Cemex looks towards Q2 operating income boost
Cemex expects to report a second quarter operating income of US$840m, a 12 per cent increase over the same quarter in 2005, according to a company press release. "We are increa...
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East African Portland in Sudan
The East African Portland Cement Company (EAPCC) has pitched camp in Southern Sudan after it was granted a licence by the regional government to open a warehouse in Juba.
Holcim Romania sees 2006 sales rising
The Romanian unit of Swiss cement producer Holcim Ltd. expects its 2006 sales to rise in line with the overall domestic market growth projected at eight to 12 percent, a senior ...
TPI Polene Plc plans to issue bonds
TPI Polene Public Company Limited. (TPIPL), Thailand’s third largest cement maker, plans to issue baht-denominated bonds worth about US$650m to refinance debt.
Malaysia’s CIMA says resumed talks with Vicat
Cement Industries Malaysia Bhd (CIMA) said it has resumed discussions with French cement company Vicat SA for the latter’s plan to acquire controlling stakes in five CIMA ...
Cement factory for Afghanistan
Two private companies have agreed to launch three large projects in Afghanistan, including a hydropower plant, the construction of cold storages and the establishment of a cemen...
Relaxed procedures help ease imports into Qatar
Triggered by the construction boom Qatar still faces cement shortage, but the relaxed procedures have facilitated the import of about 3.8Mt of clinker and different types of cem...
Rajawali is credible investor says Minister
The Ministry of State Owned Enterprises finally concluded that Rajawali Corporation is a credible investor to acquire 24.9 per cent interest of PT Semen Gresik from Cemex. In th...
Akçansa makes major Canakkale investment
With a proposed spend of US$135m, Turkish producer Akcansa will increase its clinker production capacity to 5.7Mt and
Market fundementals promote rate gains
As freight rates are still improving, rumours and discussion are multiplying about long term time charter deals, but further to this seasonal movement another question has aris...
New cement silos for CHC
Chia Hsin Cement Greater China Holding Corporation (CHC) has announced that its two new cement silos in Zhenjiang City, Jiangsu Province, the PRC
Penden to produce cement in Bangladesh
The Penden Cement Authority Limited in Gomtu, Bhutan and a Bangladeshi company have agreed on a joint venture to produce cement, which is described as a sure ’win win situ...
Block units hit hard by cement shortage
The ongoing cement shortage has badly affected the companies making cement blocks, said a report in a local Arabic daily. “Because of the shortage, we hardly can meet half of th...
Cement prices expected to increase soon
Cement prices in the UAE are expected to rise in the coming weeks, an industry source said yesterday. A meeting between the Ministry of Economy officials, contractors and repres...
Baltsem increases cement production
In May 2006, the Baltsem plant (Balakliya, Kharkiv region), majority-owned by the Russian Eurocement Group, increased cement production by 69.6 per cent or 113,000t, compared to...
Mayor approves inquiry into cement companies
Mayor Braulio Yaranon has approved a City Council resolution, which called for a congressional inquiry on the alleged overpricing of cement by select manufacturers. The resoluti...
Arabian Cement to pay cash dividend
Saudi cement producer, Arabian Cement Company (ACC) will pay a 12 per cent cash dividend for the first half of 2006, the company said on June 15, 2006. The total dividend to be...
Eurocement Group Ukraine to sell into Middle East
Eurocement Group Ukraine plans to enter the markets of the Middle Eastern countries, focusing on Syria, Pakistan, Iraq and Turkey, company CEO Hennadii Donets said. Currently t...
Thailand’s cement sector
Domestic cement sales volume has dropped gradually since 1Q05 while YoY growth rate encroached on negative territory in 4Q05. With the gloomy economic outlook, any improvement i...
China Resources last trading set July 13
China Resources Cement Holdings Ltd said shares in the company will trade on the Hong Kong stock exchange for the last time on July 13 ahead of its listing withdrawal from the...
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