Cement News tagged under: international
Union at Giant Cement votes to go on strike22 August 2005, Published under Cement NewsUnion members at the US Giant Cement plant in South Carolina, shut down equipment, walked off the job Friday night and began picketing the site. Union members have been working without a contract since April 2003 after rejecting a deal the company called its final offer. The union met with management Friday afternoon but voted to strike, said Richard K. Thomas, international representative for the United Steel Workers. Thomas has said key issues are the company wants employees to contribute t... |
Third straight record year of cement consumption predicted, USA19 August 2005, Published under Cement NewsExperts expect cement consumption this year to increase five percent over 2004 levels, making this the third straight year of record volume. Additionally, according to Portland Cement Association’s (PCA) Summer Forecast Report, an increase of 3.3 per cent is predicted for 2006. The first rise in non-residential construction in three years, coupled with little slow down in the residential sector, are seen as the main factors driving up demand. PCA expects 2005 single family starts to excee... |
Listed cement sector companies’ profit growth to continue, Pakistan19 August 2005, Published under Cement NewsThe profitability growth of most of the listed cement sector companies is expected to continue in the fiscal year 2006 and fiscal year 2007 due to increasing demand, analysts say. “Profitability will show decent growth for the next two years,” said Atif Malik, a cement sector analyst at Jahangir Siddiqui Capital Markets. According to him, the cement sector, contrary to general expectations, is expected to post a decent growth in profitability of 22 per cent and 10 per cent during the next... |
Bangur name to adorn cement brand, India19 August 2005, Published under Cement NewsAfter cement sold under the Birla name, it is time for the Bangurs to put their name on their own cement as well. The BG-HM Bangur group is planning to make inroads into the high end cement mart with Bangur brand. The joint managing director of Shree Cement, HM Bangur told Business Standard that the company is optimistic to launch ’Bangur Cement’, the premium quality cement from the group by the first week of December. According to Bangur, the new premium brand will be manufactured in its n... |
Cementos Bío Bío acquires 100% of Tecnomix19 August 2005, Published under Cement NewsChilean cement company Cementos Bío Bío has acquired 100% of ready mix company Tecnomix in a CHP15.7bn (US$28.9m) deal. With the sale, Tecnomix would become a subsidiary of Cementos Bío Bío and would use 200,000tpa of Bío Bío’s cement to make its products, the company said. Tecnomix operates six plants throughout the country, in the towns and cities of Concón (Region V), Quilicura, Huechuraba, San Bernardo (Metropolitan region), Concepción (Region VIII), and Punta Arenas (Region XII).... |
Saudi Southern Province cement H1 2005 net profit at $86.2m19 August 2005, Published under Cement NewsSaudi cement producer Southern Province Cement (SPC) posted a net profit of SAR323.1m (US$86.2m) for the first half of 2005, up 14.1% YoY. Gross profit grew 13.4% YoY to SAR333.4m (US$88.9m) for January to June 2005. The company registered a 3.7% annual drop in total operating expenses to SAR13.9m (US$3.7m) in the first six months of 2005. |
All my ex’s live in Texas19 August 2005, Published under Cement NewsFollowing the spinning off of Chaparral Steel Company to its shareholders, Texas Industries is left with its cement operations in Texas and California and aggregates businesses in Texas and Louisiana is well as ready-mixed concrete operations. These are likely to be of interest to several international cement-based groups, so, by spinning off the steel business, Texas Industries has laid itself open to bids. Some groups, such as Cemex, Holcim, HeidelbergCement and possibly also Buzzi Unicem,... |
Cementos Andinos sues Cemex, Argos, Holcim18 August 2005, Published under Cement NewsThe three biggest cement companies operating in Colombia - Cemex, Argos and Holcim - have been sued by a small competitor, Cementos Andinos, for alleged unfair competition, newspaper El Universal reported. Colombian firm Cementos Andinos, which has a market share of six per cent in the country, has accused its three big competitors, based in Mexico, Colombia and Switzerland, respectively, of agreeing to sell their products at artificially low prices to eliminate smaller rivals. The story ... |
Lafarge pays fine levied by Competition Council18 August 2005, Published under Cement NewsCement producer Lafarge Romcim SA has notified the Competition Council of the payment of 377,237,432,195 ROL (one euro sells for 35,905 ROL) in fine levied under resolution no.94/2005, the Competition Council said on Wednesday. The stance taken by Lafarge gives a strong signal as to the Romanian cement market’s future. The Competition Council hails Lafarge’s decision to make a weighty contribution to the development of a normal competition environment on the cement market, the release sa... |
Adelaide Brighton improved profits likely18 August 2005, Published under Cement NewsAdelaide Brighton is on track for a small lift in annual profit as strong demand for cement from an active resources sector offsets a downturn in the New South Wales residential construction market. The cement and lime producer announced a 14.23 per cent rise in first half net profit to A$38.53 million. Managing director Mark Chellew said the company remains positive about the second half of 2005 and is on track to meet its full year profit guidance of A$82 million to A$85 million. The compa... |