Cement prices are on the rise
MANAMA: Prices of construction materials are rising sharply in Bahrein, Entrepreneurs Association member Abdulwahed Al Ferdan told local newspaper Akhbar Al Khaleej. The price...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Dangote cement claims forex savings
Nigeria: Dangote’s new cement manufacturing company currently under construction which is to commence production by next year, is billed to save the Federal Government ove...
Vietnamese prices
Domestic producers are expected to make 23.7Mt of cement in 2004. Cement prices at major retailers in Hanoi inreased by VND10,000-20,000 per ton to VND740,000 for Bim Son brand ...
UAE cement demand booming
The UAE industry is trying hard to fight the upsurge in demand with the production capacity working at the optimum level. Demand for the cement in next few years is expected to...
Hundreds expected at tyre burning protest
Hundreds of people are expected to join a protest march against the burning of tyres as an alternative to fossil fuels at Rugby’s new plant in the town of Rugby. Members o...
Cimpor sells debut Euro600m bonds
Portuguese cement company Cimpor - Cimentos de Portugal SGPS SA saw strong demand for a 600 million euro seven-year bond on Wednesday, its debut in the corporate bond market. I...
Cemex gets green light for US sand mine
The cement major Cemex has been granted by an US court the concession to develop a sand mine at Santa Clarita, California, from where it plans to product 56.1Mt. The permission ...
CRH makes ’positive’ start
Building materials group CRH told shareholders yesterday that it had enjoyed a positive start to the year, but made it clear that its European markets were still depressed. In ...
PPC says half-year profit jumps
Strong sales lifted half-year headline profit at South Africa’s Pretoria Portland Cement (PPC) by one third and full-year results were expected to be higher, the company s...
Angola to sell Encime stake
The Angolan Government decided on May 5, 2004 to sell to Portugal’s cement producer Secil 51 per cent of the Angolan cement plant Encime located in the port city of Lobito...
ACC bullish on India
Indian cement major ACC is bullish on the growth prospects of the industry. It expects the industry “ to see higher growth in the year (april 2004-March 2005) due to increased e...
Inspection goes smoothly for Dragon project
Engineers found just one minor concern last week while inspecting Dragon Products Co.’s $40 million expansion project at its cement-making plant on US Route 1. The projec...
Egyptian National Cement approves
The general shareholders’ meeting of Egypt’s National Cement Company (NCC) approved on May 3, 2004 the company’s draft budget for the fiscal 2004/05, ending Ju...
St. Lawrence Cement posts bigger 1st-quarter loss
St. Lawrence Cement Group Inc posted a bigger first-quarter loss on Tuesday, as lower cement prices and higher operating expenses offset an increase in sales. The Montreal-base...
Turkish Nuh Cimento sells power plant
Turkish cement and clinker producer Nuh Cimento sold its 36.5 MW power plant in Gebze, northwestern Turkey, for 35.5 trln Turkish lira ($24.5m) to energy company Nuh Enerji, bot...
Lafarge North America Inc
Lafarge North America has recorded a first quarter 2004 net loss of $70.8m, or 96 cents per share diluted. The results compare to a net loss of $87m, or $1.19 per share diluted,...
Sharing the burden - Chinese style
Chinese cement maker Anhui Conch said it will pay up to 1.875bn yuan (HK$1.766bn) in freight charges from 2004 to 2006 to Shanghai Conch Logistics, a subsidiary of Anhui Conch&r...
Cement group to pioneer new fuel
Lafarge, the UK’s largest cement manufacturer is set to pioneer the use of sewage treatment sludge as a fuel, in an effort to reduce its greenhouse gas emissions. Lafarge ...
Chin Fon to expand cement production in Vietnam
Chin Fon Group will invest US$240 million to set up a second kiln at its Haiphong cement plant this year, according to Taiwanese news reports. The group is also considering laun...
IMF wants cement levy
ISLAMABAD: International Monetary Fund (IMF) has proposed the levy of 15 percent sales tax on cement blocks and bricks, the primary raw materials for construction industry in Pa...
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