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Dry bulk stability despite rate falls

While most rates had taken a southbound direction by mid week, pessimism does not seem to have spread out as far as t...

Cimpor Jan-Sept 2005 net profit seen at EUR193m

Cimpor - Cimentos de Portugal is expected to post a January to September 2005 net profit of EUR 193m (US$226.3m), acc...

Semen Cibinong plans debt buyback program of up to US$20m

Cement maker PT Semen Cibinong said it is allocating some 10 mln usd from its internal cash flow, with an option to r...

Kryvyi Rih Cement To Absorb Dniprotsement

One of the five biggest producers of cement, the Kryvyi Rih Cement company (Dnipropetrovsk region), intends to incorp...

Wage bills, power costs, shake up cement manufacturers

Operating profit margins (OPM) of cement units in India have taken a hit with rising energy costs and wage bills. Inc...

Russian court upholds antitrust body’s ruling to fine Eurocement

Moscow Arbitration Court has upheld the ruling of Russia’s Federal Antimonopoly Service, or FAS, to fine Russian ceme...

CAF approves US$400mn loan to Votorantim

The Andean Development Corporation (CAF) has approved a long-term corporate loan of US$400mn to Brazilian industrial ...

Saudi Yamama cement launches new cement mill

Saudi cement producer Yamama Cement Company (YCC) said on November 19, 2005 it had put into operation an additional c...

Saudi El-Maimani Group plans US$200m cement plant in Egyptian Safaga

Saudi Arabia’s diversified El-Maimani Group plans to build a cement plant in Egypt’s Red Sea port of Safa...

Italcementi to make investments in Turkey

Carlo Pesenti, the CEO of Italcementi Group which is the world’s fifth biggest cement producer, said on Tuesday...