Cement industry news

21 Apr 2006 Corporate

Siam Cement 1Q net down

Thailand’s Siam Cement is likely to report an on-year drop in its first-quarter earnings as high energy prices cut into profit, analysts said. However, the industrial cong...

21 Apr 2006 Corporate

Cementir shareholders approve 2005 figures

The shareholders’ meeting of Italian cement group Cementir approved on April 20, 2006 the group’s 2005 balance sheet and appointed its new board of directors. The sh...

21 Apr 2006 International

Holcim announces proposed rights issue

Holcim has announced it will propose shareholders at the next AGM on May 12 a SFr1.7bn capital hike in order to support its growth strategy. The shares will be offered to existi...

20 Apr 2006 Corporate

Steppe Cement initiated with "buy"

Analysts at Alfa Bank in New York have initiated coverage of Steppe Cement, Kazakhstan with a "buy" rating. The 12-month target price is set to US$6. In a research note Alfa Ban...

20 Apr 2006 International

Korea’s Samsung involved in Angolan factory

A cement factory with an annual production capacity of 1.2Mt will be built in Sumbe, in Kwanza-Sul province, Angola will be financed by Korean electronics manufacturer Samsung, ...

20 Apr 2006 Trading

Illegal cement workshop found in Baku

Agents of Department for Primary Investigation of Tax Crimes within Ministry of Tax have found an illegal facility in town of Amirajani that was engaged in packaging cement and ...

20 Apr 2006 Environmental

Chat could find a market

The US EPA has proposed criteria for the environmentally protective use of chat in transportation construction projects carried out in whole or in part with federal funds, and i...

20 Apr 2006 International

Carib Cement to assess claims

Carib Cement Co. has dispatched eight inspection teams across the region to assess claims that the company’s production of inferior cement hurt building projects, a compan...

20 Apr 2006 Trading

Illegal trademarks in Georgia

Zemo Svaneti (Western Georgia) regional Police Investigation Department has launched an investigation of the fact of illegal use of the Armenian cement trademark, Public Relatio...

20 Apr 2006 International

Oyak to sell Elazig works

Celalettin Caglar, head of Oyak cement group, said that the group decided to sell its Elazig cement plant. According to Caglar, the company has informed 25 domestic and internat...

20 Apr 2006 Corporate

Holcim Philippines 2005 net profit dips

Holcim (Philippines) Inc said its net profit in 2005 fell 9 per cent to 1.27bn pesos from 1.4bn a year earlier, owing to weak demand for cement.

20 Apr 2006 International

Akmenes cement sales soar

Akmenes Cementas, Lithuania’s only cement manufacturer, posted 19.1 million litas (Euro 5.5m) in sales for the first three months of 2006, a surge of 77 per cent from the ...

20 Apr 2006 Corporate

GCC reports good 1Q results

Grupo Cementos de Chihuahua (GCC) net sales in the first quarter of 2006 increased 42.3 per cent to US$1212.4m pesos. This solid growth reflected higher sales in each of the co...

20 Apr 2006 International

Romanian market records sizeable gains

The Romanian cement market grew 30 per cent on the year in terms of value in 2005, reaching Euro 400m and rose 10 per cent year-on-year in terms of volume to 6.1Mt, according to...

20 Apr 2006 International

Cemex 1Q hits revenue targets

Cemex registered a 14 per cent gain in first-quarter net profit as the company met its sales goals noting that net profit rose to US$505m from US$444m in the year-earlier period...

19 Apr 2006 International

On the road to Damascus

A new cement factory will be built close to Damascus with a cost of Euro 260m and with 3Mta capacity, Syrian daily newspaper of al-Thawra said Tuesday. Ziad al-Za’im, a S...

19 Apr 2006 Corporate

Ashaka Cement raises turnover

Ashaka Cement Nigeria scored high on its balance sheet with an increase of N3.2 billion turnover for the year ended December 31st 2005. According to the company’s audited result...

19 Apr 2006 International

Macquire Research on Indian prospects

Rakesh Arora of Macquire Research Equities, India says that cement supply will not come in for the next two-three years, which may result in cement prices going further up. Base...

19 Apr 2006 Trading

Govt determined to bring down cement prices

The Pakistan Government is keen to bring cement prices down to Rs 280 per bag to give relief to consumer. This was said by Kamran Rasool Secretary Ministry of Industries, Produc...

19 Apr 2006 Environmental

Keystone meeting – no protests

State officials reviewing an air quality permit for Keystone Cement Co.’s US$165m expansion proposed in East Allen Township heard little opposition at a public hearing Tue...