Cement News tagged under: international
Cemex expands venture with Ready Mix USA02 September 2005, Published under Cement NewsCemex has said it is expanding its recent US venture with Ready Mix USA, a move that will bring it almost US$92m for handing operations to the venture. Cemex said it will add 27 concrete making plants and four block production units to the joint venture. In exchange it will receive the cash injection from the venture which it will use to pay down debt. Cemex said in June it was linking up with Ready Mix USA to boost its business in the U.S. Southeast. The venture was another move ... |
Red River Delta output to raise by 2010, Vietnam02 September 2005, Published under Cement NewsThe Ministry of Construction has mapped out a cement production development plan in the Red River Delta up to 2010, aiming to raise annual cement output to 18Mt by that year in a bid to ease shortages of the product in the region in the coming time. According to the Construction Material Institute, the Red River Delta is the region with largest cement production capacity in Vietnam as it has favorable conditions for the production of the product such as transport, material sources and o... |
Revamp for Southern Highlands’ cement mill, Australia02 September 2005, Published under Cement NewsThe NSW Government has approved the construction of a $25m upgrade of a cement mill in the Southern Highlands. The upgrade of the Blue Circle cement mill at New Berrima will enable it to meet state-wide demand for cement products. The Minister for Planning, Frank Sartor, says the mill will also help strengthen the Southern Highlands’ economy. "This is good news for the Southern Highlands, good news for Berrima, a $25m investment that’ll provide 50 jobs during construction and 142 jobs the... |
Gujarat August cement shipments rise 12%, India02 September 2005, Published under Cement NewsGujarat Ambuja Cements Ltd, India’s third-biggest cement maker, said its August shipments rose 12 per cent on year to 981,000t. Ambuja’s cement production in the same period totalled 983,000t, up 11 per cent from a year earlier, the company said in a statement. |
Holcim purchases all Holcim (Cesko) shares02 September 2005, Published under Cement NewsHolcim has taken over all shares in its Czech unit Holcim (Cesko) after a squeeze-out, company lawyer Helena Lebedova said. The Swiss major will pay minority shareholders in the cement maker Kc2,328 per each share worth a nominal Kc378. "It will be easier to manage the company, no general meetings will have to be called," Lebedova said after today’s extraordinary general meeting. Holcim controlled more than 96 per cent of Holcim (Cesko) shares. It could squeeze minority shareholders out ... |
Cimsa H1 2005 net profit up 169% YoY02 September 2005, Published under Cement NewsTurkish cement producer Cimsa increased its net profit by 169% YoY to TRL53.3m (US$39.4m) in the first half of 2005. The company’s net profit for the second quarter of 2005 went up by 152% QoQ to TRL15.1m (US$11.12m). Cimsa sales revenue went up by 16.8% to TRL166.2m (US$122.43m). Domestic sales went up by 27% and exports went up by 14.8%. Exports accounted for 35% of Cimsa’s turnover. Total assets stood at TRL598.59m (US$440.95m), up from TRL580.02m (US$427.27m) at the end of 2004. |
Exports of cement boom, local sales fall, Cyprus02 September 2005, Published under Cement NewsExports of cement increased by 19.1% year on year in the first seven months of 2005, according to the latest data from the Statistical Service. However, Local sales rose by 2.8%. Exports of cement rose by 19.1% YoY in the first seven months of the year, to total 95.857t. In the May-July period, exports rose even faster, by 132% compared with the same period of the previous year. The boom in exports has somewhat made up for the downturn in the much larger category of local sales. Local ... |
90% of construction works in the Amran project complete, Yemen02 September 2005, Published under Cement NewsIshikawajima-Harima Heavy Industries Co., Ltd, Japan (IHI), has completed 90% of constructive works and 60% of technical works on the Amran Cement Plant Expansion Project, according to Saba news agency. Last week, Amran Governor Taha Abdullah Hajar, along with the director of Amran Cement Factory met with the Japanese Ambassador to Sana’a Yuichi Ichii, and a representative of Ishikawajima-Harima Heavy Industries Co., Ltd, Japan (IHI). The meeting focused on the work progress and delay... |
Katrina’s impact on building materials unknown01 September 2005, Published under Cement NewsAlthough it’s clear from the devastation caused by Hurricane Katrina that materials used in residential and commercial construction will be needed to rebuild, building products companies say it’s too early to tell when they’ll be needed. It’s also unclear whether there will be a spike in demand for some products. With demand for cement already high because of the residential construction boom, however, Katrina will push that demand even higher, said Ed Sullivan, the chief economist with t... |
More on the Mexican anti-dumping issue01 September 2005, Published under Cement NewsThe US Commerce Department has just announced its preliminary results in the 14th administrative review of the antidumping duty order on gray portland cement and clinker from Mexico. The review covers entries of the subject merchandise during the period August 1, 2003, through July 31, 2004. The Department preliminarily found the weighted-average margin for Cemex and its affiliate, GCC Cemento SA (GCCC) in this review to be 40.54 per cent (per-unit rate of US$25.73 per metric tonne). Howe... |