National Bank eyes Heracles sale
The National Bank, Greece’s largest bank, plans to offload its minority stake in cement maker Heracles by the year end in a bid to cut non-core activities, a senior bank o...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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ACC cuts staff at Bargarh
Six months after taking control of Idcol Cement - now named Bargarh Cement - ACC, the country’s second largest cement manufacturer, has kicked off a major manpower rationa...
Cement rises 17 per cent rise in October
The Indian cement sector is finally showing strong signs of revival, with industry shipments recording a 17 per cent growth last month, the highest in recent times, thanks to th...
Cementir pre-tax profits rise
Italian cement company Cementir, a unit of the local construction company Caltagirone, posted a pre-tax profit of Euro 49.7m for the first nine months of 2004, compared to Euro ...
Cimpor 9-month figures
Cimpor said Monday flat sales and higher costs led to a 6.6 per cent decline in nine-month consolidated net profit. Profits fell to Euro 139.2m compared with EUR149.0 million f...
Cimpor buys 49 pct of Angola’s Nova Cimangola
Cimentos de Portugal SGPS SA (Cimpor) said it has acquired from two companies belonging to Holcim AG and HeidelbergCement AG, the entire share capital of Scanang Holding Ltd, wh...
Thai court approves TPI Polene debt revamp plan
A Thai court gave final approval to a revised plan to restructure $600 million debt of TPI Polene PCL (TPIP.BK), allowing the country’s number three cement maker more time...
GCC cement industry sets to grow at 9.5 percent
The cement industry of the Gulf Cooperation Council (GCC) countries is set to grow at an compounded annual growth rate of 9.5 per cent till 2006, local newspaper the Khaleej Tim...
Gresik predicts stagnation in sales
State-owned cement maker PT Semen Gresik is targeting only a 10 per cent increase in net profit this year with sales stagnating at around Rp5 trillion (US$554.89m) to Rp5.5 tril...
Associated Cement Companies statistics
ACC production and despatch figures for the month of October 2004, are as follows: October 2004 Cement production 1.394Mt. Cement despatches 1.402Mt October 2003 Cement produc...
HeidelbergCement Q3 profit jumps on price rises
German building-materials group HeidelbergCement reported a 53 percent rise in third-quarter operating profit on Tuesday, following a pick-up in business in eastern Europe and h...
New cement plant to be built in Morocco
Holcim will build a new cement plant with an annual capacity of 1.7Mt in Morocco’s principal market of Casablanca. This will enable Holcim to meet over the long term the r...
New orders for Pavilion Technologies
Pavilion Technologies, a world leader in advanced process control (APC) has been selected by Dyckerhoff AG to implement kiln and mill Advanced Process Control (APC) solutions ac...
Dyckerhoff selects Pavilion Technologies
Pavilion Technologies, a world leader in advanced process control (APC) has been selected by Dyckerhoff AG to implement kiln and mill Advanced Process Control (APC) solutions ac...
Holcim comfortably ahead after nine months
Holcim increased turnover by 6.6% to Sw.Fr.10,017m (€6,463m) in the first nine months of 2004, an increase of 6.6%. The operating profit at the EBITDA level advanced by 15.3% t...
Saudi Eastern Province Cement
Saudi cement producer Eastern Province Cement Company (EPC) posted a net profit of 214.9m Saudi riyals (US$57.3m) for the first nine months of 2004, up 9.1 per cent YoY. EPC&rsq...
Cement industry to grow two per cent in 2004
Chilean Cement company Cementos Polpaico, part of the Swiss group Holcim, has had a good year bearing in mind that through the third quarter its profits grew 25 per cent to 11.1...
Camargo Correa covets Loma Negra
The Brazilian Camargo Correa is negotiating the acquisition of Loma Negra - the largest cement manufacturer of Argentina. Camargo Correa did not confirm the negotiations but a s...
German Heidelberg Cement To Raise Prices in 2005
German cement company Heidelberg Cement is planning to raise the price of cement by Euro 9.5 (US$12.24) per tonne as of January 2005, for the third time in a row, so as to take ...
Italcementi net profit down Jan-Sept 2004
The Italian cement producer and distributor Italcementi S.p.A. ended the first nine months of 2004 with a consolidated net profit of Euro 222.2m (US$286.4m), down by 3.5 per cen...
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