Cement industry news

02 Nov 2007 International

Indonesia ’08 cement demand seen rising-Gresik

Indonesia’s largest cement maker, PT Semen Gresik Tbk , expects domestic cement demand to increase to 35Mt next year from an estimated 33-34Mt this year, a senior company ...

01 Nov 2007 Corporate

Rockwell Automation to acquire Pavilion Technologies

Rockwell Automation, Inc announced it has entered into a definitive agreement to buy Pavilion Technologies, Inc. Terms of the transaction were not disclosed.

01 Nov 2007 International

Cement plant to be built in Tuyen Quang

Nhan Dan – CTQ Cement Joint Stock Company which act as the investor in a cement plant project that has just beth launched in Tuyen Quang province.

01 Nov 2007 International

Cementos Argos profit doubles to US$62.1m Jan-Sept 2007

The net profit of Colombian cement products manufacturer Cementos Argos almost doubled to COP124bn (US$62.1m) in January to September 2007

01 Nov 2007 International

Italcementi Q3 EBITDA may fall by up to 4.8 per cent despite higher revenues

Italcementi SpA third-quarter results on November 7 may show an up to 4.8 per cent fall in recurring EBITDA

01 Nov 2007 International

Nexe nine-month net profit rises 9.3%

Croatian building materials producer Nexe Grupa reported on Wednesday a rise in net profit through September to

01 Nov 2007 International

Cement producers’ profits dip in Jan-Sep

Chile’s top three cement producers - Cementos Bío Bío, Lafarge and Polpaico - all saw their bottom line drop during the first nine months of this year compared to Januar...

01 Nov 2007 Corporate

Birla Corporation net up 53%

Birla Corporation Ltd, the flagship of the MP Birla group now controlled by Rajendra S Lodha, has reported a 53% increase in its profit after tax to nearly

01 Nov 2007 Trading

Cement imports from Cuba into Jamaica

Minister of Industry, Commerce & Investment Karl Samuda said that 5,000t of cement would arrive in Jamaica from Cuba within the next two weeks, to ease the current shortage,

01 Nov 2007 International

Taiwan Cement Guangdong plant raises China price by CNY20/t

Taiwan Cement Corp has decided to raise cement prices from its Guangdong plant in mainland China by CNY20 to CNY330/t, effective from November 5,

01 Nov 2007 Corporate

FLSmidth sells Densit A/S to Illinois Tool Works Inc

FLSmidth has agreed to sell Densit A/S to Illinois Tool Works Inc. (ITW). The sale will take place in an all-share deal. The parties have agreed not to disclose the selling price.

01 Nov 2007 International

Florida holds back Titan

For the first nine months of the year, Titan’s turnover declined by 3.7% to EUR1,143.8m and the EBITDA was off by 6.7% to EUR341.8m.

31 Oct 2007 International

Contractors: Cement price hike unfair

Companies in the ready-mixed concrete construction sector are asking the government to look into monopoly cement provider Trinidad Cement Ltd’s

31 Oct 2007 Corporate

Anhui Conch Cement May Add to Fourfold Share Gain

Investors betting against Anhui Conch Cement Co. after a more than fourfold increase in the past year may miss out on even more gains

31 Oct 2007 Recent Orders

CNBM Signs Cooperation Agreement with Jiangxi Province

Song Zhiping, Chairman of the Board of China National Building Material Group Corporation, signed a strategic cooperation agreement with Hong Lihe, Deputy Governor of Jiangxi Pr...

31 Oct 2007 Recent Orders

Oman Cement Co, Chinese CBMEC Sign $162m contract

Oman Cement Company (OCC) signed on October 29, 2007 an agreement with China National Building Material Equipment Corporation (CBMEC)

31 Oct 2007 International

Laos cement plant put into operation

Laos has put into operation its largest cement plant in southern Khammouan province after three years of construction.

31 Oct 2007 Corporate

Semen Gresik considers convertible bonds in 2008

Bisnis Indonesia sources said the company will issue the convertible bonds after the issuance of US$500m bonds in January 2008.

31 Oct 2007 Corporate

Indocement 9-month net profit up 25.4 percent as sales rise

Indonesia’s second biggest cement maker, PT Indocement Tunggal Prakarsa, said Wednesday its net profit for the first 9 months of the year rose 25.4 per cent aided by higher sal...

31 Oct 2007 International

PPC’s R4bn empowerment transaction to be completed early next year

The Pretoria Portland Cement (PPC) broad-based black economic empowerment deal, to be finalised early next year, will be worth R4 billion at current market prices.