Cement News tagged under: international
Antitrust chief says may increase fine on Eurocement, Russia01 March 2006, Published under Cement NewsRussia’s Federal Antimonopoly Service (FAS) may increase Russian cement producer Eurocement Group’s fine to 8 billion rubles from the current 2 billion rubles, if the company continues violating antimonopoly law, Igor Artemyev, director of the FAS, told journalists. Eurocement has disputed in court the FAS’ decision to fine the company for unreasonably hiking cement prices, Artemyev said, adding that the company continues to violate the law. "If we win the case, then we’ll revise up ... |
Cement cos to build on core play, India01 March 2006, Published under Cement NewsThe cement sector found no mention in the Budget, but there was much cheer in the industry due to the increased emphasis on infrastructure, which is expected to boost cement demand. Proposals like enhanced outlays for various schemes will give a significant fillip to the infrastructure sector, analysts said. The outlay for the National Highway Development Programme (NHDP) has been hiked from Rs 9,320 crore to Rs 9,945 crore in ’06-07. Also, an additional Rs 550 crore has been allocated for... |
GCC reports record fourth quarter results, Mexico28 February 2006, Published under Cement NewsMexico’s Grupo Cementos de Chihuahua (GCC) consolidated results for the fourth quarter and full year ended December 31, 2005. Net sales in the fourth quarter of 2005 increased 37.1% to a record $1,336.2m pesos. This reflected gains in each of the Company’s markets. In the United States, net sales rose 24.1% as a result of the rise in average cement sales prices, combined with the 5.7% volume growth driven by strong continued demand in all construction sectors. Additionally, results in ... |
Gresik posts US$100m net profit, Indonesia28 February 2006, Published under Cement NewsState-run cement maker PT Semen Gresik posted a net profit of Rp936.314bn (US$100.8m) last year, up by 83.37 per cent from a year earlier. Sales rose 44.37 per cent to Rp8.759 trillion in 2005 from Rp6.067 trillion in 2004, the company’s corporate secretary Anas Rosjidi said on Monday. In the fourth quarter of 2005, sales reached Rp2.289 trillion, while net profits stood at Rp229.942bn. |
Holcim plans merger with Stredoslovenska Cementaren28 February 2006, Published under Cement NewsThe largest cement producer in Slovakia, Holcim Slovensko, a.s, Rohoznik wants to merge with Stredoslovenska Cementaren, s.r.o. Banska Bystrica. Both companies deposited a draft agreement on merger in the document collection of the Corporate Register on February 24. However, Holcim general shareholder meeting will have the final say over the step. It is scheduled for March 29, 2006. Holcim reported sales of own products and services at SKK 3.3bn for last year. The company however closed la... |
Cement prices in Andhra at a new high28 February 2006, Published under Cement NewsCement prices in Andhra Pradesh are at a new high with the onset of summer, which usually sees hectic construction activity in the state. According to market sources, the average retail price is now in the range of Rs 145-148 per bag in Hyderabad, Rs 143-145 in Vijayawada, Rs 154-156 in Chittoor and Rs 160-165 in Srikakulam and Visakhapatnam. The difference in the prices in these regions is mainly due to their proximity or otherwise to the cement units. While the average cement price dur... |
Cement monopoly damaging Jamaica28 February 2006, Published under Cement NewsThe opposition Jamaica Labour Party (JLP) stated yesterday that a monopoly in the cement market is not in the interest of the Jamaican people. Caribbean Cement Company benefits from a surcharge of 25.83 per cent on imported cement, bringing the total duty to 40.83 per cent. The protection was granted to allow the company sufficient market share to justify a major expansion which is taking place at the factory. A US$100m expansion and modernisation programme has been started. The major comp... |
Loss-making cement firms rise in spite of growth28 February 2006, Published under Cement NewsChina’s cement industry experienced healthy growth in 2005 despite rising energy costs and lower prices due to more efficient labor. The number of loss-making companies, however, increased. The sector made "breakthrough progress" in restructuring last year and China will continue to tighten approvals of production lines with small capacity and outdated technology, the National Development and Reform Commission said on its Website over the weekend. The industry had sales of CNY260.8bn (US$... |
Portugal’s Cimpor sells 19% Lemona stake, Spain27 February 2006, Published under Cement NewsCimpor said it has sold its 19 per cent stake in Spain’s Cementos Lemona SA to Cementos Portland Valderrivas SA for EUR69.2m. Cimpor said the 2.16M shares its Spanish unit Corporacion Noroeste SA held in Lemonas were tendered to Valderrivas under the terms of the latter’s takeover bid for 100% of Lemona. |
Colombia’s Cementos Argos 2005 net up27 February 2006, Published under Cement NewsCementos Argos SA , the biggest Colombian cement maker, said its net profit in 2005 fell three per cent to COP225bn (US$100.2m) from COP232bn the year before mainly because of lower prices in Colombia. Its sales volume rose 41% in 2005 from the year before, though lower prices reduced profit margins, the company said in a filing to the financial regulator. Last year, Argos bought two cement companies in the US for a total amount of US$257m. The company’s debt rose 51% to COP1.2 tr... |