BankMuscat signs OMRO. 26m loan agreement with Oman Cement Co
BankMuscat signed an agreement with Oman Cement Company (OCC) for term loans totalling OMRO. 26m, which aims at refinancing and modernising OCC plants.
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Thai Siam Cement halts several plants after floods
Siam Cement PCL, Thailand’s largest industrial conglomerate by sales, expects the sales volume of its building material products in the fourth quarter to be hurt by the se...
Suez Cement to invest €140m in a 120 MW Egyptian wind farm
Suez Cement (part of the Italcementi Group) plans to invest €140m (US$191m) in a 120MW Egyptian wind farm that plans to start operations by the end of 2013.
Dumping levy slapped on Chinese cement
The Ministry of Finance yesterday announced it would levy stiff anti-dumping duties on cement and cement clinker imports from China, citing damage to the local cement sector.
India: main cement makers prepared for coal shortage
Large Indian cement companies will not be too badly affected by the coal shortage in the country.
Saudi Al Jouf Cement’s net profit almost triples
Saudi Arabia’s Al Jouf Cement Co said its third-quarter net profit surged to SAR14.4m (US$3.8m), compared with SAR5m a year earlier, on higher sales and output.
Vietnam: Vicem posts loss of VND220bn in Jan-Sept
The state-run Vietnam Cement Industry Corporation (Vicem) posted a loss of VND220bn (US$10.63 m) in the first nine months of this year though its cement sales rose 6% from a yea...
Mexico: Cemex waits settlement for cement assets nationalised in Venezuela
The Venezuelan government expects to ink in an agreement with Cemex, in the next weeks, whose Venezuelan assets were nationalised in 2008.
Colacem to build 3000tpd plant in Canada
Colacem Canada plans to invest nearly CAD225m (US$221m) in a 3000tpd cement plant along Highway 17, Champlain, Quebec.
Namibia: cement sector wants protection
Ohorongo Cement is reportedly planning to approach the government for infant industry protection status, as the cement market becomes more competitive.
Tanzania: prices stabilise as cement comes back online
Cement supply and prices at the retail market in the city have stabilised after a major producer resumed full production.
Nigeria: Lafarge Cement WAPCO raises NGN11.8bn bond successfully
Lafarge Cement WAPCO Nigeria plc has successfully raised a total sum of NGN11.8bn (US$113m) bond at a fixed interest rate of 11.5 per cent, in an issuance completed under the co...
India: new lease of life for Hundung cement plant
The previously closed public sector enterprise Hundung Cement Factory will soon receive a new lease of life, as the State Government has agreed to lease it out to a private firm.
UK: "construction needed to stimulate economic growth," says CPA chairman
Addressing an audience at the House of Commons, Bill Bolsover, the chairman of the Construction Products Association (CPA), identified the construction industry as a key driver ...
Zimbabwe: cement price hike short lived
A temporary shortage of cement following a fault at the country’s largest cement factory gave some shopkeepers who had stocks the opportunity to raise cement prices and pu...
US shipments edge up in July
Total shipments of portland and blended cement in the United States and Puerto Rico for July 2011 were 6.8Mt...
Spanish demand sees 46 consecutive month of decline
Spanish cement consumption in September was 1.7Mt, down 19.8 per cent over the same month last year. This is the 46th consecutive month of decline a
Holcim places order for world’s largest vertical roller mill
Spain-based EPC specialist, Cemengal announced that it has received an order from Holcim Brasil to
Industry appointment - Ciments Calcia appoints new head
Jean-Yves Le Dreff has been appointed Managing Director of Ciments Calcia, a French subsidiary of the
Birla Corporation takes steps to restart Chanderia unit, India
Following an order by the High Court ordering the Birla Corporation to suspend limestone mining at the
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