ABG International to set up plant in MP
ABG International, which has a 56.16% promoter stake in ABG Shipyard, is setting up cement capacities totalling 4.6Mt in Gujarat, that should be commissioned in two years, via t...
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Thai TPIPL slumps, revised results show huge loss
Shares in TPI Polene, Thailand’s third-biggest cement firm, fell 11 per cent to a 10-year low on Wednesday after it revised its second-quarter results to show a huge loss ...
Holcim: The Capital Group Has 5% Voting Rights Stake
Holcim Ltd said Wednesday that The Capital Group Cos., Inc. holds slightly more than 5% of its voting rights.
’We’re determined to maintain 30 per cent profit margins’
Government-directed prices, rising fuel and freight costs have severely impacted the cement industry’s prospects after more than four profitable years.
Malaysia: ‘Govt should further explain cement liberalisation’
The Masters Builders Association of Malaysia (MBAM) has welcomed the suggestion that the government needs to further explain to market players
Boral full-year profit falls 18.6 per cent on US housing slump
Boral Ltd’s full year net profit has dropped 18.6 per cent, dragged down by an earnings loss at its US business, which is likely to worsen this year on that country’...
PCA downgrades 2008 demand forecast
An increasing unemployment rate, higher inflation, and low consumer sentiment will combine to have lingering negative effects on the US economy and,
Venezuela nationalises cement industry
Venezuela’s government extended its control of the economy with accords to take majority stakes in the local units of Lafarge and Holcim and by physically taking over the factor...
Akcansa profit drops 31.5% YoY in 1H08
Consolidated profit of Turkish producer Akcansa fell 31.47% YoY to TRY70m (EUR40m) in 1H08
Holcim Romania hikes prices by 10-12%
Holcim Romania has hiked cement prices by 10-12% since January, the company’s general manager Markus Wirth told a press conference Monday.
Ambuja Cements to hike prices by INR20 a bag
Ambuja Cements (ACL) has decided to raise cement prices by Rs 20 per 50kg bag in two tranches. The first hike is expected to be effective from October
Adelaide Brighton cements boardroom changes
Adelaide Brighton Ltd has announced the retirement of director David Barro from its board, effective today.
ASEC in Ethiopian purchase
Egyptian company ASEC Mining (Ascom) said it was taking a 20 per cent stake in a new company that will produce cement in Ethiopia.
Armenia cement plant sold to Russian company
A Russian industrial group has acquired one of Armenia’s two cement plants located in the central town of Hrazdan, according to an Armenian news agency.
Ohorongo investment, Namibia
Ohorongo Cement, which this week received a mining licence from the Ministry of Mines and Energy, is to invest N$2.5bn in constructing a modern cement plant between Tsumeb and O...
DJ Venezuela to proceed with cement nationalisation
Venezuela President Hugo Chavez said he’ll proceed with the nationalisation of his country’s cement industry, and has given Cemex, Lafarge and Holcim until Tuesday t...
Indian cement makers’ woes to continue till monsoon ends
Even as the agreed moratorium has come to an end, the woes of cement industry is likely to continue till the end of the monsoon as it finds difficult to pass on the raw material...
Sri Lanka: resumption of KKS factory will ease cement shortage
The shortage of cement will ease in Sri Lanka as steps have been take to recommence work at the Kankesanthurai Cement factory shortly,
St Marys Cement hoping to test alternative fuel
St Marys Cement Co. plans to apply for a permit that will allow for a test burn of plastic film waste, such as plastic shopping bags, as an alternative fuel in its cement-making...
Taiwan’s Asia Cement China plants outperforming sector
Asia Cement Corp is posting utilisation rates higher than the industry average for its plants in China, the Economic Daily News reported, citing the company’s head of main...
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