ACC in expansion mode
India’s ACC has chalked out a capex plan of close to Rs 500 crore for the current fiscal, which would involve large-scale expansion in its grinding capacity. The cement major, ...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Still no sign of any rate upturns
As dry bulk shipping markets yet do not seem to see the bottom of their diving trip, most industry players still analyze this situation as a short term correction and remain con...
Sabanci Holding still interested in Uzan
Erhan Kamisli, head of Sabanci Holding cement group, said that the group company Akcansa was still interested in cement companies those were previously owned by Uzan Group and l...
Saudi White Cement appoints new directors
The general shareholders’ meeting of Saudi Riyadh-based cement maker, Saudi White Cement Co Ltd, appointed on June 13, 2005 Prince Feisal bin Abdul Majid board chairman, l...
FCC completes Giant upgrade
Cementos Portland Valderrivas, the cement division of Spanish construction and services group FCC, has expanded its US activities with the inauguration of a new $132m line at it...
Peru’s May cement sales fall
Peru’s overall cement sales in May fell a tiny 0.02 per cent to 401,846t from the 401,945t sold in the same month a year before, the National Association of Cement Produce...
Akmenes cement sales
Akmenes Cementas, Lithuania’s only cement manufacturer, posted sales of 12.324 million litas (EUR 3.57m) for the first five months of 2005, a decline of 2 per cent from th...
China’s output of cement in April
China produced 87,620,800t of cement in April 2005. The output in January-April reached 266,033,100y, up 4.1 per cent year on year, according to the National Bureau of Statistics.
Pricing of TPI Polene shares expected in July
Pricing for the 249-million-share private placement of TPI Polene is expected to be finalised by next month, according to Kim Eng Securities, the financial adviser for the offer...
Lafarge not to boost stake in Cimpor, Portugal
Lafarge does not plan to boost its stake in the share capital of Portuguese cement company Cimpor. Currently Lafarge controls 12.6% of Cimpor’s share capital with the resp...
Italcementi shares jump 4% on back of exclusive talks with Asec
Italcementi, the Italian cement and construction materials group, yesterday saw its share price jump 4.15 per cent to close at EUR13.30 in Milan, after announcing that it had si...
Cyprus May 2005 cement sales drop to 134,000t
Cement sales in Cyprus dropped to 134,000t in May 2005 compared to 138,000t for the same month of 2004, according to data published by the island’s National Statistics Ser...
Spanish consumption at 20.57Mt Jan-May 2005
Cement consumption in Spain increased 5.49% YoY to 20.57Mt in the first five months of 2005, the Spanish Cement Makers Association (OFICEMEN) said.
Thailand’s TPI Polene share sales could raise $250m
Kim Eng Securities (Thailand) has been chosen to advise Thai Petrochemical Industry (TPI) on the sale of its 30-percent stake in cement maker TPI Polene, TPI’s debt admini...
Philippines’ Fortune Cement to merge with Continental
Fortune Cement Corp said its board of directors has approved the company’s merger with another Philippine cement maker, Continental Operating Corp, with Fortune Cement as ...
Saudi Arabian Cement Co Board recommends US$53.3m Capital hike
The management board of Saudi cement producer Arabian Cement Company (ACC) proposed on June 12, 2005 a 200m Saudi riyal (US$53.3m/€41.4m) capital increase to 800m riyals (US$213...
NEC signs agreement with Barah cement factory - Jordan
A consultancy agreement to implement a diesel-generating station with a 20-megawatt capacity was signed on Saturday between the National Electricity Company (NEC) and Barah ceme...
Cemex to double size of New Braunfels cement plant
Cemex USA plans to double the size of its plant in New Braunfels, a move that will add 21 jobs and that represents the largest business investment in Comal County history. The e...
Argentine cement production up 29 per cent
Cement production in Argentina reached 590,000t in May, up 29 per cent from the same month in 2004, local press reported.
Turkish Bolu Cimento Q1 2005 Net Profit rises to US$4.3m
Turkish cement and clinker producer Bolu Cimento posted a 5.8m new Turkish lira (US$4.3m/€3.3m) net profit for the first quarter of 2005, compared to 1.68m lira (US$1.3m/€969,00...
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