Local cement plant at capacity
According to the Associated General Contractors of America, total consumption of cement in 2005 was 126Mt, 29Mt more than domestic producers could make. Imports accounted for 24...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Murli Agro to enter cement market
Murli Agro Products (MAPL) has decided to enter the Indian cement market. The company is setting up a 2.1Mt greenfield cement manufacturing plant in the Chandrapur district of M...
Qatar keen to import rock from Philippines
Qatari businessmen have reportedly shown keen interest in importing concrete aggregates from the Philippines to support the growing demand for cement required for several infras...
Cement prices up on high demand
Increased cement demand and no major capacity addition from large Indian players will keep cement prices on firm ground for most of ’06 and ’07. The tight demand-supply situatio...
Withdrawal of subsidy on imported cement urged
The All Pakistan Cement Manufacturers Association (APCMA) general body meeting has expressed the hope that the government will reconsider the Economic Coordi-nation Committee (E...
Building boom in Barbados
The current building boom, fuelled by preparations for Cricket World Cup 2007, will likely ’taper off’ within three years, says a leading player in the construction ...
Environmental designs honoured
Bangkok will host the first global Holcim Awards tomorrow, in which 15 of the most environmentally friendly architectural, industrial, engineering and urban planning designs fro...
Demand for cement rising in Malaysia
What are Tasek’s prospects over the next five years? Barring any unforeseen circumstances, we expect demand for cement sales in Peninsular Malaysia over the next five yea...
Pakistan to import cement
Pakistan is set to import 400,000t of cement to stabilise prices following rising demand. A vessel with nearly 32,000t of cement is due to arrive from China early next month, wh...
UltraTech Cement Q4 net rises
UltraTech Cement is to announce its Q4 and FY06 results. According to estimates, its Q4 net profit is expected to go up from Rs 4.94 crore to Rs 69.1 crore.UltraTech Cement is t...
Limak, Sabanci interested in Elazig
According to the daily Dunya, Limak Group, Sabanci Group are interested in Oyak’s Elazig cement plant. This week, Oyak Group announced that it decided to sell the plant and info...
Semapa says starts 175 mln euro bond issue
Portuguese conglomerate Semapa has begun a 10-year, Euro 175m bond issue in a private placement, the company said on Friday. The issue was launched on Thursday, Semapa said in ...
Caixa triples Cimpor stake
State-owned savings bank Caixa Geral de Depositos bought 20 million shares of cement company Cimpor SA more than tripling its stake to 4.6 per cent. In a regulatory filing Cim...
Saudi cement sector outlook
According to data currently available, projects currently under execution in the GCC amount to about $620bn. Out of these, Saudi Arabia is believed to account for about 29.3 per...
Arabian Cement Company sales
The sales revenue of ACC for the year 2005 increased by 18.7 per cent to SR687.2m from SR578.8m in 2004. The cost of sales of SR338.7m, on the other hand, was higher by 7.5 per ...
Lafarge raises buy-out offer again
Lafarge has further increased its bid to buy out Lafarge North America Inc. minority shareholders to US$85.50 a share from US$82 earlier, the world’s biggest cement maker...
Carib cement looks to the export market
Caribbean Cement Company (CCC), the local subsidiary of Trinidad Cement Limited, will be looking to export cement to territories in the Caribbean Basin including Florida by 2009...
Guyana’s first bagging plant
Guyana’s first cement bagging plant will be completed by mid-year company executives here said. Trinidad Cement Limited (TCL), which is setting up the operation, said all...
Votorantim expanding production base
Votorantim Cimentos, with a 40 per cent hold in the Brazilian cement market, is investing US$100m to expand its Sergipe-based plant which might be used to increase export sales ...
China’s output of cement in February 2006
China produced 57,486,300t of cement (all grades) in February 2006. The output in January-February reached 122,384,100t, up 21.3 per cent year on year, according to the National...
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