Taiwan Cement to sell Conch subsidiary stake
Taiwan Cement Corp said its unit TCC International (Jiang-su) Ltd is expected to realize gains of about US$3.57m from planned sale of shares in China-based Xuzhou Conch Cement C...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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CIM shares rise to two-year high
Shares of Cement Industries of Malaysia Bhd (CIM) rose to their highest in two years on news that it is selling some assets to a French firm. The cement maker gained 16.1 per ce...
TPI reports decline in profits
TPI Polene Plc projects consolidated sales growth of between 15% and 20% this year from 21.4 billion baht in 2005, according to senior vice-president Prasert Ittimekin. Thailan...
Cemex wants to sell Gresik stake
Cemex wants to sell its 25.5 per cent stake held by its Cemex Asia Holding Ltd unit Indonesian state cement firm PT Semen Gresik, Antara News Agency said. Cemex Asia Ltd sent a...
Irish Readymix operating profits fall
Irish cement maker Readymix PLC reported operating profits below expectations for 2005, after performance was hit by fierce competition and rising transport, energy and raw mate...
Italy Cementir authorised to buy 4K-Beton
Italian cement group Cementir, a unit of local construction company Caltagirone, received authorisation to acquire Denmark’s second largest concrete producer, 4K-Beton, a ...
Hanson is back in the game
Hanson has made a splash in the UK cement and aggregates sector with its purchase of Civil & Marine. The purchase made the company’s founder and chairman Mike Uren, some U...
New orders for FLSmidth
Holcim has awarded a US$247m contract to FLSmidth for their new plant at Ste Genevieve, Missouri. Located on the Mississippi River, this greenfield plant will feature the larg...
Holcim pleases JP Morgan
Holcim’s 2005 EBITDA was SFr 4757m, SFr43m higher than analysts at JPMorgan (JPM) were forecasting. Holcim reported 2005 earnings of SwFr 1540m, in-line with JPM forecast of SwF...
Steppe Cement awards contract
Steppe Cement Ltd said its subsidiary Karcement in Kazakhstan has closed the tender process and has awarded the contract for reconstruction of the raw mills, pre-heater, kiln an...
Gujarat Ambuja February cement shipments
Gujarat Ambuja Cements Ltd, India’s third-biggest cement maker, said on Wednesday its February shipments rose 15.6 per cent from a year earlier to 1.07Mt. Production in th...
Pollution eating cement – made in Italy
Italcementi has produced a new type of photocatalytic cement called TX Active, which can reduce the organic and inorganic polluting elements in the air. The product is the resul...
Aditya Birla shipments up
Aditya Birla group, India’s top cement producer, said on Thursday its February cement shipments rose 16.1 per cent from a year ago to 2.54Mt. The group, including flagship...
Anti-dumping – winners and losers
Mexico and the US plan to ratify on March 6 an agreement to end a long-standing trade dispute over cement, a spokesman for Mexico’s Economy Ministry said Wednesday. Econo...
Oman Cement net rises to RO18.2m
The 51-per cent government-owned Oman Cement Company (OCC) yesterday announced a record net profit of RO18.224 million for the year ended December 31, 2005. More details are not...
Cement cos to build on core play, India
The cement sector found no mention in the Budget, but there was much cheer in the industry due to the increased emphasis on infrastructure, which is expected to boost cement dem...
Indonesia industry Minister against plan to impose custom duty on cement
Industry Minister Fahmi Idris said a plan to impose a custom duty on cement was inappropriate, arguing it was against the existing legislation.
Italcementi news
Italian cement group Italcementi does not hold shares in Italian insurer Assicurazioni Generali SpA, Italcementi CEO Carlo Pesenti said on February 28, 2006.
Antitrust chief says may increase fine on Eurocement, Russia
Russia’s Federal Antimonopoly Service (FAS) may increase Russian cement producer Eurocement Group’s fine to 8 billion rubles from the current 2 billion rubles, if the comp...
Indocement warns higher costs in 2006, Indonesia
Indonesia’s second largest cement maker, PT Indocement Tunggal Prakarsa Tbk, expects production costs will rise this year due to high energy costs, inflation and interest ...
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