Russia’s Eurocement reaches settlement with antitrust body
Russia’s largest cement producer Eurocement has reached a settlement with the Federal Antimonopoly Service (FAS) on antitrust charges, Eurocement’s lawyer Dmitry Afo...
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HeidelbergCement to build major cement works in Russia
HeidelbergCement is taking a majority stake in a new venture being formed in Russia with local investor Wolga-Deutsche Business Group NCP. The joint venture will take control of...
TPI Polene preparing to raise B16bn
TPI Polene Plc is preparing to raise up to THB16bn through a private placement and an offer of new shares to its existing shareholders in order to pay down its debts.
Holcim sets emissions and safety targets
Holcim has announced that it has set new targets for emissions and occupational health and safety.
Steel mergers to impact on shipping?
The now approved Arcelor-Mittal merger has provoked a wave of reactions amongst steelmakers; the Chinese ones of course but also the Japanese who are now pushed towards consolid...
Cement firms add 3.65Mt of fresh capacity, India
Cement companies in India have registered fresh capacity additions of 3.65Mt during Apr-Jun 2006 (about 7Mt for whole year 2005-2006). This has increased the total installed cap...
IFC agrees $35m Yemen cement loan
The International Finance Corporation, the private sector arm of the World Bank Group, has agreed a $35m loan to the National Cement Company in Yemen. The loan is to enable the ...
Aditya Birla group June cement shipment up
India’s Aditya Birla group on Monday said its cement shipment in June rose 9.4 per cent on year to 2.47Mt. The group, including flagship Grasim Industries Ltd. and UltraTe...
UAE ministry stops bid to raise cement price
The UAE Ministry of Economy has thwarted an attempt by the country’s cement producers to raise cement prices by Dh10 (US$2.72) per tonne.
Cement demand forecast to recover, Indonesia
Indonesian cement demand is estimated to recover in the second quarter this year after in the first quarter of 2006 saw consumption dipping by five per cent compared to the same...
South Korea begins selling stake in Ssangyong Cement
Creditors of South Korea’s Ssangyong Cement have started the sale process of a 46 percent stake in the cement maker, officials at its creditors said.
SG Eyes IDR8 trillion revenue
Amid the slower cement market on the first half of the year, PT Semen Gresik Tbk (SG) set the sales growth target of 6.24% to IDR8 trillion from IDR7.53 trillion last year.
Mumbai cement prices cut marginally, India
Cement prices have come down by Rs2-4 per bag in Mumbai even as the first shower of monsoon lashed the city. The price of a cement bag in Mumbai is around Rs 245 now.
Cement prices should drop shortly, Guyana
Government is expecting that the price of cement will significantly be reduced shortly, following a response by the Venezuelan government to a request made earlier by Guyana to ...
Birla to set up cement unit in Jharkhand, India
Birla Corporation has informed the Jharkhand government that it was keen to set up a 2Ma cement plant in in the state of Jharkhand at an investment of Rs 1,000 crore. The compan...
RATM to expand production, Russia
The RATM group has announced it will start construction of a second line at Iskitimcement, Russia. The new line will have a capacity of 1.3Mta with an investment of around US$12...
Cement expansion moves ahead, South Africa
The growth in the South African economy and continued high demand in both the residential and non-residential building sectors has boosted cement volumes to record levels.
Chettinad Cement completes merger of two subsidiaries, India
Chettinad Cement Corporation Ltd (CCCL) today said its two wholly-owned subsidiaries have completely merged with the company, following the approval of the scheme of amalgamatio...
Gresik to construct new plant on Java, Indonesia
PT Semen Gresik says it will start constructing a cement plant on the island of Java next year at a cost of IDR2.802 trillion. A written statement says the new plant, due to be ...
New orders for KHD Humboldt Wedag
KHD Humboldt Wedag GmbH, Cologne, Germany was awarded the contract for revamping the kiln line at Cementir´s cement production plant Arquata with the installation of a new PYROF...
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