HeidelbergCement leads race for GSCL
HeidelbergCement AG is understood to have emerged as the frontrunner to pick up the promoters’ stake in Gujarat Sidhee Cements Ltd (GSCL), according to local news reports.
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Gresik to postpone construction of new plant
State-owned cement maker PT Semen Gresik (SG) says it will postpone construction of a new cement factory with an annual capacity of 2.5Mt due to
Lafarge to guarantee Lafarge North America’s US$400m of outstanding debt securities
Lafarge announces that it is providing an unconditional guarantee on all outstanding bonds issued by its subsidiary Lafarge North America In
Saudi Arabian Cement Co To Set Up Subsidiary in Jordan
Saudi cement producer, Arabian Cement Company (ACC), said it was currently finalising the procedure for the establishment of a subsidiary in Jordan.
TCC Int’l to add production lines for $115.5m
TCC International Holdings Ltd. said it planned to build two new dry-processing cement production lines and ancillary facilities in the southern Chinese province
CIMA says still in talks with France’s Vicat for stake sale in units
Cement Industries of Malaysia Bhd (CIMA) said it is still in discussions with France’s Vicat over the sale of shares in its units and no agreement has been concluded.
Monarch Cement’s EBITDA Hits Nine Year High
Monarch Cement Company for its 12 months ended September 30, 2006 was $30,302,931, a 60% increase over the year earlier same 12 months when Monarch Cement generated
State renews leases sought by cement company
Facing a court order requiring a decision, the state land commissioner said Tuesday he will renew a cement company’s mineral leases for state trust land regarded as enviro...
Chia Hsin Cement speeds up terminal expansion
Chia Hsin Cement Greater China Holding Corporation is going to build a shipping terminal for cement transportation in China.
US$400m cement co to start operations in Saudi Najran
A cement company with a capital of SAR1.5bn (US$400m) is to start operations in Najran, southwestern Saudi Arabia, according to local press. The company will operate under the n...
Cement testing, Philippines
Industry leaders have called on the government to send samples of low-grade cement from China to a laboratory in Singapore to ensure that quality tests are objective.
Basic Element to invest, Russia
Basic Element, a private equity fund owned by Oleg Deripaska, plans to invest up to $600m in the construction of cement facilities. However, experts doubt
Hubei-based Wudang new line obtains approval
The 2500tpd new dry-process line, funded by Hubei-based Wudang Cement Company, has obtained approval by the Development and Reform Commission of Hubei Province.
Siberian Cement’ to repurchase ’Topkinsky Cement’
The Kemerovo-based holding ’Siberian Cement’ has repurchased 100% of the shares of ’Topkinsky Cement’ Ltd, as reported yesterday
US cement manufacturers’ 2007 project spending could top $2bn
Capital project spending at US cement manufacturing plants could possibly exceed 2006 figures by 10 to 25 per cent, a total of $2.7bn for 125 projects, according to research con...
Nova Cimangola Cement production set to rise
Angola’s national cement factory, Nova Cimangola, is expecting to rise its current production of 1.2Mt to more than 2Mt as of 2007 with the start of a fourth kiln,
Cement Firms cleaning up their act
The cement industry is feeling the pinch these days. Some cement companies are under investigation on the charge that they manufactured cement out of industrial wastes that are ...
ECF cement closed due to environmental problems
The Environmental Agency of Albania, announced today the closure of a big cement plant in Elbasan, (central Albania), owned by an Anglo-Libyan company ECF.
Zambian gov’t urged to extend cement incentives
The Zambian government has been urged to extend the incentives given to cement production to the other building materials in order to reduce the cost of construction in the country
Lafarge Shui On expects China’s cement demand will increase by 30% before 2010
Cyrille Ragoucy, CEO of Lafarge Shui On Cement, recently announced that from now until 2010, China’s cement consumption volume will increase by 30%.
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