Justice Department Requires Divestitures in Vulcan’s Acquisition of Florida Rock
The Department of Justice announced today that it has reached a settlement that will require Vulcan Materials Company and Florida Rock Industries Inc. to divest
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Cemex in negotiations with Ready Mix USA to contribute and sell additional assets to joint venture
Cemex, Inc.announced today that it is in negotiations with Ready Mix USA to expand the scope of their ready-mix joint venture formed in July 2005.
Holcim’s open offer to Ambuja Cements begins tomorrow
Holcim’s open offer for over 20 per cent stake in Ambuja Cements will start from tomorrow.
Taiheiyo Cement downgrades FY net profit forecast
Taiheiyo Cement Corp decreased full-year net profit forecast 29.7 per cent to JPY22.5bn after increasing net profit 7.9 percent to JPY8.5 billion for the half-year to September ...
Saint Gobain buys Vietnamese plasterboard business
Having recently decided to build a plasterboard plant in Abu Dhabi in the United Arab Emirates, Saint Gobain has bought Vinh Tuong Corporation
Holcim Indonesia seeks new loans to prepay US$214.71m debt
Cement maker PT Holcim Indonesia said Tuesday it is proposing to borrow funds to prepay some of its US$214.71m debt.
Semen Gresik 10-Month Sales Volume Up 3.1% At 13.93Mt
PT Semen Gresik Tuesday said its cement sales in the first 10 months of this year rose 3.1% on year to 13.93Mt, driven by growth in both domestic and export demand.
Indian cement firms take alternative energy route
With crude oil prices at historical highs coupled with rising costs of coal, domestic cement companies are looking at alternate sources of energy for their upcoming captive powe...
Egypt’s South Valley Cement to launch rights issue
Egypt’s South Valley Cement announced a one-for-two rights issue which will increase the company’s capital 50 per cent to E£2.22bn (US$403.3m), the company said.
Holcim Hungaria Environmental Permit To Be Attacked in Court
Civil organisations plan to attack in court the environmental permit issued by the Hungarian authorities to Holcim Hungaria Cementipari Zrt
Finland: Shortage of cement causes plant stoppages
In spite of promises by Finnish cement producer Finnsementti, the shortage of cement has not eased in Finland.
Turkish Akcansa Posts $136.5 Mln Net Profit Jan-Sept 2007
Turkish cement producer Akcansa posted a net profit of 165 mln Turkish lira ($136.5 mln/93.6 mln euro) in the first nine months of 2007.
Cimpor 9-month net seen lower on higher debt but revenue seen increasing
Cimpor’s nine-months’ to September net profit is seen slightly lower on higher debt, while revenue is seen increasing due to strong demand in emerging-market countries whe...
Merger mania hits mining sectors
In a move that seemed unthinkable just a few months ago, BHP Billiton confirmed last week that it had made a formal offer for rival Rio Tinto.
China’s Anhui Conch Group to invest CNY3bn to expand in Guangdong
Anhui Conch Cement Group plans to invest CNY3bn in Foshan city in southern China’s Guangdong
New order for Sinoma in Iran
China Sinoma International Engineering Co., Ltd announces that its subsidiary recently signed a contract with Iranian Neyriz Grey Cement Company.
Lafarge Asks Albert Frere To Join Board Of Directors
Lafarge SA has invited Belgian businessman Albert Frere to join its board of directors, Belgian daily L’Echo reports Friday, citing Lafarge.
Indonesia`s cement consumption down 20 per cent in October
Indonesia’s cement consumption fell 20 per cent to 2.50Mt in October from a month earlier due to
Cimpor to more than double Chinese capacity
Having taken a controlling stake in Shandong Liuyuan New Type Cement in the spring, Cimpor has now announced a major investment programme for a cement project
Jordan Cement Factories net profit drops
Jordan Cement Factories Co (JCFC) posted a net profit of JOD42.4m (US$59.9m) for the first nine months of 2007, down from JOD50.6m ($71.4m) a year ago.
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