South Africa: construction costs threaten industry
The price gap between an existing and new house is at a new record level and it is now 33.8% cheaper to buy an existing house than to build a new house.
Cement industry news
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Far Eastern Group to buy cement suppliers in China expansion
Taiwan’s Far Eastern Group is considering the purchase of up to three cement companies in China as it expands into the retailing, materials and chemicals industries in th...
Nigeria: Government may revoke Edo Cement Co sale
There are indications that Edo State Government may revoke the sale of Edo Cement factory, Okpella which was privatised by the past administration, if the plant does not restart...
USA: PCA applauds introduction of legislation to curtail ‘backdoor’ regulations
Today Senator James Inhofe, joined by Representatives Frank Upton, Nick Rahall and Colin Peterson, introduced the “Energy Tax Prevention Act of 2011” to bar the use of the Clean...
Sino Cement buys Shaanxi Shehui Cement
Sino Cement announced that it completed the acquisition of Shaanxi Shehui Cement Co Ltd as of 21 February 2011.
China’s export of cement in November 2010
China exported 1,090,000t of cement valued at US$57.413m in November 2010.
Court begins hearing of Ciments Francais suit against Siberian Cement Holding
The Kemerovo region Arbitration Court began hearing of a suit brought by Italcementi-owned Ciments Francais against OAO Siberian Cement Holding. The France-based company wants a...
Philippines: cement prices to rise PHP7-10 a bag
Cement companies have advised retailers of a price hike of between PHP7-10 (US$0.16-0.23) per 40kg bag. The price rises will take effect as of next week, 8 March following the i...
Kenya: Bamburi, Athi River slide on report cement prices may decline
Bamburi Cement Co retreated the most in two months and Athi River Mining (ARM) snapped two days of gains after a report said the price of cement may decline by as much as 10% th...
Ohorongo cement now available
The first product from Ohorongo Cement plant located at Otavi, Namibia is already on the market. Currently, only two cement grades are on the shelves – 32.5 and 42.5.
Holcim: brighter prospects for 2011
Swiss cement major Holcim has reported a fall in 2010 net profit and looks to increase prices to offset rising input costs.
VIcat performs strongly in Switzerland, Turkey, India
In spite of its Asian expansion, Vicat has managed to retain a strong solid balance sheet with a gearing of 38.6% at the end of December, compared with 31.4% a year earlier.
Pakistan’s sector losses cut by half
A 24 per cent increase in cement price during the quarter ended December 31, helped the sector slash its net losses by 50 per cent in comparison with the same quarter last year
UAE competition forces Oman cement prices down
Revenue-stricken cement firms in the UAE have been stepping up their sales into Oman, forcing down
Kenya prices may fall on rising competition
Cement prices in Kenya may fall as much as 10 per cent this year because of increased competition,
ACC shuts Ghugus plant, India
ACC has shutdown its old plant in Ghugus MIDC area in accordance with Maharashtra Pollution Control Board (MPCB) directions on Monday midnight
Holcim proposes Alexander Gut to the Board
The Board of Directors proposes to the Annual General Meeting of May 5,
2011 that Alexander Gut,
Coal India’s price rise to hurt cement players
Several large cement producers are likely to be hit with Coal India announcing an increase in prices of coal effective 27 February. On an average, coal prices will move up by 12...
CRH sees a further reduction in profits in 2010
CRH’s turnover declined by 1.2% in 2010 to €17,173m and the EBITDA came down by 10.4% to €1,615m.
Cimpor 4Q net profit up 21%
Portuguese cement maker Cimpor posted a 21 per cent rise fourth-quarter net profit, beating expectations as strong sales in Brazil and Turkey offset weakness in the Iberian mark...
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