Egypt refers cement executives to court
Egypt referred 20 executives of local cement firms to a criminal court for conspiring to fix prices
Cement industry news
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India’s Binani Cement to raise US$125m to boost capacity
The board of Binani Cement Ltd has approved raising up to US$125m in foreign currency for expansion of its production capacity and for overseas acquisition.
Philippine cement industry reports turnaround in sales
The Philippine cement industry has reported a turnaround in sales last year, largely due to increased demand brought about by public and private sector infrastructure projects.
Pakistan producers pay Rs900m less tax on lower prices
The Federal Board of Revenue (FBR) has found that the cement manufacturers paid Rs900 million less tax during the first six months (July-Dec)
Zimbabwe: renamed Circle Cement to start trading on ZSE
Cement manufacturer Circle Cement Limited will start trading on the Zimbabwe Stock Exchange as Lafarge Cement Zimbabwe Limited
Jidong Cement to create cement arm in Hunan
Tangshan Jidong Cement Co it plans to create a cement subsidiary in Hunan Province, Southern China with a total investment of CNY 1.4 billion.
Khazakstan new plant under construction
A cement plant is being built in Zhambyl region now and will produce over 1Mta of cement.
Siam City 4Q07 earnings still weak, but 2007 to slightly improve
Siam City Cement (SCCC) is expected to announce very weak 4Q07 earnings of just Bt575mn (EPS Bt2.5), down 22% QoQ and 11% YoY.
Korean-led group to build Cameroon cement plant
A South Korean-led consortium has signed a deal to build a CFA37bn (US$82.68m) cement factory in Cameroon
Titan moves into Turkey
Titan is establishing a joint venture with the Ado group of companies, a local conglomerate, in Turkey, which involves the investment of EUR90.5m
FLSmidth wins another cement project in Russia
FLSmidth has signed a contract with a Russian company for machinery supplies for a new 5500tpd cement
Dangote, 12 Others to Import Bulk Cement
The Federal Government has given provisional approval to 13 local companies to import bulk cement into the country in order to
India Cements profit up
India Cement reported a net profit of Rs. 127.05 crore in the three months ended December 31, 2007
Angolan producers plan to place more cement on the market
Angolan cement factories Nova Cimangola and Secil Lobito plan to place some 4.5Mta of cement on the Angolan market
HeidelbergCement’s decision to implement capital increase
The Managing Board of HeidelbergCement AG has resolved, subject to the consent of the Supervisory Board, to make use of the authorised capital and to implement a cash capital in...
Emission trade ’will hit’ some sectors
Most British businesses will not suffer in competition with foreign companies because of the European Union’s emissions trading scheme, a report has found.
Mexico Grupo Cementos Chihuahua buys alliance concrete in US
Grupo Cementos de Chihuahua (GCC) said Tuesday it has acquired Alliance Concrete Inc of Iowa, boosting its position in that US region.
HeidelbergCement Ukraine To Take Over three affiliates of Kryvyi Rih Cement
Heidelbergcement Ukraine, one of the largest cement producers, has decided to reorganise itself by way of takeover
Al-Wihda Cement Factory will start production soon
Abyan governor Mohammed Shamlan has been in discussions with board chairman of Chinese CNBM company
CNBM Joins Hands with Hunan cement producers, China
China National Building Material Group Corporation (CNBM) said on January 13, 2008 that it signed strategic agreements with
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