Cement industry news

31 Dec 2004 Corporate

Humphreys maintains Cementos Bio Bio bond rating

Chilean ratings agency Humphreys has maintained its AA- rating on bonds issued by local cement maker Cementos Bío Bío,

31 Dec 2004 Environmental

EU carbon trading a possible blueprint

Climate change will become a serious business issue for many European companies from tomorrow with the start of the European

31 Dec 2004 Corporate

Rinker sells US concrete business

Shares in Australia’s Rinker Group Ltd dipped on Friday after the building materials group said it would incur a non-cash pretax

31 Dec 2004 Corporate

Analysts rate Heidelberg Cement share as a ’sell’.

Analysts at Helaba Trust have given a ’sell’ rating to shares in HeidelbergCement, the German building materials group.

31 Dec 2004 International

Croatian Nexe gets control of port

Croatian construction materials group Nexe said this week that it has gained control of a port on the Drava river and planned

31 Dec 2004 Trading

Cement price goes up again

Zimbabwe’s cement manufacturers have hiked prices by 28 per cent, a fourth increase this year alone which is likely to deal a

31 Dec 2004 International

World Bank commits US$250m for tsunami-affected countries

The World Bank has announced it will make available US$250 million as its initial contribution for emergency reconstruction

31 Dec 2004 International

Garadagh Cement produced 1.36Mt

Uwe Koehler, chairman of the board of Garadagh Cement, a Holcim subsidiary, informed Azer-press that

31 Dec 2004 International

Somoza family assures that Cemex will keep control

The Somoza dynasty, after celebrating a legal victory following a court ruled that Cemex must return the Nicaraguan cement

31 Dec 2004 International

Cement ship sunk in Aceh by tsunami

As reported earlier in the week, Samudera Shipping Line, Singapore, now confirms that one of its cement carriers capsized

31 Dec 2004 International

Ciments Francais fails in Suez bid

At the end of the validity term of the Public Tender Offer for Suez Cement Company, Ciments Francais (Italcementi Group) which

30 Dec 2004 Environmental

Malfunctioning concrete factory makes locals’ lives a misery

On days when the south wind blows, the clothes that villagers in Lower Chaqishi, in the northern Iraqi governorate of Sulaymaniyah, hang up to dry come in whiter than white. It ...

30 Dec 2004 Trading

Turkish Mardin Cimento to focus on exports to Iraq

Turkish cement, clinker and ready-mixed concrete producer Mardin Cimento, plans to withdraw from the Syrian market and concentrate on exports to Iraq in 2005 in a bid to increas...

30 Dec 2004 Corporate

Turkish Adana Cimento Jan-Sept 2004 sales rise

Turkish cement manufacturer and retailer Adana Cimento achieved gross sales of 139.1 trln Turkish lira ($103.2m) for the first nine months of 2004, against 112 trln lira ($83.1m...

30 Dec 2004 International

New Cement Company established in Sudan

A new cement company, called Barbar Cement Company, was established in Sudan on December 28, 2004. The company’s shareholders include Saudi-based The Arab Investment Compa...

30 Dec 2004 Trading

Antidumping Duty Administrative Review

On June 22, 2004, the Department of Commerce published the preliminary results of administrative review of the antidumping duty order on gray portland cement and clinker from Me...

30 Dec 2004 Corporate

Colombian Colclinker buys stake in Tablemac

Colclinker has bought a 31.44 per cent stake in another Colombian company, the converted paper producer Tableros y Maderas de Caldas (Tablemac), Colclinker said on December 28,

30 Dec 2004 Corporate

JP Morgan Fleming buys into Cementir

US financial adviser JP Morgan Fleming Asset Management has acquired 2.093 per cent in Italian cement company Cementir, it was reported on December 29, 2004. The news was

30 Dec 2004 International

Egyptian minister maps out industrial plan for 2005

2005 will be the year of activating the industrial sector in Egypt, said Minister of Foreign Trade and Industry Rashid Muhammad Rashid. The ministry will seek to iron out the pr...

30 Dec 2004 International

Central Bank of Kenya reports on construction sector

Construction activity in the building and construction sector picked up during the financial year 2003/04, with cement consumption increasing by 5.8 per cent to 1,323,105t from ...