement in September, up 12.63 per cent on the year, according to a company statement. Production rose 6.35 percen
Swiss Sika to buy concrete additives business
Swiss specialty chemicals company Sika AG will buy the concrete additives business of Swedish Cementa AB for an undisclosed sum, Sika said on October 1, 2004. The unit generates 18 mln Swedish crowns
KHD builds solid foundations in China
Germany’s KHD Humboldt Wedag is to expand their mainland Chinese presence. KHD has done business in China for years but is now establishing a joint venture, which it will announce later this yea
One giant leap for Mexican cement
Why should Cemex offer US$4.1 billion for RMC? Indeed as much as US$5.8 billion if you add in RMC’s debt? True, Cemex is to borrow all that $5.8 billion—but that means more than doubling its ow
Cement makers cut output on building slump
Ssangyong Cement and other major South Korean cement makers have cut production as inventories pile up amid a slump in construction spending, company officials said on Friday. Ssangyong Cement Indust
Happiness is a cement factory
Pretoria Portland Cement Cement manufacturing giant PPC is challenging the perception that employee satisfaction is limited to the service industries. With the majority of its 3000 employees engaged
Vichai denies debt buy reports
Vichai Thongtaeng of Phayathai Hospital Group, said he has no plans to buy debt owed by Thai Petrochemical Industry Plc (TPI), Southeast Asia’s largest petrochemical maker, and that he is not a
CBC rejects TPIPL’s debt extention bid
The Central Bankruptcy Court yesterday rejected debt-ridden cement maker TPI Polene Plc’s request for an extension of its business rehabilitation timeframe by another year, requiring the company to re
AdBri shares are over Boral affair
Adelaide Brighton shareholders appear to have recovered from the abandonment of Boral’s $867 million takeover bid, notes the Sydney Morning Herald. Just three days after Boral said it faced too
Diamond Cement opening
President John Agyekum Kufuor on Tuesday inaugurated the 15-million Dollar Diamond Cement (Ghana) Limited (DCGL) at Aflao in the Ketu District of the Volta Region, Ghana. The Indian-owned clinker and
Conch ranked most competitive company in China
Shanghai-listed Conch Cement has been ranked first in competitiveness among listed companies in China in the first half of this year, according to a result of monitoring on competitiveness of China&rs
Cruz Azul to build US$300mn Puebla plant
Mexican cement maker Cementos Cruz Azul will start a 24-month construction project on a US$300m, 1Mta capacity cement plant in Puebla state municipality Palmar de Bravo, the state government announced