QCCI Committee to discuss cement crisis
The Contracting Committee at the Qatar Chamber of Commerce and Industry (QCCI) will tomorrow meet to discuss the cement crisis in the local market. An invitation to the meeting ...
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HeidelbergCement Buys majority stake in Kartuli Cement
HeidelbergCement AG said Tuesday it has bought a 51 per cent stake in Georgian cement producer Kartuli Tsementi, investing for the first time in the Caucasus region. The Georgi...
Egyptian Ameriya Cement net profit up
Egyptian company Ameriya Cement almost doubled its consolidated net profit to 74.1 mln Egyptian pounds (US$12.8m) in the first quarter of 2006, compared to 40 mln pounds (US$6.9...
Heracles Cement returns to profitability
Greek cement producer Heracles , majority-owned by France’s Lafarge , on Tuesday reported first quarter net profit of Euro 2.6m, compared to a loss of Euro 3.2m last year....
Lehman Brothers becomes second largest shareholder in Italcementi
Through its International Europe division, investment bank Lehman Brothers now owns 2.35 per cent of Italcementi, making it the second largest shareholder in the Italian cement ...
Italcementi looks to China for further growth
Italian group Italcementi, the world’s fifth cement producer, has been planning to further strengthen its positions and enter the eastern countries, eyeing China and its m...
Holcim places 99.9 per cent of new shares
Holcim has sold 99.9 per cent of the new shares issued under its latest SFr1.7bn rights issue, the Swiss cement maker’s UBS Investment bank announced. In total, 21.055m ...
DOE assesses the use of energy at Holcim
The US Department of Energy recently conducted a three-day industrial energy saving assessment at the Holcim facility near Morgan as part of a national energy efficiency effort....
Cemex turns down government offer
Cemex SA has turned down the government’s proposal to buy the company’s shares in state-owned cement maker PT Semen Gresik (SG), saying that most of the government&r...
China’s output of cement in March 2006
China produced 92,636,700t of cement in March 2006. The output in January-March reached 215,547,900t, up 23.3 per cent YoY according to the National Bure
Venezuela to set up US$221m cement plant
Venezuelan President Hugo Chavez announced that the country will set up a US$221m cement plant in Maturin, in the Venezuelan northern state Monagas.
Qatar cement shortage
A serious shortage of cement has hit the construction industry in Qatar, reports The Peninsula
Malaysia’s CIMA targets five per cent revenue growth in 2006
Cement Industries of Malaysia Bhd (CIMA) said on Monday it aimed to boost revenues and return on equity this year. The cement maker said in a statement to the exchange it was ta...
Cement plants working at full tilt, South Africa
Cement plants are creaking under pressure from rising demand, and some of SA’s largest cement makers have experienced breakdowns at plants that are being run flat out, rep...
Shareholders urged to back buyout of Chinea Resources Cement
China Resources (Holdings) took a step closer to privatising its locally listed cement subsidiary when an independent financial adviser hired by the company recommended sharehol...
Belgium’s GBL says has 10 per cent in Lafarge
Belgian holding company Groupe Bruxelles Lambert (GBL) now holds over 10 per cent of Lafarge , according to a statement from Euronext Brussels on Monday.
ICI Bank buys 6% stake in Andhra Cement
ICICI Bank has finalised a deal with the GP Goenka group-promoted Andhra Cement (ACL) to pick up a 6% stake in the company for Rs 50 crore.
Lafarge Malaysia urges government to raise cement ceiling price
Lafarge Malayan Cement Bhd has been in talks with the government to raise the ceiling price of cement above the current 198 rgt per tonne,
Broceni cement factory’s category A pollution permit extended
The State’s Environmental Bureau (SEB) has decided to extend Liepaja’s Regional Environmental Administration’s (LREA) issued category A pollution permit for "C...
Saudi YCC Q1 2006 net profit up
Saudi cement producer Yamama Cement Company (YCC) posted a net profit of 158.7m Saudi riyals ($42.3m) for the first quarter of 2006, down from 102.8m riyals ($27.4 mln/21.5 mln ...
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