Brazil’s Camargo Correa to invest US$100m
Brazilian cement producer Camargo Correa is investing US$100m over the next three years in Argentina to boost production capacity and expand a cargo railway line, the company&rs...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Wahana Tata Ready to Pay Lafarge’s Claim
PT Asuransi Wahana Tata promised to pay the insurance claim of PT Semen Andalas Indonesia following the conclusion of loss assessment by independent loss adjuster. Robert Jerem...
Portugal BPI Ups Stake in Semapa
Portuguese investment bank Banco Portugues de Investimento (BPI) increased its participation in local cement company Semapa to 6.7 per cent of the share capital, it was
Sabanci takes the Standart prize
Sabanci Holding was unable to deter Cimentas, a subsidiary to the Italian Cementir Group, from taking over control of one of the cement factories that the Turkish Savings and De...
Russian antitrust body to consider Eurocement break-up
Russia’ Federal Antimonopoly Service, or FAS, has ruled that Eurocement Group has been violating the law on competition and is considering forcing Eurocement Group to break up u...
South Africans squeeze new entrant
South African cement suppliers and local distributors have reportedly conspired to drive out newly introduced Cheetah Cement to maintain their monopoly in Namibia. New Era inve...
Management changes at Padang and Tonasa
The EGM of Semen Padang and Semen Tonasa decided that the two companies should increase itsproduction capacity utilization by 10 per cent each starting this year. "Overall, we ...
Cement company workers walk off the job
Bermuda Cement Company (BCC) workers downed tools yesterday because of job insecurity in the wake of what they see as a hostile take-over by the West End Development Company (We...
Demolition of cement silos begins
The US city of Detroit and the Detroit Riverfront Conservancy celebrated the start of demolition of the first of three cement silo installations, making way for major redevelopm...
Union Cites Ongoing violations and permit failures
The United Steelworkers (USW) has taken the first step toward filing a civil lawsuit against Arizona Portland Cement (APC) and its parent companies, Taiheiyo Cement USA, Inc. an...
Italcementi eyeing acquisitions in India, Thailand
Italcementi SpA is eyeing acquisition opportunities in India and Thailand, said Giorgio Ghinaglia, managing director at the cement maker’s Egyptian unit Suez Cement. "We want
Italcementi interested in five Turkish plants
Italcementi SpA is interested in five of the 10 cement plants which are being privatised by the Turkish government, a spokeswoman said, confirming earlier reports. ’The ...
Sabanci Group offers $175.5m
The Turkish Savings and Deposit Insurance Fund (TMSF) held a tender for the Standart Cement plant, previously seized from the Uzan family. Some 22 companies submitted their
Thai TPI Polene Q3 profit jumps on debt gain
TPI Polene PCL , Thailand’s third-largest cement maker, said on Wednesday its third-quarter earnings surged, due mainly to gains from restructuring the company’s hef...
Attock Group donates Rs 45 million
The Attock Group of Companies has announced a contribution of Rs 45 million towards the President’s Relief Fund for the earthquake victims. The employees of the group, wh...
Chile Aims at higher cement sales
Chile aims to increase its cement sales to 4.0Mt in 2005, an increase of 6.0 per cent year-on-year, it was reported on October 11, 2005. The sales figure shows an increase comp...
Argentina authorities approve Camargo-Correa purchase
The Argentine government has approved Brazilian engineering company Camargo-Correa’s (CCG) acquisition of local cement producer Loma Negra’s holding company, the Eco...
Cementir grows in Turkey – but at what price?
The Italian Cementir Group, run by F Caltagirone Jr, through its subsidiary Cimentas, is further expanding in Turkey by acquiring the Lalapasa Edirne plant in an international a...
Bestway Cement declares cash dividend
Bestway Cement, Pakistan, has posted an after-tax profit of Rs 931 million during the financial year ended June 30, 2005, showing an increase of 37 percent from Rs 3,801 million...
Import of cement via land route demanded
Abdul Rauf, president of the Pakistan Islamabad Chamber of Commerce and Industry (ICCI), has asked the government to allow the import of cement from India and Iran for the recon...
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