UK – Fear of carbon fallout on portfolios
The EU’s legislation on carbon emissions will affect company balance sheets throughout the UK, according to the research group The Carbon Trust (TCT). The UK’s stance to cut emi...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Memorandum of understanding for cement workers
The management and staff of the Caribbean Cement Company will this week meet with trade unions to begin working out details for a Memorandum of Understanding.
Ramco new plant
Ramco Industries is adding a sixth cement plant at Kharagpur in West Bengal to its five-strong cement plant network, three in Tamil
Regulators approve Holcim offer for Apasco
Mexican regulatory authorities have authorised the US$750m buyout offer from Holcim Ltd, for the rest of its Mexican unit Holcim Apasco that it does not already own.
Indian cement demand to grow 7-8 per cent in medium-term
The Indian cement industry, which has been witnessing a surplus position for a long time, is likely to see a decline in the extent of the surplus in the immediate to medium-term
Philippine Cement companies told to reduce prices
The Department of Trade and Industry (DTI) has given cement firms until end of the month to toe the line by reducing their prices to reasonable level otherwise a decision would ...
Conch largest shareholder completes restructuring
Anhui Conch Cement Co Ltd has said its largest shareholder, Anhui Conch Group Co Ltd, has been restructured into a joint-stock company with approval of the Anhui provincial gove...
China’s Dongguan to close most cement plants
Dongguan city in the prosperous southern Chinese province of Guangdong has decided to close down 47 of its 48 cement plants to improve environmental conditions, Beijing Wen Wei ...
China – Closing down polluters
As part of an environmental protection and industry restructuring plan, Guangdong Dongguan Municipal Government announced the government will shut down 47 of the 48 cement facto...
HeidelbergCement boosts 2003 cement volumes by 11.3%
Turnover at HeidelbergCement fell by 3.0% last year to €6,372m, but after adjusting for the lower dollar and changes to the sphere of consolidation there was a marginal increase...
High coal prices hurting
The high landed cost of coal into India is hurting the cement companies dearly. From US$35 per tonne early last year, the cost of imported coal has jumped to US$55 per tonne on ...
April-Jan Cement Demand In South India
Large-scale spending by the Karnataka government on various projects has ensured that cement consumption in south India did not decline but grew at a reasonable rate during the ...
Leyte cement haulers get 10-centavo raise
Local cement dealers have agreed to increase loading and unloading rates by 10 centavos to 80 centavos per bag, ending a dispute over rates paid to haulers. Still unresolved ho...
Ministry of Industry looks into allegation
The Basic Industries and Mineral Resources Department under the Thai Ministry of Industry is looking into an allegation that a major cement producer’s limestone and shale ...
Holcim and HeidelbergCement to split Belgian concrete business
As first highlighted by ICR in October last year, HeidelbergCement and Holcim have now decided to split up the jointly owned ready-mixed concrete producer Inter-Beton and are cu...
Bamburi’s Pre-Tax Profit Falls
Kenya’s largest cement-maker has reported a 16 per cent decline in pre-tax profit for the year ending December 2003. Bamburi Cement Company, which is partly owned by Lafa...
Hanson’s profits hit by California and the dollar
Hanson PLC, the global leader in aggregates, generated a turnover of €5,723.5m, a decline of 1.1 per cent entirely because of the weakness in the US dollar. The operating profi...
Circem sees cement decline
Zimbabwe: Circle Cement Limited (Circem) has experienced a decline in demand for cement in the local market due to harsh economic conditions prevailing in the country, The Finan...
China cement clampdown looms
While the Chinese construction sector booms and cement companies are seeing profitability levels soar, alarm bells are ringing in official circles as top officials, including Pr...
Switzerland – EU trade in CO2 emissions
While the EU is putting in place its carbon dioxide emissions trading scheme – worth a potential €7bn by 2007 – a similar trading scheme is not expected for Switzerland before 2...
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