Ultratech loses ground to rivals
Grasim’s acquisition of L&T’s cement division was supposed to make the combined entity India’s largest cement group. In the market place however, Grasim and Ul...
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Swiss giant makes donation via Siam City Cement
The largest corporate donation so far for tsunami victims in Thailand was made yesterday through Siam City Cement Ltd by its Swiss-based shareholder, Holcim Ltd. The Bt33 mill...
Retail investors will be offered more bonds
New bond issues in 2005 are expected to become increasingly structured as public offerings aimed at retail investors rather than for institutional investors, according to the Th...
Cemex to suspend arbitration proceedings
Mexico’s Cemex SA has agreed to suspend international arbitration proceedings against the Indonesian government over a dispute for control of Indonesia’s largest cem...
Holcim Romania 2004 turnover up
Holcim Romania, a unit of Swiss cement company Holcim Ltd, said on Thursday its 2004 turnover grew 10% due to investments in quality, service and innovation. It recorded 118 mil...
Kuwaiti Cement Companies ask for price increase
Three Kuwaiti cement companies have asked the Kuwaiti Ministry of Trade and Industry for an increase in the cement price agreed between the two sides, it was reported on January...
Philippines’ Union Cement higher
Shares of Union Cement Corp were higher in late morning trade as investors’ buying interest shifted to second-line stocks, dealers said. Union Cement was up 0.06 pesos or ...
Indocement sees demand up due to Aceh work
PT Indocement Tunggal Prakarsa, a unit of Germany’s Heidelberger Zement AG, said it expects demand for cement to increase once reconstruction work begins in the tsunami-hi...
Salonit Anhovo Acquires 5stake in Kema Puconci
Slovenian cement manufacturer Salonit Anhovo has acquired a 54.93 per cent stake in its local building materials firm Kema Puconci. Salonit acquired the 119,382 shares by 30 D...
New head for Lafarge North America
Lafarge North America Inc. Toronto, today announced that Eric C. Olsen officially assumed his position as executive vice president and chief financial officer on January 1, 2005...
Pakistan cement sector to add capacity
The Pakistan cement sector is likely to add 21Mt of additional capacity in the next four years, analysts said on January 5. "We foresee the existing production capacity of the...
Cement exports rise in Pakistan
The export of cement recorded an increase of 58.52 percent to 777,352t in the first half (July-December) of the current fiscal year compared to the same period last year, accord...
Lafarge to look again at Loma Negra?
Lafarge is reported to be interested in acquisition of the Argentine cement company Loma Negra. This Argentinian company, owned by Argentine businesswoman Amalia Lacroze de Fort...
Gujarat Ambuja’s Dec sales rise
Gujarat Ambuja cement has recorded a 11 per cent rise in cement despatches at 1.254Mt in December 2004 against 1.123Mt registered in the same month a year ago. Gujarat Ambuja sa...
Construction supplier sales up 15%
Confirming the trend seen in previous months, the sales index of the Chilean construction sector’s wholesale providers climbed substantially in November. The year-on-year ...
Cement industry expects to grow 8-9%
With the continued focus on infrastructure development and a boom in construction witnessed in many parts of the country, the New Year is expected to see an increase in demand f...
Vietnam lowers import tariffs on clinker
Vietnam has just slashed the tariff on clinker imported from non-ASEAN (the Association of Southeast Asian Nations) countries to 10 per cent from 25 per cent. Vietnam is predict...
Shui On to dispose of four concrete companies
Shui On Construction and Materials Ltd wholly-owned unit Shui On Building Materials Ltd said it will sell to Maxking Investments Ltd the entire issued share capitals of four c...
Cemex completion of RMC buy postponed
Cemex said the completion of its acquisition of RMC Group PLC will be postponed because the deal has not yet received clearance from the US anti-trust authorities. The court h...
Ship loss caught on camera
A photo of the MV Cina Andalas which was caught by the full force of the Tsunami whilst awaiting to load at the Semen Andalas facility in Bandar Aceh last week highlights the de...
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