Cement News tagged: International
Cement safeguards slashed by P5
The Department of Trade and Industry (DTI) has decided to slash only P5 from the definitive safeguard duties imposed on all cement imports to P15.60 but has agreed to shorten the inspection period to
Chilanga Cement Records K72,402m pre-tax profit
Zambia’s Chilanga Cement Plc has announced a net pre-tax profit of K72,402m for 2003. According to interim results released by company secretary George Varghese last week, the company has recorded an
Indian Cement firms see reduced growth
Domestic cement makers have scaled down growth expectations for the industry in the current fiscal to around five per cent from 8.5 per cent registered last year. Last year, the total volume of busin
Turkish Konya Cimento
Turkish building materials producer Konya Cimento plans investments of 5.335 trln Turkish lira (US$4.05m) for 2004, it was reported on March 5, 2004. According to the business plan, Konya Cimento is
Grupo Caribe to spend US$17m on upgrades
Colombian cement producer Grupo Caribe is to spend 46bn pesos (US$17m) on plant upgrades to modernize and improve operations, executive president Eric Flesch Santoro announced during a 2003 results pr
Garadagh cement investments
Holcim is going to invest $3m of in-house funds in Garadagh Cement joint-stock company by September 2004, Azer-press read in the press release of Garadagh Cement bringing total investments up to US$20
Katavsky Cement’s February Output
Katavsky Cement has produced 47,000t of cement since it was put back into operation at the end of January. This represents a third of the plant’s full-year output in 2003. The plant also began
Big rise in Lucky Cement Jul-Dec profits
Pakistan: Lucky Cement’s profits in the six months ended on December 31, 2003, registered an increase of 89 percent because of higher sales and cut in borrowing costs. The operating profits befo
Former Taiheiyo director appointed to Ssangyong
Tadashi Suzuki, formerly of Taiheiyo Cement Corp, will become president of South Korea’s largest cement manufacturer, Ssangyong Cement Industrial Co., in which the Japanese cement company owns a
Cement plant for Rafsanjan
Iran has started the construction of a cement plant with a daily capacity of 3500t in Rafsanjan, in the eastern province of Kerman. The construction is financed by the private sector with 80bn Irania
Combined Net Profit of Saudi Cement Companies
Combined net profit of the eight cement companies operating in Saudi Arabia stood at 2.5bn Saudi riyals (US$667m) for 2003, up from 2.2bn riyals in 2002. The largest net profit of 500.8m riyals ($133.
Pakistan to help Yemen cement industry
Commerce Minister, Humayun Akhtar Khan said that Pakistan will extend technical support to Yemen for establishing cement industries in Yemen. He said that Pakistan and Yemen will soon start negotiatio
Cement projects planned
India: possible number of small cement projects mooted for Idia’s north east region, particularly in Manipur as the seventy per cent of the cement used in the region has been procured from other
Malaysian cement supply remains strong
There is an ample supply of cement in Malaysia, and the present production capacity will be able to meet the rise in demand expected for this year, according to a statement by the Cement and Concrete
German losses depresses RMC results
Turnover at RMC Group declined by 2.0 per cent in 2003 to £4873m (€7056.2m), while the operating profit at the EBITDA level remained unchanged at £456.7m (€661.3m). The trading profit declined by 4.3
East African Portland battle
Nairobi: a local cement distribution battle is beginning to have more far-reaching consequences for both government and the plant’s owners according to local news reports. The matter came to a