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Pakistan cement industry pin hopes on MFN status to India

Pakistan and India are likely to discuss the issue of Most Favoured Nation (MFN) during a visit this week by an Indi...

Sharjah Cement 3Q net profit rises due to lower costs

Sharjah Cement says its third quarter net profit rose AED6.7m (US$1.8m) from a loss of AED4.4m in the same period la...

Morgan Stanley lifts Lafarge price target

Morgan Stanley has lifted the share price target of Lafarge from EUR36 to EUR42 and assigned an ‘equal-weight’ recom...

Morgan Stanley raises Japanese cement sector rating

Morgan Stanley MUFJ Securities has set the Japanese cement sector’s rating to “attractive” – the highest ranking on ...

JK Lakshmi Cement board OKs buyback of shares, India

JK Lakshmi Cement said its board of directors has approved the buyback offer of 13.5m equity shares at a price not e...

Venezuela cement prices rise 13.4%

In January the prices of construction materials in Venezuela increased 2.5 per cent largely as a result from a rise ...

Akcansa and Cimsa seek acquisitions

Two of Turkey’s leading cement producers, Akcansa Cimento and Cimsa, plan two separate overseas acquisitions this ye...

New contract from Cimento Itambé, Brazil

Cimento Itambé has awarded Aumund do Brasil and Schade Lagertechnik GmbH a contract for the rebuilding of a limeston...

RAK Cement posts third consecutive quarterly loss, UAE

Ras Al Khaimah Cement Company, based in the UAE, has issued its preliminary results for 4Q11, posting its third cons...

China United Cement seeks acquisition loan

State-owned China United Cement Group Corp is seeking a CNY798m three-year loan for the acquisition of Daewoo Cement...

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