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Binani Cement set to buy African firmBinani Cement is close to acquiring an African cement company for around US$100m. The company will be raising US$125m to fund the acquisition which is likely to be sealed by the end of current c...News - 24 June 2008 |
Cemex provides guidance for second quarter 2008Cemex announced today that it expects EBITDA for the quarter ending June 30, 2008 to be close to US$1.4bn, an increase of about 23% versus the same period last year, while operating income is expec...News - 17 June 2008 |
Pakistan: high PSDP to boost cement sector’s earningsCement sector profitability is expected to grow by 11 per cent in fiscal year 2008-09 with record Public Sector Development Programme (PSDP) of PKR541bn for fiscal year 2008-09, up four per cent fr...News - 04 June 2008 |
India’s Ultratech buys S.Africa coal at $170/T CIF-sellerIndian cement maker Ultratech bought a parcel of South African coal ex-stocks at an Indian port for US$170/t CIF and is seeking more, the seller, an Indian trader, said. Ultratech and other Indian...News - 02 June 2008 |
Moody’s assigns a Baa1 rating to HolcimMoody’s Investors Service has today assigned a Baa1 issuer and senior unsecured long-term debt rating to Holcim Ltd and the guaranteed issuers under the European Medium Term Note Programme. The ...News - 30 May 2008 |
Cimpor suffers sharp drop in Spanish profitsCimpor said first-quarter net profit to March decreased 14 per cent to EUR57.6m compared with the first quarter of 2007. In a statement, the cement maker said EBITDA came in at EUR134.3m, down 4....News - 29 May 2008 |
Cimpor Q1 seen weak as Iberian operations weigh; Brazil strongCimpor is expected to post a weak set of first-quarter results to March on Wednesday, pressured by lower revenues and margins at its Iberian operations, while its Brazilian operation is expected ...News - 27 May 2008 |
Taiwan Cement to raise export prices 9-12%Taiwan Cement Corp will raise prices on exports to the Middle East, Africa and the Americas by 9-12 per cent from June 2008, the Commercial Times reported. Senior vice president Edward Huang sai...News - 23 May 2008 |
Twiga to spend $100m to expand its Dar plantTanzania Portland Cement Company Ltd (TPCC) is to invest US$100m in an expansion of its Dar es Salaam plant that will increase its capacity by 90 per cent. Klaus Hvassing, the company’s managing ...News - 19 May 2008 |
Cost of South African cement set to increaseCement prices are set to rise significantly again from July, although one of the major local producers is resisting the industry pricing trend. Pretoria Portland Cement (PPC) and NPC-Cimpor conf...News - 12 May 2008 |