Russian court throws out Russia Partners’ suit vs Eurocement Group
The Moscow Arbitration Court Friday threw out a lawsuit filed by affiliates of US investment fund Russia Partners against Russia’s Eurocement Group over alleged profit str...
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Italy Cementilce to open cement plant in Bragno
The new cement facility, built in Bragno, the northern Italian municipality of Cairo Montenotte, by Cemex, Cementilce, will start operations in July 2007.
Japan cement makers dread sting from depreciation rules
Japan’s largest cement maker, Taiheiyo Cement Corp, and No. 3 firm Sumitomo Osaka Cement Co. are both
Competition: ECJ dismisses cartel damages claim
In the case of Holcim v Commission, the EU Court of Justice confirmed on 19 April that the European Commission is not liable for costs arising from a cartel fine which was quash...
Lower interest expenses to boost 1Q07 normalised profit
TPI Polene (TPIPL) is expected to announced 1Q07 normalised profit of Bt364mn, up 45% qoq and 126% yoy. Earnings growth will be driven by lower interest expenses that fell to ju...
Peru’s cement, construction cos’ Q1 growth seen booming
Peru’s construction and cement companies likely benefited from rising domestic demand and strong economic growth in the first quarter, analysts say.
India ACC 1Q net up 54.9% boosted by higher prices
Indian cement maker ACC Ltd Thursday said its fiscal first quarter net profit surged 54.9% on year, driven by higher cement prices.
Italcementi: 2007 margins in line with last year
Italcementi yesterday predicted growth in Europe and major development in emerging countries as it forecast 2007 margins in line with those achieved last year
Cemex 1Q net seen suffering from tough YoY Comparison
Cemex is expected to report a drop in first-quarter net profit due to the absence of a one-time gain enjoyed in the year-earlier period,
India Cements Jan-Mar results beat forecast
Cements Ltd. posted a net profit of 1.4 billion rupees in January-March compared to 270.3 million rupees a year ago, riding on high volumes and cost efficiency, a senior officia...
Holcim Maroc net profit up 24 per cent
Morocco’s Holcim Maroc Group increased its net profit by 24 per cent last year compared to the previous year on a construction boom in the North African country, its chief execu...
Above Rs 190, CVD will hit foreign cement
Turns out, imported cement may not be cheaper after all, if a government clarification to its own notification and the Finance Bill are anything to go by, according to DNA of In...
Lafarge Indonesia looks to 23 per cent increase sales
The world’s largest cement producer, Lafarge, sees a growing market in Indonesia, and predicts its Aceh subsidiary will book a 23 per cent increase in sales this year to 1...
Iranian cement prospects upbeat
Iran’s cement industry will enjoy considerable growth this year with new projects set to increase total domestic production by 10Mt.
Cemento Polpaico investment plans
Chile’s Cemento Polpaico plans on investing US$15m this year, local paper La Segunda quoted Polpaico’s general manager, Óscar Parada as saying.
Republic Cement approves merger with Fortune Cement, 2 other units
Republic Cement Corp said its board has approved its merger with three of its units, including Fortune Cement Corp, with Republic as the surviving entity.
Lafarge increases stake in Heracles
Lafarge said it has acquired a further 26 per cent stake in Greek cement producer Heracles for EUR321.6m, increasing its holding in the company to 78.7 per cent.
PPC, Plascon, Seta in joint training venture, South Africa
Pretoria Portland Cement Company (PPC) has launched its Academy of Sales and Marketing.
PDVSA and Ancap build cement plant
The agreement between Venezuelan PDVSA and Uruguayan Ancap for the implementation of a cement plant in Paysandu is about to be concluded.
Liberalisation of cement prices not approved yet, Iran
The liberalization of cement prices has not been approved yet, said the head of the Management and Planning Organization (MPO) here on Tuesday.
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