Eurocement group to invest in Lipetskcement
Eurocement group will invest RUR537m in development of Lipetskcement within two years to maintain and boost capacities, automate production, develop quarries and infrastructure ...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Cemex hires JP Morgan to advise on Gresik sale
Cemex Asia Holding Ltd has named JP Morgan Securities as its financial advisor in its plan to sell its 25.53 per cent stake in state cement company PT Semen Gresik, a report sai...
Yamama Cement seen more promise
Saudi cement producer Yamama Cement Company expects a 50 per cent year-on-year increase in its net profit for the first quarter of 2006 to 150 mln Saudi riyals (US$40m), the com...
Holcim offer for Gujurat Ambuja delayed
Holcim Ltd.’s open offer for Gujarat Ambuja Cements Ltd. , which was scheduled to open on March 25, will be delayed by a few days, a source close to the offer said on Frid...
PPC awards contracts for cement expansion project
South Africa’s largest cement producer PPC has awarded four major contracts for its R1.36bn Batsweledi expansion project, which has been tweaked to produce more cement wit...
Cuban imports designed to force prices down
Venezuela will begin to receive this week the first consignments of 500,000t of Cuban cement to help resolve the existing supply deficit in the market, local press quoted housin...
Kuwait Cement profit up almost double
Kuwait Cement said its 2005 profit jumped 95 per cent to KD37.7 million (US$129m), almost 77 per cent of it in ’unrealised profits’. The company said in a statement ...
Saudi Arabian Cement posts higher profits
Saudi cement producer Arabian Cement Company (ACC) based in Jeddah posted a net profit of 330.9 mln Saudi riyals (US$88.2m) for 2005, up 306.4 mln riyals (US$81.7m) a year ago. ...
Government appeal to cement makers
The Andhra Pradesh Chief Minister, Dr Y.S. Rajasekhara Reddy, has urged the members of the AP Cement Manufacturers’ Association (CMA) to supply cement at substantially red...
Cement prices up despite low sales
The demand for cement in Vietnam was low in the opening months of 2006, at just one half of the consumed volume in the first half of 2005, according to the Trade Research Instit...
Results of tender to explore and develop
Saratovnedra announces deadline for accepting bids for exploration and development of the Tersinskoye limestone deposit located in the Saratov region. Among bidders are those of...
Terminal traffic fears
An extra 21,000 trips by heavily loaded trucks will be added to already congested roads around the Anzac Bridge each year if plans for a new cement terminal at White Bay are app...
China building firm surges on US$231m debut
Shares in China National Building Material Co. (CNBM) surged 18.2 per cent in their US$231m Hong Kong trading debut on Thursday, as investors clamoured to profit from China&rsq...
Semen Gresik fined
The Business Competition Supervisory Commission (KPPU), a state-sanctioned antimonopoly agency, found cement maker PT Semen Gresik guilty on Wednesday of unfair business practic...
Germany’s HeidelbergCement eyes more India buyouts
HeidelbergCement is in talks with cement makers in south and central India for buyouts and joint ventures at valuations of between US$80 and US$120 per tonne of capacity, a seni...
Cemex announces construction of new cement mill in Spain
Cemex has announced that it will invest over Euro 47m in the construction of a new cement mill and dry mortar production plant at the Port of Cartagena, in Spain. The new facili...
HeidelbergCement enters India
HeidelbergCement has concluded a 50:50 joint venture agreement in India, consisting of
CCCL commences kiln expansion project
Caribbean Cement Company (CCCL) yesterday (March 16) broke ground for its Kiln 5-expansion project, which will be undertaken over the next three years. The project is part of th...
Ministry approves JCFC cement imports
The Jordanian Ministry of Industry and Trade on Tuesday approved a decision allowing the Jordan Cement Factories Company (JCFC) to increase its imports of cement to help meet ma...
JP Morgan investing in Andhra Cements
Global finance major JP Morgan is investing Rs 73 crore by way of debt and equity in Andhra Cements Ltd. The size of the equity has been pegged at Rs 24 crore and it would be ...
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