Siam City Cement aims 2005 domestic sales to rise 10%-11%
Siam City Cement PCL Thailand’s second-largest cement producer, aims to increase its domestic cement sales this year by around 10%, a company executive said.
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Indian cement industry is sprucing up to meet domestic and global demand
The Indian cement industry is sprucing up to meet the increase in demand from both domestic and global markets.
Indonesia faces deadlock in negotiations with Cemex
The government faces a deadlock in ongoing talks with Cemex SA to settle a dispute over a failed put option deal involving a 51 pct stake in PT Semen Gresik, Bisnis Indonesia re...
YTL Expects Avg 20 per cent year profit rise
Diversified YTL Corp will grow profits, revenue and share price about 20 per cent a year up until 2020, Group Managing Director Francis Yeoh says, according to local news report...
Grasim Q3 net profit rises 32%, beats forecast
Industries Ltd, India’s top cement group, said on Friday its quarterly profit jumped 32 per cent, beating expectations as a construction boom in Asia’s fourth-bigges...
Cemex negotiating Hormigonera purchase
Cemex may be negotiating the acquisition of Puerto Rico’s (PR) second-largest concrete producer Hormigonera Mayagezana, PR press reported. Other island cement players hav...
Diamond Cement, Ghana, no pollution problem
The Volta Regional Parliamentary Caucus has discounted media reports that the operations of Diamond Cement Ghana Limited (DCGL), was polluting the environment and endangering th...
Death at Artesia plant investigated
Company officials and representatives of the US Mine Safety and Health Administration are investigating the death of a cement plant worker in Artesia. Randy G Vibrock Sr, 49, of...
Takeover at Essa Cement
A group of financiers and an industrialist have jointly took over Essa Cement Limited, by paying liabilities of the company against the majority shareholding. “We saw it as a go...
Eurocement: production up 13 per cent
In 2004, the Eurocement Group produced more than 9.6Mt of cement, 13 per cent more than in 2003. The group turned out more than 1Mt of bagged products, up 16 per cent year-on-...
PPC records R5.4m loss
Cement manufacturer Portland Holdings Limited (Porthold) in Zimbabwe, which had its results de-consolidated from parent company, Pretoria Portland Cement Company (PPC) last year...
Abdioglu to buy Uzan cement operation?
Turkish Abdioglu Group is interested in acquiring cement operation Trabzon Cimento, previously owned by the controversial Uzan family, the group’s chairman Ali Sefik Abdioglu
Lafarge eyes small, medium acquisitions
Lafarge has a business model to focus on small- and medium-sized acquisitions, rather than large ones, according to Jean-Jacques Gauthier, the company’s executive VP of fi...
Cemex has not dropped arbitration option
Cemex SA has suspended temporarily but not withdrawn the arbitration case over a failed put option deal involving a 51 per cent stake in PT Semen Gresik, as ongoing negotiations...
No cement shortage says local supplier
The sole supplier of cement in Brunei Darussalam, Butra Heidelbergcement Sdn Bhd, insists that there is no shortage of cement in the country. Ardi Wijaya, the General Manager of...
Lafarge pushes cement sales ahead to 119.4Mt
The turnover at Lafarge rose by an underlying 7.7 per cent in 2004 to €14,436m, with cement accounting for €7,403m (51.3 per cent). Turnover in the cement division rose by 9.2 p...
Titan unit seeks more of Egypt firm
An Egyptian company controlled by Lafarge (and Greece’s Titan has offered to buy an 11.55 per cent stake in Egypt’s Alexandria Portland Cement , the bourse said on W...
Lafarge withdraws from Cemento Avellaneda
Lafarge has withdrawn from Cemento Avellaneda, the Argentinean cement company. According to market sources, Lafarge has just sold its 43 per cent stake in Molins, the Spanish co...
Yemeni Al-Barh cement plant increases output
Yemen’s state-run al-Barh Cement Plant, in the southwestern governorate of Taiz, produced a total 603,233t of cement in 2004, exceeding by 103,233t its targeted output for...
Torah Cement releases 9M results
Torah Cement, Egypt, released 9M FY04 results ending September, in which net income came in at an impressive LE144.1 million, reflecting a 3.8x y-o-y surge over the LE38.3 milli...
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