New State Cement’s chief appointed
The ministry of industries and production has appointed MP Gangwani as chairman State Cement Corporation of Pakistan, an official announcement said
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Italy Mediobanca cuts stake in Ciments Francais to 4.98%
Italian investment bank Mediobanca reduced its stake in French cement maker Ciments Francais SA, a subsidiary of Italian cement group Italcementi, to 4.98%. Mediobanca now has 2...
JP Morgan may pick up 25% in Binani Cement
An equity fund controlled by JP Morgan Chase is likely to pick up 25 per cent stake in Binani Cement for around Rs 150 crore. JP Morgan’s restructuring fund, it is learnt,...
Italcementi wins 98.5% acceptances in ASEC Cement bid
Italcementi SpA’s takeover offer for ASEC Cement has won acceptances totaling 98.5% of the Egyptian company’s capital, a financial source said.
Merckle raises HeidelbergCement stake to 76%
The takeover vehicle of German billionaire Adolf Merckle, Spohn Cement, and its affiliates now control 76 per cent of HeidelbergCement after buying more of the cement maker&rsqu...
Titan expected 1H rise
Greece’s Titan Cement is expected to announce a rise in first half year EBITDA of 2.2%under IFRS next Friday on the back of growth from its US and Balkan operations, offse...
SCC expects more growth but margins down
Even though Siam Cement (SCC) expected cement growth in 2H05 to be soft at 6-8%, down from 14% growth during 1H05, the company believes cement demand in the next five years will...
Cement customers begin feeling pinch
GCC produces around one million tons of cement a year for distribution in South Dakota and surrounding states. The Rapid City plant operates 24 hours a day, 365 days a year, sai...
Shree Cement to expand
Bangur group-owned Shree Cement Ltd is planning to expand its production capacity to 10Mt by 2010 from 3Mt at present. The company is setting up a new cement plant of 1.2Mt at P...
Cement plant problems to be monitored
Cement plant neighbors plan to monitor problems such as the "fugitive dust" they say rises up in a cloud bank over a section of US Route 9W and engulfs vehicles as large as trac...
Cement for tsunami relief to get duty refund
The Indian finance ministry on Wednesday said that excise duty in cement and steel used in construction of new houses and temporary shelters in tsunami affected areas would be r...
Adelaide Brighton improved profits likely
Adelaide Brighton is on track for a small lift in annual profit as strong demand for cement from an active resources sector offsets a downturn in the New South Wales residential...
Lafarge pays fine levied by Competition Council
Cement producer Lafarge Romcim SA has notified the Competition Council of the payment of 377,237,432,195 ROL (one euro sells for 35,905 ROL) in fine levied under resolution no.9...
Cementos Andinos sues Cemex, Argos, Holcim
The three biggest cement companies operating in Colombia - Cemex, Argos and Holcim - have been sued by a small competitor, Cementos Andinos, for alleged unfair competition, news...
Some gains noted with markets firming
As expected, last week saw the Capesize market continuing to rise in both basins. In spite of uncertainty concerning the price evolution of raw materials, production targets are...
Cement safeguards in Philippines
Trade Sec. Peter B. Favila will meet with local cement manufacturers this week to discuss their concerns over a recent Supreme Court (SC) decision disallowing the government fro...
Growth outlook for key Korean industries
The South Korean government on Wednesday cast a rosy outlook for the nation’s major industries, saying solid gains in exports and domestic demand will boost their growth i...
Quinn sets up €200m Welsh factory
Sean Quinn is to splash out almost €200 million to set up a new radiator facility in Wales that will employ 460 people. The Welsh local administration said yesterday it had sol...
IMF team briefed on privatisation progress
An IMF mission led by Mohsin S Khan, Director, Middle East and Central Asia Department, held just a meeting with Dr Abdul Hafeez Shaikh, Federal Minister for Privatisation & Inv...
Oman expansion outlined
Oman Cement which currently operates with an installed production capacity of 1.6Mta saw its production output decline to 405,267t during the first three months of 2005 from 412...
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