Indian promoters of Prism cements buy out foreign stakes
Indian promoters of Prism Cements have bought out the entire 8.38 per cent holding of foreign promoters F L Smidth & Co and IFU of Denmark in the company, taking their stake to ...
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Mitsui to pull out of cement business
Mitsui Japan has decided to withdraw from its cement business because of poor earnings prospects, The Nihon Keizai Shimbun learned Monday. The major trading house plans to stop ...
Gresik expects improved 2005
PT Semen Gresik expects to book IDR500 billion in net profit next year because of rising demand for cement, a company official said Tuesday. Gresik’s chief financial offic...
Titan sees highs and lows
Titan increased turnover by 6.4 per cent to €829.4m in the first nine months of 2004 and the operating profit at the EBITDA level rose by 13.1 per cent to €243.0m. In local cur...
Mexican Customs demand cement sale
As part of its convoluted legal manoeuvrings, the Mexican Customs authorities are now demanding that the 27,000t of cement from the Mary Nour be discharged into customs protecti...
Mexican Customs demand cement sale
As part of its convoluted legal manoeuvrings, the Mexican Customs authorities are now demanding that the 27,000t of cement from the Mary Nour be discharged into customs protecti...
Finnish CO2 emissions surge
Finland’s CO2 emissions in 2003 were 20 per cent higher than in 1990, official data revealed yesterday. Finland’s target under the Kyoto Protocol is to stabilise the emissions o...
Carbon credit consultancy established
Climate Focus, a new Dutch-based firm to assist governments and companies on carbon credit procurement, was established late-November. Climate Focus was founded by Adriaan Korth...
Shock bills in Castle Cement case, UK
More than 36 families in Clitheroe who intended to take Castle Cement to court alleging chest complaints and other ailments could face a legal bill of up to UK£2500 each. The h...
Turkish Akcansa Jan-Sept 2004 net profits
Turkish cement producer Akcansa Cimento reported a net profit of 54.3 trln lira (US$38.2m) for the first nine months of 2004, compared to 14.1 trn lira (US$9.9m) for the same p...
Cement units demand withdrawal of freight rates hike, India
The Cement Manufacturers’ Association of India has demanded immediate withdrawal of the hike in railway freight rates, saying the hike would lead to unsustainable increase...
Podilskyi Cement plans to increase output, Ukraine
The Podilskyi Tsement company (Kamianets-Podilskyi, Khmelnytskyi region), one of top three cement producers, plans to increase production by 12.5 per cent in 2005, producing 1.5...
Indonesia October cement sales grow 5.5 per cent
Indonesia’s cement consumption grew 5.5 per cent in October to 2.97Mt from the same month a year earlier, the country’s largest cement maker said, reflecting strong ...
Holcim inaugurates new cement plant, Vietnam
Holcim Vietnam has opened the Thi Vai Cement Grinding Plant in the southern province of Ba Ria - Vung Tau. The plant will supply 1.3Mt of cement to the market per annum, accordi...
Indonesian government proposes Cemex alternative
The Indonesian government said it hopes to settle dispute with Cemex Asia over state-owned cement maker PT Semen Gresik by offering the Mexican giant to invest in other companies
Semapa Q3 net rises, Portugal
Industrial holding company Semapa said net profit surged five-fold to Euro 162.317m in the third quarter from Euro29.176m a year earlier, boosted by cash flow from the sales of ...
YTL improves in its first quarter results, Malaysia
YTL Corp Bhd made a net profit of RM161.3m(US$42.5m) on turnover of RM1.178bn (US$310m) in the first quarter ended Sept 30, on strong contribution from utilities and cement manu...
Orascom to renovate Iraqi plant
Orascom Construction Industries announced that the Kurdistan Regional Government has awarded an OCI consortium a 12-year lease contract for the Tasluja cement plant located near...
Public domain awards
Entries are now being accepted for the 2005 Public Domain awards, recognising Australia’s best use of concrete in the urban environment. Organised by Cement Concrete & Aggregate...
JPM on Lafarge
Analysts at JP Morgan are retaining an ‘overweight’ rating on Lafarge, with a DCF-based price target of €86, 21% above the current share price. Our valuation assumes a continuat...
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