Zimbabwe: cement shortage looms after price blitz
Zimbabwe faces a cement shortage following a cement manufacturing giant’s decision to stop production for the local market in protest against the government order to roll ...
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And still the markets climb higher!
The market is fixated on mergers and acquisitions in the mining sector this month with this spectacular $38.1bn bid by Rio on Alcan, surpassing the previous $28.8bn made by Alcoa.
Regulatory ok for Holcim take-over of Bulgaria plant
The Bulgarian unit of Holcim has secured the approval of the local anti-trust authority for the acquisition of a 90.42 per cent stake in
Cemex expects to increase US sales after purchase of Australia’s Rinker Group
Cemex says it is looking to increase its U.S. sales on the back of its recent purchase of the Australian Rinker Group.
Prosperity Minerals Chaodong Gets Regulatory Approval
Prosperity Minerals Holdings Ltd said Monday that the share restructuring at Anhui Chaodong Cement Co. Limited has now received all the necessary regulatory approvals.
Mangalam Cement net jumps 38%
Mangalam Cement, a part of the B K Birla Group, has posted a 37.6 per cent growth in net profit at Rs 25.89 crore for the June quarter compared with Rs 18.81 crore in the corres...
Shiva cement to expand capacity
Shiva Cement Ltd has approved its proposed plant expansion to 2.6Mta at a board meeting on July 21, 2007
Thai TPI Polene Q2 net profit rises, beats forecast
TPI Polene (TPIPL), Thailand’s third largest cement firm, said on Friday its second quarter net profit more than doubled, beating analysts’ expectations.
India Ultratech To Borrow INR17B Through FY09
India’s Ultratech Cement Ltd said it plans to borrow around INR17bn through March 31, 2009, to expand capacity and build a captive power plant.
Vietnam Produces 17.5Mt of Cement in H1
Vietnam’s cement factories are estimated to have produced 17.5Mt of cement in the first half of this year, up 12.3% on-year and fulfilling 49.5% of the full-year target, said th...
Ukraine production up 21.4 per cent
Ukraine production increased 21.4 per cent to 6.921Mt in the first six months of 2007 YoY. June saw 1.4Mt of cement produced, a 7.4 per cent increase over June 2006, the State...
Oman’s Raysut Cement Q2 profit slows on sales
Raysut Cement Co, Oman’s largest cement firm by market value, posted its slowest profit growth in almost two years in the second quarter missing an analyst’s expect...
Bangladeshi firms approved to sell cement in India
Two Bangladesh-based companies have received the approval from the Bureau of Indian Standards (BIS) for selling cement in Indian market.
Taiwan Cement, Asia Cement reap rich harvests in China
Taiwan’s two leading cement producers, namely Taiwan Cement Corporation and Asia Cement Corporation, are reaping harvests in mainland China.
Cemex disappoints JP Morgan analysts
Reviewing Cemex’s Q2 results, JPM analysts note that although the EBITDA is in-line with expectations, earnings are disappointing due to a loss on a financial instrument.
China National Building Material to expand production capacity
China National Building Material plans to raise cement clinker production capacity to 30Mt.
Taiheiyo Cement may revive U.S. acquisition talks
Taiheiyo Cement Corp. may revive talks to acquire a ready-mix concrete maker in the United States for which negotiations broke down last month, the president of Taiheiyo’s...
UK cement producers rubbish cartel claims
Cement makers have reacted angrily to further claims from independent quarriers and concrete producers that the sector is anti-competitive.
Cement firms to maintain growth rates
Cement companies in northern India saw good sales but static prices in April-June quarter, while those in southern and western parts saw sluggish volume growth but better prices...
Holcim Bulgaria gets green light to acquire domestic building materials company
Bulgaria’s anti-trust regulator said on Thursday it gave the green light to the local unit of global cement maker Holcim to acquire a majority stake in building materials...
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