Union Cements profit falls 12% in 1Q08
Union Cement Co, the UAE’s third-biggest cement maker by market value, has announced that its
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Russia’s Basic Element mulls purchase of plants in China
BaselCement, which manages the cement business of Oleg Deripaska’s Basic Element (BasEl), is considering
Ambuja Cements 1Q08 net slips 42 per cent
Leading cement maker Ambuja Cements’ net profit has dipped by 42 per cent.
Colombia Cementos Argos seeks acquisition targets in US
Colombia’s largest cement maker, Cementos Argos SA, is seeking new acquisitions in the US,
Philippine cement prices up PHP8
Cement prices have risen by at least PHP8 per bag following the recent increase in the prices of coal in the
Plantation, mining booms give cement market a boost
The plantation and mining booms are the major factors contributing to the cement market growth outside of Java.
Azerbaijan Investment Company to pay 10% equity stake in Garadagh Cement
The realisation of the agreement signed in Baku February 14 between Azerbaijan Investment Company (AIC) JSC and Holcim is nearing completion.
Vietnam’s US$295m Cam Pha cement plant put into operation
The Vinaconex Cam Pha Cement Plant, with a capacity of 1.89Mta, was put into operation in Quang Ninh
Cement no longer scarce but costly, Tanzania
There may not be a shortage of cement in Tanzania, but its prices are still high, according to local press reports.
Saudi Cement net profit in 1Q08 up by 2.5% YoY
Saudi Cement Company’s first quarter income rose by 2.7% YoY on higher sales, though the growth in profit
APCMA condemns raid, vows to lodge protest
All Pakistan Cement Manufacturers Association (APCMA), Chairman, Aizaz Mansoor Sheikh has said that the action of Competition Commission has
India’s cement prices seen stabilising
India’s cement prices are expected to stabilise, the junior industry minister told
Indonesia’s Gresik posts 38 per cent rise in net profit
The net profit of state-owned cement maker PT Semen Gresik shot up 38% to Rp455.29bn (US$50m) in the first quarter of this year, from Rp329.92bn in the same period last year.
Ambuja Cements aims to double capacity in five years
Ambuja Cements, a part of the Holcim group, is planning to double its capacity to 35Mt in the next five years.
Thailand’s Siam Cement to issue US$158m debt
Siam Cement SCC.BK, Thailand’s top industrial conglomerate, said on Friday it plans to raise an additional
ACC, Ambuja Cement merger ruled out
Putting to rest speculation about a merger of ACC and Ambuja Cement, the managing director of ACC has ruled out any such possibility.
Cemex CEO says company’s Venezuela exposure small
Mexican cement maker Cemex SAB isn’t overly exposed to a nationalization of its Venezuela operations because it’s only a small part of its global operations
Colombia’s Cementos Argos mulls sale of coal mine assets
The board of Colombia’s largest cement maker, Cementos Argos SA, authorised the company’s
GCC: profit down 41.8% in 1Q08
Mexican cement maker Grupo Cementos de Chihuahua (GCC) reported a 41.8% fall in profits to MXP167m (US$15.9m) in the first quarter of 2008, compared to MXP288m in the same peri...
Iraq Investment Summit sees signing of key cement contracts
This week’s ’Investing in Iraq’s Industry’ Summit concluded in Dubai with a prestigious signing ceremony
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