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Portland Holdings Limited on verge of shutdown

Portland Holdings Limited (PHL), a subsidiary of  Pretoria Portland Cement (PPC), could shut down due to lack of raw materials. The company does not also have the foreign currency to import spares...
News - 22 October 2007

Competition watchdog to turn spotlight on construction sector, South Africa

The competition commission will assess anti-competitive behaviour in specific construction markets and possibly launch a formal investigation into the sector.     This emerged at a competition co...
News - 19 October 2007

Competition watchdog to turn spotlight on construction sector, South Africa

The competition commission will assess anti-competitive behaviour in specific construction markets and possibly launch a formal investigation into the sector.     This emerged at a competition co...
News - 19 October 2007

India’s Grasim, Dalmia, Ambuja say seek S.Africa coal

Indian cement makers have re-entered the coal market in force seeking South African cargoes for delivery between November and the end of Q1.     Grasim , Dalmia and Gujarat Ambuja said they are s...
News - 18 October 2007

Bamburi predicts cement price cuts in next three years

Developers of commercial, industrial and residential houses in Kenya are likely to benefit from substantial cement price reduction in the next three years, going by predictions from a leading prod...
News - 10 October 2007

Turk cement firms to import 30% more coal by 2009

Turkey’s cement producers will import 30 per cent more coal by the end of next year compared with 2006, the chief coal purchaser for Turkey at concrete maker Cimpor Yibitas said.    Turkey is the...
News - 26 September 2007

South Africa forecast

Estimates are that southern Africa will need about 24Mt of cement a year by 2014. Question is whether local cement industry can deliver.     Projected demand derives from the average economic for...
News - 21 September 2007

Orascom Construction lifts Egypt’s Hermes index

Orascom Construction Industries jumped to a record intraday high on Monday helped by institutional buying, lifting Egypt’s Hermes index to a fresh closing high. OCI gained 0.66 percent to end at ...
News - 18 September 2007

CEMEX Provides Guidance for the Third Quarter of 2007

CEMEX, S.A.B. de C.V. announced today that it expects EBITDA for the quarter ending September 30, 2007 to be about US$1,350 million, an increase of about 22% versus the same period last year, whil...
News - 17 September 2007

Holcim South Africa buyout debt to be led by two sources

Citi and  JPMorgan have been mandated to arrange the debt supporting the recent buyout of South Africa-based cement company Holcim South Africa, two people familiar with the situation said Wednesd...
News - 13 September 2007