Cement News tagged under: international
Texas Industries hopes to recover higher energy costs in 200606 January 2006, Published under Cement NewsIn the six months to the end of November, Texas Industries increased turnover from continuing operations by 14.6 per cent to US$462.6m, while the trading profit emerged 59.1 per cent higher at US$32.4m in spite of a 1.6 per cent reduction in the second quarter, that was affected by scheduled maintenance shut-downs at both the company’s Texas cement plants. In the previous quarter the hurricane Katrina caused a certain amount of disruption. As a result of the spinning off of the steel operati... |
GCC buys Four US concrete companies06 January 2006, Published under Cement NewsGrupo Cementos de Chihuahua (GCC) has bought four ready-mix concrete companies in the USA for an undisclosed sum, GCC said on January 5, 2006. GCC bought Consolidated Ready Mix, Henrich and Sons, Huron Steel Structures and B&B Concrete, which annually generate $30m in sales. The four companies have 14 ready-mix plants and a fleet of 100 trucks. The purchase deal consolidated GCC’s leadership position on the cement market in South Dakota and nearby regions, northern USA. Thus the company wi... |
China Resources Cement expands for 11th Five-Year plan05 January 2006, Published under Cement NewsChina Resources Cement Holdings will continue to invest in cement production in the next three year although there is downward pressure on cement price. The company believes enhancing production capacity for long term benefit is crucial. In the next three years, it plans to enhance annual production capacity from 7.7Mt to 15Mt. The expansion involves an investment of RMB1bn. China Resources Cement deputy-chairman Shi Xan-bo forecasts that in the next two year, cement price will drop b... |
Tabuk Cement net profit up 20 per cent, Saudi Arabia05 January 2006, Published under Cement NewsTabuk Cement’s net profit rose to SR154.8m in 2005, up 20 per cent from the previous year, the Saudi Arabian company said yesterday. Net profit for the fourth quarter of 2005 was SR37.6m, compared to SR32.8m in the same period of 2004, a statement issued near the close of yesterday’s trading on the stock market website said. |
Orascom expands its bag interests05 January 2006, Published under Cement NewsOrascom Construction Industries has acquired Egypt Sack Company for E£43m (EUR6.3m). Egypt Sack operates a single plant with an annual capacity of 60m cement bags and generated a turnover of E£38.6m ( EUR5.6m) and a net profit of E£6.7m (EUR1.0m) in 2004, with the net profit last year expected to emerge at around E£9.0m (EUR1.3m). As a result of the purchase of Egypt Sack, Orascom Construction Industries now has an annual cement sack capacity of approximately 300m bags, spread across three ... |
TPI asks court for exit from debt restructuring status05 January 2006, Published under Cement NewsTPI will ask the Central Bankruptcy Court on 29 December for approval to exit business rehabilitation, according to Gen Mongkol Ampornpisit, the chairman of the rehabilitation plan administration team, the Bangkok Post reports. The government-appointed administrator will also repay debts of US$1.48bn on 29 December to the creditors of TPI, the country’s biggest corporate debtor. The money comes from the sale of new TPI shares to strategic investors led by PTT Plc, existing creditors a... |
Cement giants put up bulk of shares for auction05 January 2006, Published under Cement NewsState-owned cement giants Bim Son and But Son will auction tens of millions of shares in preparation for their conversion into shareholding concerns. Bim Son will offer 18 million shares and But Son 22m. The reserve price for both is VND11,000 compared to a par value of VND10,000. The deadline for registration of Bim Son shares is January 13 and that for But Son shares is today. The Bim Son share auction is set for January 20 at both HCMC and Hanoi securities trading centers, and th... |
Argentina’s Loma Negra considering bond programme05 January 2006, Published under Cement NewsArgentine cement manufacturer Loma Negra is analysing the launch of a US$500m bond programme, the company said in a filing to the local stock exchange. The brief statement set a shareholders meeting for Jan. 10 to consider the bond programme. The company gave no further details about the potential debt issuances or how it plans to use the money raised through the placements. A Wednesday report in financial daily El Cronista said Loma Negra will use some US$110m for a debt buyback and fun... |
Wendel in talks to buy Materis for more than EUR2bn05 January 2006, Published under Cement NewsFrench holding company Wendel Investissement is in talks to buy specialty materials maker Groupe Materis for more than EUR2bn, local press reported. Last month Eurazeo announced a period of exclusive talks with LBO France, the existing owner of Materis, but said on December 22 that it was abandoning its plan to buy the company. Materis, a maker of specialty chemicals for the paint, plaster, calcium aluminates and concrete and cement industries, has annual sales of about EUR1.5bn, with... |
British Cement Association: Compliance with new waste incineration directive05 January 2006, Published under Cement NewsAll four members of the British Cement Association – Buxton Lime Industries, Castle Cement, Cemex UK and Lafarge UK – fully comply with the Waste Incineration Directive (WID) which came into force on 28 December 2005. The Directive aims to minimise the negative impact on the environment through pollution by emissions to air, soil, surface and groundwater and the resulting risks to human health. The Directive applies to all plants that recover energy from waste or incinerate waste for disposa... |