Cement News tagged: International
Cimpor to invest in Morocco
Portuguese cement group Cimpor announced on February 4, 2004 its plans to invest 27.6 mln euro (US$33.5m) in Morocco by 2005.
Hawaii Cement Workers Prepare To Strike
Just when it seemed hard times were over for Hawaii’s construction industry, it faces a crippling strike. The Teamsters Union said it will strike Oahu’s two cement/concrete companies if ne
China warns of over-investment
The Chinese government has reiterated warnings about the risks of overinvestment in steel, aluminum and cement industries and ordered local authorities to report ongoing construction projects to the S
SCCCs Cambodian move
Siam City Cement Plc (SCCC) last week signed an agreement with its Cambodian partner to establish cement dispatching and packaging facilities, making it among the first local companies returning to Ca
State to Curtail Chilanga Monopoly
The Zambian government intends to break the monopoly enjoyed by Chilanga Cement Plc with a view of stabilising the escalating price of cement. Commerce, Trade and Industry minister Dipak Patel announ
Croatian Unit of Holcim at 750,000t in 2003
The cement output of Croatian cement maker Holcim Hrvatska d.o.o, stood at some 750,000t in 2003. Holcim Hrvatska exported some 200,000t of its cement output, mainly to Italy. The company also produ
Lucky Cement
Lucky Cement, Pakistan, is expected to announce its first-half FY04 results in next couple of weeks as the stock market has been reacting positively for the last few days in anticipation of good cemen
Gujarat Ambuja Cement looks at buy-back
Gujarat Ambuja Cements is considering exercising its call option for buying back nearly US$80m of its outstanding foreign currency convertible bonds (FCCBs). The company plans to repay bondholders in
India cements prunes Q3 losses
India Cements Ltd has incurred a net loss of Rs37.24 crore on income of Rs285.30 crore during Oct-Dec 2003. The company had incurred a net loss
’No Agenda’ Behind Rebranding of Alpha
ALPHA, one of SA’s three largest cement producers, says its R29m rebranding exercise is not indicative of intentions by its largest shareholder to up its stake in the South African company. Swis
Iran’s annual cement output at 30Mt
Iran’s annual cement output currently stands at 30Mt, the country’s Industry and Mines Minister Eshaq Jahangiri has announced. Private investors have also submitted projects for the produ
Romanian Holcim improves
Romania cement maker Holcim says 2003 turnover 13 per cent higher Romanian cement maker Holcim said its 2003 turnover had risen by 13 per cent year-on-year to Euro100m due to investments in quality,
For he is an Englishman!
Holcim’s Board of Directors of Holcim Ltd has passed a resolution to appoint Tom Clough to the Executive Committee. Tom Clough is currently CEO of the Indonesian Group company. He will take over
Ciments Français: 2003 Consolidated Sales
2003 consolidated sales amounts to Euro2898.9m, down 1.1 per cent compared with figures for 2002, but up +3.4 per cent on a like-for-like basisand at constant exchange rates.
Italcementi sells 45.6Mt of cement in 2003
The Italcementi group generated a turnover of €4285m last year, an underlying improvement of 3.6% and up by a marginal 0.5% in absolute terms. The European Union accounted for 71.9% of the total, or
Buzzi Unicem raises Dyckerhoff stake
Following Buzzi Unicem taking its voting stake in Dyckerhoff to 50.07% and thus majority control last month, both Holcim and Schwenk have now exercised their put options and sold their remaining inter