Cement News tagged under: international
Cementos Portland to buy local Ceminter , Spain10 August 2005, Published under Cement NewsSpanish cement maker Cementos Portland Valderribas SA, a unit of Spanish construction and services group Fomento de Construcciones y Contratas S. A., has reached an agreement to buy local sector company Ceminter, Cementos Portland reported to Spanish competition authority SDC. SDC has to communicate its decision within one month. It can approve the deal or submit it to Spanish competition court, which in turn has to decide whether the deal is legal within two months. Ceminter, based in... |
Cementos Bío Bío net profits up 0.45% in 1H05, Chile10 August 2005, Published under Cement NewsChilean cement company Cementos Bío Bío posted a consolidated net profit of COP13.1bn (US$24.1m) for 1H05, a 0.45% increase in relation to same-period last year, the company said. Bío Bío’s revenues increased 31.5 per cent to COP147bn from COP112bn, due to the inclusion of ceramics company CISA’s results, the company said. Operating profits increased to COP19.5bn from COP18bn, despite a rise in costs due to the higher price of fuels, particularly oil, coal and gas, Cementos Bío Bío said. Ce... |
Gujarat Ambuja may invess in Rajasthan, India10 August 2005, Published under Cement NewsGujarat Ambuja has shown interest in investing Rs 1,000 crore in a cement plant in Marwar Mundwa region of Rajasthan. The chairman of Gujarat Ambuja, Suresh Neotia, indicated this while addressing the meeting of Economic Policy and Reform Council of Rajasthan here last week. Besides this, Neotia said the company also planned to expand the existing cement plant in the Pali district with an investment of Rs 200 crore. Neotia also commented on the vibrancy of the infrastructure sector... |
Cementos Argos merger now awaiting government approval, Colombia09 August 2005, Published under Cement NewsThe merger of the eight Grupo Argos cement companies in Colombia has now been approved by the shareholders of all the firms involved and the only remaining obstacle is the green light from the government, according to local press reports. Under the merger, Argos’ largest subsidiary Cementos del Caribe will absorb Cementos Paz del Río, Colclínker, Tolcemento, Cementos Rioclaro, Cementos del Valle, Cementos El Cairo and Cementos del Nare. All eight are associated with Colombia’s biggest ce... |
SCC says high energy cost may reduce its profits this year09 August 2005, Published under Cement NewsSiam City Cement Plc (SCCC), the country’s second largest cement maker, concedes that rising energy costs could cut profit growth this year. "We are trying to keep our productivity up," said Chantana Sukumanont, senior executive vice-president. "However, the rising production cost mainly derived from the skyrocketing oil price increase, has made it difficult for us to sustain our profit growth at a high level." Ms Chantana said rising production costs had already caused a decline i... |
Siam Cement boss upbeat, Thailand09 August 2005, Published under Cement NewsKan Trakulhoon, president of Siam Cement Plc, the country’s largest industrial conglomerate, has forecast a slight upturn in the economy during the remaining period of this year. Siam Cement is the industrial leader in cement, paper and petrochemicals. Kan said infrastructure investments, especially at local-community level but financed by the central government, had been on the rise since the start of the year and were expected to continue. The industrial sector is also on the verge... |
Shiva plans to restart kiln, mid-August, India09 August 2005, Published under Cement NewsShiva Cement Ltd., has informed BSE that the major shut down of it kiln (June 2005) is going to be restarted on August 16 with major modifications. The company expects improvement in production and efficiency following the modifications. |
Eurocement Group produce 1.5Mt, Ukraine09 August 2005, Published under Cement NewsUkrainian plants of Eurocement Group produced 1.5Mt of cement in Jan-July 2005, up eight per cent from the figure posted in the same period 2004, the company’s press service reported. |
Cimsa to open US$30m cement plant 2005, Turkey09 August 2005, Published under Cement NewsTurkish cement producer Cimsa will put into operation a US$30m (EUR24.3m) cement plant in 2005. The plant, located in Kayseri, central Turkey, will have a capacity of 1800tpd utilising low fuel and electricity costs. Cimsa targets TRL280m (US$212.4m) in turnover, including exports of US$60m, for 2005. The company targets 2.75Mt of cement and clinker sales in 2005. Of these, 35% are projected to be sold abroad. Cimsa ready mix concrete sales are seen at 1.2Mm3 this year. The company ... |
Indonesian cement demand growth likely to ease?08 August 2005, Published under Cement NewsInflationary pressures from higher energy prices and a weakening rupiah, in addition to a delay in major infrastructure projects, may result in this year’s growth in domestic cement demand being far below last year’s eight per cent, PT Indocement Tunggal Prakarsa said. The company reported that higher energy prices would likely force the company to raise its prices to cope with increasing production costs. Indocement finance director Christian Kartawijaya told local reporters on Thursd... |