Prosecutors probe alleged US$1m CRH privatisation bribe
According to the Irish Times, Polish prosecutors are investigating a privatisation deal at the centre of allegations that a US$1m bribe was paid on behalf of CRH, Ireland’...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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London Olympics to spur cement investments?
The rather unexpected news of London’s successful bid for the Olympic bid in 2012 has already has a positive effect on a number of UK construction share prices, but longer...
Cement sales rise on construction boom, India
Cement sales rose strongly in June as firms stepped up construction activity across the country spurred by strong growth in Asia’s fourth-largest economy
Southern Province cement H1 profit up 14%
Saudi Arabia’s Southern Province Cement Co first-half net profit rose 14 per cent to 323 million riyals ($86m), the company said. Southern Province Cement, the kingdom&rsq...
Cement production to achieve 1Mt, Brazil
Brazil expects to produced around 1Mt more of cement this year. In 2004, the companies active in the sector produced 34.4Mt according to the National Union of the Cement Industr...
Siam City Cement says rising costs to damp 2005 profit growth
Thailand’s second-largest cement maker Siam City Cement PCL expects its net profit growth this year to be lower than last year’s, despite rising sales, mainly becaus...
Mexico cement industry trims 2005 outlook
Mexico’s cement industry has trimmed its output forecast for 2005 to a rise of between 2.5-3 per cent and per cent from an initial estimate of 3.5 per cent, the country&rs...
Heidelberg investors sell only 0.01% of shares to Spohn last week, Germany
HeidelbergCement AG shareholders holding only 11,611 shares, or 0.01% of voting rights, have accepted Spohn Cement GmbH’s takeover offer in the past week, according to an ...
Taiheiyo 2004/05 shipments up 1.6% to 38.5Mt
Taiheiyo Cement Corporation saw turnover ease by 0.8% to Y72,686m (EUR 6417m) in the year to the 31st of March, with the EBITDA being off by 1.7% at Y88,524m (EUR 651m).
CRH is pushing up Irish cement prices
CRH has spent EUR 168m on acquisitions during the first six months of 2005, seven deals in Europe and 17 in North America.
Oman Cement to boost output capacity
Majority state-owned Oman Cement Company said on Monday it will increase its production capacity by 88 per cent to 3Mta, to meet increasing demand in local and international mar...
India’s ACC June shipments rise appreciably
Associated Cement Companies Ltd, India’s second-biggest cement maker, said on Monday its June shipments rose 10.5 per cent from a year ago to 1.47Mt. The Bombay-based
Dutch ING sells stake in Cimpor
Dutch bank ING has sold the 3.08 per cent stake it owned in Portuguese cement company Cimpor, thus concluding its involvement in the company, it was reported on July, 1, 2005. ...
Tabuk Cement half-year profit up 26 per cent
Saudi Arabia’s Tabuk Cement reported a 26 per cent rise in first-half profits to 74 million riyals (US$20m). Second-quarter profits were 40 million riyals, up 21 per cent from t...
Podilskyi Tsement increases cement production
The Podilskyi Tsement cement company (Kamianets-Podilskyi, Khmelnytskyi region), which is one of the three largest producers of cement in Ukraine, increased cement production by...
Atlas appoints CEO and managing director
Atlas Group Holdings Ltd, Australia, has appointed Dr Martin Foreman as chief executive officer and managing director, effective from July 18, 2005. Dr Foreman has previously h...
Lafarge, Comex team up to build gypsum plant
Lafarge will team up with Mexico’s largest paint manufacturer Comex to build a gypsum production plant in the central state of Querétaro, local press reported. The two f...
CRH pretax profits rise again
CRH announced that it expects that profit before tax for the six months to Jun. 30, 2005 will show a percentage increase in the high teens compared with 2004 (2004: Euro 319m on...
Cemex And Ready Mix USA Complete JV
The US subsidiary of Cemex and Ready Mix USA, a private ready-mix concrete company with operations in the Southeastern United States, today announced that they have established...
Holcim completes compulsory buyout
Holcim Participations (UK) Limited, a wholly owned subsidiary of Holcim Ltd, has now acquired 100 percent of the ordinary shares of Aggregate Industries plc pursuant to the
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