Cement News tagged under: corporate
Indocement upgrading plant capacity22 May 2006, Published under Cement NewsPT Indocement Tunggal Prakarsa said it hopes to increase its annual production capacity to 16Mt after the completion of its revamping program. The company is upgrading one of its factories to increase its production capacity by 600,000tpa from 15.42Mt at present, company Finance Director Christian Kartawijaya said. Christian said the program will cost around US$15m, adding the company is set to continue the program to expand its annual capacity by 4Mt in the next several years. He als... |
UAE National Cement – profits down22 May 2006, Published under Cement NewsThe net profit of UAE Dubai-based National Cement Company PSC declined to 55.7 mln UAE dirhams (US$15.2m) in the first quarter of 2006 from 66.2 mln dirhams (US$18m) a year ago, the company said in a statement to Dubai Financial Market (DFM) on May 21, 2006. Revenue grew to 115.8 mln dirhams (US$31.5m) compared to 102.1 mln dirhams (US$27.8m). |
VP backs state firms to take Cemex22 May 2006, Published under Cement NewsVice President Jusuf Kalla has expressed confidence that the country’s state-owned enterprises are financially capable of purchasing Mexican cement giant Cemex SA’s stake in state-owned cement company PT Semen Gresik. While refusing to confirm whether the government would exercise its preferential option to buy the stake using state firms as vehicles, the Vice President said Friday that the public should support the purchase of the stake by state enterprises. "Our state companies are rich e... |
Holcim increases profit and sales, Czech Republic19 May 2006, Published under Cement NewsCzech cement maker Holcim raised sales by four per cent year-on-year to Kc2.2 billion in 2005, chairman Roland van Wijnen told CTK today. Gross profit rose slightly to almost Kc370 million. The company raised sales of all products, including cement, concrete and gravel, on a growth in Czech building output. Holcim, which exported a smaller part of its products to Slovakia and Austria, expects another growth in sales this year. The company with more than 370 staff is fully owned by Germany’s ... |
Lafarge faces charges over plant fatalities19 May 2006, Published under Cement NewsThree days after a worker died at the Lafarge Canada asphalt production plant on Moodie Drive, the company will be in court today on safety and health charges related to a fatality last year at another Ottawa site. The company was charged last month by the provincial Ministry of Labour with two infractions under the Occupational Health and Safety Act in connection with the May 3, 2005, death of Andre Potvin of Gatineau. The 60-year-old man died after falling into a cement-making mixture in... |
Gansu Qilianshan Cement acquires Shoulushan, China19 May 2006, Published under Cement NewsGansu Qilianshan Cement Co, Ltd has bought Shoulushan Cement Co, Ltd, the biggest cement producer in Baiyin City of the northwestern Chinese province of Gansu. The two parties entered into an agreement on April 9, and they have come into the substantial phase of integration. Shanghai-listed Qilianshan Cement has 13 controlling subsidiaries and 396 million capital stock. Its total assets and annual sales shot to CNY 2.1 billion and CNY 900 million respectively. In the wake of mass expans... |
Lafarge buys Brasov quarries19 May 2006, Published under Cement NewsLafarge Aggregate Betoane (Aggregate Concrete) bought several stone quarries in Brasov for some Euro 550,000 from Romaco. Lafarge has already used the quarries on lease contracts, Business Review reports in its latest issue. Lafarge representatives announced the move last week. The plots cover some 146,000 square meters each, and are located in Hoghiz, Cuciulata, Racosul de Sus and Malnas in Brasov County. "We have decided to buy these plots to develop quarrying activity", said Bruno Daniel ... |
FLSmidth Q1 earnings beat expectations, Denmark19 May 2006, Published under Cement NewsFLSmidth & Co AS raised its sales and earnings guidance for the full-year 2006 after posting a first quarter pretax profit of DKr115m up from DKr50m the year before and above the consensus of DKr93m. Operating earnings rose to DKr106m from DKr25m and was also above the consensus of DKr85m as compiled by RB-Boersen. Sales were DKr2.356bn against DKr2.209bn and in-line with the market forecast of DKr2.354bn. In the cement business segment, sales fell to DKr1.508bn from DKr1.601bn, which was p... |
FCCL considering expansion plan18 May 2006, Published under Cement NewsFauji Cement Company Limited (FCCL) is considering an expansion plan to increase its production capacity from 1.165Mta, to 3.15Mta. The FCCL is planning to add a new production line of 6000tpd parallel to the existing line thus enhancing its capacity to around 10000tpd says a press release. This significant expansion in operational capacity of the plant would reduce the higher demand pressure in the northern part of the country and help stabilisation of cement prices, it said. |
Lafarge Romcim sees higher 2006 turnover18 May 2006, Published under Cement NewsRomanian cement producer Lafarge Romcim, a unit of French building materials group Lafarge, expects its turnover to reach Euro 190m in 2006, the company said on May 18, 2006. The Romanian cement market might even reach a total of Euro 570m in 2006. Lafarge Romcim runs cement plants in Medgidia, Hoghiz and Targu Jiu. Lafarge also expects a 10 per cent to 12 per cent annual growth in 2006 for all its operations in Romania as all sectors of the domestic construction market are seen to gro... |