Lafarge Titan Egyptian investments buys out Beni Suef Cement
Lafarge and Greek cement producer Titan have bought 100 per cent in Egyptian cement producer Beni Suef Cement through their 50/50 joint venture Lafarge Titan Egyptian Investment...
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Competitive Egyptian cement eyes exports boom
Egypt’s cement sector is set to boom this year with many companies taking advantage of cheap production costs and increased demand to boost exports. Analysts said cheap l...
Cemex income skyrockets 1Q to US$311m
Cemex has reported a US$311m in net income for the first quarter this year, a 282 per cent increase YoY thanks to stronger operating performance and improved foreign exchange re...
Markets are looking up
After several weeks of a steady fall, rates seem to be on their way up again for all sizes. Capes were prompt to react especially in the Pacific and the number of ships open rem...
Thai Siam City Cement shuts unit after fire
Thailand’s second-biggest cement firm, Siam City Cement PCL said on it had shut one of its three plants after an explosion earlier this week that killed three workers.
Spanish cement demand rises 4.7 per cent in1Q
Demand for cement in Spain rose 4.7 per cent YoY in the first quarter to 11.4Mt as the construction industry continued to expand, sector association Oficemen said.
Ssangyong reports 52 per cent surge in 1Q profit
Ssangyong Corp. said that its operating profit for the first quarter rose 52.36 per cent YoY to 8.6bn won (US$7.48m) on the back of self-rescue efforts and debt-for-equity swaps...
Indonesia March domestic cement sales up eight per cent
Cement sales in Indonesia grew eight percent to 2.27Mt in March from a year earlier, the country’s largest cement maker, PT Semen Gresik Tbk, said.
Jidong Cement 1Q net profit surges after new units begin operations
Tangshan Jidong Cement Co Ltd said its first-quarter net profit soared to 12.19m yuan against 0.57m a year earlier, on the back of contributions from two of its units, which wer...
Lafarge in Russia
Lafarge may be purchasing a number of plants that produce construction materials in Russia, company executive director Bruno Lafont told the press in Chelyabinsk. Lafarge alread...
Spain – Tyres for Buñol
Territory and Housing councillor Rafael Blasco has authorised cement maker Cemex to carry out trials using industrial residues, prepared by Recitermia, as an alternative fuel, g...
Cement shortage hits construction industry - Qatar
A continuing shortfall in cement supply seems to have put sudden brakes to Qatar’s booming construction industry and the crisis has apparently become more severe as exact ...
Lafarge takeover bid for Sicim company
Lafarge Romania, one of the three-largest domestic cement makers, launched on Monday a take-over bid for a 32 per cent stake in Sicim Constanta for 48.1bn lei (about EUR1.2m). L...
Cement deficit to threat Russia in several years
Due to lack of production capacities in cement industry, in 2006-2007 Russia may face cement deficit of 2Mt a year, and up to 5-10Mt by 2010.
Florida Rock Industries, Inc announces record second quarter results
Florida Rock Industries, Inc announced record net income of US$24,497,000 for the second quarter of fiscal year 2004 versus $16,300,000 for the same quarter of fiscal 2003.
Italy’s Buzzi aims to cut debt, raise dividend
Italian cement company Buzzi Unicem (BZU.MI) is aiming in the near future to cut debt, keep high levels of operating efficiency and if possible further its dividend, its deputy ...
Portugal Fundacao Berardo Acquires 8.77 per cent in Cimpor
Portuguese cement producer Cimpor informed the national securities regulator CMVM on 20 April, 2004 that a total of 8.77 per cent of its share capital was acquired by Fundacao B...
Indonesia Semen Gresik 1Q cement sales rise 15 per cent on year
PT Semen Gresik, an Indonesian cement maker, said its total cement sales in the first quarter of this year rose 15 per cent on year to 3.42Mt from 2.98Mt, mostly because of an i...
Four killed in Saraburi cement plant fire
At least four people were killed in a fire at a cement factory in Saraburi yesterday, police said. The blaze began at about 3pm at a Siam City Cement (SCCC) plant in Kaeng Khoi ...
Slovenian Salonit Anhovo doubles 2003 profit on heavy building
Slovenia’s largest cement maker Salonit Anhovo said that its net profit in 2003 surged by 98 per cent on the year to SIT1.19bn (US$6m) on the wave of growing building acti...
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