Indonesia: Indocement cuts production by 1Mt
PT Indocement Tunggal TBK will cease operations at two production lines at its Citeureup plant due to the national cement excess, resulting in a 1Mta drop in output levels.
Australia
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Adelaide Brighton sees potential in US$2bn acquisition
Adelaide Brighton Group says it has carried out detailed work on a potential US$2bn acquisition of the Australia and New Zealand operations of LafargeHolcim, including a plan t...
Indonesia: Semen Indonesia looks to international markets
Amid prospects of disappointing revenue growth in the domestic market, Semen Indonesia is looking offshore to expand its sales figures. Newly appointed head of PT Semen Indonesi...
Australia: competition body seeks higher Cement Australia fine
The Australian Competition and Consumer Commission (ACCC) has appealed against a court ruling imposing fines of AUD18.6m (US$14m) on Cement Australia, one fifth of the level the...
Australia: Adelaide Brighton sales boost
Adelaide Brighton expects improved sales in several of its key products largely due to demand from east coast markets. Martin Brydon, Adelaide Brighton chief executive, said at ...
Semen Indonesia to invest US$2.2bn over next five years
Semen Indonesia President Director, Rizkan Chandra, has announced that his company is to invest IDR30tn (US$2.2bn) over the next five years. The funding will be split between ex...
Australian cement companies fined AUD18.62m
After the Australian Competition and Consumer Commission (ACCC) brought the proceedings against four Australian cement manufacturers in 2008, the Federal Court has finally order...
LafargeHolcim’s US$3bn spin-off in the making?
LafargeHolcim is reported to have chosen Citi and JP Morgan to explore the sale of its US$3bn Australasian operations, according to the Business Spectator.
FCT named in the top 100 South Australian companies
FCT has announced that it has been named by Australian InDaily SA Business Index in the top 100 South Australian companies. “With their bursts of hot, red flames pumping out at ...
LH says its Australian and New Zealand operations are not up for sale
LafargeHolcim said its Australian and New Zealand operations are not currently on the sale block, according to Bloomberg reports following press speculation at the end of last w...