Cement News tagged: International
China cement industry to raise prices
China’s cement industry plans to lift prices for the fourth time in the October to December period, 2008 as a result of eliminating 600Mt
Taiwan’s Asia Cement plans HK$400m in China acquisitions
Asia Cement Corp is ready to invest some HK$400m to acquire cement companies based in China
Buzzi Unicem expands in Texas
Alamo Cement Company, a wholly owned subsidiary of Buzzi Unicem, is in the process of acquiring a 50% stake in Dorsett Bros. Concrete Supply of Houston, Texas.
Lafarge Malayan Cement reports 13.2% lift in pre-tax profit
Lafarge Malayan Cement Berhad on Thursday reported first quarter pre-tax profit of RM66.293 million (US$20.7 m), an increase of 13.2 per cent YoY thanks to higher domestic sales.
Indocement Prepares IDR6.71trn for expansion
PT Indocement Tunggal Prakarsa Tbk is going to spend US$608m-US$730m or IDR5.59 trillion-
Adelaide Brighton forecasts profit growth of 9.7 per cent
Adelaide Brighton Ltd has forecast full year profit growth of nearly 10 per cent as infrastructure and engineering projects spur demand for construction materials.
Cementir’s weak first quarter
Cementir’s first quarter turnover increased by 3.2% to EUR245.1m in 2007. Harsher weather conditions, particularly in Scandinavia
Lafarge buys leading Indian concrete producer
Lafarge is paying EUR226m to acquire L&T Concrete from the Indian engineering group Larsen & Toubro.
UK: Cemex makes recycling pallet-able
Cemex UK has launched its first UK pallet collection system within the cement industry.
Ukraine cement production up 9.1% in April
Ukrainian cement production rose by 9.1% in April 2008, compared with April 2007 to 1.5Mt,
Chidambaram warns cement industry again, India
Union Finance Minister P. Chidambaram has warned the cement industry again of serious “administrative measures” if it did not cooperate in checking inflation.
Taiheiyo forecasts JPY2.5b 1H net loss next year
Taiheiyo Cement Corp forecast a half-year net loss of JPY2.5bn for next year, after decreasing net profit 16.1% to JPY20.5bn for the year to March 31, 2008.
Lafarge acquires 35 per cent stake in Algerian cement maker ERCC
Lafarge has acquired a 35 per cent stake in Algerian cement company ERCC, according to
Titan Cement eyeing expansion in Balkans, Russia
Greece’s Titan Cement Co. SA is looking to expand in the Balkans and Russia, Greek financial daily Imerisia reports Tuesday.
Vietnam: tax exemption sought for clinker imports
The Vietnam Ministry of Construction has proposed the Ministry of Finance to consider cutting tax on clinker imports from ASEAN and non-ASEAN countries to 0%,
Asia Cement: no major impact to Sichuan operations
Chinese cement maker Asia Cement (China) Holdings Corp said late Tuesday its plants in Sichuan were not seriously affected