Cemex: statement in light of current market conditions
Cemex warned on Thursday its derivatives position slid into negative territory as its share price collapsed and investors panicked about the company’s outlook.
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Dangote Cement, Sephaku, formalise deal to build 2.2Mt plant
Dangote Cement and Sephaku Holdings announced yesterday that they have entered into a shareholders agreement for Sephaku Cement that will see the building of a 2.2Mt cement plan...
ACC to increase capacity to retain declining market share
India producer ACC, a part of the Holcim Group, plans to add more capacity after 2010 to retain market share.
Kenya’s ARM to build US$120m Tanzania cement plant
Kenya’s Athi River Mining (ARM) said on Thursday it will start work on a US$120m cement plant in Tanzania next week that would be the largest in the east African region.
Hengji to export 100,000t cement to Russia in 08
Heilongjiang Heihe Hengji Cement Co., Ltd, a cement producer based in Harbin City, Heilongjiang Province, northeast China is scheduled to export 100,000t cement to Russia in 200...
Vietnam: Thai Binh Cement to list over 1m shares
The Ha Noi Securities Trading Centre (HaSTC) has approved Thai Binh Cement (TBX) to list over 1m shares.
Turkmenistan abolishes duties on imported cement
Turkmen President Gurbanguly Berdymukhammedov signed a decree temporarily abolishing custom duties on imported cement beginning October 1, 2008
Sawaris want more from Texas
Nassef Sawiris, an Egyptian executive who owns nearly 15 percent of Texas Industries Inc.’s stock, has sent a letter to the company’s shareholders, petitioning them to oust two ...
China’s cement production slows, but price hikes
Growth of China’s cement output slowed down in August of this year, but price of cement hiked, according to the National Development and Reform Commission (NDRC).
Indonesia Bosowa Maros to build US$200m factory
Indonesian cement maker PT Semen Bosowa Maros plans to build a new US$200m cement factory in Central Java.
Malaysia: offer for UEM Builder, CIMA becomes unconditional
UEM Group Bhd’ takeover offers of UEM Builders Bhd and Cement Industries of Malaysia Bhd (CIMA) became unconditional yesterday.
India: ACC buys 40% stake in Alcon
ACC has acquired 40 per cent stake in Goa-based Alcon Cement Company which has a capacity of 500tpd.
NNS Holding boosts Lafarge stake to 13.2 per cent
NNS Holding, the Luxembourg-based investment fund controlled by Nassef Sawiris, has boosted its stake in Lafarge to 13.2 per cent, a spokesman said on Wednesday.
Merckle buys more shares in HeidelbergCement
Majority shareholder of German cement producer HeidelbergCement, Adolf Merckle, bought further 578,395 shares in the group on Monday via his holding firm VEM Vermoegensverwaltun...
Taiwan Cement to raise export price by 50% in 2009
Taiwan Cement Corp., Taiwan`s largest cement maker, has decided to raise export price of cement by 50%, to over US$50/t for next year from this year`s US$34-35, according to com...
Fiji: new factory planned
A new $50m cement manufacturing factory is to be set up in the Western Division.
Eagle Cement moves to acquire Nigercem
Eastern Bulk Company Limited, makers of Eagle brand of Cement has concluded arrangements to take over the Nkalagu cement factory in Ebonyi State.
Pakistan cement exports help offset domestic slowdown
The Pakistan cement sector has maintained its healthy growth as its exports witnessed an increase of 60 per cent to 2.5Mt during the first quarter of the current fiscal year whi...
Philippine cement firms want 5% tariff kept
Philippine cement producers have appealed to the government not to let go of the country’ only remaining strategic and high value
Zabaikalcement to build cement plant, Russia
Zabaikalcement has announced US$300m plans to build a cement plant in cooperation with Priargunsky Mining and Chemical Association in Zabaikalye region
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