CRH boss’s EUR6.5m pay package
CRH handed its chief executive Liam O’Mahony a staggering €6.5m shares and stock options package last week, shattering Irish pay records in the process. O’Mahony, wh...
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Pavilion Technologies strengthens presence in China
Pavilion Technologies, a world leader in model-based software, today announced the opening of a new office in Shanghai, China, to meet manufacturers’ growing demand for so...
Andhra Cements to enhance cement manufacture, India
One of India’s leading cement manufacturers, Andhra Cements, has planned to increase its manufacturing Phase I capacity from the current 1.7Mta to 3.0Mta.
HeidelbergCement JV raided by Cartel Office, Germany
HeidelbergCement AG, Germany’s biggest cement maker, said a joint venture was raided by German antitrust officers who are investigating price fixing in the erection of sil...
Qatar, cement supplies improved
Cement supplies in Qatar have stabilised recently but demand is still outstripping supply, reported The Peninsula. Construction industry sources have said that the huge projects...
Portland set to acquire stake in Kigali Cement, Rwanda
Buoyed by a strong balance sheet and a reduced cost of doing business, East African Portland Cement Company (EAPCC) has signed a joint venture with Rwanda’s Kigali Cement Compa...
Cementos Molins may seek more acquisitions
Smarting from its failure earlier this month to acquire fellow Spanish cement producer Uniland, Spanish cement group Cementos Molins is looking to other opportunities for growth...
Lafarge could sell some German activities
Lafarge is expected to sell its business with roof-tiles, which would mean the withdrawal of the group from large parts of its German operations. The company says that it is sti...
China National Building to acquire cement business?
China National Building Material Co Ltd (CNBM) said it is in talks with certain independent third parties regarding the possible acquisition of a cement business operating in Ch...
Strengthening of aggregates in the US
Aggregate Industries, a wholly owned subsidiary of Holcim Ltd, has agreed to acquire 100 per cent of Meyer Material Company (Meyer) for US$231m from US Equity Partners, LP and P...
Basic Element, Inteco plan cement plant, Russia
Russian holding Basic Element plans to build a cement plant in Russia’s Ryazan Region jointly with Inteco company, Russian business daily Vedomosti said Friday, citing sou...
China’s output of cement in April 2006
China produced 103,750,900t of cement in April 2006. The output in January-April reached 319,781,100t, up 21.8 per cent year on year, according to the National Bureau of Statist...
FLSmidth & Co wins Iran kiln order
FLSmidth & Co AS said it has won a Euro 35m order from Fars & Khuzestan Cement Co’s Abyek Cement unit to expand and modernise a cement production line in Iran. Capacity at...
Lafarge planning US plant expansion
Lafarge wants to invest in its cement plant in the southern Illinois town of Joppa. A spokesman for Lafarge North America says the company is seeking permits for the upgrade an...
Toros Cimento plans investment in cement plant
Konya Cimento announced that its affiliate Toros Cimento will establish a new cement plant with an annual capacity of 1.5Mt in Karaman with US$120m investment. Toros will start ...
Cementos Lemona files delisting application
Cementos Lemona SA has applied for delisting from the Madrid and Bilbao stock exchanges, the Spanish stock market regulator CNMV informed on June 22, 2006. The move was approve...
Kampala University sues Hima Cement
Kampala International University (KIU) has dragged Hima Cement to court over failure to supply cement to their teaching hospital in Ishaka. The university is seeking sh2.6b in ...
More cement imports for Libya
According to El-Bayan newspaper (June 21, 2006), sources in the Libyan National Company for Real Estate and Tourism Investment and Development revealed that the company will imp...
Vietnam: construction material market remains stable
The Vietnam Cement Association said demand for cement will increase from now till the end of the year. But the price of cement will remain stable at between VND750,000 and VND80...
Customs stops imported cement in Karachi port
The Central Board Revenue (CBR) has become a stumbling block in the government’s efforts to provide cheap cement to the consumers as customs authorities have created misconcepti...
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