Cement News tagged: International
Siam Cement expands retail outlets
Siam Cement Marketing plans to open 150 new branches this year. This year Siam Cement Marketing plans to open 30 new Siam Cement Home Mart Max branches, up from 20 at present. The stores will speciali
Cement demand in Spain rises
Cement demand in Spain reached 3.4Mt in January 2004, up 1.64 per cent year-on-year, Spanish Cement Makers Association Oficemen said on February 12, 2004. Spanish cement makers produced 3.12Mt of cem
Siam City Cement’s 2003 results
Thailand’s second biggest cement maker, Siam City Cement, reported lower fourth-quarter profits on Friday as expected after a stronger baht and higher shipping fees ate into exports. But the com
Taiwan Cement group plans M&As
Taiwan Cement group will adopt an aggressive mergers and acquisitions strategy and will invest 8-10 bln yuan in five years in China to boost its cement capacity, the Commercial Times quoted Taiwan Cem
TJCC to Set Up Joint Venture in Liaoning
Tangshan Jidong Cement Co., Ltd., TJCC , announced on February 8 that the company intended to inject investment in Chengxing Cement Company, a subsidiary of Liaoning Liaodong Cement Group, and will be
Chinfon plans extra investment of US$160m
Vietnamese-Taiwanese cement joint venture Chinfon Haiphong has proposed increasing its investment capital by US$160m to build a second line to double its output capacity. The Ministry of Planning and
Govt tries to stop Cemex exit
The government said it will try to prevent Mexican-based cement giant Cemex SA from leaving the country by offering a settlement to resolve a protracted dispute over the company’s investment in
Bombay stock prices
In the limelight again was cement with cement stocks having a smart rally on news that domestic cement prices may be raised. Grasim zoomed by 4.27 per cent to Rs1154.75; ACC appreciated 3.9 per cent t
RMC - no surprises say Merrill Lynch
Post the trading statement in December, there should be few surprises in 2003, says analysts at Merrill Lynch, although the precise timing of the Adelaide Brighton sales, inter-co debt repayments coul
Palastinian cement sales to Israel?
An inquiry has opened into allegations that Palestinian companies have been supplying cement to make the concrete slabs that form the contentious separation barrier in the West Bank. A Palestinian pa
Morocco cement sector gains strength
Moroccan cement firms are set to publish some of their best results ever due to the government’s drive to build housing for the poor and develop the country’s infrastructure, traders and a
Iranian cement industry set to be privatised
According to "Tehran Times", all governmental cement production units are to be completely privatized by the end of the Third FiveYear National Economic Development Plan on March 20, 2005. In 2000, so
Reconstruction of Hrazdan cement plant
This year owners (Mika Ltd) is starting the reconstruction of the Hrazdan Cement Plant in Armenia, reports the company’s president Mikhail Bagdassarov. The company will purchase additional equi
SCCC expects strong 4Q
Siam City Cement Co is expected to post strong 4Q03 results thanks to the firm cement price and QoQ improvement in cement demand. Outlook for 2004 appears bright with cement demand remaining strong an
Boral looks to US acquisitions
Building materials group Boral has flagged the possibility of a future capital raising, after declaring that its short-term acquisition plans did not stop with its planned A$867 million takeover of Ad
South African cement sales rise
South African cement volumes rose by 6.3 per cent y/y in January 2004 to 607,335t after increasing by 13.9 per cent y/y in December 2003 to 671,525t, data released by the Cement & Concrete Institute (