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Aveng on the prowl with Holcim cashAveng, South Africa’s biggest construction and engineering company, is considering a major acquisition, which would be funded from the proceeds of its R6.8 billion sale of its shareholding in Holc...News - 12 September 2007 |
South Africa builds slowly on cement salesCement sales in South Africa increased 10.4% year-on-year (YoY) in August 2007 according to Cement and Concrete Institute (CNCI) data. July recorded growth of 10.8% YoY. At the end of August 200...News - 12 September 2007 |
Yemen cement plant seeks 40,000t S.Africa coalA newly-built cement plant in Yemen is seeking 40,000-50,000t cargoes of South African coal for delivery into the port of Aden, a source close to the company said. The cement plant is due to b...News - 10 September 2007 |
Unstable cement prices hit buildersEscalating prices of cement could wipe away gains being made in the construction and estate industry. While the price of new homes has been on a downward trend following the reduction of Value Ad...News - 06 September 2007 |
Orascom continues to expandOrascom Construction Industries increased first half turnover by 46.5% to US$1,731.3m (E£9874.1m) and the EBITDA rose by 48.1 per cent to US$515.0m (E£2,937.5m), with the net profit advancing...News - 05 September 2007 |
Egypt’s OCI says H1 net pft up 46 per cent to $307mEgypt’s Orascom Construction Industries (OCI) reported a 46 per cent rise in its first-half net income on Monday to $307 million, helped by higher sales volumes. The Cairo-based group said i...News - 04 September 2007 |
South Africa cement shake-up loomsSouth Africa’s domestic cement market is facing its biggest shake-up since the break-up of the cartel between the three biggest producers in the early 1990s. This follows yesterday’s announcement...News - 31 August 2007 |
Orascom to invest in new South Africa cement plantOrascom Construction Industries (OCI) has announced the launch of Mafikeng Cement Company (MCC) in the North West Province of South Africa which will build and operate a state-of-the-art cement pl...News - 29 August 2007 |
Further margin improvement at HolcimHolcim increased its first half turnover by 19.5% to SFr13,002m (EUR7,977m) with the operating EBITDA improving by 22.3% to SFr3,324m (EUR2,039m). The trading profit rose by 24.8% to SFr2,423m ( ...News - 24 August 2007 |
FLS bullish on capacity growthFLSmidth has increased its estimate of the amount of new annual cement capacity that would be ordered in 2007, outside of China. It now expects it to be 125-150Mta, up from 100Mta previously. Its...News - 24 August 2007 |