Pent-up demand expected to boost cement sector
Malaysia’s currently sluggish cement sector should pick up in the long term, riding on pent-up demand due to construction delays in the last 12 months. CM Libra said the current
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Caltagirone net debt reduction
Italian holding group Caltagirone registered a net financial debt of Euro 169.5m at end-2004, it was reported on March 16, 2005. The group had a net financial position of Euro ...
Bulkcem Nigeria viewpoint
The managing director and chief executive officer of Eastern Bulkcem company, Port Harcourt, Nigeria, Mr. Vincent Nehikdora has identified hostile business environment as the ma...
Open offer for Everest on hold
As a direct fall out of rescheduling of the Holdcem Cement Pvt Ltd (HCPL) open offer to shareholders of ACC and Ambuja Cement Eastern Ltd (ACEL), the offer for Everest India Ltd...
Cement manufactures demand duty abolition
Cement manufacturers in Pakistan have proposed the government to abolish central excise duty (CED) on cement. Talking to newsmen, Managing Director, Dadabhoy Cement, Senator Moh...
Cemex dispute set for the courts – again!
Ahead of the hearing on the dispute between PT Semen Gresik and Cemex SA at the International Center for the Settlement of Investment Disputes in Washington DC, scheduled to las...
Cement Consumption in Spain
Cement consumption in Spain increased 1.07 per cent year-on-year to 7.26Mt in the first two months of 2005, Spanish Cement Makers Association (OFICEMEN) said on March 16,
Latest contracts from Greco-Enfil
For the latest Greco Enfil contracts please click: http://www.cemnet.com/greco_contracts.pdf
Mixed signals in the dry bulk sector
Contrary to last week where almost all dry bulk markets levelled off, freight rates evolution this week started to diverge. The Capes did not confirmed the positive outlook prom...
China Resources to launch two cement production lines
The China Resources (Holdings) Co., Ltd. (CRC) signed an agreement on building two new dry process cement production lines with a daily output of 4000t in Nanning of South China...
Podilskyi Cement reduces production, Baltcem increases
In February, the Podilskyi Tsement company (Khmelnytskyi region, Ukraine), which is one of the three largest producers of cement in Ukraine, in which Ireland’s CRH Poland...
Peru’s February cement sales
Peru’s overall cement sales in February fell 4.9 per cent to 334,171t from the 351,255t sold in the same month last year, the National Association of Cement Producers, or ...
Lafarge to develop its US positions
Bruno Lafont, managing director of Lafarge, the French building materials group, has said that it is interested in consolidating its position in mature markets such as North Ame...
Ciments Francais says Egypt Cement offer oversubscribed
Ciments Francais, the French unit of Italy’s Italcementi SpA, said Tuesday its revised offer, launched in conjunction with a number of other international investors, to bu...
Moldovan Ciment Rezina
Moldovan cement producer Ciment Rezina, majority-owned by French building materials group Lafarge, increased its net profit twice to 19 mln Moldovan lei (Euro 1.1m) in 2004
Strong domestic demand offsetting rising energy cost
Thailand’s January cement sales were very impressive compared with an average growth of 12 per cent for last year and 5 per cent growth for 2003. Conservative forecast is mainta...
Cemex still wants to do business in Indonesia
PT Cemex Indonesia, which has threatened to turn to arbitration court against the government over Semen Gresik dispute, said it still wants to do business in Indonesia. Chief
Taiwan’s Asia Cement to inject more capital
Asia Cement Corp said its board has approved the injection of US$33.16m into its China-based unit Jiangxi Yadong Cement Co. Ahead of the injection, the unit now has paid-in
Semapa net profit quadruples
Portuguese conglomerate Semapa SGPS which is a majority owner of Portuguese cement maker Secil, said net profit more than quadrupled to Euro 182.1m last year from Euro 40.1m
Akmenes February sales
Akmenes Cementas, the only manufacturer of cement in Lithuania, boosted its turnover 20 per cent over the first two months of 2005, due to increased sales in Lithuania and Latvi...
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