Calls to appoint new watchdog on cement kiln
Calls were growing last night for an independent watchdog to monitor a controversial new £4m cement kiln. The huge 300ft kiln at Padeswood near Buckley is due to be fired up ne...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Semen Gresik keen to retain 2004 profit
The management of state-owned cement maker PT Semen Gresik said it has proposed to retain 60 per cent of its net profit earned in 2004. The management wants to retain the prof...
Ivano-Frankivsktsement posts profits
One of the five largest producers of cement in the Ukraine, the Ivano-Frankivsktsement company, posted UAH 12.981 million in net profit in 2004.
Sebi seeks legal opinion on open offer
The Indian Securities and Exchange Board of India (Sebi) has sought legal opinion from its legal department over the issue of clearance of open offer of Accurate Finstock Pvt Lt...
Semen Padang gets US$120m loan from Central Bank
Semen Padang, a subsidiary of state-owned Semen Gresik, secured a loan of Rp190 billion (US$20m) from Bank Central Asia (BCA). Semen Gresik President Satriyo said the loan fund ...
Indocement to retain profit to repay debt
Cement maker PT Indocement Tunggal Prakarsa said it may not distribute dividends from last year’s profit as it gives priority to repaying debts. Company finance director C...
Lafarge Malayan to fight pricing trends
Lafarge Malayan Cement Bhd, Malaysia’s largest cement producer, will not initiate a price war despite a fall in cement demand, although it will match competitors’ pr...
Italy approves Montalto takeover
Italy’s Antitrust Authority has given a green light to the acquisition of 100 per cent of Italian cement maker Cementificio di Montalto by Italy’s largest cement pro...
Japan JV in Vietnam to double output
Taiheiyo Cement Corp and Mitsubishi Materials Corp said Monday that their joint cement making unit in Vietnam will double its production capacity in order to meet growing demand...
Outlook suggests rate decline to accelerate
Too far, too fast? The fall recorded in most shipping markets (except for containerships so far) has made this week its first "victim". The now famous and successful tanker owne...
Raysut Cement’s rights proposal
Raysut Cement, Oman, will enter the capital market with a rights issue of five million shares at a price of RO3.000 per share aggregating to RO15 million.
St Marys Cement clean-air violations
US Environmental Protection Agency Region 5 has cited St Marys Cement Inc (the Dixon Plant) for alleged clean-air violations at the company’s portland cement plant at 1...
Bulgaria to resume gypsum sell-off
The Bulgarian Privatisation Agency should continue the cancelled competition for the sale of the country’s sole gypsum producer Gips, a five-member panel of the Supreme Ad...
Bipadosa Sells Stake in Portugal Cimpor
Spanish company Bipadosa Distribucion y Transformacion has sold its entire direct stake in Portuguese cement producer Cimpor, Cimpor announced in a report to the Portugal’...
Ukrainian Balcem To Raise Share Capital
Ukrainian cement plant Balcem plans to raise its share capital by 4.94 mln Ukrainian hryvnias (US$981,000/) to 5.49 mln hryvnias ($1.1m) through the issue of 98.74 million ordinary
INC seeks US$30m to boost capacity
Paraguay’s state-owned cement maker Industria Nacional del Cemento (INC) is seeking to invest US$30m to increase installed capacity, INC president Amílcar Troche announced...
Lafarge brings ’self-levelling’concrete to Canada
A "self-levelling" concrete that’s new to North America will revolutionise the construction industry, its maker says, by eliminating many hours of back-breaking labour. L...
Romania watchdog fines cement companies
Romania’s competition council fined the country’s main cement producers EUR28.5 million for allegedly fixing prices on the local market, the regulator said in a stat...
China’s Anhui Conch units to acquire more capacity
Anhui Conch Cement Co Ltd, one of China’s leading cement producers, said its board has approved a proposal allowing two units to acquire assets in two joint ventures in th...
Taiwanese cement makers expand in China
Despite sharp declines in the prices of cement and premixed concrete in mainland China, Taiwanese cement makers operating production facilities there are ambitiously expanding p...
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