Lafarge Romcim sees higher 2006 turnover
Romanian cement producer Lafarge Romcim, a unit of French building materials group Lafarge, expects its turnover to reach Euro 190m in 2006, the company said on May 18, 2006. T...
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OCL India to raise funds for capacity expansion
OCL India Ltd is planning to raise funds to expand its Rajgangpur plant to 3.8Mta from 1.8Mta. Total cost of the capacity expansion programme has been estimated at US$150m. The ...
Cement dealers in Central Mindanao warned
A cement manufacturer and trade officials have warned cement dealers and retailers in Central Mindanao against jacking up prices due to temporary supply shortage noted in the la...
FCCL considering expansion plan
Fauji Cement Company Limited (FCCL) is considering an expansion plan to increase its production capacity from 1.165Mta, to 3.15Mta. The FCCL is planning to add a new production ...
Govt to reject Rajawali bid for Cemex stake
The Indonesian government will turn down the request from Mexican-based cement giant Cemex to approve an offer from the Rajawali Group to purchase Cemex’s shares in state-...
Cotu warns EAP over lay-offs
The umbrella workers’ union yesterday accused a local cement manufacturing firm of arbitrarily dismissing 115 workers. Cotu secretary general, Francis Atwoli, accused the...
IFC offers loan to Chinese cement producer
The International Finance Corporation (IFC), the private sector arm of the World Bank Group,signed a US$50m loan agreement with Shanshui Group, a leading cement producer in east...
Southern firms to hike cement prices
Going against instructions from the commerce ministry to reduce cement prices, companies in the south have actually hiked prices, saying that prices will always remain a functio...
Ban likely to be placed on cement import
The Pakistan ministry of commerce has decided to ban the import of cement, and the government has also decided to extend the period allowed for export to the local companies on ...
Cement duty waived
Two shipments from Cuba are expected in June, two in July and a fifth in August. The Jamaican government yesterday announced a three-month waiver on the 15 per cent tariff paid ...
Construction pushes up production in Tanzania
Construction of houses and other infrastructural facilities in Tanzania have pushed up cement production, reaching 35,000 tons in the first quarter of this year, local media rep...
No effective way to curb cement prices
Short of bringing Indian produced cement under the Essential Commodities Act which would be seen as "too anti-free market" there is no other way to meaningfully and effectively ...
Taiheiyo net profit down, revenues up
Taiheiyo Cement Corp, Japan, decreased net profit by 36.9 per cent to JPY9.1 billion for the year to March 31, 2006. Revenue increased 3.9 per cent to JPY906.7 billion, operati...
Court rejects Russia Partners claim
The Moscow Arbitration Court rejected Tuesday a 3.35 billion ruble lawsuit filed by US-based investment fund Russia Partners against Russia’s Eurocement Group. The court ...
Lafarge now owns 100 per cent of Lafarge North America
Lafarge has today announced that it has successfully completed its acquisition of the remaining shares of Lafarge North America that it did not acquire previously through its te...
Indonesian government may form consortium to buy Gresik stake
The government might form a consortium of state-owned companies to join Rajawali Corporation to take over the 24.9 per cent stake of Cemex in Semen Gresik (SG). The decision was...
High interest for Camargo Corrêa bonds, Brazil
International markets gobbled up last week US$1.2bn worth of senior unsecured bonds issued by Brazilian civil engineering firm Camargo Corrêa’s, local daily Valor Econômic...
First cement consignment arrives, Pakistan
First consignment of cement, under duty-free regime, arrived at the Karachi port on Monday. The vessel, named F Kala, carrying 26,800t cement from Chinese port of Zheng Jiang, a...
Mogensen feeders for Lafarge, UK
Mogensen has received an order for eight Type TR1 vibratory feeders for installation in the Lafarge Cement Northfleet Works.
Chilanga Cement spends on plant upgrades, Zambia
Chilanga Cement has spent K54.3bn over the past two years on maintaining its plants, company chairman Muna Hantuba has said. Reviewing the year ended December 31, 2005 at the c...
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