China Resources to take its cement arm private
China Resources (Holdings) Co. Ltd. said on Monday that it plans pay HK$428m (US$55m) to take its cement arm, China Resources Cement Holdings Ltd, private. Through its wholly-o...
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CIMA suggests a smaller stake to Vicat
Cement Industries of Malaysia Bhd (CIMA) is keen to sell a share of its assets to French cement manufacturer VICAT SA but the stake may be smaller than the 51 per cent reported ...
Cement terminal plan angers residents
Local anger at plans for a A$32m industrial complex on Sydney Harbour came to a head in the streets of Balmain yesterday. Reportedly, more than 100 people turned out to protest...
Russian court cancels antitrust ruling
Russia’s Ninth Arbitration Court of Appeals ruled Friday to cancel a ruling of the Federal Antimonopoly Service (FAS) obliging Russian cement producer Eurocement to cease its al...
China needs plan to meet energy targets
China’s government must produce firm plans to curb energy demand growth and pollution emissions before oil markets can judge how serious the country is about meeting its t...
Cement crisis no surprise
Ellis Hazel, said the current cement crisis in the Caribbean “did not just creep up on” the region. “It was showing signs that we would have a crisis, especially leading up to W...
Ministry forecasts US$1bn in Japanese investment
Vietnam expects to draw US$1 billion in foreign direct investment (FDI) from Japan this year, according to the Ministry of Planning and Investment (MPI). Japan is ranked as thir...
Carib Cement addresses its problems
Caribbean Cement Company (CCC), a subsidiary of Trinidadian-based TCL Group, finds itself having to address questions about its inability to supply the entire local market and t...
Cement prices firming up on strong demand
Indian cement prices are once again displaying signs of firmness in several cities. This time, strong demand in the pre-monsoon period, rather than rising freight costs for manu...
Texas Industries 3Q down
Texas Industries Inc.’s (TXI) fiscal third-quarter profit fell 29 per cent from a year-earlier period that included income of US$14.5m from discontinued operations. The Da...
Heracles shows higher earnings
Heracles General Cement Company has reported consolidatedprofits before tax of Euro 134.1m in 2005 and earnings for the parent company of Euro 123.4m in the same year.The Heracl...
Egyptian Alexandria Cement net profit climbs
Egyptian cement producer Alexandria Cement registered a surge in consolidated net profit to 194 mln Egyptian pounds (US$33.8m) in 2005, compared to 52.3 mln pounds (US$9.1m) in ...
US cement import quotas from Mexico
The agreement between Mexico and the US to end their 16-year dispute over cement exports will come into force April 3 and the Mexican government has published the list of export...
Mysore Cement stake sold
The Indian ICICI Bank has sold its entire 8.5 per cent stake in the SK Birla promoted Mysore Cements (MCL) to SBI Mutual Fund and Templeton Mutual Fund for a consideration of Rs...
Buzzi Unicem 2005 net profit jumps
Italian cement and construction firm Buzzi Unicem posted a 46 per cent increase in 2005 net income to Euro 255.6m, helped by growing cement sales, it said in a statement on Thur...
Markets tending to firm up once again
Tension mounted last week between iron ore suppliers, particularly Australia, and their main client, China, which does not help to clear the view about which direction the marke...
FLSmidth and Iraq’s oil for food programme
The Public Prosecutor for Serious Economic Crime has decided to raise charges against FLSmidth A/S as well as against several other Danish companies.
Vassiliko Cement to produce energy needs from waste
Vassiliko Cement, Cyprus, has intensified the drive to modernise its operations to cut costs, improve production and to produce up to 40 per cent of its energy needs from locall...
Portland Cement quizzed on auditing procedures
Analysts have asked Portland Cement Limited, whose majority shareholder is Lafarge, to engage an independent auditing firm to investigate the financial scam that has resulted in...
Gulf Cement Company looks for sizeable expansion
The Ras Al Khaimah based Gulf Cement Company (GCC) has registered a profit of AED 502.49 million during the year 2005, up from AED 186.74 million in 2004.
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