Al Jouf Cement secures loan for expansion, Saudi Arabia
Saudi Arabian cement producer, Al Jouf Cement, said it has signed and agreement with Saudi British Bank (SABB) for a SAR350m (US$93.3m) five-year Islamic facility. The finan...
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UK: calls for public sector construction kick-start
The latest UK construction figures from the Office of National Statistics (ONS), released on Friday, show that domestic output continued to fall in January as concerns mount ov...
Cemex agrees to pay Mexican tax dispute
Cemex has lost a dispute with the Mexican government over money owed on proceeds from foreign subsidiaries, resulting in the cement producer now paying a fine of at least US$36...
Holcim proposes new member of the board of directors
Holcim's Board of Directors proposes to the Annual General Meeting (scheduled 17 April 2012) that Prof Dr Ing Wolfgang Reitzle be elected to the Board. Wolfgang Reitzle, 63,...
Saudi monthly production rises 13%
Cement production in Saudi Arabia rose by double digits in February 2012. Output increased 13 per cent to 4.4Mt, according to data posted by local manufacturer Yamamah Cement C...
Siam Cement steps up ASEAN investments
Siam Cement Group (SCG), Thailand's largest industrial conglomerate by revenue, is stepping up its plans to build on its cement and building materials activities in Southeast A...
Lafarge Maroc reports slight decline in net profit, Morocco
Lafarge Maroc has reported a slight decline in net profit for 2011 while operating profit also fell due to escalating input costs and stagnating cement prices. The company s...
FLSmidth to tap market for air pollution control equipment in China
FLSmidth has achieved authority approval of its first acquisition in China. Together with a minority shareholder, FLSmidth has started a company to market and sell air pollutio...
Vassilikos strike continues, Cyprus
Striking cement factory workers yesterday moved their protest to Nicosia, picketing the Hellenic Mining Company, one of the main shareholders of Vassilikos Cement, according to...
Cementir boosts trading profit by 61%
Cementir Holding increased turnover by 10.8% to €933m and the EBITDA advanced by 14% to €124.2m. With depreciation and impairment provisions being just 1.8% higher at €88m, the...
Buzzi Unicem appoints new director, Italy
The Board of Directors of Buzzi Unicem appointed Prof. Ester Faia as independent director, to replace Prof. Elsa Fornero who resigned in November 2011 to take up office as the ...
Pakistan cement sales up 7%
Pakistan cement sales rose seven per cent for the first eight months of the current fiscal (July 2011-June 2012) while exports declined by six per cent in the period, data from...
Cimpor considers expanding Dondo plant, Mozambique
Cimpor is studying the option of expanding its Dondo grinding facility in Mozambique with a new clinker plant. “We are carrying out feasibility studies to set up a clinker p...
Competition Commission settles with Lafarge, South Africa
South Africa’s Competition Commission has reached a settlement with Lafarge for being part of cement cartel. Lafarge is to pay an administrative penalty of ZAR149m, or six p...
Strong gains in South African cement sales
Latest data by the South Africa Cement and Concrete Institute shows that domestic sales for the first two months of the year have registered a double-digit increase. For Jan...
S&P: Votorantim Industrial rated 'BBB', outlook stable
Standard & Poor's (S&P) Ratings Services assigned a 'BBB' global-scale and 'brAAA' national-scale corporate credit ratings on Votorantim Industrial S.A. (VID). The outlook is s...
Semen Tonasa announces eastern packing projects, Indonesia
Indonesian cement producer, Semen Tonasa, a Semen Gresik subsidiary, is to construct cement packing plants in all provinces in eastern Indonesia. The company said it would n...
Henan Tongli Cement net profit surges, China
Henan Tongli Cement, a cement producer based in the Henan Province of China, announced a net profit of CNY240.74m (US$38.1m) for 2011 which represents an 87.35 per cent YoY inc...
Semen Dwima Agung to be incorporated into parent company, Indonesia
PT Semen Dwima Agung will be incorporated into parent company PT Holcim Indonesia in a moved aimed at reducing production costs, reports the Jakarta Post. According to the f...
Tanzania: calls for uniform prices nationwide
Tanzanian cement producers are being urged to open their own depots in remote areas to bring down retail prices. Dr Cyril Chami, Minister for Industry, Trade and Marketing, sai...
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