Indonesian Government will not sell Gresik
The Indonesian government has decided not to sell its 51 per cent stake in PT Semen Gresik Tbk, State Enterprises Minister Sugiharto said in a dialogue with the compa...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Wintgens has left the building
Randolph Wintgens has decided to retire from Cemex. He joined Cemex in April 1993 as a Cemex Director in Hong Kong, being the first person from Cemex coming to this part of the ...
Hanson expects 12% profit growth in 2005
Hanson is expecting trading profit to increase by around 12 per cent in 2005 in spite of higher energy costs, with the main improvements coming from the United States and Austra...
Semapa to book EUR390m gain from Enersis disposal
Portuguese cement and paper group Semapa SGPS expects to book a gain of EUR390m from the sale of its 90 per cent in the Enersis renewable energy business to Austrialian investme...
Update on Ilam project
Construction works on the second phase of Ilam cement plant is underway with 27 per cent now complete. All the equipments for the development has been purchased and imported,
Teixeira Duarte boosts stake in Cimpor, Portugal
Portuguese construction group Teixeira Duarte spent EUR60m to boost its stake in the share capital of local cement producer Cimpor from 20 per cent to over 22 per cent.
Akmenes lifts Jan-Nov sales to EUR33m
Lithuania’s only cement manufacturer, posted sales of LTL113.93m EUR 33m) for the first 11 months of this year, a rise of 16 per cent from sales of LTL98.25m a year earlier.
Consumption up 5.1%, Spain
Cement consumption in Spain rose by 5.1 per cent YoY to over 46.8Mt in the 11 months to November 2005, the Spanish cement makers association Oficemen said. Cement output in
Cement tightness will continue, US
US cement makers have reportedly announced 10-15 per cent price increases for January atop a 13 per cent increase in the past 12 months. ‘They probably will stick,’ says Ken Sim...
Aggregate chief Tom steps down
Peter Tom is to step down as chief executive of quarry giant Aggregate Industries and become the group’s part-time chairman. Mr Tom, 65, will be replaced by Bill Bolsover,...
Southern Province cement elects new board
Saudi cement producer Southern Province Cement (SPC) has elected a new board of directors at a general shareholders’ meeting. The board has a three-year term starting from
Warburg sells six per cent stake in Gujarat Ambuja
Warburg Pincus, through its investment units, sold a near six per cent stake in Gujarat Ambuja Cement Ltd. The deal was worth around INR6.5bn. The shares sold by the private
Cement industry turning green
Leading environmental NGO Centre for Science and Environment (CSE) has awarded the Indian cement industry its "Three Green Leaves" rating for reducing pollution but feels it nee...
Cemex ADRs down marginally
ADRs in Mexican cement giant Cemex SA down 0.6 per cent at $60.11. Earlier, the firm said it expects to meet its profit targets for 2005 after nearly doubling sales through a ma...
Vietnam Encourages State firms to issue bonds
Vietnam’s Ministry of Finance, or MOF, is encouraging Vietnamese companies to issue international bonds to raise funds for their domestic investment projects, senior minis...
Padang continues to improve
Cement maker PT Semen Padang in West Sumatra targets a 56.15 per cent increase in net profit to Rp212.23 billion (US$21.2m) from this year’s target of Rp135.91 billion. Th...
Cementos Portland debt increases
The regulator for the Spanish stock exchange, the CNMV, has revealed that as a result of the takeover bid launched by Spanish cement group Cementos Portland Valderrivas on Decem...
New management at UEM
In a strategic move to expand and grow its foray of businesses internationally UEM Group had announced the appointments of two senior directors to spearhead its International Bu...
Capital Expenditure of Semen Gresik rising
PT Semen Gresik (SG) set the budget of capital expenditure as much as IDR700 billion next year, some of which was to develop new facility. The management of the company planned...
China's Sinoma signs US$580m cement deal
China ’s Sinoma International Engineering Co Ltd said it has signed a US$580m deal with Saudi Cement Co to build two cement production lines. The Shanghai-listed engineer...
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