CTI to acquire minority stake in Semen Batam plant, Indonesia
Cement and clinker trading company, CTI Group Inc, has agreed to acquire a minority stake in
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FLSmidth awarded operation contract in Angola
FLSmidth has received a contract from Angolan Fabrica De Cimento Do Kwanza-Sul SA (FCKS) for
Dalmia decides on capacity additions, India
To supplement its manufacturing capacity at the upcoming cement plants in Madhya Pradesh, Himachal
CSN says spin-off of units to boost value
Brazil’s biggest diversified steelmaking group, will start a gradual spin-off of its main business divisions
Egypt delays decision on cement licence cancellation
Egypt has postponed until next Tuesday a decision on whether to either reinstate or confirm the
BBMG to set up two joint ventures
BBMG Corp announced that it plans to spend a total of RMB240m (US$35m) to set up two cement joint
Carib Cement to continue recording loss
After recently releasing less than positive financial results, the management of Caribbean Cement
Brazil: CSN to set up three cement plants
CSN Cimentos, the cement arm of the steel major CSN, plans to set up three plants in Brazil each with a
Vicat reduces costs ahead of target
Vicat has further strengthened it already solid balance sheet with the gearing level falling from 34.7% at the end of 2008 to 31.4%, this time.
Shree Cement plans Rajasthan clinker unit
Shree Cement is planning to set up a clinker unit in Rajasthan with an investment of INR3.50bn, a senior
Torah Cement sees 23 per cent rise in profit
Egypt’’s Torah Cement posted a 23 per cent rise in 2009 net profit to E£341.7m, the stock exchange said
Iran cement output increases
Iran produced over 47.44Mt of cement in the first 11 months of the current Iranian calendar year
High eastern India demand lures producers
Lured by a higher demand in the country’s eastern region, leading cement players in India’s other parts
Cemex plant adding 6.6MW to national grid
Venezuela’s state cement producer Cemex is adding around 6.6MW of capacity to the country’s national
ING downgrades Holcim, Lafarge, St-Gobain
Holcim Ltd was downgraded to hold from buy at ING, which also cut its rating on Lafarge to sell from
Binani moves into real estate market, India
Binani Cement — the flagship company of the Binani Group — is getting into commercial real estate
Anhui Conch plans to expand through M&A activity, China
Anhui Conch Cement plans to expand its business through mergers and acquisitions (M&A), after the
Italcementi cautious on Ciments Francais merger talks
Italian cement maker Italcementi cooled market talk it could buy out its French unit Ciments Francais,
EAPCC privatisation begins to take shape, Kenya
The planned privatisation of East Africa Portland Cement Company (EAPCC) and electricity generating
Semen Gresik 2009 net profit up
PT Semen Gresik’s 2009 net profit rose 28% because of an increase in sales, its chief executive said
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