China cement producers upbeat on growth
Mainland cement companies are bullish about industry growth after reporting strong net profits for the first six months of the year.
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Lafarge embraces strict EIA compliance, Nigeria
The management of Lafarge Cement WAPCO Nigeria Plc has reiterated that its proposed new plants will comply with both Nigeria and international standard in terms of impact on t...
Italcementi in Libyan joint venture
A joint venture between the Libyan government, in the form of its Economic and Social Development Fund, Italcementi is to build a 4Mta integrated cement works at a cost of betwe...
India Aditya Birla Aug cement shipments down 5.4 per cent
Cement shipments by India’s Aditya Birla Group in August fell 5.4 per cent from a year earlier to 2.19Mt the firm said late on Tuesday.
Two Vietnam cement makers to merge
A contract on merging Cotec cement plant, an affiliate of Construction and Construction Material Joint Stock Company (Cotec), and Holcim Vietnam Cement Joint Venture (Holcim) wi...
US$135.7m loan for Novoroscement, Russia
Germany’s HypoVereinsbank (Munich) and Moscow’s Unicredit Bank have jointly provided a US$135.7m loan to cement manufacturer Novoroscement,
Ciech chemicals & Lafarge launch PLN40m JV
Chemical group Ciech and cement producer Lafarge are going to invest over PLN 40m into a joint venture to recycle ash for cement production, Ciech said in a press statement.
HeidelbergCement Continues to Invest in Georgia
HeidelbergCement Company proceeds with its investment activities in Georgia regardless the recent developments in the country
Turkey’s Akcansa targets US$715m turnover in 2008
Turkish cement producer Akcansa is targeting revenue of over TRL850m (US$715m) in 2008, the general manager of the company Hakan Gurdal said on Tuesday.
Star Cement invests in Ras Al Khaimah, UAE
Star Cement is setting up a new production unit in Ras Al Khaimah at a cost of US$150m. The new plant will start operations by the end of the year.
Sri Lanka’s Tokyo Cement net up 25 per cent in June
Sri Lanka’s Tokyo Cement group posted 25 per cent higher net profits for the June 2008 quarter, compared to the same 2007 period, un-audited results showed.
Cement prices up Rs3 in Mumbai
ACC, Ambuja and JK Lakshmi, following UltraTech, have increased cement prices in Mumbai by Rs 3 a bag (50kg), effective from September 1.
Attock profit declines, Pakistan
The profit after tax of Attock Cement Pakistan Limited (ACPL) has declined to Rs 435.025m in the year ended June 30, 2008 as compared to Rs 796.433m earned in the corresponding...
Madras Cements to issue bonus shares, India
Cement manufacturer Madras Cements tosay said it will issue bonus shares to the existing shareholders in the ratio of 1:1 and has decided to opt for stock-split.
Siam Cement plans to raise output in Cambodia
Siam Cement Group (SCG), Thailand’s largest industrial conglomerate, is planning to invest $200m to more than double the capacity of its cement factory in southern Cambodia.
Fall in coal prices may ease cement firms cost burden
The recent fall in coal prices seems to have provided a much needed breather to cement companies in India, but it apparently is not enough to protect the depleting profit margins.
China’s reports sound performance in January-May
China’s cement output increased nine per cent to 514Mt, and sales revenue soared 23.6 per cent to CNY160.7bn in January-May
Saudi Arabian Cement Co 1H net profit up
Saudi cement producer Arabian Cement Company (ACC) registered a 5.2 per cent YoY increase in net profit to SAR205.6m (US$54.8m) in the first half of 2008.
New cement plant in Baha, Saudi Arabia
In line with the directives of Custodian of the Two Holy Mosques King Abdullah, an SR1.48bn cement plant is to be established in the Baha province, located south of Jeddah.
Cement offtake in South surpasses all-India numbers
Cement majors, including India Cements and Madras Cements, have been reaping the benefits of higher prices and the highest growth in demand from the southern market in the first...
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