Cement News tagged under: international
Thailand’s September economic indicators04 November 2005, Published under Cement NewsEconomic indicators released by the Bank of Thailand put a negative tone on domestic spending, despite improved trade and current account balances in line with the slowdown in imports. Key economic variables for September 2005 are summarised as follows: Exports grew slower, though their growth exceeded imports. In September, exports grew by 23.8 percent, against the growth of 25.5 percent in August. Meanwhile, imports slowed steadily, growing by 19.9 percent against 24.1 percent in the prece... |
Lafarge and Cemex terminate jv03 November 2005, Published under Cement NewsLafarge and Cemex announce that they have signed today a Letter of Intent to terminate their 50/50 joint venture in Readymix Asland (RMA) in Spain, and Betecna Betao Pronto (BETECNA) in Portugal. This transaction is subject to the approval by the relevant competition authorities. With 122 concrete plants and 12 aggregates quarries, RMA is today the leader of the Spanish concrete market. BETECNA is composed of 40 concrete plants and 4 aggregates quarries, and is one of the lead... |
Cement industry may grow at nine per cent03 November 2005, Published under Cement NewsCement industry is expected to grow at 8-9 per cent compounded annual growth rate (CAGR) in medium term, according to industry chamber Assocham. This growth expectation stems out from the committed big investments in infrastructure and housing sectors, the chamber said in its latest ’Eco Pulse’ study. Proposed investment to build concrete highways and roads, under National Highway Development Programme and PM Gram Sadak Yojna and strengthen irrigation system, water supply, housing, ele... |
Holcim Romania opens 10th environmentally friendly plant03 November 2005, Published under Cement NewsHolcim Romania has opened its 10th environmentally friendly concrete plant, located in the western city of Timisoara following an investment of EUR1.5m. The new plant has a production capacity of 120m3 per hour and is fully automated. The plant in Timisoara uses technology which reduces to almost zero all air emissions and noise, Holcim Romania’s general director, Markus Wirth, said. The Timisoara plant is also equipped with an air and water heating system which enables operations a... |
Oman Cement Co Posts $35.35m net profit Jan-Sept 200503 November 2005, Published under Cement NewsOman Cement Company (OCC) reported a 40 pct YoY increase in net profit to 13.61 mln Omani rials ($35.35m) for the first nine months of 2005, the company said in a statement to the Muscat Securities Market (MSM) on October 31, 2005. OCC cement plant is located at the Rusayl Industrial Area, about 60km from the Sultan Qaboos Port and some 32km from the Seeb International Airport. |
Fujairah net profit surges, UAE03 November 2005, Published under Cement NewsThe net profit of UAE cement manufacturer Fujairah Cement Industries Company surged to 102.7m UAE dirhams ($27.9m) for the first nine months of 2005, up from 73.6m dirhams ($20m) for the corresponding period in 2004. The company’s sales grew to 265.5m ($72.3m) from 218.8m ($59.6m). Total assets surged to 703.1m ($191.4m) from 660.7m ($179.9m). |
CRH in further North American expansion02 November 2005, Published under Cement NewsCRH is spending US$413m to considerably expand its heavy building materials businesses in the United States, including the debt being assumed, in three separate transactions. Two of the deals relate to the Mountain Companies, which produce in excess of 4.5Mt of aggregates per annum from eight quarries and one sand & gravel pit, and include a substantial road surfacing business and a 50% stake in a civil engineering contractor and expands the group’s presence in Kentucky, Virginia and We... |
Lucky Cement impressive sales, Pakistan02 November 2005, Published under Cement NewsDuring the year under review the performance of the company remained quite impressive as its sales and profitability were considerably on the higher side as compared to the preceding year’s. However, the Board of Directors skipped dividend this year as cash outflow at this juncture is not appreciable because of funds needed to meet the financing of huge expansion project. The company is installing two new lines at its Pezu, NWFP plant. Similarly, the company is building a green field Pl... |
Indian cement firms raise prices in western region02 November 2005, Published under Cement NewsIndia’s top cement makers have announced a price increase of 5 rupees per bag in Mumbai and neighbouring markets, dealers said on Wednesday. "Companies have intimated to us a 5 rupees hike from Nov. 1," a dealer told Reuters, adding the new prices would come into effect when the market reopens after Diwali holidays this week. Retail cement prices would rise to 180 rupees per 50-kg bag, while those for institutional and bulk buyers would be about 165 rupees after the latest pric... |
Sale of Southern Star closes, Colombia02 November 2005, Published under Cement NewsColombian cement maker Compaña de Cemento Argos SA has completed a $245m acquisition of Southern Star Concrete Inc. The sellers of the Irving, Texas-based ready-mixed cement producer were private equity firms Texas Growth Fund and Austin Ventures, both of Austin, Texas. The deal’s completion was announced Tuesday, Nov 1, by McColl Partners LLC, a Charlotte, NC-based investment bank that was financial adviser to Southern Star and its private equity backers. The Medellin, Colomb... |