Cement firms prepare to replace coal
The South African cement industry is set to embark on a multi-million rand project to systematically replace some of the coal used in its kilns with alternative, waste-derived f...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Quinn poised to takeover Barlo
The Quinn Group is on the verge of taking over Barlo plc after offering €84 million for the company, €14 million more than a controversial management buyout (MBO) bid. Sarcon, ...
Chilean Cement industry improves
Empresas Melon, a subsidiary of Lafarge, forecasts a 1.8 per cent to 2.0 per cent growth for Chile’s cement industry in 2004. Melon’s forecast is however less optimi...
US housing statistics
US housing starts in February were at a seasonally adjusted rate of 1,855,000 4.0 per cent below the revised estimate for January 2004 of 1,932,000, but 13.1 per cent above the ...
Garadag cement pays fine
BAKU: Garadagh Cement has paid the State Environmental Fund of Azerbaijan AzM350m, Minister for Environment and Natural Resources Hussein Baghirov informed reporters. ’Th...
Monarch Cement’s earnings hit two year low
EBITDA for The Monarch Cement Company for its quarter ended December 31, 2003 was $3,826,187, a 21 per cent decrease over the year earlier same quarter when Monarch Cement gene...
Egyptian Cement Co output stats
The Egyptian Cement Company (ECC), a subsidiary of construction group Orascom Construction Industries (OCI), produced a total 6.4Mt of clinker in 2003, the company’s board...
FIIs silent on L&T cement demerger
Foreign institutional investors can sometimes think and operate quite differently from their Indian counterparts. The shareholder poll on the amendments moved by minority shareh...
Cement Hranice sees profit growth
Czech building materials maker Cement Hranice, a unit of Germany’s Dyckerhoff Zement International, made an audited net profit of Kc408.3m for last year, a yr/yr rise of 1...
Semapa To Receive sizeable capital gain
Portuguese cement group Semapa is expected to pocket a capital gain of some Euro 50m from the sale of its 45.126 per cent stake in Portugal’s cement producer Secil, it was...
China output rises - again
China produced 57Mt of cement in January 2004 and claims that total output was at a record level of 813Mt for the whole of 2003, according to state-produced statistics.
Soboce issues US$35m bonds
Bolivia’s leading cement producer, Soboce, issued US$35m in bonds Monday (Mar. 22) to help restructure its debts. Issued as "Soboce bonds IV", interest will be payable ev...
Chilanga swells profits
Chilanga Cement Plc made an after tax profit of K47.2 billion in 2003 compared to K31 billion in the preceding period to register a profit margin increase of K16.2 billion. Acc...
Cementos Bio-Bio wants to lead
Cementos Bio-Bio, the Chilean cement producer, is planning to reorganize its three business units under a holding company structure in an attempt to lead the domestic constructi...
Tsesla Cement factory investments
HeidelbergCement is planning to invest US$100m into further construction of the open joint-stock company "Slavjansii Cement Factory Tsesla" located close to St Petersburg. The T...
TPIPL - Strong earnings growth
After meeting with TPI Polene (TPIPL) recently at an analyst’s meeting, The core business of TPIPL is viewed to continue to strengthen this year. TPIPL is expected to bene...
Spasskcement moving ahead
Russian Far East’s largest cement producer SpasskCement plans to build up production to 1.2Mt by 2007. "According to forecasts for the national construction sector, annual...
Taiwan cement company dividend boost
Thanks to the surge of cement prices and the contribution of invested subsidiaries in mainland China, Taiwan’s listed cement firms posted substantial profit growth last ye...
Cements firm on solid Egypt stock market
Cement shares rose on the Egyptian stock market on Thursday with investors speculating the sector would benefit from a rise in local cement prices and the weakness of Egypt&rsqu...
Merrill on the CRH-Secil deal
In scale terms, Merrill estimates proportionate consolidation of Secil for a full year in 2005 would add 3.5 per cent to group sales, seven per cent to EBITDA 05E. The additiona...
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