The Tadawul All-Share Index advanced 0.10% to reach 7,062.98 Wednesday, the last trading day in the Saudi week. The gauge regained its momentum after a brief phase of sideways trading but the index faces a fierce resistance level at 7,150, ...
Tags: Saudi, cement, cement market
Nigeria s Dangote Cement re-opened its Gboko cement plant on Thursday, after it was shut last month because of over supply, bringing back a fifth of the firm s overall production. The country s biggest cement maker shut the plant, which ...
Tags: Gboko cement plant, cement, cement market
Ras Al Khaimah Cement has announced that net losses for 2012 fell by 64% to $2m (AED: 7.3m) as revenues increased by 14.3% to $59.8m (AED: 219.5m). Newly-filed financial statements reveal that the company almost trebled sales to ...
Tags: Ras Al Khaimah Cement, Cement, cement market
Najran Cement Co has announced that it is shutting down its No.1 production line for 23 days from 9 Febroary in order to carry out maintenance work. The company said it was "premature to determine the financial impact" of the shutdown, ...
Tags: Najran Cement Co, cement, cement market
(Muscat, Oman) -- On the back of increased government spending on infrastructure and mega projects, demand for cement is expected to grow at higher pace this year. In the Oman budget for 2013, RO 600 million has been earmarked for roads ...
Tags: Cement, Cement Demand, Further Rise
Business Line reported that Ambuja Cements Ltd plans to invest INR 2,000 crore for capacity expansion in Rajasthan and northern regions. The proposed project at Rajasthan would add 5 million tonne capacity to the company’s total ...
Tags: Ambuja Cements Ltd, capacity expansion, Cements, company news
Taipei, Dec.28, 2012 (CENS)--Taiwan Cement Co. (TCC) and Asia Cement, two leading cement makers in Taiwan, will likely profit from urbanization policies in China, said institutional investors. A representative of TCC indicated that the ...
Tags: urbanization policies, China, cement, Taiwan
Many citizens attribute the recent shortage of cement and 20 percent hike in its price to a new expatriate fees ordered by the Ministry of Labor. There has been no arrival of cement to the Jeddah market for the last three days ...
Tags: cement shortage, shortage, cement price, cement market
French cement maker Lafarge is looking to sell its controlling stake in its South Korean subsidiary Lafarge Halla Cement Co, according to South Korean online media Edaily. The French company, which controls about 90% of its Seoul-based ...
Tags: Lafarge, controlling stake, cement market, company news
Local press reports have reported that Pakistan s Lucky Cement has plans in the pipeline to build a cement grinding plant with a capacity of 500 000 tpa in Sri Lanka. It is estimated that the project will run to a total of US$20 million, ...
Tags: Cement, pipeline, cement grinding
Management of Dangote Cement has finalised arrangements to temporarily close down the company s four million metric tonnes-per-annum Gboko Plant, as a result of glut in the cement market. Group Head, Corporate Communication, Dangote ...
The News reported that under a strategy to make its presence possible in the lucrative developing markets of Africa and Asia, Lucky Cement has now approached the Indian government to acquire details about setting up a cement production ...
Tags: lucky cement, plant, Indian market
Egypt s cement market has witnessed an increase that has caused resentment among wholesalers. "Since before the Eid holiday, cement producers have been pressing to increase price per tonne, " cement wholesaler, Khairy El-Batrawy said. ...
Tags: market view, cement
Sephaku Cement, the first indigenous player in South Africa’s cement industry of over 70 years, has signed up 1.95 billion rand ($222 million) of domestic debt funding for its 3.4 billion rand ($390 million) cement plant and clinker ...
Tags: market view, cement
The Algerian government is negotiating with Egypt s ASEC Cement to acquire a minority stake in its Algeria-based operations, the firm s main stakeholder told the stock exchange on Wednesday. Algeria aims to acquire 49 per cent of ASEC ...
Tags: market view, cement