Phoenix conveyor at ACC plant
Phoenix Yule Ltd has installed a conveyor belt of 2.5km length at the Chaibasa plant of Associated Cement Companies (ACC). The company is a joint venture between Phoenix
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Spohn gains majority stake in HeidelbergCement
Spohn Cement GmbH has raised its stake in German building materials group HeidelbergCement AG to 52.3 per cent as of August 3, 2005. Spohn, controlled by HeidelbergCement’...
Indonesian cement demand growth likely to ease?
Inflationary pressures from higher energy prices and a weakening rupiah, in addition to a delay in major infrastructure projects, may result in this year’s growth in domes...
Juan Minetti, Loma Negra appeal government fine, Argentina
Argentine cement companies Juan Minetti and Loma Negra have appealed several hundred million pesos in fines that the government imposed on them last week for price collusion in ...
Indonesia’s 2005 cement consumption seen slowing
Domestic cement consumption in Indonesia could grow by less than eight per cent this year in the wake of the government’s move to increase fuel prices last March, a senior...
Hima cement to boost production
The Managing Director of Hima Cement, Mr Mbuvi Ngunze, has said after a successful six years since Lafarge acquired Hima Cement, the company is considering expanding production....
Cement sales 4% growth, Pakistan
Cement sales for the first month of the new fiscal year have witnessed a growth of around four per cent, said a research report prepared by Jehangir Siddiqui and Company with th...
Ciments Francais signs agreement for the purchase of Asec Cement, Egypt
Ciments Français, at the end of the due diligence period envisaged in the agreement announced on 13 June, has finalised an agreement for the purchase of 68.7% stake in ASEC Ceme...
2nd kiln agrees to reduce emissions
Holcim has agreed to slash emissions of ozone-forming pollutants at its Midlothian cement kiln, a move that environmentalists and company officials say could dramatically improv...
Iran exports
According to “Tehran Times” in the first three months of the current Iranian year, some 900,000t of cement was exported from this mid-eastern province, said head of the provincial
Florida Rock Industries, Inc elects new board member
Florida Rock Industries, Inc announced that Robert P. Crozer has been elected to its Board of Directors. Mr Crozer has served as Senior Advisor to Greenhill & Co, Inc, an invest...
US Fidelity International cuts stake in Buzzi Unicem, Italy
US private equity and investment management company Fidelity Investments’ subsidiary Fidelity International Ltd, has reduced its stake in Italian cement maker Buzzi Unicem...
HeidelbergCement Q2 net profit seen rising
HeidelbergCement , subject of a takeover offer, is expected to report strong profit growth in the second quarter, driven partly by higher cement demand and prices in key North A...
St Lawrence cement group 2Q sales C$360.4m
St Lawrence Cement Group Inc’s sales rose 10.3% in the second quarter but the company wasn’t profitable due to the recording of a big writedown related to the abando...
Gujarat Ambuja July sales down 8% YoY, India
Cement sales of Gujarat Ambuja Cements Ltd. stood at 0.9Mt in July as against 1.028Mt in the same month last year, registering a decline of eight per cent. Cement production dur...
Birla July cement shipments fall 3.6%, India
Aditya Birla group, India’s top cement producer, said July cement shipments fell 3.6 per cent from a year ago to 2.01Mt. The Birla group, comprising flagship Grasim Indust...
Holcim Romania opens ninth "clean" concrete plant
Holcim Romania said on Wednesday it spent EUR 1.5m ($1.8 m) to open its ninth environmentally friendly concrete plant.The plant employs technology to cut the amount of
ACC launches mobile concrete testing unit
Associated Companies Ltd (ACC) has announced the launch of `Grihamitra’, a unique mobile concrete testing unit, for its customers.
Govt, Iran to jointly undertake US$200m cement plant
Venezuela and Iran plan to build a US$200mn cement plant with construction commencing in three months as part of the political and economic alliance signed in March between the ...
Cement consumption long-term growth intact, Thailand
Thai cement consumption growth decelerated in 2H05 and also decelerated to eight per cent YoY in 2Q05 from 18% in 1Q05. Cement consumption grew by 13% YoY in 1H05.
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