Clinker exports hold promise for cement units
For the Indian cement industry, it’s a clinker-led export boom. Even as cement exports have more or less stagnated due to sluggish demand, cement companies such as ACC and...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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RATM-Holding acquires stake in Angarskcement
RATM-Holding has acquired a 45 per cent stake in Angarskcement. The new acquisition will allow the holding to boost overall cement output to 2Mt a year. In 2004 Istimtsement, pa...
Cementos Molins reduces share capital
At the company’s annual general meeting, shareholders in Spanish cement producer Cementos Molins have agreed to reduce its share capital by 38.45 per cent, to 19.83 millio...
One giant leap for Mexican cement
Why should Cemex offer US$4.1 billion for RMC? Indeed as much as US$5.8 billion if you add in RMC’s debt? True, Cemex is to borrow all that $5.8 billion—but that means mo...
KHD builds solid foundations in China
Germany’s KHD Humboldt Wedag is to expand their mainland Chinese presence. KHD has done business in China for years but is now establishing a joint venture, which it will ...
Swiss Sika to buy concrete additives business
Swiss specialty chemicals company Sika AG will buy the concrete additives business of Swedish Cementa AB for an undisclosed sum, Sika said on October 1, 2004. The unit generate...
Grasim Industries Sept sales
Grasim Industries Ltd, India’s largest cement maker by capacity, sold 1.16Mt of cement in September, up 12.63 per cent on the year, according to a company statement. Prod...
Cemex faces complaints over proposed RMC purchase
Cemex that last week made a UK£2.3bn bid to buy Britain’s RMC, is to face a complaint about the alleged anti-competitive nature of its business practices. Comercio para el Desar...
Russian approval for Kyoto Protocol
The Russian Cabinet endorsed the Kyoto Protocol last week, making international implementation of one of the most far-reaching and controversial environmental initiatives a near...
Enviromental stock watch
Conventional wisdom says that US environmental stocks will suffer if President Bush is re-elected. But US company Headwaters should prosper however the election turns out, say s...
NCC sells Danish ready-mixed business
The major Nordic construction group NCC has completed its withdrawal from ready-mixed concrete by selling its Danish subsidiary GH Beton A/S for DKr 110m (€15m) to a consortium ...
Holcim clears hurdle in effort to build cement plant
Holcim US operations has cleared another hurdle in its effort to build a $600 million cement plant in Ste. Genevieve County, Missouri. The US District Court for the Eastern Dist...
Questions over the Dragon
A US-Maine neighborhood group promises "consistent, persistent" effort to prod cement manufacturer Dragon Products on environmental issues, and it drew some 100 people to its fi...
Rugby Cement takeover fears
Local protesters are up in arms over news that a Mexican company which was fined more than a quarter of a million dollars for breaching air quality laws are to take over Rugby C...
Near-term outlook positive
The consumption of cement in India during the April-August period (for which the official figures are available) grew by 4% across the country. This lower than the normal growth...
Diamond Cement opening
President John Agyekum Kufuor on Tuesday inaugurated the 15-million Dollar Diamond Cement (Ghana) Limited (DCGL) at Aflao in the Ketu District of the Volta Region, Ghana. The In...
Cemex prices $291.6 mln note buyback
Mexico’s Cemex, the world’s No. 3 cement maker, fixed on Thursday the prices of previously-announced cash tender offers to buy back a total of $291.6 million in debt...
Rinker CEO says on track
Australian heavy building materials company Rinker Group is still expecting 20 per cent profit growth in the current half year, as demand remains buoyant, its CEO David Clarke s...
AdBri shares are over Boral affair
Adelaide Brighton shareholders appear to have recovered from the abandonment of Boral’s $867 million takeover bid, notes the Sydney Morning Herald. Just three days after B...
CBC rejects TPIPL’s debt extention bid
The Central Bankruptcy Court yesterday rejected debt-ridden cement maker TPI Polene Plc’s request for an extension of its business rehabilitation timeframe by another year, requ...
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