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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Monopolies Commission Probes Bamburi Cement
The Kenyan government is investigating a leading local cement manufacturer over alleged anti-competitive practices. Monopolies and Prices Commissioner, Peter Njoroge, told repo...
Katavsky Cement produces 55,000 tons of cement in January
JSC Katavsky Cement produced 55,000t of cement in January 2005. Standing idle since Oct 2003 the company resumed operations in Jan 2004 after being taken over by the
India Cements puts off sale
India Cements has decided to defer plans to sell its manufacturing units in Andhra Pradesh flowing a large infusion of funds from overseas investor Asia Debt Management. The
Ramco sets up cement unit in Bhopal
The Indian Ramco group has set up a facility to manufacture fibre cement sheets at Kharagpur in West Bengal. The facility has the capacity to produce 80,000t of fibre cement
Cemex likely to resume legal battle
With the deadline fast approaching, and no out-of-court deal made, the government is gearing up for a legal battle at the international arbitration court to settle its years of ...
Maple Leaf review
During 2004, the company posted highest-ever profit and recorded high productivity. This enabled the company to bring the turnaround in operating results and thus stakeholders a...
Cemco tender offer
The Philippine Securities and Exchange Commission will stand by its decision ordering Cemco Holdings Inc. to conduct a tender offer for minority shareholders of Holcim
Improvements in Iranian cement sector
Nearly 950,000t of cement has been sold in overseas markets since March, the deputy commerce minister said in Tehran on Saturday. English-language paper `Iran Daily` quoted
Colombia SIC starts probe in nine cement producers
Colombian industry and trade regulator SIC confirmed it was investigating nine leading cement producers and distributors in the country for alleged illegal competition practices...
Holcim Philippines continues rise ahead of Cemco’s tender offer
Shares of Holcim Philippines Inc extended recent gains ahead of Cemco Holdings Inc’s tender offer to Holcim’s minority shareholders, dealers said. In mid-morning tra...
Heracles says 2004 pretax hit by end of Olympics
Greek cement producer Heracles Cement, majority-owned by France’s Lafarge posted an 8.2 per cent drop in 2004 group pretax profit to 107.4 million euros, hit by slowing vo...
Titan Cement reports higher earnings
Titan Cement Company SA, Greece said on Thursday that group operating EBITDA for full-year 2004 grew by 9.3 per cent to Euro323 million from a year earlier,with group net profit...
Cement sector grows 3.07% in 2004
After having posted a negative result in 2003, the Brazilian cement products’ sector good results in 2004. According to data released by the Brazilian Cement Products Man...
Investment in Guangxi cement plant fixed
China Resources Cement Holdings plans to inject 419 million yuan into a joint-venture cement plant in Guangxi province to boost output amid growing demand in the Pearl River Del...
Holcim leads in Iran
Holcim is quietly building up a useful portfolio of cement assets in Iran, while other majors have yet to make any impact on this emerging nation and one which consumed a high 3...
Cement industry grows despite falling indices
A senior Iranian economic official said that a major portion of the $5bn worth of funds the government allocated for private enterprises in the year to March 2005 has been inves...
Q & A session with Cemex’s Gilberto Perez
In a recent Houston interview, Gilberto Perez, the president of US operations for Cemex, gave a few insights into Cemex plans for its US operations
India Cements puts off AP units sale plan
Buoyed by a heavy dose of funds from overseas investor Asia Debt Management, India Cements, South India’s largest cement manufacturer, has decided to shelve the plan to se...
Vietnam Cement Corp vows no price increases in ’05
The Vietnam Cement Corporation will not increase cement prices this year in an effort to maintain market stability for the building material, said general director Nguyen Van Ha...
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