Holcim fined for breach of open offer
The Securities and Exchange Board of India (Sebi) on Friday slapped a penalty of Rs25 crore (US$5m) on Holcim (India) for violation of Sebi’s open offer norms with respect...
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Siam Cement reports Q2/06
The Siam Cement Group (SCG) announced the operating performance for the second quarter and first six months of 2006, citing increase sales, particularly shown in chemicals busin...
Irkutsk builders promised China’s cement
Vice mayor of Russia’s Irkutsk region, Igir Bychkov, has said the city administration intended to invite Chinese makers of cement and fittings to the region to establish competi...
Cimpor 1H net profit improves
Cimpor says improved turnover boosted net income by 14.7 per cent to Euro 142.7m in the first half of 2006 from Euro124.4m in the same period last year. Sales rose 11.2 per cen...
UltraTech won’t be merged with Grasim
The Aditya Birla group has no plans of merging UltraTech Cement with parent Grasim Industries, chairman Kumar Mangalam Birla said on Monday, putting to rest recent speculation t...
YTL Corp earnings
YTL Corp Bhd reported a 63 per cent jump in its fourth-quarter net profit, driven mainly by its cement and utilities division. The group intends to grow these businesses by look...
’Sibcement’ ordered to decrease its shareholdings
The Department of the Federal Anti-monopoly Service for the Krasnoyarsk Krai issued an order to ’Holding Company ’Siberian Cement’ OJSC (Kemerovo) to reduce it...
Florida Rock Chooses US LEC
US LEC Corp a full-service provider of IP, data and voice solutions to businesses and enterprise organizations throughout the Eastern United States, today announced Florida Rock...
FLSmidth wins contract in Egypt
FLSmidth & Co A/S reports that it has secured a Euro 43m contract from Sinai Cement Company in Egypt. The contract covers the delivery of equipment for a new cement production ...
Finland: Demand for cement brisk
Demand for cement exceeds supply in the Baltic Sea area at the moment because of lively construction operations. Sales of cement have increased also in Finland in early 2006 by ...
Rebate on cement export to Kabul
Pakistan is being pressurised by the United States for resumption of rebate on cement export to Afghanistan. The rebate was withdrawn by the federal government to stabilise pric...
China’s new cement policy spurs development
The State Council, the highest governing body of China, has recently approved the Specific Plan on Development of Cement Industry and the Policy on Development of Cement Industr...
TPI falls short of target
TPI Polene Plc has raised Bt12.18 billion (US$340m) - short of its target of Bt16.78 billion - from selling 1.27 billion newly issued shares through a rights issue and a private...
Vietnam seen exporting cement by 2009
Vietnam can become a cement exporting country by 2009, instead of importing huge volumes of clinker for local cement production as at present, says a special report by the Minis...
Cement, Steel Prices to Remain Stable
Prices of cement and steel in Vietnam will still be stable as at present despite a recent petrol price hike leading to the increase in prices of many goods, market researchers f...
Cement price ceiling
The Egyptian minister of Trade and Industry has announced a ceiling ex-works price for domestic bagged cement at EGP290/t (EUR40/t). This comes just after the anti-trust investi...
Holcim half year data and analysis
In the first half of 2006, Holcim increased its cement volumes by 24.8% to 65.5Mt, with ready-mixed concrete deliveries rising by 20.3% to 20.7m m³ and aggregates shipments adva...
Holcim on growth track
In the first six months of 2006, Holcim produced further organic growth and improved its financial performance. Contributing factors include the generally favorable market envir...
Siam Cement may buy or build in Indonesia
Siam Cement may invest as much as US$200m to build or acquire a plant to make the building material in Indonesia as growth slows at home in Thailand. Siam Cement, Thailand&rsquo...
Argos selects i2 Solutions to drive supply chain
i2 Technologies, Inc has announced that Cementos Argos S.A has selected i2 supply chain planning and transportation management solutions. The company intends to implement these...
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