Holcim Liban’s 2011 profits down by 15.9%, Lebanon
Holcim Liban reported net profits of US$28.3m in 2011, down by 15.9 per cent from US$33.7m in 2010, the Daily Star reports. Sales reached US$195.6m last year, representing a 5....
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Saudi Arabia cement capacity seen reaching 66Mta by 2015
Saudi Arabia's cement production capacity is expected to reach over 66Mta by 2015 from 47Mt this year, a report from Al Rajhi Capital said. S audi Arabia’s development plan is...
Huaxin sales increase 30 per cent since Holcim investment, China
Holcim has said that its Holcim said that its joint venture Hubei Huaxin Cement has seen annual sales growth of 30 per cent since it invested in the company.??Holcim entered t...
Jaiprakash in talks to sell one Indian cement unit
Jaiprakash Associates is in talks to sell one of its cement units to UltraTech Cement, Bloomberg reports. The company is seeking a valuation of about INR40bn for the division a...
Bangladesh clinker imports to become more costly
While presenting his Budget Speech July 2012 to June 2013, Abul Maal Abdul Muhith, Minister for Finance, Government of Bangladesh has proposed that import duty on clinker to be...
US March shipments rise 11% YoY
Total shipments of Portland and blended cement in the United States and Puerto Rico for March 2012 were nearly 6Mt, data from the US Geological Survey showed. This was 11% high...
Siam considers Asean acquisitions
Siam Cement PCL is considering acquisitions in the Association of Southeast Asia Nations, with a focus on Vietnam and Indonesia, Chief Executive Kan Trakulhoon said Friday. ...
Latest UK construction new orders a 'worrying sign for housing'
The latest quarterly figures from the UK's Office of National Statistics (ONS) for construction new orders released Friday show that construction orders in 1Q12 were 3.6 per ce...
HSBC: China monetary easing should help stimulate demand
HSBC says Anhui Conch Cement's 1H12 profit warning suggests declining profitability for cement producers in 2Q, but the ongoing monetary easing should help to stimulate demand...
Brighter outlook for global markets?
A recent report by Morgan Stanley sees the global supply-demand balance turning positive, leading to improved pricing power which it expects will return globally next year. The...
Cemex supplies ready-mix concrete to Euro 2012 stadium, Poland
Cemex announced today that it has provided 50,000m3 of ready-mix concrete for a state-of-the-art soccer stadium that will host several games of the UEFA EURO2012 Poland-Ukraine...
Plans to resume new Philippine plant project
APC Group Inc, an energy and mining holding firm affiliated with Belle Corp, plans to resume a US$200m project in Cebu, Philippines, as the government’s public-private partners...
St Marys celebrates ISO 50001 achievement, Canada
Politicians and community leaders were on hand to celebrate St Marys Cement Inc’s Bowmanville Plant having received North America’s first International Organization for Standa...
Anhui Conch issues profit warning, China
Anhui Conch warned on Thursday that it expects net profit for the six months ending June to decrease "considerably" YoY because of weaker demand for cement. The company estim...
Aditya Birla to invest INR57.5bn in cement expansion, India
Indian conglomerate Aditya Birla group plans to invest about INR70bn (US$1.3bn) on setting up new facilities and expanding the capacity of existing units in the southern state ...
Deutsche Bank buys 20.54 mln shares in Shanshui Cement, China
Deutsche Bank AG acquired 20.54 million shares in China Shanshui Cement Group Ltd at HK$ 5.47/share and for a total of HK$112m on May 28th, sources reported, citing information...
Italcementi/Siberia Cement dispute heads to Supreme Arbitration Court, Russia
Italcementi, one of the world's largest makers of cement, expects to see its dispute with Russian cement maker Siberian Cement over a EUR 50mn forfeited commitment fee to go be...
FLSmidth secures Kalina power plant contract in UAE
The Directors of Wasabi Energy have announced that the company's Kalina Cycle licensee, FLSmidth has secured a contract to install its second Kalina Cycle power plant utilising...
High Court stops cement firms from making cement under ACC trade mark
The Delhi High Court has restrained three cement companies based in Uttar Pradesh and Punjab from producing or selling their product under the trade mark of leading cement manu...
Aditya Birla plans Karnataka cement plant, India
Aditya Birla group Chairman Kumar Mangalam Birla said the group is planning to set up a 4Mta cement plant in Karnataka plant at an investment of INR27.50bn. Mr Birla said he ex...
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