UAE Fujairah Cement profit soars
UAE cement manufacturer Fujairah Cement Industries Company reported a surge in net profit to US$24.6m for 2004, up from US$9.7m in 2003.
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Indonesian cement demand down in January
Indonesian cement consumption fell 4.2 per cent in January from a year earlier, industry data showed on Monday, due mainly to lower demand in areas outside the main island of Ja...
Chinese to open cement factory in Madagascar
China’s huge state-owned Changchun Construction Group announced plans Monday to construct a large cement factory in Madagascar where it aims to undercut the prices of curr...
Cementos Lima posts US$29.6m profits
Cementos Lima, Peru’s largest cement producer, posted a 96.5m-sol (US$29.6m) net profit in 2004, up 0.75 per cent from the previous year, Cementos reported to the country&...
CeMAP appoints new chairman
Renato c. Sunico has been voted as chair of the Cement Manufacturers Association of the Philippines (CeMAP) during the association’s last board meeting in December 2004. M...
Demands not met, but no worries
The Indian cement industry expected a lot from this budget. But it has to be content with the fact that the continued focus on infrastructure development in the budget, if trans...
Property rebound to drive up concrete prices
Cement prices in southern and eastern China will be stable this year, but the recovery in Hong Kong’s property market will help drive up the price of concrete here, accord...
Government & Cemex to continue out of court negotiations
Indonesian government and Mexico based company Cemex Asia continued their out of court negotiation on Semen Gresik even though until yesterday there had not been any conclusion ...
Cement prices in Maharashtra to rise
Cement prices in India’s western state of Maharashtra, the country’s biggest construction market, is set rise by 1.7 per cent from Tuesday, on the back of strong dem...
Japan Cement Exports Down
Japan cement exports totalled 627,000t in January 2005, down 18.5 per cent year-on-year, the Japan Cement Association (JCA) said on March 1, 2005. The figure marked a year-on-y...
Spanish Cementos Portland posts lower profits
Cementos Portland Valderribas SA posted an attributable profit of Euro 116.1m for 2004, a 21.8 per cent year-on-year decrease, the company said on February 28, 2005. The decrea...
Holcim extends Aggregate Industries bid
Holcim said it is extending its takeover bid for Aggregate Industries PLC to March 21. Holcim said it now owns 78.4 per cent of the UK-based company after receiving acceptances...
More expansion in Vietnam
Eight cement plants included in 20 cement expansion projects will be put into operation in 2007, according to the Vietnam Cement Corporation. These factories will raise the ceme...
Bamburi Drops supplier to reduce costs
Hundreds of jobs in the Kenyan paper sector may be lost, after a leading cement company decided to import bags for its products. The move by Bamburi Cement Company is a major c...
Lagan considers bonemeal fuel for cement plant
Irish-based Lagan Cement, the republic’s third-biggest supplier of cement, is researching “alternative” methods of fuelling the furnaces at its controversial factory near Kinneg...
Adana Cimento plans to make investments this year
Turkish cement producer Adana Cimento announced its investment, production and sales targets in the 2005 budget. The company plans to make TRY 9.5mn investment this year,
Turkish Bolu Cimento to invest
Turkish cement and clinker producer Bolu Cimento plans to invest 10.332 mln new Turkish lira ($7.68m) in 2005, the company said on February 25, 2005. The company said in early
CRH’s views on sector consolidation sought next week
CRH PLC’s views on the consolidation of the European cement industry and whether it plans to get involved in the latest round of takeover activity will be a major talking ...
Holcim 2004 profit seen up on higher cement prices
Holcim, is expected to report a rise in full-year profit next Wednesday after higher cement prices and efficiency gains more than outweighed growth in raw material costs, analysts
Holcim Maroc net profit down
Holcim Maroc, a subsidiary of Swiss cement supplier Holcim Ltd, posted a consolidated net profit of 354 mln Moroccan dirhams ($42m) for 2004, down 15.1 per cent year-on-year.
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