Holcim to issue shares at CHF83 each in capital hike, Switzerland
Holcim Ltd announced Friday the final conditions of a previously-announced capital hike, confirming the issue price of CHF83 per share but slightly increasing the number of shar...
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Buzzi Unicem Q1 net swings into profit on higher sales, Italy
Italy’s Buzzi Unicem SpA said it posted a EUR29.1m net profit in the first quarter compared with a EUR17.8m loss a year earlier, thanks to stronger sales.
Kamal to invest Rs 1,000 cr, India
Kamal Cement & Infrastructure Ltd has proposed setting up a 2Mt (in two phases of 1Mt each) cement plant in the Satna district with an investment of Rs 1,000 crore.
Guidelines on cement import freight subsidy, Pakistan
The State Bank of Pakistan (SBP) has issued guidelines to the banks for disbursement of freight subsidy for import of cement.
Government asks cement firms to justify price hike, India
India’s government has asked a body representing cement manufacturers to explain a recent spike in prices and suggest ways they could be moderated, an official said on Wed...
Oman Cement Q1 net up 16 per cent
The 51 per cent government-owned Oman Cement Company (OCC) yesterday reported a 16 per cent jump in its net profit at RO4.943m for the first quarter of 2006. Sales rose to RO11....
Jamaica sends delegation to Cuba to finalise shipment
Jamaica is sending a four-member delegation to Cuba on Thursday [11 May] to finalise arrangements for the shipment of 64,000t of cement in the wake of a protracted shortage on t...
Rinker looks for acquisitions after handout, Australia
Australia’s biggest building materials maker Rinker Group Ltd is fishing for acquisitions as spending on commercial building and infrastructure in the fastest-growing Amer...
Cemex decision not in the national interest, Indonesia
The widely publicised decision by Cemex, to sell its 25 per cent stake in publicly listed PT Semen Gresik (SG), Indonesia’s largest cement company, to local business congl...
PPC planning further capacity boost, South Africa
Double-digit cement demand growth continues according to Pretoria Portland Cement Ltd (PPC) who released their interim results for six months to March.
Tasek Cement post RM11.98m profit, Malaysia
Tasek Corporation Bhd posted a net profit of RM11.98m for the third quarter ended March 31, 2006, a turnaround from the net loss of RM9.95m a year ago, on the back of improvemen...
Titan Cement increases sales, profits in Q1 2006
The Titan Cement Group increased its net profits after taxes and minorities to EUR43m in the first quarter of 2006, up by 58% compared with the same period last year, while sale...
Holcim first quarter net sales up 70 per cent
Holcim has reported a successful start to the new year with investments in India and China create new growth potential. The Swiss major reported higher sales volumes across all ...
Bangladeshi Cement for Nasaka Buildings, Burma
A Bangladeshi cement company, Marbra, has exported its cement to Burma for the construction of Nasaka buildings being built around Maungdaw Township.
Lafarge to build replacement cement factory in Aceh, Indonesia
Lafarge said it will build a new cement factory in Aceh with an annual production capacity of 1.6Mta to be operational in 2008.
Orascom in Libya
Orascom Construction Industries announced that it was awarded a US$40m subcontract by F.L.Smidth of Denmark, a leading global equipment supplier, for the supply of steel structu...
Camargo Corrêa issues US$250m in international bonds, Brazil
Brazilian civil engineering firm Camargo Corrêa has issued US$250m in senior unsecured bonds on international markets, local daily Valor Econômico reported
Foreign players seen in race for Andhra cement
Andhra Pradesh-based Rain Commodities is said to be looking at either partially divesting its stake in its cement business to a strategic partner or entirely selling off the 1.5...
KCCI body to discuss building materials prices issue
The Housing and Construction Industry subcommittee of Karachi Chamber of Commerce and Industry (KCCI) will discuss the prices of building materials in general and cement and ste...
April cement shipments up (and down), India
Indian companies shipped 13Mt of cement in April, up 10.2 per cent from a year ago, an industry body said on Wednesday. Production in April w
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