Cement News tagged under: international
Russian RATM to invest in new plant27 October 2005, Published under Cement NewsRussia’ Novosibirsk-based RATM Industrial Commercial Group plans to invest up to Euro 120m in the construction of a cement plant in the Novosibirsk Region, the company’ President Eduard Taran said at a press conference Wednesday. “This is a preliminary value of the project,” Taran said adding that the company plans to borrow funds for the project. As cement production is very profitable banks are already lining up to finance the plant’ construction, he said. RATM plans to begin const... |
GCC reports record results27 October 2005, Published under Cement NewsGrupo Cementos de Chihuahua (GCC) now a leading cement producer in its markets in Mexico, United States and Bolivia, today announced its consolidated results for the quarterly period ended September 30, 2005. Increases of 12.9 per cent in sales, 21.4 per cent in EBITDA and 33.9 per cent in net income in the third quarter reflected growing demand for cement in the United States and the solid dynamics of the construction industry in Mexico. In September 2005, GCC took an important step fo... |
Colombia’s Argos earnings up27 October 2005, Published under Cement NewsCemento Argos, Colombia’s biggest cement company, on Wednesday reported a 23 per cent jump in Jan-Sept net earnings compared with the same 2004 period on higher sales and investment income. The Medellin-based company reported earnings of 177.9 billion pesos ($78m), not including earnings by affiliates, in the first nine months of the year compared with 144.3 billion pesos in the same 2004 period. Argos, which controls just more than half the Andean country’s cement market, reported a 1... |
Chile Cement Sales Up27 October 2005, Published under Cement NewsChilean cement sales rose 5.8 per cent year-on-year for January to September 2005, Chilean Construction Chamber CChC said on October 26, 2005. The three local producers sold 7.8 million bags of cement in September 2005, up 8.6 per cent year-on-year. Cementos Melon, controlled by Lafarge, has a share of 35.2 per cent of the Chilean cement market at present, followed by Polpaico with 34.8 per cent and Cementos Bio Bio with 30 per cent. Chile’s domestic cement sales grew to 3.7Mt in 2004, up ... |
Cement war in nobody’s best interest26 October 2005, Published under Cement NewsSouth African cement supplier Holcim said it is committed to free enterprise and welcomes competition in Namibia, which, the company said has always been to the benefit of consumers. In a statement, Holcim argued that by offering its traditional Namibian customers a discounted price to match the offer being made by the new competitor, the firm is only defending its marketing position. "Recently, another Namibian enterprise has started to import cement from Brazil for supply to the local m... |
Holcim denies misconduct In Hungary26 October 2005, Published under Cement NewsHolcim has repudiated charges of misconduct in Hungary. The company said a Hungarian court has supported Holcim’s role in the privatization of the Hejocsaba cement plant. Holcim said unrealistic claims by a group of Hungarian investors have blocked any out-of-court settlement. Swiss media say the claims amount to EUR160m. Swiss cement producer Holcim Ltd said it rejected claims made by Magyar Cement Kft that it acted fraudulently when acquiring a 57 per cent stake Hejocsaba cement works in 19... |
USG achieves record volumes again26 October 2005, Published under Cement NewsUSG Corporation, the leading North American plasterboard producer, increased turnover by13.9 per cent to US$3,804m in the first nine months of the year, with the trading profit advancing by 38.3 per cent to US$516m. United States Gypsum Company, its domestic plasterboard arm, increased plasterboard shipments by around 3 per cent in the year to date and prices in the third quarter were 14.9 per cent higher than in the comparative period last year and up by 6.9 per cent on the second quarter ... |
Anhui Conch 3Q net profit down25 October 2005, Published under Cement NewsChina’s largest cement maker Anhui Conch Cement Co Ltd said its third quarter net profit fell 9.4 per cent year-on-year to 119.2 mln yuan, with market demand weakened by the government’s macroeconomic controls. Earnings per share stood at 0.09 yuan in the third quarter, down from 0.105 yuan a year earlier. Core revenue rose 30 per cent year-on-year to 2.68bn yuan. Guo Wensan, chairman of Conch Cement, told reporters that the company has strong prospects despite the government’s tighteni... |
Government backs embattled cement company25 October 2005, Published under Cement NewsThe Namibian Ministry of Trade and Industry says it will see to it that the new Cheetah Cement Company is not squeezed out of business by South African suppliers and their local distributors. Trade and Industry Minister Immanuel Ngatjizeko last week said the government would not tolerate those who were bent on preventing local players from entering the construction business. Cheetah Cement – a partnership between a Brazilian (Mizu) and Namibian company – was launched recently and is worki... |
Pueblo debate on new $200m plant while shortages mount25 October 2005, Published under Cement NewsMexican cement manufacturer GCC is close to investing $200m to build a new plant in Pueblo. It comes at a time when shortages of cement are reportedly delaying construction projects around the state. If the project gains approval from the board of directors of Grupo Cementos de Chihuahua (GCC), the plant could be operational by the end of 2007, said Enrique Escalante, director of GCC’s US division. The new Pueblo plant would turn out 1Mt of cement a year, making it Colorado’s second-large... |