Votorantim to invest US$3bn in 2011
Brazilian industrial conglomerate Grupo Votorantim plans to invest BRL5bn (US$3bn) in its operations in 2011, the group said Tuesday in a press release.
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Penna Cement plans packaging unit, India
Penna Cement Industries Ltd (PCIL), the cement manufacturer with a strong presence in South and North India, has now entered the western region with the launch of its cement pro...
New contract for TurboSonic, USA
TurboSonic Technologies, Inc today announced that it has been awarded a US$1.25m contract for the design and supply of equipment for abatement of SO2 and NOx for an undisclosed ...
India’s UltraTech cement shipments up 4.3% YoY
India’s largest cement producer UltraTech Cement said on Tuesday cement shipments in February were at
Far Eastern Group: mulling acquisition of China cement makers
Taiwanese conglomerate Far Eastern Group is in talks with clinker and cement producer China Shanshui Cement Group Co about acquiring
Cimpor plans to build new plant in Brazil
Cimpor said Tuesday that it plans to build another unit in Brazil, in addition to the two plants announced in November last year.
India’s Jaiprakash Feb cement shipments up 36% YoY
India’s Jaiprakash Associates said on Tuesday cement shipments in February rose 36 per cent to 1.52Mt.
Daiwa cuts West China Cement to underperform
Daiwa downgrades West China Cement to Underperform from Buy, on the back of the announcement that
Holcim extends Catskill layoffs, USA
The temporary layoffs at cement manufacturer Holcim have been extended for a second time, effective until the end of March, in what’s becoming a month-to-month
FCC studying buyout of cement unit
Spanish builder FCC has studied the possibility of using shares held as treasury stock to buy out the minority stake in its struggling cement unit, its chairman said on Tuesday
India’s ACC Feb cement shipments up 17% YoY
India’s No. 2 cement producer, ACC Ltd, said on Tuesday shipments in February rose 17 per cent from a year earlier to 2Mt.
Contract for new Azerbaijan plant signed
NORM LTD has signed with China Triumph International Engineering CO LTD (CTIEC) for the construction of a cement plant under the name of Gizildash Cement.
Raysut boosts grinding capacity, Oman
Raysut Cement has commissioned a new grinding unit, boosting the plant’s capacity by an additional 750,000tpa.
Indian producers to hike prices by INR5/bag
Indian cement makers are likely to hike cement prices by around INR5/50kg bag from Tuesday and
Vietnam Cong Thanh Cement to build 600MW power plant
Cong Thanh Joint Stock Company will start building a 600MW coal-fired power plant in the central province of Thanh Hoa on March 5, Chairman Nguyen Cong Ly said.
Cementos Argos net profit rises
Cementos Argos SA, Colombia’s largest cement company, posted a consolidated net profit of COP288.8bn (US$156m) in 2010, a 37.7% increase in peso terms from a year earlier.
Nigeria seeks to lower cement prices
As the price of a 50kg bag of cement reaches an all-time high of N2300 (US$15), the Federal Government of Nigeria has invited cement manufacturers
Monthly cement shipments up 8%, USA
Total shipments of Portland and blended cement in the United States and Puerto Rico for December 2010 were 4.2Mt. This was 8% higher than shipments in December 2009.
Cementos Molins net profit declines 1.9% in 2010
Spanish cement company Cementos Molins posted a consolidated net profit of EUR 65 million in 2010, down 1.9% YoY.
Banif sees Cimpor profit down 6% YoY in 2010
Banif estimates Portuguese cement producer Cimpor to have closed 2010 with a 6% YoY decline in net profit to EUR223m (USD 308.6m).
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