JP Morgan to take 25 per cent in Binani Cement
JP MORGAN will acquire 25 per cent stake in Binani Cement Ltd, India as part of a debt and equity arrangement worth Rs 250 crore. The transaction will enable Binani Cement do...
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Vulcan Materials Reports Record Third Quarter
Vulcan Materials Company, United States, today announced record net sales of US$749m and record net earnings of US$122m, or US$1.17 per diluted share in the third quarter. These...
New plant for Shree Cement
Indian cement producer Shree Cement Ltd, has informed BSE that the Board of Directors of the company at its meeting held on October 27, 2005, has decided to undertake implementa...
Japan Sept 2005 cement shipments up
Japan cement shipments totalled 5.87Mt in August 2005, up 3.7 per cent year-on-year, the Japan Cement Association said on October 28, 2005. The figure marked a year-on-year
Semen Gresik almost doubles net profit
Higher sales and production have helped Indonesia’s largest cement producer, PT Semen Gresik (SG), to a 91 per cent increase within the first nine months of the year in it...
Fair but not free trade
In a recent letter to the Executive Director, Bureau of Customs, Manila, Philippines, Dr Rene Ofreno of the Fair Trade Alliance, Manila, commends the endorsement of the Customs ...
Pushka ends Baturina chair function
The shareholders of the Kramatorsk-based cement plant Pushka (Donetsk region) at their October 18 meeting, have relieved Olena Baturina from the post of chairwoman of supervisor...
Sabanci cement group plans more investments
Erhan Kamisli, head of Sabanci Holding cement group, said that they planned US$600m investment in 2005-2008 period, including US$316m worth of cement plant purchases. Sabanci’ C...
Chile Cement Sales Up
Chilean cement sales rose 5.8 per cent year-on-year for January to September 2005, Chilean Construction Chamber CChC said on October 26, 2005. The three local producers sold 7....
Italcementi jv buys 2nd cement carrier
Italcementi SpA said it bought MV White Shark, a cement carrier with a net transport capacity of 29,000dwt.
Anhui Conch seeks more loans
Anhui Conch Cement Co Ltd, China’s largest cement producer, is seeking a three-year loan of 350 mln yuan (approx US$44m) to help fund a heat-conversion project that cou...
Colombia’s Argos earnings up
Cemento Argos, Colombia’s biggest cement company, on Wednesday reported a 23 per cent jump in Jan-Sept net earnings compared with the same 2004 period on higher sales and ...
Peru’s Cementos Lima 3Q
Higher operating costs reduced Cementos Lima SA’s third-quarter net income to 21.7 million soles ($6.4m) compared with PEN21.9 million ($6.5m) in the same quarter last yea...
GCC reports record results
Grupo Cementos de Chihuahua (GCC) now a leading cement producer in its markets in Mexico, United States and Bolivia, today announced its consolidated results for the quarterly p...
GCC reports record results
Grupo Cementos de Chihuahua (GCC) now a leading cement producer in its markets in Mexico, United States and Bolivia, today announced its consolidated results for the quarterly p...
Russian RATM to invest in new plant
Russia’ Novosibirsk-based RATM Industrial Commercial Group plans to invest up to Euro 120m in the construction of a cement plant in the Novosibirsk Region, the company’ Presiden...
Tasek expects growth as market stabilises
Tasek Corporation Bhd expects a five per cent growth in revenue for the financial year ending June 30, 2006 from RM224.47 million in the previous year as the local cement market...
Colacem opens plant in Dominican Republic
Italian cement producer Colacem officially opened on October 26, 2005 its new production plant in Santo Domingo, in the Dominican Republic. The plant will be managed by Colacem-...
Bolivian news brief
Bolivian cement producer Fancesa has threatened to abandon the Puente Sacramento-Puente Arce road project if it is not given more area to pave, newspaper Correo del Sur reported...
Portland to build new mill
The East African Portland Cement will use its own money to finance the building of a Ksh800 million (US$10.9m) fifth clinker mill that will see its production capacity increase ...
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