China United Cement seeks acquisition loan
State-owned China United Cement Group Corp is seeking a CNY798m three-year loan for the acquisition of Daewoo Cement (Shandong) Co Ltd, a subsidiary of Daewoo International Cor...
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Dyckerhoff advances in Poland, the Ukraine and Russia
Preliminary figures from the Buzzi Unicem subsidiary Dyckerhoff show a 13.2 per cent increase in turnover to €1600m in 2010. Of this, 38 per cent was generated in Germany, 37 ...
Cemex Espana increases offer for Readymix, Ireland
The Spanish unit of Cemex has increased its takeover bid for Readymix of Ireland by 13.6 per cent from EUR0.22/share to EUR0.25/share, the target company said in a statement on...
Increased power tariffs result in cement price hikes, Tanzania
A recent rise in power tariffs by over 40 per cent has resulted in the price of Tanzanian building materials starting to also increase. A spot survey by local newspaper, ‘Da...
UltraTech Cement to take control of Star Cement?
UltraTech Cement is looking to purchase its partner’s stake in Star Cement to take full control of the Dubai-based cement producer, sources familiar with the deal have said, ad...
India Cement’s quarterly advance, outlook cautious
India Cements saw its profit more than double in 3QFY11-12 to INR56.31m crore (US$11.5m) helped by an accounting change and a revival in demand in the key Andhra Pradesh market...
Chettinad Cement to enter Karnataka this year, India
Chettinad Cement will commission a 2.5Mta cement plant in North Karnataka in the current year and has finalised plans to expand into Andhra Pradesh, Business Line of India repo...
Italcementi hit by lower Egyptian volumes and prices
Italcementi's full year 2011 results have been impacted by its Egyptian operations which saw lower volumes and prices as the outlook for region remains uncertain. Italcementi...
Vicat sees generally favourable environments
Vicat’s turnover increased by 12.5% last year to €2265.5m, which represents an underlying improvement of 9.6%. The turnover in cement improved by 10.1% to €1137.6m and aggrega...
Saudi Cement in talks to sell extra clinker supplies
Saudi Cement has said that due to the rising demand for cement in the Kingdom, it has started negotiating with a number of local producers for the sale of excess quantities of ...
Siam City Cement 2012 growth forecast
Siam City Cement Co (SCCC), Thailand’s second largest cement producer, posted 4Q11 net profit of THB252m, down 55.3 per cent YoY and 70.9 per cent QoQ. The decline is attribute...
India Cements expected to see rise in sales and net profit
India Cements is expected to post net sales of around INR9.92bn compared to INR7.18bn a year ago due to higher sales and improved realisations. However, analysts are divided ...
Derba MIDROC Cement inaugurated, Ethiopia
Derba MIDROC Cement Plc, Ethiopia’s biggest cement factory, was inaugurated on Sunday in the presence of Ethiopia’s Prime Minister Meles Zenawi and other invited guests. The U...
Shree Digvijay Cement Company appoints director, India
Shree Digvijay Cement Company has appointed Luis Miguel Da Ponte Alves Fernandes, Antonio Carlos Custodio Do Morais Varela, as additional directors of the company with effect f...
Birla Corp to replace coal with CBM at Durgapur unit, India
India's Birla Corp said Friday that the company will use coal bed methane gas rather than coal for its Durgapur plant in the state of West Bengal. India Energy News reported t...
Cemex 2011 turnover improves but net loss increases
Cemex’ turnover improved by 7.6% in 2011 to US$15,139.2m, but the EBITDA was just 0.8% ahead at US$2331.9m. The trading profit, however, advanced by 12.2% to US$960.2m, compare...
US November shipments up 5%
Total shipments of Portland and blended cement in the United States and Puerto Rico for November 2011 were 6.2Mt, data from the US Geological Survey showed. This was 5% higher ...
Readymix considers Cemex Espana offer
A sub-committee of the board of Readymix is considering Cemex’s EUR9.5m offer to by the outstanding 40 per cent of the company it does not own via its Spanish subsidiary. Th...
Votorantim Cimentos sells 30-year bonds, Brazil
Votorantim Cimentos of Brazil completed a US$500m sale in the US credit markets Thursday, according to a person familiar with the issue. The 30-year bond deal was a reopening ...
Eagle's results hit by negative arbitration award
Including its share of the jointly-owned Texas Lehigh Cement, Eagle Materials turnover for the first nine months to 31 December, rose 4.7% to US$442.7m. Trading profit, before ...
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