Activity levels down
In a market that lacks direction, the news coming from China is also playing on shipping players’ nerves. First the lobbying body of local steel makers, the CISA, announce...
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NTPC may export fly ash to Middle East
India’s National Power Thermal Corporation (NTPC) is exploring the possibility of exporting fly ash to the Middle East, an official disclosed. The disposal of fly ash is one of ...
EU action on sluggish uptake of pollution law
The European Commission is set to take action over member states’ slow pace of implementation on a key piece of EU environmental policy. Brussels is apparently unhappy that its ...
JP Morgan building stakes
Leading foreign private equity majors such as JP Morgan are interested in acquiring equity stakes in Indian cement companies. Foreign funds are reported to have evinced interest...
India Associated Cement Oct sales
Indian cement leader Associated Cement Cos. Ltd.reported a 7.9 per cent rise in October cement sales to 1.51Mt, up from 1.40Mt in the year-ago month. Cumulative sales for the A...
FCC’s cement unit could spend Euro 900m
Spanish construction company Fomento de Construcciones y Contratas SA’s (FCC) cement unit Cementos Portland Valderrivas SA is considering investments for as much as Euro 9...
Lafarge North America Q3 net up
Lafarge North America, owned 54 per cent by Lafarge SA, said third quarter net profit rose to US$172.1m from US$165.6m in the same period last year, on the back of price increas...
Saudi Arabian Cement Co Net Profit Down
Saudi cement producer Arabian Cement Company (ACC) posted a net profit of 252 mln Saudi riyals (US$67.2m) for the first nine months of 2005, down 3.5 per cent year-on-year.
Gujarat Ambuja Oct cement shipments fall
Gujarat Ambuja Cements Ltd, India’s third-biggest cement maker, said on Monday its October shipments fell 0.8 per cent from a year earlier, to 1.17Mt Ambuja’s cement
Aditya Birla Oct cement shipments up
Aditya Birla group, India’s top cement producer, said on Monday its October cement shipments rose 6.35 per cent from a year ago to 2.35Mt The Birla group, comprising flagship
Ciments Francais: results improve
At the end of September 2005, consolidated revenues increased in every country except Greece and also profited from globally positive price trends. The increase in volumes at th...
Dyckerhoff: more on price rises
Wolfgang Bauer, head of Dyckerhoff in Germany has said that the proposed January 2006 increase of eight Euros per tonne, a rise of 15 per cent on prevailing levels, is a defini...
Andino throws in the towel
Cementos Andino and Concrecem, Colombia, have decides to sell their complete cement and concrete business to the Argus Group, Colombia. Both companies have reached an agreement ...
Mexico consumer confidence rises in October
Mexico’s consumer confidence index rose to 103.3 in October from 101.3 in September, the government said on Thursday, despite concerns about the impact on economic growth ...
WAPCO highlights
West African Portland Cement (WAPCO) PLC which recently concluded its new plant at a cost of Euro 200m notes that its profit and turnover climbed 37 per cent, and 13 per cent, r...
Thailand’s September economic indicators
Economic indicators released by the Bank of Thailand put a negative tone on domestic spending, despite improved trade and current account balances in line with the slowdown in i...
Vietnam’s consumption increases in October
Last month, Vietnam consumed roughly 2.25Mt of cement, a growth of 12.5 per cent over last year’s corresponding period, said the Vietnam Cement Association. The increase has
Cartel case fails despite concrete proof
Over the space of three years, a group of seven sub-contractors in Hong Kong banded together to rig tenders for Housing Authority contracts worth $115m. They met at least 80 tim...
Sean Quinn almost doubles turnover
Gross sales at Sean Quinn’s insurance, cement, hotels and glass empire nearly doubled last year to €1bn, according to accounts just filed. Turnover from existing operation...
Mexico says talks on US cement tariffs slow
Negotiations between Mexico and the United States over antidumping duties for cement appeared slow on Thursday, with both sides still far from reaching agreement, a Mexican offi...
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