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Holcim comfortably ahead after nine months

Holcim increased turnover by 6.6% to Sw.Fr.10,017m (€6,463m) in the first nine months of 2004, an increase of 6.6%.  The operating profit at the EBITDA level advanced by 15.3% to Sw.Fr.2,792m (€1,...
News - 08 November 2004

Energy costs too high, says Bamburi CEO

Bamburi Cement managing director, Didier Tresarrieu, said yesterday that for local industries to compete effectively with imports from the Comesa, energy costs need to come down.  Mr Tresarrieu sa...
News - 26 October 2004

Lafarge 9-month sales up 5.7 per cent, keeps outlook

Lafarge reported a 5.7 per cent rise in 9-month sales on Thursday, thanks to higher cement prices in the United States and Europe, and reiterated its guidance for the full year. The company said i...
News - 21 October 2004

Ghana and the IFC

Ghana is conspicuously missing from the scheme of activities of the International Finance Corporation (IFC), a member of the World Bank Group (notes a local news report). Since 2002, IFC, which de...
News - 14 October 2004

ARM to Buy Firm in Zambia

Athi River Mining (ARM), has announced plans to buy a multi-million lime manufacturing business in Zambia.  The firm has also announced an Sh860 million-expansion plan to boost its production capa...
News - 06 October 2004

PPC scores all-time peak

A slightly weaker rand and strong confidence in South Africa’s economy helped push stocks higher on Tuesday, with cement producer PPC surging to an all-time peak. Investors have voted with their wa...
News - 06 October 2004

Inflation piles pressure on retail cement price

Kenyan Cement producers are under renewed pressure to increase retail prices as the cost of inputs continue to rise. Market leader, Bamburi Cement, yesterday indicated that although it had no imme...
News - 06 October 2004

Cimpor aims to invest EUR100m in South Africa

Cimpor aims to invest nearly EUR100m in its South African factory by 2007, director Luis Sequeira Martins has said.  Cimpor wants to boost its production capacity at its factory in Natal eastern S...
News - 30 September 2004

Aveng calls for more spend

Aveng, South Africa, calls for more spend on infrastructure Trade and Industry Editor SA’s infrastructure is starting to creak, with government not yet spending enough to arrest the deterioration,...
News - 15 September 2004

Cimpor first half profits fall in the regions

Cimpor’s turnover for the first six months of the year moved ahead by 3.7% to €678.4m while the operating profit at the EBITDA level fell by 7.5% to €228.8m.  The decline in the trading profit was...
News - 15 September 2004