Suez Cement set to relocate plants and increase total output
Suez Cement plans to relocate two cement plants and will take steps to boost its total capacity.
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Suez Cement plans to relocate two cement plants and will take steps to boost its total capacity.
Extracts from Holcim’s report on its 2009 annual results are presented here. Results show the success of the cost reduction programme and a strengthened balance sheet.
Cement demand to remain high, Taiwan Cement acquisition strengthens presence, BBMG purchases Beijing-based plants from Lafarge.
Saudi Arabia shows signs of promise as its cement output capacity looks set to increase by approximately 15.2% to 53 million t over 2010, as the nation plans massive investment in the construction industry.
Formento de Construcciones y Contratas SA (FCC) has issued its 2009 financial results. Net profit fell on lower sales, but the cost reduction programme is proceeding as planned.
The Portland Cement Association (PCA) has announced its support for a study conducted by Southern Methodist University’s (SMU) Maguire Energy Institute, which examines the contributions of the cement industry to US economic health.
In January, Indonesia saw a 13% increase in cement sales, signalling the country’s return to economic growth after a flat period throughout 2009. Analysts expect cement sales to continue to grow in line with the economy this year – at a rate of around 6%.
Diana Shipping Inc. has reported a massive drop in Q4 net income, which fell from US$ 54.2 million in Q4 2008 to US$ 27.6 million.
Ben Kien Shipbuilding Industry Co has reportedly signed a contract to build two 16 800 t cement carriers for Norwegian shipowning firm KGJ Cement.
Vietnam’s new status as an ‘economic cub’ is especially fascinating because the country has little experience with the ideas and institutions of market-oriented and pro-entrepreneurship reforms.
Less than 9% of shareholders have taken up CSN’s offer to purchase a 33% stake plus one share in Cimpor.
Lafarge has announced that it will receive Brazilian cement assets in exchange for the sale to Votorantim on 3 February 2010 of its 17.28% stake in the Portuguese Cimpor group.