Cemex seeks US$800m syndicated loan-LPC
Cemex is negotiating a US$800m three-year syndicated loan to refinance other debt, Loan Pricing Corp. said, citing unnamed market sources. According to LPC, a unit of global n...
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Gresik shares suspended, Indonesia
Shares in Indonesia’s largest cement company, Semen Gresik, were suspended yesterday after its auditors attached a disclaimer to its 2003 results, citing incomplete data f...
Rough road ahead for UK arm, RMC warns
RMC has warned that reduced spending on roads in Britain coupled with problems at one of its cement plants would slash first-half profits in its UK business by almost half. Howe...
TPCC Plans DSE listing in 2005
The Tanzania Portland Cement Co Ltd (TPCC), manufacturer of Twiga Cement, has said it will be ready for listing at the Dar es Salaam Stock Exchange (DSE) in early 2005.
Southern Cement safeguard woes
Japanese cement importer Southern Cross Cement Corp. yesterday denied allegations it owes the Bureau of Customs PHP37.8m in safeguard duties, saying recent newspaper reports "ar...
Adelaide Brighton in alternative fuels joint venture, Australia
Adelaide Brighton Ltd has entered a joint venture agreement with South Australian waste recycler Resourceco to produce and market alternative fuels as a replacement for traditio...
Chile deliveries down
Cement deliveries in Chile fell 2.8 per cent in the first five months of 2004 compared to the same period last year due to the conclusion of large infrastructure projects, accor...
Vietnam to face cement shortage
Vietnam is likely to face cement shortage from now to 2010, as local cement producers cannot meet the country’s soaring demand for the product.
Indonesia May local cement sales up 6.3 per cent YoY.
Indonesia’s domestic cement sales grew 6.3 per cent to 2.4Mt in May from a year earlier, the country’s largest cement maker PT Semen Gresik announced.
Lafarge invests US$58m to double capacity, China
Lafarge SA said it will invest US$58m to double the capacity of its Dujiangyan cement plant in southwestern China by 2006, to cope with increasing demand.
L&T re-listed, closes day one at Rs 635: The stocks markets have valued the engineering and construction business
The stocks markets have valued the engineering and construction business of Larsen & Toubro (L&T) at Rs 635 a share
Turkish Baticim Builds US$57,000 computer lab for Aegean University
Turkish cement, clinker and ready mix concrete producer Bati Cimento (Baticim) has built a 85bn Turkish lira (US$57,000/47,000 euro) computer laboratory for the Aegean Universit...
Lafarge eyes buyouts to increase capacity
Lafarge India will consider acquisitions to enhance its manufacturing capacity following an increase in demand for cement.
Boral extends bid for Adelaide Brighton to 8 October
Boral Ltd has extended its takeover offer for Adelaide Brighton Ltd by about three months.
Bolivian cement production up 12 per cent
Bolivia’s four cement producers have increased cement production to 472,819t during the first five months of 2004, a 12 per cent increase compared to the same period in 20...
Labroy to build cement carrier
Singapore owner and shipbuilder Labroy Marine is to build a 20,200dwt cement carrier worth SGD40m (US$23.6m).
Greek Halyps Cement eyes Euro 50m investments
Greek cement company Halyps Cement, a subsidiary of Italy’s cement producer and distributor Italcementi Group, plans to invest euro 50m (US$60.3m) in new production techno...
Indonesia Semen Gresik 5Mt cement sales Up 15 per cent on year
Indonesia’s largest cement maker PT Semen Gresik said its total cement sales in the first five months of this year rose 15% on year to 5.91Mt from 5.15Mt, due to an increa...
Cemex to utilise used tyres in concrete production
Cemex will utilise used tyres in concrete production, Cemex head of engineering, Luis Mejia, said. Apart from utilising used tyres as an energy source in some of its plants, Ce
FLS to build cement production line for Pakistani D G Khan Cement
Danish cement and minerals processing equipment maker FLSmidth A/S (FLS) will build a cement production line for Pakistani D G Khan Cement for 60 mln euro (US$72.3m), it was rep...
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