Shree hopes for 8-9 per cent growth, India
Shree Cement hopes to log a growth of 8-9% for the whole year. The company is bullish about the industry’s prospects and expects to outperform it. HM Bangur, MD of Shree C...
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Staggering prices derail construction projects, Brunei
The price of cement is reaching phenomenal heights, with the construction industry here feeling the pinch with a shortage. Construction work has been delayed and, in some cases,
ENCI threatened with strikes , The Netherlands
Dutch cement factory ENCI is threatened with strikes if the deliberations between trade unions and the company’s management about the announced restructuring have a negati...
Cement majors post higher shipments, India
Major cement companies in India have recorded higher sales in Jan 2005. The Ambuja group has recorded a growth of eight per cent at 12.57 lakh tonnes. The group has recorded a g...
Votorantim and Camargo Correa on the acquisition trail
The Brazilian industrial group Votorantim, owned by the family Erminio de Moraes, is betting on new acquisitions after taking over new assets in Brazil, North America and Peru i...
Siam Cement reports operating results for full year 2004, Thailand
The Siam Cement Group (SCG) announced record operating performance for financial year 2004, citing strong performance in most of the strategic business units, particularly in th...
OCI invests in new capacity, Iraq
Orascom Construction Industries announced that an OCI / Faruk Rasool Group / Dler Sayed Maged consortium has obtained regulatory approvals for the construction of a new greenfie...
Gresik sees market share concerns, Indonesia
PT Semen Gresik, Indonesia’s largest cement maker, expects its market share to fall below 40 per cent in the next two years, from the current 45 per cent, unless the compa...
Cement sales down in January, Pakistan
The cement sales growth during January 2005 slows down to 7.6 per cent because of winter rains, slowing down construction activity and holidays on account of Eid-ul Azha. The fi...
St. Lawrence Cement 4Q decline
St. Lawrence Cement Group Inc reported a 9.2 per cent decline in fourth-quarter earnings, due to a lower-than-expected contribution from construction materials as a result of po...
BCA welcomes consultation on substitute fuels protocol
The British Cement Association (BCA) has welcomed the Environment Agency’s consultation document on the proposed revision of the Substitute Fuels Protocol (SFP)
Cement to cost more in South India
Major cement companies have hiked the price of cement in South India by Rs 8-10 for a 50 kg bag. In Tamil Nadu, the price hike was about Rs eight while in Kerala, the prices hav...
Public offering for Libyan cement company Public offering for Libyan cement company
Libya plans to raise US$270m by selling shares in a cement company, in the first initial public offering and biggest sale of a government-owned business as the country tries to ...
Yemen statistics
The total sales of the Cement Manufacturing and Marketing Co. during 2004 reached 572,577t versus 302.577t last year. A company report also said that the production of Bajel
Dalmacijacement 2004 Net Profit Falls
Croatian cement maker Dalmacijacement, a subsidiary of UK construction materials company RMC Group, said on Thursday its net profit for 2004 fell 29 per cent on the year to 150....
Ivano-Frankivsktsement to switch to dry
The Ivano-Frankivsktsement company, one of the five biggest producers of cement and sale in Ukraine, intends to switch to the dry method of cement production before 2007. A re...
Holcim plans to invest additional funds in India
Holcim plans to invest additional US$1bn in India over 5-7 years Business Standard reported, quoting a senior executive of Gujarat Ambuja Cement Ltd. This investment is in addit...
Holcim may have to make open offer for Everest
Holcim’s agreement with Adani over ACC’s 76.01 per cent stake in materials firm Everest Industries is raising regulatory eyebrows and investor concerns, with analyst...
Holcim aims to expand in China
Holcim which recently announced big acquisition plans in India and the UK, plans to expand its position in the Chinese market as well, Chief Executive Officer Markus Akermann sa...
HeidelbergCement sees large losses in 2004
HeidelbergCement expects to post a loss of up to Euro 400m in 2004 after booking Euro 700m in one-off charges, the world’s fourth-largest cement maker said on Thursday. "...
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