Lafarge North America hires Merrill to advise on buyout
Lafarge North America Inc. on Tuesday said its board hired Merrill Lynch & Co. to help review the proposed tender offer from France’s Lafarge SA. On February 6, Lafarge S...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Tanzania Govt to sell its stake in Twiga
The Tanzania government is to sell its 30 per cent stake in the Tanzania Portland Cement Company Ltd to the public. The shares will be sold through the Dar es Salaam Stock Excha...
Adelaide Brighton sees an unchanged 2006
Mark Chellew, Managing director of Adelaide Brighton said cement demand was forecast to continue at similar levels in calendar 2006 as it was last year, with growing pressures n...
Carib Cement turns to Cuba
Carib Cement has turned to Cuba to help supplement its cement production, following the shortfall that the company says was due to inclement weather in October last year. The co...
New producer on the horizon
A group of Spanish businessmen, led by Bernard Le Genissel, have announced plans for a new 1.8Mta plant to be built close to Tangiers,
Ship default prompts resale opportunities
A full ship of cement destined to Ibeto Cement, Nigeria will be sold to prospective buyers as a result of default of US$1.0m in time charter payments due to owners. In addition ...
Cement price skyrockets in Guyana
The retail price of cement has hit G$1600 per sack (US$8.44 or an equivalent US$168/tonne on the basis of a 50kg sack) at some outlets outside the city and shows signs that it m...
Energy shortage hits Ugandan cement
Despite donor aid cuts, the Ugandan economy continues to grow, riding mainly on the construction sector. Business & Finance’s Muhereza Kyamutetera asks Mbuvi Ngunze, Hima ...
Cement sector to consolidate further
A year has passed since Holcim in a strategic alliance with Gujarat Ambuja Cements began the process of acquiring 34.71 per cent of ACC with capacity of 16.8Mt, the single large...
Vacuum Cleaner for cement
Specialists of the Novosibirsk-based research and production enterprise ’Vorteks’ developed the world’s only industrial vacuum cleaner intended for cleaning pr...
Omani Raysut Cement profits rise
Omani Raysut Cement Company (RCC) registered a net profit of 10.2 mln Omani rials ($26.5m) and total sales of 28 mln rials ($72.7m) for 2005, according to a statement to the Mus...
Taiheiyo Cement nine months down
Taiheiyo Cement Corp reported a net profit of JPY2.272 billion in the 9 months ending December 31, 2005, a 84.5 per cent decrease from the same period last year. It was on reven...
Cemex to start-up quarry in Los Angeles
Mexico’s Cemex said on Monday it would start operations soon at a quarry in Los Angeles County after a US appeals court moved to allow the project to proceed. The US 9th C...
New packing plant for Padang
PT Semen Padang (SP) is developing cement packing plant in Nanggroe Aceh Darussalam (NAD) to help the government in reconstructing and rehabilitating the province at the afterma...
Vietnam to produce 32.5Mt in 2006
The cement industry projects to manufacture 32.5Mt of cement this year, 3.5Mt more than in 2005, to cope with anticipated increases in demand, the Ministry of Construction said....
No merger plans as of now: BK Birla
The Chairman of Century Textiles and Industries, B.K. Birla, says the group is not looking at merging any BK Birla and AV Birla business as of now. He says the group may look at...
History repeats say Indian financials
How seriously can one take Indian corporate houses when they talk of corporate governance? In 1999, Gujarat Ambuja Cement Ltd (GACL), a well-run, bluechip company blotted its co...
Enugu Govt frustrates reactivation of Nkalagu Cement
The delay in the reactivation of the moribund Nigeria Cement factory, Nkalagu, owned by the five states in the Southeast geopolitical zone, has been attributed to the failure of...
Hetauda Cement resumes production
Hetauda Cement Industry Limited (HCIL) in Nepal has resumed production from Saturday. One of the largest cement factories in Nepal, HCIL had shut down its production since Janua...
Hanson takeover speculation?
Hanson could be the takeover target the City forgot. Shares of the construction materials maker have slowly but surely climbed to a five-year high of 686p, up a further 3p yeste...
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