German Cement industry turnover up
The sales of German cement sector stood at Euro 1.8bn in 2005, up 5.8 per cent year-on-year, according to Andreas Kern, president of the Association of German Cement Industry. ...
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Votorantim changes strategy for growth
Cement, aluminium, steel, zinc, nickel, pulp, paper, chemical products, energy and orange juice accounted for more than 90 per cent of the Votorantim group net turnover of almos...
Indocement Refinances US$340m debt
PT Indocement Tunggal Prakarsa Tbk will refinance all debt of US$340m through master facilities agreement (MFA) this year. The US$340m debt consisted of the debt from Marubeni ...
New plant for Yemen?
According to Al-Riyadh newspaper (March 7, 2006), Saudi businessman Hussein al-Attas announced that he has decided to build a cement factory in Sanaa, Yemen, following an approv...
Bío Bío 2005 profits up
Chilean company Cementos Bío Bío saw net profits climb 2.49 per cent to 25.9bn pesos (US$48.6m) last year compared to 2004, while fellow cement group Empresas Melón’s bott...
Qatar National Cement approves dividend
Qatar National Cement Company (QNCC) will pay a 50 per cent cash dividend for 2005, the general shareholders’ meeting decided on March 7, 2006. The company already distri...
CNBC to opt for IPO
The rapid growth in China’s construction sector as well as the current liquidity and sentiment-driven appetite for Chinese paper are likely to be key themes during the road show...
Semen Gresik aims to maintain 45 per cent share
Indonesia’s largest cement producer PT Semen Gresik is aiming to maintain its domestic market share at 45 per cent this year by reducing sales overseas, said company fina...
Eurocement to build $100m plant in Krasnoyarsk Region
Russian cement producer Eurocement plans to build a US $100m cement plant in the Krasnoyarsk Region, Anatoly Tikhonov, deputy governor of the region, said Tuesday. The annual ...
Raiffeisenbank opens credit line to Dontsement
Raiffeisenbank (Ukraine), one of the largest banks in Ukraine, has opened UAH 14.14 million credit line to Dontsement company (Amvrosiivka, Donetsk region). The credit is provi...
Shiva Cement hikes prices
Shiva Cement Ltd., has informed Bombay Stock Exchange that the company has announced an increase in selling price by Rs 20/22 per bag with effect from March, 2006 in view of in...
Cement bid refused to encourage competition
Keeping cement prices low was the main reason behind the Commerce Commission banning Fletcher Building’s bid for W. Stevenson & Sons last year. The commission believed by ...
Ciments Francais net profits up significantly
Ciments Francais reported on Wednesday a 37 per cent rise in 2005 attributable net profit to 421.6 million Euros helped by booming construction markets and lower financial cost...
Rise in cement price unfair, say builders
The apex organisation of builders in Rajasthan has expressed concern over escalation in cement prices due to alleged cartelisation of big players in the sector. The cement indus...
Lafarge India launches new cement
Lafarge India, a part of Lafarge Group and the market leader in eastern India, has launched a premium variant called Lafarge Concreto. Concreto was developed by Lafarge’s ...
Capital Group increases stake in Holcim
Holcim Ltd said Wednesday that Capital Group of the US has slightly increased its stake in the Swiss cement maker to 10 per cent from 9.99 per cent previously. The stake transl...
Court suspends sale of Ladik cement
The council of state, the top administrative court, in Turkey ruled for the suspension sale of Ladik cement plant to Turkerler Insaat. Akcansa gave the best bid in the tender he...
Italcementi 2005 net profit up 16 per cent
Italian cement maker Italcementi’s group net profit rose 16.2 per cent to Euro 540.6m in 2005 as tax benefits and growth in emerging markets offset a price slump in Italy....
Indocement sees its capacity up 600,000t in 2006
PT Indocement Tunggal Prakarsa (part of the HeidelbergCement Group) said it may boost its cement capacity by 600,000t this year following a US£20m optimisation of its plant. It...
Blue Circle Southern Cement taps Pavilion Technologies
Pavilion Technologies, a world leader in model-based software, today announced that Blue Circle Southern Cement (BCSC) has tapped Pavilion to provide a model predictive control ...
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