IFC to invest in cement works in Iraq
International Finance Corporation is apparently considering the possibility to invest US$210.3m in the construction project of cement works in Iraq with a productive capacity of...
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Southern Cross cement imports
Philippine cement firm Southern Cross Cement Corp (SCCC) is currently being investigated by the Bureau of Customs (BoC) for allegedly undervaluing their import entry declaration...
India Gujarat Ambuja to sign loan
One of India’s leading cement makers Gujarat Ambuja Cements Ltd said it will next week sign a three-year loan for $100m to partly refinance an earlier loan. "The new loan...
Oman’s Raysut to increase cement output
Oman’s Raysut Cement Co. (RCC) said on Wednesday its third production line would increase total output to almost 2Mta to meet the country’s increasing demand. The ne...
Courts reject cement companies’ appeals
Argentine legal authorities have provisionally confirmed the record 310mn-peso (US$106m) fine imposed on five cement companies for allegedly agreeing to split up the market and ...
Lorient cement plans
Plans by Cimarmor, a subsidiary of the Belgian registered Fuenciment, and run by Messrs. Carlos Borck and Javier Abad, to build a cement grinding plant at the port of Lorient in...
Anhui conch sees profits tumble
Government-imposed anti-inflation measures and soaring energy costs dealt a huge blow to the profitability of Anhui Conch Cement, China’s largest cement maker, in the firs...
Iranian cement export
Iran exported some 188,000t of cement, worth US$9.946m, during the first four months of current Iranian calendar year (started March 21, 2005).
Zhigulevskiye Construction Materials produce 510,000t of cement in first seven months of 2005
Zhigulevskiye Construction Materials boosted production almost by 13 per cent in January-July 2005 (part of Eurocement Group). In sum, in the first seven months of 2005 the
Four mega cement projects under construction in Ilam
According to Tehran Times, four cement production plants with a daily production capacity of 3,900,000t are being constructed in Ilam, a provincial official in this western Iran...
Vietnam Deputy PM Praises speedy cement factory builders
Deputy Prime Minister Nguyen Tan Dung has praised officials and workers for their efforts to accelerate the construction of the Hai Phong Cement Factory, a key State project.
Business chamber questions Southern Cross cement imports
Cement firm Southern Cross Cement Corp (SCCC) is currently being investigated by the Bureau of Customs (BoC) for allegedly undervaluing its import entry declarations and for the...
Calyon Bank Egypt: the financial advisor of Suez Cement Company in the acquisition of ASEC Cement
Calyon Bank Egypt has recently announced being the financial advisor of Suez Cement Company in one of the largest tender offers made on the Cairo Stock Exchange.
New Saudi cement operation
A cement company with a capital of SAR1.2bn (US$320m) will start operations in al-Jouf, northern Saudi Arabia. The company will operate under the name Al-Jouf Cement. It will be...
Cement sales grow
East African Portland Cement, one of the country’s leading producers, sold more than 60,000 tonnes of cement in July, the highest ever in the company’s history.
Semen Gresik July cement sales 1.48Mt; up 6.3% YoY
Indonesia’s largest cement maker PT Semen Gresik’s July cement sales grew 6.3 pct year-on-year to 1.48Mt boosted by strong local sales, a report by the Indonesian Ce...
Deputy PM urges speedier construction of two large projects, Vietnam
Deputy Prime Minister Nguyen Tan Dzung yesterday urged to speed up construction of two large projects including the expanded Uong Bi Power Plant in northern Quang Ninh province ...
Russian antitrust body postpones Eurocement Group hearing
Russia’ Federal Antimonopoly Service has postponed until September 30 the hearing of a case against Eurocement Group alleging it used its market weight to command cement prices ...
Orascom behind Algeria’s first white cement plant
Orascom Construction Industries, which is rapidly growing its cement interests, has placed a EUR 111m contract with F. L. Smidth to supply equipment for a white cement plant tha...
Andhra Cem in talks to place 15 per cent stake, India
Gouri Prasad Goenka is in advanced stage of discussions for a private placement of close to 15 per cent stake in Andhra Cements. Goenka confirmed that talks were on but said not...
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