Siam cement unit: Firm eyes Indonesian mine
SCT expands exports as domestic sales fall. SCT, Siam Cement Group’s distribution unit, is planning to spend several billion baht to buy a majority stake in or create a jo...
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EU approves Spohn buy of HeidelbergCement
The takeover vehicle of German billionaire Adolf Merckle, Spohn Cement, and its affiliates won permission on Wednesday from the European Commission to take over HeidelbergCement...
Suit Against cement plant cleared for trial
An attorney for two environmental groups says that emissions from a cement plant southwest of Laramie endangered the health of people nearby.
Cement producers appeal SC decision
The Cement Manufacturers Association of the Philippines has asked the Supreme Court to look into its final decision last month declaring the safeguard measures against imported ...
Cement companies may cash in on export boom
Cement companies that have milked gains from the current rosy export scenario may have to make all the hay they can while the sun still shines.
Senate proposes cement futures market to resolve price war, Colombia
Cemento Andino recently launched legal action against Holcim, Cemex and Argos, accusing them of selling their products at artificially low prices to damage competitors and event...
Orascom’s record sales
OCI reports 43% growth in consolidated revenue and a 57% rise in net income for the six months ended 30 June 2005
Holcim cements financial ties with Ambuja cement
With its own shareholding in Ambuja Cement Eastern (ACEL) well past the controlling 50 per cent mark, Swiss cement maker Holcim has for the first time consolidated the financial...
Holcim Hungaria capacity likely to be increased
Holcim Hungaria Cementipari Rt, the Hungarian subsidiary of Swiss cement group Holcim, is one of the group’s three subsidiaries among which Holcim will choose one to enlar...
Softwood, cement: Beacons of NAFTA’s failure
The United States slaps punishing tariffs on imports of a vital building material, driving up the price and creating sporadic shortages in the midst of a housing boom. But after...
Lafarge adds weight to cement expansion
In another vote of confidence underscoring the bullish forecast for economic growth, Lafarge yesterday became the third of SA’s four large cement makers to announce a major
Groups sue Mountain Cement for polluting
Two conservation groups have taken Mountain Cement plant in Laramie to court, claiming that the plant has violated federal and state clean air regulations more than 15,000 times...
Spain Cementos Molins posts EUR41.6m net profit
Spanish cement maker Cementos Molins posted a net profit of EUR41.6m (US$51.9m) for the first half of 2005, a 3.7 per cent YoY increase, the company reported. EBITDA totalled EU...
Binani to sell 25% of cement arm to investor
Binani Industries Ltd. said on Friday it would sell 25 per cent in subsidiary Binani Cement Ltd to a foreign investor and swap up to 50 per cent of its own shares for a holding ...
Shiva Cement gets nod for debt revamp plan
The Rourkela-based Shiva Cement Ltd has received in-principle approval for its debt restructuring plan from its consortium leader, IFCI Ltd. The other lenders ICICI Bank, Bank o...
Romania Buys 49% of Thermo Eco Rec
Holcim Romania, a unit of Swiss cement company Holcim Ltd, has bought a 49 per cent stake in the local waste recycling company Thermo Eco Rec from Austrian company REP die Recyc...
Italian Italcementi Mulls Asia Expansion - Chairman
Italian cement producer and distributor Italcementi is studying expansion in Asia, the company’s chairman Giampiero Pesenti said.
YTL Cement buys Singapore rival
YTL Cement Bhd, a cement producer that is a unit of YTL Corp Bhd, has agreed to buy a fifth of Singapore rival Jurong Cement Ltd (JCL) as it seeks to grow its business abroad.
Firm warns of slump; as cement profits fall
The mainland’s cement sector should brace for a slump in the next two years in the wake of anti-inflation measures, China Resources Cement Holdings says.
Morgan Stanley chosen as prime bidder for Ssangyong Corp
Global investment bank Morgan Stanley has been selected as the preliminary preferred bidder for Ssangyong Corp, a troubled South Korean trading company, Ssangyong’s credit...
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