Lafarge upgraded to ’hold’ at SG Securities
Shares in Lafarge SA have been upgraded to ’hold’ from ’sell’ at SG Securities, with an increased fair value target of Euro 89 from Euro 63, dealers said...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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The Cemex 2005 final numbers
Cemex increased its 2005 turnover by 88.0 per cent to US$15,3201.0m and the EBITDA for the year rose by 40.1 per cent to US$3,557.1m. The trading profit improved by 34.3 per ce...
Holcim buys into Gujarat Ambuja
As forecast by CemNet some weeks ago, Holcim Ltd has now said it has just acquired a 14.8 per cent stake in India’s third largest cement maker Gujarat Ambuja Cements Ltd ...
Jaako Poyry wins FR Cement order
Jaakko Poyry Group Oyj, Sweden said its unit Electrowatt-Ekono Philippines has received an order worth Euro 0.9m from FR Cement Corporation. The three-year operation and mainten...
Modification of cement prices
The Syrian Ministry of Economy and Trade issued Decisions No. 286 and 287 whereby the prices of gasoline and cement were modified.
DEP to hold public hearing on cement plant permitting
The Florida Department of Environmental Protection has scheduled a routine public hearing in Branford Tuesday, Jan. 31 from 6 - 8 p.m. at Hatch Park Community Center to hear com...
Venezuelan plant taking shape
Venezuelan authorities planning to invest US$220m in the construction of a cement plant with the help of Iran and have already paid US$48.5m to an Iranian firm as a first instal...
Lucky Cement first half earnings up
Lucky Cement after tax profits have increased by 111.8 per cent in the first six months of the current financial year on the back of higher turnover and gross profit compared with
Investors to set up cement factory in Kogi
Royal HTM Group International and a local firm, Ado Ibrahim Ibrahim and Company Limited, in joint ventures have proposed the establishment of cement factory in Okene area of Ko...
Ash Grove to Spend to expand Foreman plant
Ash Grove Cement Co has announced that it will spend about US$190m to expand its portland cement manufacturing plant in Foreman. The project, to begin in 2007 and take about two...
Cement makers to benefit from construction boost
South Africa’s cement producers are anticipating bumper profits as the government invests billions of rand in infrastructure, and as work starts on a big rail link-up and ...
GBL acquires stake in Lafarge
Belgian holding company Groupe Bruxelles Lambert SA has amassed a 6.5 per cent stake in France’s Lafarge SA over several months after it decided the cement giant was under...
Saudi Cement output reaches 19.8Mt
The cement output of Saudi Arabia’s eight listed cement companies rose to 19.8Mt in the first nine months of 2005 from 19.5Mt in the corresponding period of 2004, recent s...
CEMEX results boosted by RMC
Cemex consolidated net sales for the fourth quarter of 2005 grew 98 per cent to US$3.96bn compared to the same quarter of 2004, mainly as a result of the acquisition of RMC. Maj...
Siam Cement reports 12 per cent fall
Siam Cement, Thailand’s largest industrial conglomerate, reported a 12 per cent drop in full year net profit Wednesday on the back of increased energy costs and a 35-day s...
Cemex’s profits increase again seen up on RMC acquisition
This week a Reuters survey of five analysts forecast, on average, a October-December net profit for Cemex of US$565m, up from US$334m a year earlier, in effect, increasing fourt...
Grasim net falls but cement almost doubles
A downturn in Grasim Industries’ viscose staple fibre and sponge iron businesses has led to the company’s third quarter net profit for the current fiscal falling by ...
Green cement claim on CO2 bias
The Minister for the Environment has sought legal advice on how the EU carbon emissions trading scheme is being applied to the cement sector, on foot of a complaint that it disc...
Lafarge UK to move
Lafarge Cement UK is moving its headquarters from Chilton in Oxfordshire to new purpose-built premises at the NEC, Birmingham. The firm yesterday said the offices would also ser...
Peru’s Cementos Lima 4Q
Rising cement sales helped lift Cementos Lima SA’s fourth-quarter net income to 32.8 million soles (US$9.8m) compared with PEN22.8 million (US$6.8m) in the same quarter in...
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