RaK Cement agrees to raise capital to Dh 440m - UAE
The extraordinary general assemby of the Ras Al Khaimah Cement Company agreed today to raise its capital to Dh 440 divided into 440m shares. Board Chairman Dr. Abdul Rahman Al S...
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GCC profits fall 17 per cent on domestic construction slowdown - Mexico
Mexican cement maker Grupo Cementos de Chihuahua reported a 124mn-peso (US$11.2mn) net profit in the first quarter of 2005, dropping 17.1 per cent from 1Q04, company CEO Manue...
Siam Cement’s Profit Surges On Strength in Petrochemicals
Siam Cement PCL, Thailand’s dominant industrial conglomerate, said net profit for the first quarter rose 36 per cent to 10bn baht (US$253m) from 7.36bn baht a year earlier...
Thailand: India-based NIIT in IT alliance with cement maker Holcim
New Delhi-based NIIT Technologies has announced that it is scaling up its information-technology alliance with global cement-maker Holcim Group, The Nation reports.
SCC: Operation performance
For the first quarter of 2005, Net Sales of Siam Cement Public Company Limited (SCC) and subsidiaries amounted to 57,165m baht, an increase of 31 per cent from the same period o...
China group to build world’s biggest clinker factory
The China Anhui CONCH Group plans to invest three billion yuan ($US362 million) in building three production lines, each with a daily capacity of 10,000 tons of cement clinker ...
Polimix invests R$70m in new cement plant
The Brazilian Polimix Concretos is investing R$70m until the end of 2006 in a cement plant with a capacity of 1.2mil mtpy in Rio Branco do Sul (Parana) to supply the domestic ma...
GCC profits fall 17 per cent on domestic construction slowdown
Grupo Cementos de Chihuahua reported a MXP124m(US$11.2m) net profit in the first quarter of 2005, dropping 17.1% from 1Q04, company CEO Manuel Milán said during a conference call.
Indonesia’s Semen Cibinong to raise production, reduce exports
Indonesia’s PT Semen Cibinong aims to produce 7.25Mt of cement this year, up from 6.22Mt in 2004, its president Timothy David Mackay said.
Japanese cement sector outlook ’stable’
The general outlook for the Japanese cement sector continues to be stable, comments Moody’s Investors Service in a new report.
Cemex divests investment in Cementos Bio Bio, Chile
Cemex announced that it has divested its 11.92 per cent interest in Cementos Bio Bio, S.A. for approximately US$6 m or an implied enterprise value to EBITDA of nine times.
Thai industrial conglomerate firm SCC’s Q1 profit seen up 25%
Net profit of Siam Cement Plc (SCC), Thailand’s largest industrial conglomerate, in the first quarter of this year would expand as much as 25 per cent from the same quarte...
Lafarge North America Reports First Quarter Results
Lafarge North America Inc reported a first-quarter net loss of $188.5m. Excluding a previously announced one- time tax charge of $115.7m associated with the company’s deci...
Florida Rock Posts Higher 2Q Profit
Florida Rock Industries Inc., a provider of ready-mixed concrete and construction aggregates, said that second-quarter earnings grew 43 per cent year-over-year due to strong dem...
Cement prices go up 3% on housing boom, India
Domestic cement companies raised prices in Mumbai by about three per cent as a housing boom and government spending on roads and bridges fueled demand, distributors said. Shares...
TCL plans US$220mn expansion projects , Caribbean
The Caribbean’s leading producer of cement and ready-mix products, TCL Group, expects to spend up to US$220mn to expand operations at its subsidiaries throughout the regio...
Cemex Asia keen to build cement factory in Indonesia
Cemex Asia Holdings Ltd said it wants to invest in Indonesia’s cement industry to help the country cope with a cement supply shortage expected in 2007-2008.
Commerce Ministry Monitoring Cement Price, Saudi Arabia
In its continued efforts at monitoring the availability of products in the market and their prices, the Ministry of Commerce has noticed the increase in the price of cement. The...
Raysut Cement Co net profit increases, Oman
Oman’s cement producer Raysut Cement Co achieved a net profit of OMR2.283m (US$5.9m) in the first quarter of 2005, compared to OMR1.382m (US$3.6m) in the same period of 20...
Jaypee cement targets 10Mt output by 2007
ALLAHABAD, Apr 23: Jaypee cement is targetting a total output of 10Mt with its new plant in Himanchal Pradesh expected to commence production in 2007.
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