Cement News tagged under: international
Taiwan Cement sees record profits in 200606 July 2006, Published under Cement NewsTaiwan Cement Corp, the third-largest cement maker in China and Taiwan, expects this year’s profit to exceed the record T$5.70bn ($176m) profit it made in 2005, the company’s chairman said. "Our core business is likely to be better than last year, while the performances of our affiliated businesses have risen, so we should see a great rise in first half results," Koo Cheng-yun told Reuters on the sidelines of a forum in Taipei. Koo said based on expected strong first-half results and... |
Work starts on US$210m cement plant, Vietnam06 July 2006, Published under Cement NewsConstruction of a US$210m cement plant began in Tinh Gia district of central Thanh Hoa province on July 4. The plant, invested by the Cong Thanh Cement Joint Stock Company, has a designed capacity of 2,500tpd of clinker in the first phase. Its capacity will be raised to 7,500tpd of clinker (2.8Mta) in the second phase. This is the third cement plant to be built in the Thanh Hoa province. The plant is scheduled to be put into operation in 15 months, creating jobs for around 1,000 local worke... |
Lebanese company establishes factory in Suleimaniah06 July 2006, Published under Cement NewsSuleimaniah’s General Director for the Promotion of Investments, Mahdi Sheran, has announced an agreement with Lebanese company GRD to construct a cement factory in Bazian. “The project will cost $170m and the factory will be built over 92 acres. The land was leased to the company for 50 years, and this must be renewed after this time,” Sheran stated and added ““there are four other cement factory projects in Suleimaniah. The total daily production of cement from these factories will be 27 ... |
Cimentos de Cabo Verde, Cape Verde06 July 2006, Published under Cement NewsSales at Cape Verdean cement company, Cimentos de Cabo Verde (CCV) rose 28 per cent last year driven by increased activity in the archipelago’s construction market, which is expected to continue over the next few years. According to information given to Macauhub by parent company Cimpor,, the Cape Verdean company sold 152,000t of cement last year and imported 153,000t, which represented two thirds of total Cape Verdean imports of the product. Cimpor, which is also a market leader in Mozamb... |
Tokyo Cement’s net profits surge 89%, Sri Lanka06 July 2006, Published under Cement NewsTokyo Cement Ltd, the island’s biggest cement maker, said that its group net profits had jumped 89 per cent for the 12 months to March, boosted by sustained demand in the construction industry. The 22-year old company which operates a cement making plant in Cod Bay, Trincomalee, has benefited a lot from post-tsunami rebuilding and a surge in condominiums coming up in and around Colombo. Sales for the 12 months to March 31, advanced 52 percent to 8.9bn rupees, while net profits jumped 89 pe... |
Ancap to continue selling cement to Argentina, Uruguay06 July 2006, Published under Cement NewsAncap of Uruguay and Camargo Correa, the Brazilian group that controls the Argentinian cement producer Loma Negra, have confirmed an extension to their current commercialisation deal that will take them up to at least 2008. Last Thursday, the president of Ancap, Daniel Martinez visited Olavarria, Buenos Aires, where Loma Negra has one of its plants, and there it was decided that Ancap, an oil and gas group which also produces cement and concrete, will continue to sell 40,000t of cement in ... |
CRH current business outlook positive05 July 2006, Published under Cement NewsCRH plc said Wednesday that it expects that profit before tax for the six months to Jun. 30, 2006 will increase by approximately one-third compared with the reported 2005 outcome of EUR383 million. CRH said it has had a particularly good start to the year. The current business outlook is on the whole positive and, while as always risks remain, the company expect good profit growth in the more significant second half of the year leading to a healthy advance for 2006 as a whole. The ... |
IFC signs loan for Yemen cement plant05 July 2006, Published under Cement NewsThe International Finance Corporation (IFC), the private sector arm of the World Bank Group, has signed a US$35m loan to National Cement Company in Yemen. IFC’s loan will support the construction of a greenfield cement plant at Al Anad, 70km north of Aden. The project will be one of the largest private investments in the country outside the oil sector. The new plant will have an annual cement production capacity of 1.6Mt and will include a 37.5mW diesel-fired power plant. Dimitris Ts... |
Work starts on new cement plant05 July 2006, Published under Cement NewsConstruction of a US$210m cement plant began in Tinh Gia district of central Thanh Hoa province on July 4. The plant, invested by the Cong Thanh Cement Joint Stock Company, has a designed capacity of 2500 tonnes of clinker per day in the first phase. Its capacity will be raised to 7500 tonnes of clinker per day (equivalent to 2.8Mta of cement) in the second phase. This is the third cement plant built in Thanh Hoa province. The plant is scheduled to be put into operation in 15 months, creatin... |
Eurocement to pay after settlement with antitrust05 July 2006, Published under Cement NewsRussia’s largest cement producer Eurocement will pay a 267 million ruble fine (US$10m) to the federal government, in accordance with an out-of-court settlement to its long-running dispute with the Federal Antimonopoly Service (FAS), Igor Artemyev, director of the service, told a news conference Tuesday. The fine amounts to one per cent of Eurocement’s sales in 2005, Artemyev said. Artemyev called late last year for the introduction of a system of collecting fines based on the sales of t... |