Cartel hit for cement price increases
Philippines: the Department of Trade and Industry has been asked to re-evaluate its policies on the cement industry especially now that cement has undergone a series of unreason...
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Ras Al Khaimah Cement improves
Ras Al Khaimah Cement Company, fuelled by the boom in the UAE’s construction sector, has posted a sharp increase profit in 2003 profits. The company earned a net profit of...
Cement sector sees infighting on capacity utilisation issue
Differences have cropped up in the Pakistan cement industry over capacity utilisation, since the southern region is demanding that capacity utilisation be increased and the nort...
Gujarat prices hit 4-year high
Buoyed by a strong revival in demand, especially from the infrastructure sector, Indian cement manufacturers have increased prices by Rs13-15 per bag in Gujarat. Retail cement p...
Amnesty asks CRH to explain
The human rights group, Amnesty International, has called on the Irish company, Cement Roadstone Holdings (CRH), to state its position on Israel’s construction of a giant ...
Cemex wins US$48m road contract in Panama
Mexican cement maker Cemex, won a US$48m contract to build a road in Panama. The information was provided by Panamanian builder Constructora Urbana (Cusa), which will carry out...
Dangote reassures Benue workers
The President of Dangote Industries, Alhaji Aliko Dangote, has said that no staff of the Benue Cement Company (BCC), Gboko, would lose his job, following the take over of BCC by...
Bolivian cement sales up 11.9 per cent
Cement sales in Bolivia increased 11.9 per cent to 1.11Mt in 2003, compared to the year before, the country’s cement and concrete institute (IBCH) reported. Company Fance...
SCC building profits to rise 20 per cent
Siam Cement, Thailand’s largest industrial conglomerate, said it expects its revenue from the building material business to rise 20 per cent to 44 billion baht this year o...
Indian cement growth
India’s cement output rose 6.69 per cent to 10.2Mt in the month of January this year, compared with an output of 9.56Mt in the corresponding period of the previous year, a...
Ireland – carbon tax could threaten existence cement production
Echoing other industry voices across Europe, the Irish cement industry has added its objections to the controversial issue of carbon taxes. Carbon taxes in Ireland could “threat...
Turkish authorities seize Rumeli assets
The Turkish Savings & Deposits Insurance Fund has seized 219 companies belonging to the Uzan family in order to try and recover debts of in excess of US$5,500m. The Turkish jud...
Ciments Français has a bad year in the United States
Ciments Français, the international arm of Italcementi, produced a turnover of €2898.9m last year, a drop of 1.1 per cent but representing an underlying increase of 3.4 per cent...
Japan’s Taiheyo cement to introduce cash management system
Taiheiyo Cement Corp is introducing a system to centralize cash management within its corporate group
Albanian Govt To Close Down Polluting Elbasan Plants
The Albanian Government will close down three industrial plants in Elbasan, central Albania, if equipment and filters for preventing environmental pollution is not installed at ...
Tail wags for Chihuahua in first 9 months
Mexican cement company Grupo Cementos Chihuahua (GCC) reported a 19.4 per cent increase in net profits for the first nine months of 2003 to 524mn pesos (US$48m) compared to the ...
Holcim Apasco accepts share offer El Economista
The board of Holcim Apasco has approved the public share offer made by Holcim Investments, after considering that it safeguards the interests of minority shareholders and is wit...
Cementos Lima profits dip despite strong sales
Peruvian cement producer Cementos Lima has reported net profit of 91.3m soles in 2003 down 4.8 per cent from the 95.9m soles in 2002.
Italcementi’s Ciments Francais says ’moment to invest’ in China is approaching.
Italcementi SpA unit Ciments Francais said it is stilltargeting emerging markets, with particular attention being paid to China where the company may soon start investing.
Handy markets slowing down but gearing up for rebound
The Capesize voyage market suffered a drop in both basins, and even if the fall was more obvious in the Pacific than in the Atlantic, now all industry players are awaiting the e...
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