Cement News tagged under: international
Martin Marietta boosts volumes and prices03 August 2005, Published under Cement NewsMartin Marietta, the second largest US aggregates supplier, increased first half turnover by 16.9 per cent to US$938.3m, with the EBITDA advancing by 29.3 per cent to US$184.2m. The aggregates division accounted for 92.5 per cent of turnover, with the remainder coming from magnesia products. Total aggregates shipments during the period were 8.3 per cenet higher at 87.2Mt (Mst), with underlying volumes 7.6 per cent higher and average prices being up by 7.2 per cent. Martin Marietta remains po... |
Portugal Secil to invest more in Lobito02 August 2005, Published under Cement NewsPortuguese cement producer Secil will invest some Euro 50m in the construction of a cement plant located in the port city of Lobito, northwestern Angola, it was reported on July 30, 2005. The plant is projected to start operations in 2008. Its initial output capacity will be for the production of 400,000tpa. Secil will control 51 per cent of the new plant in Angola leaving the remaining 49 pct open for the Angolan Government. Secil operates in Angola via its unit TechnoSecil. TechnoSecil 20... |
Saudi Tabuk Cement to raise annual capacity02 August 2005, Published under Cement NewsSaudi cement producer Tabuk Cement Company (TCC) will increase its annual cement production by some 31 per cent after the company starts utilising its expanded facilities on August 10, 2005, the Saudi Stock Exchange reported on August 1, 2005. The expansion will allow TCC to produce a total 1.7Mt of cement a year, up from an annual production of 1.3Mta prior to the expansion, the stock exchange added. |
Turkey speeds Uzan Cement sales02 August 2005, Published under Cement NewsThe Turkish Saving Deposits Insurance Fund (TMSF) announced tenders for the sale of nine cement factories, seized from the controversial Uzan family, for a total estimated price of $433m. According to the tender invitations published on July 31, 2005 in the Official Gazette, the tenders for the sale of the nine factories, which combined meet 12 per cent of Turkey’s cement and clinker demand, would take place in October 2005. The estimated price of Trabzon Cimento is $50m of Van Ciment... |
Gujarat Ambuja expects high profit growth02 August 2005, Published under Cement NewsGujarat Ambuja Cements Ltd (GACL) expects a topline growth of 20 per cent and a bottomline growth of 30 per cent for the current fiscal, said Anil Singhvi, Executive Director of the company. For the cement industry as a whole, Singhvi expects a price increase of 6-7 per cent and a volume increase of 8-9 per cent. This would translate into a growth of 15 per cent for the industry, he said. Gujarat Ambuja Cements Ltd has a capital expenditure plan of over Rs 240 crore for the current fiscal... |
Efficiency of China’s cement industry slumps02 August 2005, Published under Cement NewsChina’s output of cement reached 456Mt in the first half, rising 7.4 per cent year on year, but 10 per cent lower than the growth in the same period last year. Output value of large cement enterprises declined 17 per cent as compared with the same period of last year. The cement industry realized 1.75 billion RMB yuan of profits in the first half, a decrease of 76.5 per cent year on year, according to the State Development and Reform Commission (SDRC). Loss-making enterprises of ceme... |
Rinker looks good with TXI in the frame01 August 2005, Published under Cement NewsRinker Group’s already bullish outlook in the United States was given a major boost on the weekend after the US Senate passed a US$286.5 billion six-year highway construction bill. Representing a 31 per cent increase in spending on the previous Transportation Equity Act, the passage of the bill also ends two years of bickering over the costing of the package. President Bush said the "legislation will help provide the funding needed to carry out overdue work on critical highway and transport... |
Hanson in the spotlight as consolidation gathers pace01 August 2005, Published under Cement NewsThe current takeover activity in the heavy building materials and aggregates sector has once again put the spotlight on Hanson PLC and investors will be keen to hear the company’s comments on the latest round of consolidation when it reports its interim results next Wednesday. Saint-Gobain SA’s approach for plasterboard group BLB PLC and Spohn Cement’s bid for HeidelbergCement AG have rekindled interest in the sector and some analysts believe it is only a matter of time before Hanson falls t... |
Semen Gresik H1 net up 74 per cent01 August 2005, Published under Cement NewsIndonesia’s largest cement maker PT Semen Gresik reported a 74 per cent year-on-year rise in first half to June net profit to 321. 21bn rupiah on the back of stronger sales and lower interest costs. The company said its sales grew 15.82 per cent in the six months to 3.27 trln rupiah from the year-earlier 2.82 trln. During the first half, Semen Gresik sold 6.68Mt of cement in domestic market, up from 6.23Mt a year ago, and exported 878,530t against 1.06Mt previously. Over the same per... |
Cement testing facilities to be upgraded01 August 2005, Published under Cement NewsTechnology Up-gradation and Skill Development Company (TUSDEC) is planning to upgrade testing and research and development facilities at Cement Research and Development Institute (CRDI) with an objective to ensure the availability of quality raw materials, like cement, for the country’s booming construction industry. In this regard, a meeting was held here to discuss ways to upgrade the facilities at the centre established by State Cement Corporation of Pakistan. The meeting presided over b... |