Cement News tagged under: corporate
Saudi Southern Province28 October 2004, Published under Cement NewsSaudi cement producer Southern Province Cement (SPC) posted a net profit of 439 mln Saudi riyals ($117.1m) for the first nine months of 2004, up from 386.5 mln riyals ($103.1m) in the same period of 2003. SPC’s gross profit stood at 458.1 mln riyals ($122.2m), up 10.6 per cent year-on-year, while operating expenses decreased 7.3 per cent to 19.6 mln riyals ($5.2m). |
UltraTech Cement posts net loss27 October 2004, Published under Cement NewsThe AV Birla group company - UltraTech Cement Ltd has posted a net loss of Rs 2.3 crore for the quarter ended September 2004. Net sales for the quarter was reported at Rs 587.8 crore. The company has provided an interest of Rs 26.9 crore as interest and depreciation of Rs 64.9 crore (including Rs 18.3 crore on account of depreciation of previous years), according to a company statement. The company’s aggregate sales volumes rose 2.2% at 33.44 lakh mt. The company’s domestic market share stoo... |
Maltsovsky Portlandcement27 October 2004, Published under Cement NewsMaltsovsky Portlandcement made over 2.8Mt of cement in 9M 2004, a 1.4 per cent rise against in the same period 2003. Packed cement output was about 268,000t, Eurocement press service reported . |
FLS embraces Efficiency of 3D27 October 2004, Published under Cement NewsFL Smidth of Denmark, the world’s leading supplier of cement production technology, has selected SolidWorks(R) software as its 3D mechanical design standard because it will dramatically increase the company’s engineering efficiency and productivity in designing cement-making equipment and plants. FLS is implementing 200 licenses of SolidWorks software for full production use in early 2005. SolidWorks will let engineers more quickly design products like kilns, mills, coolers, burners, and re... |
Italy Antitrust approves Aalborg, Unicon Purchase by Cementir27 October 2004, Published under Cement NewsItaly’s Antitrust authority gave the green light to Italian cement company Cementir to buy cement company Aalborg Portland and ready-mixed concrete company Unicon, it was reported on October 26, 2004. Aalborg Portland and Unicon are units of Danish engineering group FLS Industries. Unicon has plants in Denmark, Sweden, Norway and Poland. Cementir is a subsidiary of Italian construction company Caltagirone. |
UAE Union Cement Jan-Sept 200426 October 2004, Published under Cement NewsThe net profit of UAE Ras al-Khaimah cement manufacturer Union Cement rose to 80.26 mln UAE dirhams ($21.8m) in the first nine months of 2004 from 22.61 mln dirhams ($6.2m) in the same period of 2003. The company’s sales climbed to 234.6 mln dirhams ($63.9m) from 135.5 mln dirhams ($36.9m), while the cost of sales increased to 133.3 mln dirhams ($36.3m) from 92.6 mln dirhams ($25.2m). Union Cement’s total assets grew to 592.04 mln dirhams ($161.2m) at end-September 2004 from 537.6 mln dirha... |
RMC Group Shareholders to vote26 October 2004, Published under Cement NewsMexican cement maker Cemex SA (CX) said Monday that RMC Group Ltd’s shareholders will vote on its $5.8 billion cash and debt offer on Nov. 17. Cemex said in a filing with the Mexican Stock Exchange that RMC has given shareholders the details of the acquisition, which the company supports. Monterrey-based Cemex, the world’s third-largest cement maker behind France’s Lafarge and Switzerland-based Holcim, said it expects the acquisition to close Jan. 12, subject to regulatory approvals. Cemex ... |
Energy costs too high, says Bamburi CEO26 October 2004, Published under Cement NewsBamburi Cement managing director, Didier Tresarrieu, said yesterday that for local industries to compete effectively with imports from the Comesa, energy costs need to come down. Mr Tresarrieu said exorbitant electricity costs had made it difficult for local manufacturers to cope with imports from the region a development he said did not augur well for the sector. "The Government should look into ways of reducing electricity costs in the country, not only to create a level playing field, b... |
Semen Gresik 9-Month figures26 October 2004, Published under Cement NewsPT Semen Gresik, Indonesia, said its cement sales in the first nine months of this year rose 12 per cent on year to 11.64Mt, due to gains in both domestic sales and exports. Indonesia’s largest cement maker said its domestic cement sales rose 13.3 per cent on year to 10.03Mt. Its exports gained 4 per cent on year to 1.61Mt. According to data from Indonesia’s cement producers association, national cement sales in the first nine months of this year rose 9 per cent to 22.28Mt from 20.44 million... |
Morgan Stanley to invest US$50m in china cement plant25 October 2004, Published under Cement NewsMorgan Stanley, one of the world’s leading investment banks, has reportedly signed an agreement to invest US$50m in a joint venture with local cement producer Jinan Shanshui Group Co Ltd in east China’s Shandong province, the Chinese company said. Morgan Stanley will take a 30 per cent stake in the joint venture into which Shanshui Group will inject its total cement assets, an official at Shanshui Group, who asked not to be named, told XFN-Asia. “We also plan to list the joint venture overse... |