Oman Cement signs agreement with Holtec
Sayyid Qahtan bin Yaroub al-Busaidi, Chairman of Oman Cement Company, has recently signed an agreement with the Indian Holtec Consulting pvt. Ltd. Company whereby the latter is ...
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Semen Gresik says Govt’s cement jv plan unnecessary
Satryo, the president director of Semen Gresik, said Tuesday the government’s plan to build a joint venture in the cement industry as part of a dispute settlement with Cem...
Holcim’s plans with planned acquisitions
The planned Indian joint venture with Gujarat Ambuja Cement will not only give Holcim a strong position on the Indian market, but also considerable increase the influence of the...
Indocement seeks US$150m debt refinancing
PT Indocement Tunggal Prakarsa, the country’s second largest cement maker, and part of HeidelbergCement is seeking minority shareholders’ approval for proposed deb...
HeidelbergCement looks for further cost-cutting
German building materials group Heidelberg Cement AG is expected to make an effort to cut costs and clean up its balance sheet, following the appointment of supervisory board ch...
ETA-ASCON consolidates Star Cement brand
ETA Ascon Group has consolidated their cement manufacturing capabilities under the brand name Star Cement. The latest move brings together manufacturing subsidiaries, Arabian G...
Immobiliare Caltagirone lowers stake
Italian real estate company Immobiliare Caltagirone S.p.A. reduced its stake in Italian cement company Cementir-Cementerie del Tirreno SpA, a unit of local cement company Cement...
Cement Prices shoot up
A 10 per cent jump in Ugandan cement retail prices to sh20,000 a bag is a result of an increase in factory prices and a seasonal spike in demand, industry sources said last week...
Adani group to acquire Everest
Swiss Cement giant Holcim has found a buyer for the Associated Cement Companies’ (ACC’s) 76.1 per cent stake in Everest Industries Limited. The Rs 7,000 crore Adani ...
Holcim says treasury share sale concluded
Holcim has sold treasury shares amounting to about 430 million Swiss francs ($364m), the Swiss cement maker said on Tuesday, as it is bidding for Britain’s Aggregate Indus...
Semen Gresik 2004 cement sales
PT Semen Gresik, Indonesia’s largest cement maker, said it sold 15.64Mt of cement in 2004, an increase of 11.5 per cent from 14.03Mt in 2003. It said domestic sales grew 1...
Cemex set to run new venture
Cemex is expected to take control of a new joint venture in Indonesia as part of the resolution to a long-running dispute with Jakarta that could be announced as early as today....
Indonesia plans to sign MoU with Cemex
Indonesia plans to sign Memorandum of Understanding with Cemex tomorrow to settle Semen Gresik dispute over a failed put option deal for the sale of a majority stake in state ce...
Cement shortage expected to ease
Rising prices and growing shortages were part and parcel of the life of a US builder in 2004. But there might be a light at the end of the tunnel. Tight materials supplies and t...
Cement production down In December
In December, Ukrainian cement production fell by 8.5 per cent compared with December 2003, to 468,000t and compared to november 2004 figures, cement production fell by 33.4 per ...
Gujurat Ambuja’s ACIL stake valuation
Gujarat Ambuja Cements (GACL) could make a lot of money if it ever chooses to sell its 33 per cent stake in Ambuja Cement India (ACIL), the holding company which owns a 13.3 per...
Lafarge Malayan to focus on organic growth
Lafarge Malayan Cement Bhd (LMC), the country’s largest cement maker, has put on hold all capacity expansion and acquisition plans and will focus instead on organic growth...
Siam Cement net almost doubled In 2004
Siam Cement’s net profit likely almost doubled in 2004 from the year before, propelled by rising petrochemical prices, strong demand for cement and one-off gains from a ma...
Bernd Scheifele new HeidelbergCement chairman
The Supervisory Board of HeidelbergCement AG has appointed Dr. Bernd Scheifele the new Chairman of the Managing Board. Scheifele, currently Chairman of the company1s
Locals cast doubt on Holcim Indian plans
Holcim may find it difficult to get a majority in ACC unless they hike their open offer by a substantial amount. All Indian cement companies are on a roll at present, ACC has fo...
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