Leading Indian cement firm eyes Chinese market
The Associated Cement Companies Limited, India’s foremost manufacturer of cement, is scouting for business opportunities in China as well as cooperative projects in third ...
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Ciments Francais bids US$550m for Egypt’s Suez Cement
Italcementi SpA’s Ciments Francais unit has launched a US$550m bid to buy the Egyptian government’s 65.9 per cent share in Suez Cement. Ciments Francais already own...
Parliament OKs 41% cement duty; CCC to invest, Jamaica
Jamaica’s parliament has approved the 40.8% duty on imported cement, clearing the way for Caribbean Cement (CCC) to carry out the postponed US$100m capital investment in i...
Suez Cement nine-month net profit, Egypt
Egypt’s Suez Cement reported a 94 per cent increase in nine-month 2004 net profit to E£182.59m. The company, 34 per cent owned by Ciments Francais, earned E£93.09m in the...
SEC approves Union Cement name change to Holcim Philippines
Philippines’ SEC approves Union Cement name change to Holcim Philippines MANILA Union Cement Corp said the Securities and Exchange Commission (SEC) has approved the amendm...
Misr Cement Quena completes sale of 465,630 shares
Misr Cement Quena completed the sale of 465,630 shares that were previously not fully subscribed to, representing 1.55% of the company’s total shares at an execution price...
China Res Cement to buy HK$152m JV stake, China
China Resources Cement Holdings Ltd has agreed to buy a 73.5 per cent stake in a cement production joint venture from its parent China Resources (Holdings) Ltd. for HK$151.7m (U...
Indocement eyes 10% sales increase in 2005, Indonesia
PT Indocement Tunggal Prakarsa Tbk set the target that the revenue of the company would increase by 10% next year, compared to the target of 8% increase this year.
Govt to wind-up State Cement Corp this month, Pakistan
The federal government has decided to wind-up the State Cement Corporation and transfer all its assets to the Pakistan Industrial Development Corporation (PIDC), a company offic...
World’s giants eye cement market in northeast China
As the Chinese government is taking measures to invigorate the old industrial bases in northeast China, Heilongjiang Province has become a hot place drawing the attention of mor...
Hima increases production, Uganda
Hima Cement’s output has increased from 20,000t annually in 1999 to 305,000 due to huge investments, the firm’s plant manager, John Mangi has said. Peter Kaujju rep...
Holcim investment plans, Hungary
Cement manufacturer Holcim Hungaria Rt plans to invest HUF50bn in the building of a cement factory near Labatlan, central Hungary. he building of the cement factory might start ...
Cimpor option to buy Spain’s Branas
Cimpor has said it has the an option to buy 100% of Spain’s Branas de Brins SA for EUR7.51m. The Portuguese major said the price would be adjusted for debt assumed when...
November sales, India
India’s UltraTech Cement said its cement shipments in November rose 13.5 per cent to 1.045Mt from 921,000t a year earlier. It said production in November rose to 1.108Mt ...
Russia produces 39.7Mt, Jan-Oct 2004
39.7Mt of cement was made in Russia in Jan - October 2004, an increase of 11.7 per cent from the figure posted in the same period 2003. Eurocement Group produced more than 8Mt o...
Strong cement consumption for October, Thailand
BOT announced key economic data for the month of October including the country’s cement sales of 2.45Mt, representing a 22.3% increase YoY and 2% QoQ.
Akcansa interested in Uzan group ex-factories, Turkey
Mehmet Gocmen, general manager of the cement producer Akcansa, said that the company was interested in the cement companies which were previously owned by Uzan Group but taken o...
Construction plans for proposed 800,000tpa cement plant expansion project, Malaysia
Lafarge Malayan is now involved in a move that is aimed at reducing the group’s overall logistics costs to ship cement from its Langkawi plant to the mainland as well as r...
Cement sales decline 17% in November, Pakistan
KARACHI: Sales of cement dropped 17 percent on month-on-month basis in November but overall sales rose 29 percent on year-on-year basis, according to the data released by the Al...
Philippines Republic Cement issues notes
Republic Cement Corp said it has issued PHP1.35 billion worth of 10-year convertible loan notes to Lafarge Holdings (Philippines) Inc. The convertible notes, issued Wednesday, c...
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