Lafarge speeds expansion as demand soars, Morocco
The Moroccan affiliate of Lafarge SA will accelerate a capacity expansion to cope with soaring demand, its managing director said on Wednesday.
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Mexico: Canacem expecting slower cement growth
During 2007, the cement industry in Mexico is likely to grow at a rate of 3%, well below last year’s 8%
China’s Jiangxi Cement suspended from trading ahead of announcement
Jiangxi Wannianqing Cement Co Ltd said its shares will be suspended from trading in the Shenzhen stock exchange starting today ahead of an announcement.
Cement export to India begins
Cement export to India has been started with 1500t cement exported by a leading cement manufacturer.
Ciments Francais net rises 19%
Ciments Francais, a unit of Italy’s Italcementi, reported a 19 per cent rise in full-year 2006 net profit to EUR502m, on previously announced sales of EUR4.381bn, up 21.8 ...
Pakistan cement exports reach new hights in February ’07
Pakistan cement exports during February reached 320,000t, which was the highest-ever export for any single month.
Cemex gets FDI nod for Rinker bid
Cemex has received foreign investment approval from the federal government for its hostile takeover bid for Rinker Group Ltd.
Indonesia’s Gresik says no major damages from quakes
Indonesia’s largest cement maker, PT Semen Gresik Tbk , said it had found no significant damage
Saudi Yamama Cement 2006 net profit up to $160.4m
The net profit of Saudi cement producer Yamama Cement Company (YCC) stood at SAR601.2m (US$160.4m) for 2006, an increase from SAR500.9m (US$133m) a year ago.
GK Goh buys 13.6% stake in cement company Tasek
GK GOH Holdings has bought a 13.6 per cent stake in Malaysian-listed cement company Tasek Corporation Bhd for about RM86m (S$37m).
Indian producers agree to "look into" price cut issue
Indian cement making companies have agreed to "look into" the issue of rolling back price hikes announced after last week’s federal budget raised excise duty on the product
GE Energy to fund Binani Cement power plant
The moves are part of GE`s initiative to generate more of its earnings from outside the United States by tapping into fast-growing economies
Acquisition benefits help push ahead CRH’s results
CRH produced at 29.7% increase in turnover in 2006 to EUR18,737.4m. The EBITDA rose by 25.4% to EUR2,455m and the trading profit advanced by 26.8% to EUR1766m
Breaking the records
This is only the third time in history that the 7000 point barrier has been broken for the BCI.
Vietnam produces 5.1Mt of cement in Jan-Feb
Cement makers in Vietnam reportedly produced 2.3Mt of cement in February, raising the total figure to more than 5.1Mt in the first two months of this year, an increase of 23.6 p...
India cement makers unlikely to cut prices – government official
Indian cement manufacturers are unlikely to respond to a government request that industry cut prices to cool inflation, a government official said Monday.
Egypt’s Sinai Cement says 2006 profit up 58 per cent
Egypt’s Sinai Cement reported a 58 percent increase in 2006 net profit to E£286.9m (US$50.3m), the company said in a statement to the stock exchange on Monday.
Lafarge to move regional HQ from South Africa to Zambia
Lafarge, the holding company of Zambia’s Chilanga Cement Plc, has announced its decision to move its regional headquarters from Johannesburg of South Africa to Lusaka, Zam...
Holcim Hungaria submits environmental study for plant
Holcim Hungaria Zrt., the Hungarian unit of Swiss cement producer Holcim Ltd submitted Monday the environmental impact study for its planned HUF65bn (US$339.7m) cement factory i...
Aveng keeps talking to Holcim over sale of shares to BEE group
Aveng is continuing its “constructive engagement” with Holcim over a proposed R6.82bn deal aimed at giving Holcim South Africa a black-controlling shareholder.
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