Cement News tagged under: international
Mexico Ara, Cemex announce joint project30 August 2005, Published under Cement NewsThe third largest Mexican home construction company Consorcio Ara and Mexico’s largest cement producer Cementos Mexicanos (Cemex) announced a joint construction project, it was reported on August 29, 2005. The project consists of the construction of 5350 homes and a commercial centre on an area of 89 ha, owned by Ara, said Jaime del Rio, an official from Ara. The construction area is located near Puebla, central Mexico. It project was encouraged by the rising of Ara’s home sales in 2004, pus... |
Cement Plants in GCC Countries increasing30 August 2005, Published under Cement NewsThe number of cement plants in the six Gulf Cooperation Council (GCC) countries stood at 32 at the end of 2004, according to a report of the Qatar-based Gulf Organization for Industrial Consulting (GOIC). The total investments in the plants amount to $5.8bn and their workforce totals 13,000 employees. According to the report, the plants’ total annual output currently stands at 42.7Mt, and the figure is expected to reach 50Mt over the next few years. The plants produced 42Mt in 2004, up f... |
Athi river registers profit30 August 2005, Published under Cement NewsAthi River Mining yesterday posted an increase of 64 per cent in its after-tax profit for the first six month to June 30. Surendra Bhatia, the firm’s Managing Director, announced that the profits-after tax had increased to Sh81 million, up from a low of Sh49 million". The earnings increase are before minority interest and translate to an annualised Earnings Per Share (EPS) of Sh1.74," he said. The group’s turnover grew by 31 per cent over the same period last year, driven by growth in all th... |
Giant Cement, USW hope to end strike30 August 2005, Published under Cement NewsRumors of striking employees at Giant Cement, Harleyville, South Carolina being told to "hit the road" Friday morning were not true, a company spokesman says. "The rumor this morning that we fired over 100 people is not true," said John Von Tress, vice president of operations for Giant Cement Holding Inc. "You cannot fire people for striking. They are protected under the national Labor Relations clause." Union members at the Giant Cement plant shut down equipment, walked off the job Aug. 19 ... |
North America leads profit improvement at Holcim26 August 2005, Published under Cement NewsHolcim’s turnover in the first half of the year rose by 24.6 per cent to SwFr.7,870m (€5,077m) and the operating profit at the EBITDA level improved by 18.4 per cent to SwFr.2,037m (€1,314m), as the negative weather effect in the first quarter was worked away. As a result of acquisitions, net interest payments rose by 39.4 per cent to SwFr.354m (€228m). However, the net attributable profit still rose by 82.6 per cent to SwFr.650m (€419m). The decline in the EBITDA margin from 27.2 per cent ... |
Moctezuma wins cement market26 August 2005, Published under Cement NewsAs a result of the expansion of the installed production capacity in the north of Mexico, Corporació Moctezuma raised its market share in the cement industry in the last two years from two to 10 per cent. In this sense, the firm reported an additional income of near US$300m, said Pedro Carranza, Concrete Division manager at Corporació Moctezuma. After doubling the capacity of the plant in Morelos, and opening a new one in San Luis Potosíwith a capacity of 1.3Mta, the company increased its mar... |
Taiwan’s Asia Cement to invest more in China26 August 2005, Published under Cement NewsAsia Cement Corp (1102.TW) said its board has decided to invest a combined US$3.3m in a cement firm in Chengdu, central China, through two investment arms. Separately, a company statement said it plans to issue unsecured corporate bonds worth a total of TW$1.5bn. |
Senate to release findings on cement competition26 August 2005, Published under Cement NewsA sub-commission named by Colombia’s senate to investigate claims that cement giants Cemex, Holcim and Argos are restricting competition in the domestic market is set to present its findings in two weeks, a Cementos Andinos official told reporters. Cementos Andinos has accused its three big rivals, who control 91 per cent of the market, of selling their products at artificially low prices to damage smaller competitors. "The details are in the hands of the trade and industry supervisory auth... |
Anhui conch sees profits tumble25 August 2005, Published under Cement NewsGovernment-imposed anti-inflation measures and soaring energy costs dealt a huge blow to the profitability of Anhui Conch Cement, China’s largest cement maker, in the first six months of the year. Net profit plummeted 88.49 per cent to 91.41 million yuan, despite a 19.12 per cent rise in sales to 4.51 billion yuan. Demand for cement was affected by slower growth in fixed direct investment, while competition in cement prices remained fierce in the group’s main markets of Shanghai, Zhejiang... |
Lorient cement plans25 August 2005, Published under Cement NewsPlans by Cimarmor, a subsidiary of the Belgian registered Fuenciment, and run by Messrs. Carlos Borck and Javier Abad, to build a cement grinding plant at the port of Lorient in Brittany in western France have received the support of the local chamber of commerce, prior to being subject to a public enquiry, the outcome of which should be known some time during September. Cimarmor aims to take over a dock-side site being vacated by another user and to invest €30m in installing a grinding stat... |