Cement industry news

08 Mar 2005 Corporate

Mediobanca raises stake in Ciments Francais

The Italian investment bank Mediobanca informed the French stock exchange authority that it had raised its stake in French cement supplier Ciments Francais, a unit of Italian ce...

08 Mar 2005 International

Holcim defers open offers as regulators delay approval

Holcim’s twin open offers for 37 per cent in Associated Cement Companies (ACC) and 5.9 per cent in Ambuja Cement Eastern, which were slated to open on March 9, have been d...

07 Mar 2005 Trading

Do not inflate cement price

Ghana Cement Company (GHACEM) has warned retailers not to inflate the price of the product, as there is currently no justification for an increase.

07 Mar 2005 Corporate

Indocement shareholders approve refinance plan

The shareholders of the country’s second largest cement maker PT Indocement Tunggal Prakarsa (INTP) approved plan by its management to seek to refinance its debt. The

07 Mar 2005 Trading

Pakistan price increase

Cement companies have increased their per bag prices by Rs5 following increase in transportation charges by Rs2 per bag to Rs3 per bag due to recent surge in diesel prices,

07 Mar 2005 International

OCL India to set up integrated steel plant

The Orissa-based OCL India Ltd, producer of the Konark brand cement, is setting up its first integrated steel plant of 0.25Mt per annum capacity.

07 Mar 2005 Corporate

HeidelbergCement reports strong 2004 growth in Romania

The German building materials and cement maker HeidelbergCement reported for last year Euro 156m in consolidated turnover from its three Romanian units, a rise of more than 30

07 Mar 2005 Corporate

Lafarge to invest in UK plant

Lafarge will invest Euro 45m in the construction of a new plasterboard plant in the Midlands, inner counties of the UK, it was reported on March 4, 2005. The new plant will enable

07 Mar 2005 Environmental

Castle Cement ordered to shut down kiln

Environment Agency bosses last night said a notice had been served on a cement factory for breaching dioxin emission limits at its North Wales site. The enforcement notice was

07 Mar 2005 Corporate

Egypt’s Sinai Cement more than doubles 2004 net

Egypt’s Sinai Cement reported a 127 per cent increase in its 2004 net profit to 80.71 million Egyptian pounds ($13.92m), the stock market said in a statement received on S...

07 Mar 2005 Corporate

Egypt’s Torah Cement near triples 2004 net profit

Egypt’s Torah Portland Cement nearly tripled its 2004 net profit to 152.83 million Egyptian pounds ($26.35m) the stock market said in a statement on Sunday. The cement fi...

07 Mar 2005 International

Cement firms foresee high capacity usage

Capacity utilisation in the Indian cement sector is expected to touch an unprecedented 99 per cent in March. "Companies increase their output because the industry demand peaks ...

07 Mar 2005 International

Good start for cement demand this year

Thailand’s cement sales in January 2005 showed an impressive growth of 19.6 per cent YoY. The January sales were well above expectation. Domestic cement demand is expected

07 Mar 2005 Corporate

UK’s Aggregate Industries year profits up

UK construction group Aggregate Industries Plc, which has agreed to a GBP1.8bn ($3.4bn) takeover by Swiss company Holcim , reported a five per cent rise in annual profit on Monday.

07 Mar 2005 International

Union Cement 2004 sales gains

UAE Ras al-Khaimah cement manufacturer Union Cement registered cement sales of 1.25Mt in 2004, an increase from 1.04Mt in the previous year, according to the annual report

07 Mar 2005 International

Semen Gresik growth to slow

The growth of pretax profit of PT Semen Gresik would have slowed down in 2004 due to the high base of net profit of 2003. The Finance Director of Semen Gresik, Cholil Hasan, said

04 Mar 2005 International

Cement sales slow down in February, India

Cement despatches have slowed down in February on account of low sales in north India.

04 Mar 2005 International

Combined cement sales at US$1.307bn, Saudi Arabia

The combined sales of Saudi Arabia’s eight cement companies rose to SAR4.9bn (US$1.307bn) in 2004 from SAR4.5bn (US$987m) in 2003.

04 Mar 2005 International

Government launches INC audit consultancy

The central public investment unit of Paraguay’s finance ministry has launched bidding for a consultancy to audit state cement company Industria Nacional del Cemento (INC)...

04 Mar 2005 International

Cemento Polpaico profits on reduced costs, Chile

Chile’s Cemento Polpaico posted a COP14.888bn (US$25.2m) consolidated net profit in 2004, up 45.3% from the previous year, the cement maker reported to the country’s...