More on the Mysore deal
HeidelbergCement has acquired a majority stake of 51 per cent in the Bangalore-based Mysore Cement for US$100m. The buyout will be followed up by an open offer to acquire a furt...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Taking a longer-term view
Now, apparently is the time to negotiate period business and the larger contracts of affreightments (coa). This trend has been widely driven by the recent upturn of most commodi...
Kabul grants licence to private cement company
Afghanistan’s Mines Ministry granted a licence to a private cement company that will invest US$140m in a new plant. Safi Brothers, which was the only bidder for the licens...
Turkish cement demand grows Jan-May
National cement demand increased by 23 per cent in Jan-May, according to a report prepared by the branch association TCMB. Demand is estimated to have increased by a higher 25 p...
PIL seeks closure of cement plants
A PIL filed by a law student seeking closure of cement plants in and around Khrew of south Kashmir’s Pulwama district has put the Wildlife Department, the Pollution Control Boar...
EBRD still in discussions with Garadagh
The EBRD suspended the acquisition of a stake in the equity of Garadagh Cement and the head of the EBRD local office in Azerbaijan Raymond Conway informed Azer-Press that the ac...
Peru’s Cementos Lima 2Q Net rises
Cementos Lima SA posted second-quarter net income of 27.9 million soles (US$8.6m) compared with PEN20.8 million in the same quarter in the previous year, the company said Wednes...
Permit to build plant in Saudi jazan
A-Sharq Al-Awsat newspaper quoted Chairman of the Board of the Jazan Development Company Khalid bin Salih a-Shathari who announced in early June 2006 that the Company has receiv...
ACC Q2 net profit soars
Associated Cement Companies (ACC) posted a sharp growth in net profit for the second quarter as firm prices and gains from a non-operating transaction boosted the profitability ...
Holcim launches A$260m August 2009 issue
Holcim Finance (Australia) Pty Ltd has launched a A$260m August 2009 issue. The notes are expected to price at between 35 and 38 basis points over the three year mid-swap/bank ...
Semen Gresik: local cement sales increase
Indonesia’s largest cement maker PT Semen Gresik’s first half to June domestic cement sales grew 3.4 per cent year-on-year to 6.91Mt from 6.68Mt a year ago, accordin...
Lafarge launches three new products designed for road constructions, Romania
Lafarge Romania has released in Romania three new products for the construction of roads, motorways and road platforms, the company informs.
Carib Cement cleared of new allegations of faulty cement, Jamaica
Preliminary investigations carried out by the Bureau of Standards have cleared Caribbean Cement Company Limited of allegations that it was still releasing poor quality products ...
GCC reports second quarter 2006 results, Mexico
Grupo Cementos de Chihuahua (GCC) announced consolidated results for the second quarter of 2006. Net sales in the second quarter of 2006 increased 48.7% to $1,934.9 million peso...
Cement companies to post robust Q1 results, India
Cement companies are likely to report impressive June quarter results, driven by continuing demand growth and a sharp rally in cement prices.
BCA: Cement industry cuts CO2 emissions
The UK cement industry has cut its annual emissions of carbon dioxide, the gas linked with global warming by more than 18 per cent (over 2Mt) over the last eight years, accordin...
Government Orders Semen Gresik to Postpone EGM
The government has ordered PT Semen Gresik Tbk (SG) to postpone the extraordinary general meeting of shareholders (EGM) from the initial schedule of July 28 to wait for the conc...
Cement factory not harmful to Ha Long Bay
The Cam Pha Cement Factory under construction in the northern province of Quang Ninh has not affected the environment of Ha Long Bay, the province’s world heritage site, a provi...
Cement Company Tries to Explain Pollution
Cimentos de Mocambique, has tried to blame the electricity company, EDM, for the clouds of cement dust that frequently exit its factory in the southern city of Matola.
Tanzania Portland shares likely to be oversubscribed
Shares of the Tanzania Portland Cement Company (TPCC), which were recently floated to the public, are likely to be oversubscribed, it was learnt in Dar es Salaam yesterday.
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