Semen Padang net profits to soar
PT Semen Padang, a subsidiary of publicly listed cement maker PT Semen Gresik Tbk, is targeting 51 per cent growth in net profit this year to Rp 212 billion (about US$22.3 milli...
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Turkish cement sales seen rising rapidly in 2006
A construction slowdown as a result of rising interest rates will trim Turkey’s cement sector’s turnover, but domestic sales will still grow 20 per cent, the head of...
Andhra Cements to expand cement capacity
According to GP Goenka, Chairman, Andhra Cements, the company’s Phase I capacity is to be increased to at least three million tonnes from the current capacity at 1.7Mt. Th...
Cement prices firm despite monsoons
Cement prices are showing no signs of abatement despite the arrival of the monsoons in some parts of the country. Usually, cement prices go down during the monsoons due to decli...
Cement firm expects industry slump, Philippines
Fortune Cement Corp. expects a decline in sales and demand, or at best, a flat performance for 2006 due to less government infrastructure spending and high energy rates.
Cement plants to raise capacity by 10% to meet demand
Vietnam’s cement plants will raise their capacity by 10% between now and 2008 in order to meet the increasing demand for the product in the country, said General Director ...
Buzzi Unicem acquires 35 per cent stakes in two Algerian
Buzzi Unicem SpA said it is acquiring a 35 per cent stake in Algeria cement company Hadjar Soud for EUR58m and a similar stake in Sur El Ghoziane for EUR52m.
Cement Hranice ups 2005 profit by 32 per cent Hranice
Czech cement maker Cement Hranice raised audited net profit by 31.7 per cent YoY to Kc659.3m in 2005, says its annual report, obtained by CTK. Board chairman Jaromir Chmela said...
Lafarge ups mid-term targets, mulls roof unit sale
Lafarge raised its mid-term targets on Thursday and said it was considering selling its underperforming roofing business as it seeks to boost profits.
Beer, water and cement tax
Uganda’s Dr Ezra Suruma unveiled a budget designed to encourage savings, create a Ush100 billion ($57.1 million) Energy Fund to fight the crippling power crisis and allow ...
Lafarge in the race for Himachal
Lafarge is in the running for setting up an Al Sindi cement plant at Himachal Pradesh’s Mandi district. About half a dozen Indian firms are eyeing the project. This is Lafarge’s...
Carpatcement Holding registers higher profits
Carpatcement Holding SA registered approximately Euro 31m in net profit, and Euro 159m in turnover in 2005, Bursa daily informs on Tuesday. For the current year, the company&rs...
Lafarge plans to invest more in its Moroccan facilities
Lafarge announced its plans to increase and refurbish its cement manufacturing capacity located in Morocco. The group has its manufacturing plants in Tetuan and Tangier plants, ...
Siam City Cement to invest in alternative fuel
Siam City Cement plans to set up a new power plant burning industrial waste, a report in Krungthep Turakij said. Holcim, the major shareholder in Siam City Cement, has been suc...
Fortune Cement approves cash dividend
The board of Fortune Cement Corp has approved a regular cash dividend of PHP0.15 a share to shareholders of record at July 5. The dividend is payable July 31 and will come from ...
CIMA and Vicat disagree over control
Cement Industries of Malaysia Bhd (CIMA) said talks to sell a stake in five of its units to France’s Vicat were unsuccessful because it was unwilling to sell a controlling...
Holcim to buy UK’s Foster Yeoman
Holcim Ltd said it has made a recommended cash offer, via its UK unit Aggregate Industries, to buy the privately-held UK heavy building materials company Foster Yeoman Ltd. Holc...
ICICI in equity pact with Andhra Cement
THE GP Goenka Group-promoted Andhra Cements (ACL) on Monday said ICICI Bank had finalised a Rs 50-crore equity-cum-debt deal with the company. ICICI Bank has picked up six per c...
CRH eyes €2bn deal for US company
CRH is in talks to buy the Ashland Paving and Construction (APAC) company in a deal that could cost up to €2 billion. The building materials group said its US-based subsidiary, ...
Turkish news in brief
Akcansa Cimento Sanayi, a cement company, sent a statement to the ISE and said that it did not participate in the capital increase of its subsidiary Enerjisa Enerji Uretim, an e...
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