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Russia to lift building materials threefold over 10 years

Russia's Ministry of Regional Development has announced plans to increase its support of the construction materials industry threefold over current levels with EUR42billion promised over the next 10 years. Under the plan, 60% of the money would be made up of grants and the ...

GCC states to consider abolishing steel and cement tariffs

Recovering construction industry prompts proposed elimination of the 5 percent customs duty on cement and steel from October onwards. Six GCC member nations are considering elimination of the five percent customs tariff on imports of cement and steel, Emirates Business 24-7 ...

Egypt's Sinai Cement posts Q1 net profit of $27.7 mln

Egypt's Sinai Cement posted consolidated net profit of 156 million Egyptian pounds ($27.7 million) in the first quarter of 2010, the stock exchange said on Tuesday. The statement did not provide a comparative consolidated profit figure for last year but said non-consolidated net ...

More public construction means more cement sales in US

Expected increases in public construction activities will mean greater demand for cement in the back half of 2010, the latest Portland Cement Association forecast says. The association said it anticipates a 5 percent increase in sales over 2009 levels, but the gain will ...

East Africa: Indian Firm to Establish Cement Plant in Region

Cemtech Sanghi Group, a subsidiary of the India-based cement giant, Sanghi Group, will this month begin construction of a Ksh.14 billion (US$180 million) cement project in the West Pokot district in the Rift Valley Province of Kenya. A statement from the firm said it will also ...

ADAG raises Rs 1800 crore for Satna cement plant

As Anil Ambani's dreams of getting cheap gas from Reliance Industries hit a wall,the younger Ambani brother is pushing his cement business forward. ET NOW has learnt from banking sources that the company has raised Rs 1800 crore for its cement plant at Satna, Madhya Pradesh. The ...

Heidelberg India gets shareholders

Heidelberg Cement India announced that its shareholders have approved its plans to raise up to Rs 12 billion. This will be via debt and will be secured against the assets of the company. Heidelberg had sought approval of shareholders for both fund-raising and securing of its ...

Portugal's Cimpor 1Q net falls to EUR45.6M

Portuguese cement producer Cimentos de Portugal SA (CPR.LB) said early Tuesday its first-quarter net profit dropped 11% on the year, as construction markets in Portugal and particularly in Spain continued to lag. Cimpor, as the company is also known, said its net profit was EUR45...

Tough months ahead for Italcementi as Q1 loss widens

Italcementi, the world's No. 5 cement maker, on Friday reported a first-quarter net loss three times wider than a year earlier, missing expectations, and said coming months will continue to be difficult. The net loss was 37.5 million euros ($50.31 million) while recurring EBITDA ...

Indonesia Holcim to build new $500 mln cement plant

Indonesia's third largest cement maker, PT Holcim Indonesia, plans to invest $400 million to $500 million in a new factory in Tuban, East Java, a company director said on Tuesday. The expansion, which will add 1.6 million tonnes of capacity, is subject to controlling shareholder ...

Holcim to seek tenders for New Zealand Cement Plant this year

Holcim Ltd., the world's second- biggest cement maker, will seek tenders for construction of a new plant on New Zealand s South Island before making a final investment proposal for the project. Tenders will be sought later this year, though the exact timing is yet to be settled, ...

Singha Cement helps rebuild homes

Singha Cement, the Sri Lankan subsidiary of the Italcementi Group, has donated cement to rebuild 150 houses in Vavunia. "This year too, Singha Cement came forward to donate a significant quantity of cement, which will be used to commence the construction of the homes of 150 ...

Mexico Cemex extends tender period for offers

Mexico's Cemex, the world's No. 3 cement maker, has extended to May 7 the expiration date for four offers to exchange outstanding perpetual debentures, the company said in a statement on Monday. The previous tender date to exchange outstanding perpetual debentures for new U.S. ...

Bulgarian Cement Plant Devnya Gets Quartz Sand Concession

One of the major Bulgarian cement producers Devnya Cement has been granted a 35-year concession for extracting quartz sand from the Cheirite deposit near Varna. The Bulgarian Cabinet granted Wednesday the concession to Devnya Cement after the company conducted the search and ...

Steppe Cement Q1 sales rise

Steppe Cement sold 177,391 tonnes of cement for Tenge1,390m in the first quarter - up from 147,701 tonnes for Tenge1,232m a year ago. The volume of cement sales in Kazakhstan increased by 20% quarter on quarter and the market share of Steppe Cement increased from 18% in the whole ...

Carthage Cement shares on alternative investment market

During a meeting held on April 22, 2010, the Board of Directors of the Tunis Stock Exchange approved the listing of shares of the "Carthage Cement" company on the alternative investment market. According to the Tunis Stock Exchange Website "Tustex", "Carthage Cement" will ...

Lafarge expects robust demand in India

French cement company Lafarge, the world's largest maker of the product, is betting big on its Indian operations in 2010, with volume growth aimed at a high 11 per cent. By contrast, its average growth expectation for the world is only 5 per cent. In Asia, the French giant is ...

Infrastructure Materials Corp. acquires Canadian cement grade limestone assets

Infrastructure Materials Corp. has announced the acquisition of Canadian Infrastructure Corp. (CIC), a privately-held company holding three cement grade limestone properties known as the Dauphin, the Winnipegosis and the SpenceLake properties located in southern Manitoba. The ...

Lafarge swings to quarterly net loss

French building materials firm Lafarge said that it swung to a fourth-quarter net loss of 38 million euros. Last year, the firm posted a profit of 40 million euros. Sales declined 22% to 3.6 billion euros in the quarter. Lafarge said that emerging markets continue to show ...

TCDRI signed a contract of nearly 100 million USD in Iran

Recently Tianjin Cement Design & Research Institute signed an EPC contract of a 3300 t/d cement production line with Tooyeh Darvar Cement Company in Iran. The total contract value is 92424706 USD. This is TCDRI s first EPC contract in Iran. Located in Damghan North Iran the ...
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