Cement News tagged: International
Circem sees cement decline
Zimbabwe: Circle Cement Limited (Circem) has experienced a decline in demand for cement in the local market due to harsh economic conditions prevailing in the country, The Financial Gazette establishe
Italcementi’s Ciments Francais says ’moment to invest’ in China is approaching.
Italcementi SpA unit Ciments Francais said it is stilltargeting emerging markets, with particular attention being paid to China where the company may soon start investing.
Cementos Lima profits dip despite strong sales
Peruvian cement producer Cementos Lima has reported net profit of 91.3m soles in 2003 down 4.8 per cent from the 95.9m soles in 2002.
Holcim Apasco accepts share offer El Economista
The board of Holcim Apasco has approved the public share offer made by Holcim Investments, after considering that it safeguards the interests of minority shareholders and is within the parameters esta
Tail wags for Chihuahua in first 9 months
Mexican cement company Grupo Cementos Chihuahua (GCC) reported a 19.4 per cent increase in net profits for the first nine months of 2003 to 524mn pesos (US$48m) compared to the same period in 2002, th
Albanian Govt To Close Down Polluting Elbasan Plants
The Albanian Government will close down three industrial plants in Elbasan, central Albania, if equipment and filters for preventing environmental pollution is not installed at the plants in the near
Turkish authorities seize Rumeli assets
The Turkish Savings & Deposits Insurance Fund has seized 219 companies belonging to the Uzan family in order to try and recover debts of in excess of US$5,500m. The Turkish judicial authorities are s
Taiwan to invest 10bn yuan in mainland China
Taiwan Cement Corp (TW 1101) plans to invest 10bn yuan in mainland China over the next five years for production expansion and acquisitions, company president Leslie Koo said.
Cement-makers want Indian firm
The BK Birla group is close to finalising a deal to sell its 1.5Mt cement company in India, Mangalam Cement Ltd.
ACC To Raise $100m For Expansion
ACC, India’s second largest cement maker, is likely to raise US$100m to fund a modernisation and expansion plan, reports the Financial Express.
Omani cement price increases 50 per cent
The price of cement in Oman has recently increased by 50 per cent, officials said. The price has been deliberately hiked by local traders of cement and building materials, although the demand on the m
St Lawrence Cement Acquires a Sand and Gravel Operation in Ontario.
St. Lawrence Cement has acquired a a sand and gravel operation in Southwestern Ontario. This acquisition will secure proven reserves of approximately 50Mt.
Turkish Adana Cimento Exports to Iraq at US$5.7m 2003
Turkish cement manufacturer and retailer Adana Cimento in Adana, southern Turkey, exported 160,000t of
Dangote Spurs Demand for BCC Shares
Investors have started responding to the on-going restructuring in Benue Cement Company PLC, with increased demanded for shares of the cement manufacturing company.
Thai firm looks at Mangalam cement plant in India
Ailing Indian firm Mangalam Cement Ltd says a Bangkok-based merchant bank has visited its plant last week, boosting its shares by 10 per cent on talk of a looming buyout in a sector ripe for consolida
Privatisation Commission suspends Thatta Cement sale process
The Privatisation Commission has suspended the process of sale of Thatta Cement Company Limited (TCCL) to Al-Abbas Group as the highest bidder has challenged it before the Sindh High Court, a commissi