DTI may review cement tariffs
The Philippine Trade department is continuously monitoring cement prices and could still revise an earlier decision slashing cement duties to P15.60 from P20.60 per 40-kilogram ...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Thai TPI Polene new share offering positive
Thai cement maker TPI Polene is likely to succeed in its twice-aborted sale of a US$284.8m stake to the public this week, a deal that will accelerate its debt restructuring, ana...
Good start to the year
We had to wait the turn of the year, to see the BCI breaking the 5,000 point mark, but it finally did. After a break of almost two weeks, the current one started with some hesit...
Rail shortage halts cement
Cement production in Eastern India has been severely hit due to an acute shortages of railway trucks required to transport clinker. Production was hit the hardest in the past tw...
Nuh Cimento seals export deal with Holcim
According to Nuh Cimento, Nuh Cimento will export US$100-130m cement and clicker annually for five years to Holcim. To this end, Nuh Cimento has started US$135m
Votorantim Canadian loan
St. Marys Cement Inc, a Toronto, Canada-based cement production unit of Brazil`s industrial conglomerate Votorantim, has received a US$325m loan from a bank syndicate led by US ...
Swiss cement sales
Swiss cement sales stood at 3.699Mt in 2003, down by 1.9 per cent year-on-year, the Swiss cement industry association Cemsuisse said on January 12, 2004. Cemsuisse expected an ...
Lafarge Korean acquisition
Lafarge, which has held a 39.9 per cent interest in Lafarge Halla Cement in South Korea since 2000, now owns a 50.1 per cent stake following the acquisition of 10.2 per cent of ...
Nghi Son Cement invests U$100m for new line
General Director Nghi Son Cement Company in Thanh Hoa province, Vietnam, Ryuichi Hirai has announced an agreed investment plan of U$100m to build second production line with ann...
Chilanga to consult on imports
The Zambian Ministry of Commerce, Trade and Industry has advised Chilanga Cement to consult the ministry before importing cement to offset their production deficit. Commenting o...
Corporacion Noroeste
Spanish cement manufacturer Corporacion Noroeste will invest Euro 9.4m in a new mortar plant in Boqueixon, Galicia region, northwestern Spain. The construction works will begin...
Indian coal duty cut
The Indian cement industry has termed the Government`s move to slash basic customs duty on non-coking coal from 25 per cent to 15 per cent as a `step in the right direction` eve...
Turkish Mardin Cimento
Turkish cement, clinker and ready mixed concrete producer Mardin Cimento plans investments of 3.0 trln Turkish lira US$2.2m) for 2004, it was reported on January 9, 2004. The c...
TPI plans loss wipe-out
TPI Polene plans to wipe out its accumulated losses of 19 billion baht this year, according to Prachai Leophairatana, the cement company`s rehabilitation plan administrator. He...
Uzbekistan privatisation
Uzbekistan`s state property committee is offering foreign investors state stock holdings in one cement plant. A committee administration source told Interfax that 25 per cent o...
Austria`s Porr buys concrete plant
Austrian construction company Porr AG bought a Euro3.0m concrete production plant in Croatia from Austrian concrete producer Lafarge Perlmooser AG, it was reported on January 10...
Spanish Catalonia cement
Cement consumption in Catalonia region, northeastern Spain, reached 6Mt in the 12 months to October 2003, a 6.3 per cent year-on-year increase, the Association of Cement Produce...
Berger Slovakia acquires PCLA stake
Slovak producer of construction materials Berger Slovakia, a subsidiary of German construction holding company Berger Holding, acquired a sizeable stake in Slovak cement produce...
Cemex In Acquisition Talks With Mangalam
Cemex has started talks to buy India`s Mangalam Cement Ltd, reports the Economic Times. The deal may cost the Mexican company around 2 billion rupees ($1=INR45.45) to INR3 bill...
Semen Gresik sales fall
Indonesian cement maker PT Semen Gresik said cement sales for the first 11 months of 2003 fell 5.4 per cent to 12.83Mt due to a drop in domestic sales and exports. Semen Gresik...
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