India Cements posts record net profit
India Cements Ltd has posted a net profit of Rs 112.59 crore for the quarter ended June 30, 2006, which figure, it says, "far exceeds even the highest ever annual profit registe...
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Rinker Q1 profit up 14 per cent, Australia
Australian building materials maker Rinker Group Ltd. said its quarterly profit rose 14 percent after it raised prices, but its shares fell nearly 4 percent after it forecast lo...
Pakistan cement production estimated at 33.8Mt by year-end
Pakistan’s total cement production capacity is projected by the industry to grow to 33.802Mt by the end of the current fiscal year and to 42Mt by 2009-10. Total productio...
Lafarge’s cement project on track, South Africa
Lafarge South Africa’s cement business unit’s SAR1.2bn project - to increase its cement capacity by 1Mta - is on track and scheduled for finalisation and commissioni...
Peru Cement Output at 2.77Mt
Peruvian cement output stood at 2.77Mt for the first half of 2006, up 15.63 per cent year-on-year, according to data of the Peruvian cement producers’ association Asocem.
Anhui Conch to acquire three subsidiaries from parent
Anhui Conch Cement Co. Ltd. has announced that following a meeting of its board of directors, the company has asked for its shareholders’ approval to acquire three subsidiaries ...
Heidelberg to buy Mysore Cement, India
Barely four months after entering India through a joint venture with Indorama Cement, HeidelbergCement is set to consolidate its presence through acquisition of a majority stake...
Cement cos to claim carbon credits under Kyoto Protocol
The cement sector is set to become one of the major gainers of the clean development mechanism (CDM) under the Kyoto Protocol Agreement, which enables developing countries like ...
Pelindo Joins Tonasa on cement shipment
PT Pelabuhan Indonesia (Pelindo) III has been cooperating with PT Semen Tonasa to optimize the utilization of harbor of Celukan Bawang as the special harbor for cement as well a...
Bacnotan H1 net profit PHP111m, Philippines
Bacnotan Consolidated Industries said in a statement to the stock exchange that it posted net profit of PHP111m for the six months to June.
HeidelbergCement CEO Scheifele says co will continue eastward expansion
HeidelbergCement AG chief executive Bernd Scheifele told Handelsblatt his company intends to continue its aggressive expansion strategy in Eastern Europe and the former Soviet U...
Iran cement increase
Output of the Iranian cement industry in Spring 2006 saw an increase of 300,000t compared to the same period last year. The predicted amount for this period as 7.9Mt but reached...
Cement Company petitions senate over closure, Nigeria
The Ibeto Cement Company, has sent a petition to the Senate, accusing the Federal Government of complicities in the closure of its cement bagging plant.
Cement firm to expand Rashadiyah plant, Jordan
Jordan Cement Factories Company (JCFC) will invest JD20m to expand its production capacity at the Rashadiyah factory, a JCFC statement said.
Cement sales to rise 10 per cent per year through 2010, Vietnam
Cement sales in Vietnam will annually increase by 8-10 per cent from now till 2010, according to the Trade Minsitry. Existing cement and clinker makers in Viet Nam will intensif...
Indonesia Government, Rajawali agree on voting rights for Gresik sale
The government and the Rajawali Group finally reached an agreement on voting rights, paving the way to closing the share sales deal that will make Rajawali a 24.9 per cent share...
Oman’s Raysut Cement H1 net soars over 100 per cent
Oman’s Raysut Cement Company (RCC) said its first-half net profit shot up 100.6 percent to 10.07 million rials ($25.98 million) on enhanced production capacity.
SAIL, Jaypee may team up for Bokaro cement plant
The Jaypee group is leading the race to become the strategic partner in Steel Authority of India’s (SAIL) proposed cement plant at Bokaro. As per the plans, SAIL is to hol...
UAE demand to keep rising
Given the pace of construction in the UAE, demand for cement is expected to increase by up to 15 per cent every year for the next five years, raising prices for the commodity du...
Holcim Indonesia sees lower 06 sales
The chief of PT Holcim Indonesia Tbk , the country’s third largest cement maker, said on Friday the firm’s 2006 sales could be up to 14 per cent lower than last year...
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