Cement industry news

16 Mar 2005 International

HK Chia Hsin Cement 2004 Net Falls significantly

Hong Kong-listed Chia Hsin Cement Greater China Holdings Corp said Tuesday its 2004 net profit fell 22 per cent from a year earlier, on lower Chinese cement prices despite risin...

15 Mar 2005 Trading

Cement Demand in Saudi Arabia

Cement demand in Saudi Arabia is expected to increase by up to 80 per cent in the next few years, compared to its current levels, according to unofficial sources from the countr...

15 Mar 2005 International

Turkey’s 2004 Cement output

Turkey’s cement output stood at 38.8Mt in 2004, surpassing 28.1Mt in the previous year, the Turkish Cement Manufacturers Association announced. Turkey produced 26.2Mt of ...

15 Mar 2005 Corporate

Omani Raysut Cement profits up

Oman’s cement producer Raysut Cement Co achieved a net profit of 7.017 mln Omani rials ($18.2m) for 2004, compared to 4.921 mln rials ($12.8m) in 2003, it was reported on ...

15 Mar 2005 Corporate

Lafarge ups stake in Vietnam concrete business

Lafarge Malayan Cement Bhd subsidiary Supermix Concrete (Malaysia) Sdn Bhd has acquired the remaining 57 per cent stake in Supermix Asia Pte Ltd that it does not already

15 Mar 2005 Corporate

Cementos Bio Bio earnings up

Chile’s Cementos Bio Bio posted a 24.4bn-peso (US$41.4m) consolidated net profit in 2004, up 18.7 per cent from the previous year, the cement maker reported to the country...

15 Mar 2005 International

Philippine Court of Appeals stops SEC order

The Court of Appeals has stopped the Securities and Exchange Commission (SEC) from enforcing its instruction to Cemco Holdings Inc to buy out the minority shareholders of

15 Mar 2005 International

China’s Tangshan Jidong Cement

Tangshan Jidong Cement Co Ltd said its 2004 net profits fell 2.93 per cent from a year earlier to 142.99 mln yuan due to increased costs from coal, power and transportation. The

15 Mar 2005 International

Eagle Materials to increase cement capacity

Eagle Materials in the United States which in January completed the purchase of the outstanding 50 per cent of the equity in Illinois Cement Company for US$72m, is investing

15 Mar 2005 International

EU approves Aggregate buy-out

The European Union Commission Monday approved Swiss construction material company Holcim Ltd.’s acquisition of U.K. rival supplier Aggregate Industries PLC. Holcim is off...

14 Mar 2005 International

Aceh rebuilding to start March 26, Indonesia

The Indonesian government will officially kick off rehabilitation and reconstruction programs in tsunami-ravaged northwestern Aceh province on March 26, the Jakarta Post reports.

14 Mar 2005 Corporate

Unye Cimento 2004 output rises

Turkish cement and clinker producer Unye Cimento registered a 11.2 per cent YoY rise in its 2004 cement production to 1.123Mt.

14 Mar 2005 Corporate

Lafarge to strengthen position in Mexico

Lafarge wishes to strengthen its positions in Mexico, bastion of its local rival Cemex and an alluring market, one of the world’s 15 largest, with a strong growth potentia...

14 Mar 2005 Corporate

Cementir 2004 net profits up

Italian cement company Cementir SpA, a unit of local construction company Caltagirone, closed 2004 with a net profit of Euro 79.1m, up from Euro60.4m for 2003, the company annou...

14 Mar 2005 International

Vietnam Faces Cement Shortage in 2005

The Vietnam Cement Corp. VNCC) has predicted that the shortfall of cement would continue this year due to booming demand. The cement demand is estimated at 29.1Mt while produc...

14 Mar 2005 International

Cement sales up in February, Pakistan

Pakistan cement sales showed an increase of 11 per cent in February against the same period of last year, bringing the average cumulative growth of 18 per cent during the last ...

14 Mar 2005 International

Catalonian cement demand increases

Cement demand in the Catalonia region, northeastern Spain, stood at 6.2Mt in 2004, a 2.85 per cent YoY increase, the local cement makers association Ciment Catala said.

14 Mar 2005 International

Cemex sees EBITDA flat, revenues up

Cemex expects its core earnings to come in flat in the first quarter, held back by fewer business days because of Easter. Cemex said on Monday it expects EBITDA to be about $560...

11 Mar 2005 Environmental

Cactus and horse manure – cement shares to plummet?

On a mesa close to the Mexican border a dozen men and women scooped up handfuls of mud and hurled them at the sides of a small adobe building.

11 Mar 2005 Corporate

Grasim exits Birla subsidiary

Grasim Industries has parted with its entire 1.42 per cent stake in Basant Kumar Birla’s Mangalam Cement. Grasim, which is controlled by Kumar Mangalam Birla, had 400,000 shares...