Cement News tagged: International
Argos to pull out of coal mining
Colombia’s leading cement producer, Grupo Argos, is to withdraw from coal mining as part of a strategic realignment of its core business, La República reported.
Lasselberger concerns
Austrian cement maker Lasselsberger said today it might scrap a plan to build a Kc2.5bn Czech plant unless all Czech cement works enjoy equal conditions.
Lafarge invests further in West China
Lafarge, plans to invest US$40m in southwestern China’s Chongqing Municipality, as part of its efforts to increase investment in the country’s underdeveloped west, which is rich in natural
CRH not to raise Mashav stake
Israeli holding company Clal Industries and Investments Ltd said on Sunday Ireland’s CRH would not buy an additional 25 per cent stake in its subsidiary Mashav after talks ended.
Eurocement produces1.3Mta of cement
JSC Eurocement produced around 1.3Mt of cement in Jan-Mar 2004. The output of packed cement exceeded the 2003 figure by 14 per cent and reached 89,000t . JSC Maltsovsky Portlandcement produced
Cementos Lemona net attributable profit down 41 per cent
Spanish cement producer Cementos Lemona posted a net attributable profit of EUR2.2m in the first quarter of 2004, a 41 per cent YoY decrease, the company reported to Spain’s stock market regulat
Lafarge Titan Egyptian investments buys out Beni Suef Cement
Lafarge and Greek cement producer Titan have bought 100 per cent in Egyptian cement producer Beni Suef Cement through their 50/50 joint venture Lafarge Titan Egyptian Investments Limited (LTEIL).
Cementos de Chihuahua income down, sales up 1Q
Mexican cement company Grupo Cementos de Chihuahua (GCC) reported MXP144m (US$12.7mn) in net income first quarter 2004, a 5.5 per cent slip YoY, while net sales inched up 1.6 per cent to MXP835m, the
Siam Cement to post record 1Q profit
Sharp rises in petrochemical margins and continued growth in cement demand should boost the first quarter net profit of Thailand’s largest industrial conglomerate Siam Cement PCL (SCC.TH) to a r
GACL increasing capacity of captive power to save costs
Gujarat Ambuja Cements (GACL) has embarked on an expansion of captive power capacity at its various plants. In what would be a cost saving exercise, the company has earmarked Rs 225 crore to set up 75
Paraguayan INC needs $70m in investment
Paraguayan state-owned cement company INC needs a $70m (ERU59m) investment in modernisation and doubling its clinker capacity, according to INC president, Amilcar Troche, said. NC will allow private
Indonesia March domestic cement sales up eight per cent
Cement sales in Indonesia grew eight percent to 2.27Mt in March from a year earlier, the country’s largest cement maker, PT Semen Gresik Tbk, said.
Ssangyong reports 52 per cent surge in 1Q profit
Ssangyong Corp. said that its operating profit for the first quarter rose 52.36 per cent YoY to 8.6bn won (US$7.48m) on the back of self-rescue efforts and debt-for-equity swaps by its creditors.
Spanish cement demand rises 4.7 per cent in1Q
Demand for cement in Spain rose 4.7 per cent YoY in the first quarter to 11.4Mt as the construction industry continued to expand, sector association Oficemen said.
Thai Siam City Cement shuts unit after fire
Thailand’s second-biggest cement firm, Siam City Cement PCL said on it had shut one of its three plants after an explosion earlier this week that killed three workers.
Indonesia Semen Gresik 1Q cement sales rise 15 per cent on year
PT Semen Gresik, an Indonesian cement maker, said its total cement sales in the first quarter of this year rose 15 per cent on year to 3.42Mt from 2.98Mt, mostly because of an increase in domestic sal