Cement News tagged under: international
Oman Cement H1 net up significantly01 August 2005, Published under Cement NewsMajority state-owned Oman Cement Company said on Sunday net profit grew 25 per cent to 8.2 million rials (US$21.30m) for the first half of 2005, helped by rising cement prices. Oman’s leading cement producer said its sales climbed to 925,078t from 803,204t, and revenues rose 38 per cent to 22.12 million rials. The average selling price rose 27.4 per cent during the first half of 2005, over the same period last year, the firm said. Oman Cement has said it will boost its production capacity b... |
Podilskyi Tsement to switch to coal01 August 2005, Published under Cement NewsThe Podilskyi Tsement company, one of Ukraine’s three biggest producers of cement (Kamianets-Podilskyi, Khmelnytskyi region), intends to fully go over to the use of coal instead of gas fuel before the year of 2008. "At the end of this or the beginning of next year we are planning to start the transfer (to coal)... A German and a Danish companies won tenders for the supply of equipment," a company spokesman said. Preparatory work to install equipment, he added. As Ukrainian News reported, Po... |
TXI Completes spin-Off of Chaparral Steel01 August 2005, Published under Cement NewsTexas Industries, Inc. today announced the completion of the separation of its steel operations from TXI through a pro-rata tax-free dividend of all the common stock of Chaparral Steel Company to TXI shareholders. Common shares of Chaparral Steel Company will trade on the NASDAQ stock exchange. TXI is the largest producer of cement in Texas and a major cement producer in California. TXI is also a major supplier of construction aggregates, ready-mix concrete and concrete products. |
Belgian firm to sue cement makers in Germany01 August 2005, Published under Cement NewsA Belgian firm specialising in damages lawsuits plans to seek about Euro 140m compensation from cement makers Lafarge , Dyckerhoff and Readymix over alleged price-fixing. "We will submit the lawsuit next week to the Duesseldorf district court," Ulrich Classen, chief of Cartel Damage Claims, told Reuters on Friday, confirming a Financial Times Deutschland report. Cartel Damage Claims (CDC) specialises in taking over possible damages claims from companies or individuals who do not have the... |
Project manager accused of graft01 August 2005, Published under Cement NewsAn official in charge of managing the construction of a US$208m cement plant in Vietnam’s northern port city of Hai Phong stands accused of taking bribes to unveil details of bids on the project. Ho The Khien, director of the Administration Board for the Hai Phong Cement Plant, is the target of accusations by Le Van Toan, former deputy director of a local construction firm, for taking over VND1 billion (over US$63,000) from him to reveal bid details. The country’s largest state-run cement pr... |
TCL obtains financing for Caribbean expansion29 July 2005, Published under Cement NewsThe TCL Group is currently strengthening the cement sector of its business by expanding capacity and optimising its plants and has embarked on setting up cement terminals regionally. It is also introducing new products. Earlier this year its subsidiary, Caribbean Cement Company, based in Jamaica rolled out its type 1P cement product Carib Cement Plus, which has a strong Pozzolan base. To expand Caribbean Cement Company’s plant operations, it has acquired from The International Finance Cor... |
Cementir’s first half results boosted by acquisitions29 July 2005, Published under Cement NewsFirst half turnover at Cementir rose by 166.7 per cent to €402.9m, thanks to last October’s acquisitions of Aalborg Portland Cement and Unicon. The EBITDA advanced by 113.84 per cent to €82.8m and the trading profit doubled to €49.4m, while the negative shift in the net interest charge reduce the increase at the running pre-tax profit level to 54.7 per cent at €46.8m. Excluding the acquisitions from FLS, turnover was 5.2 per cent ahead at €159.0m, while the EBITDA declined by 17.1 per cent t... |
China Resources Cement figures down29 July 2005, Published under Cement NewsChina Resources Cement Holdings Ltd said Friday it expects its first-half earnings this year to be "substantially worse" than in the year-earlier period because of high coal prices and a slowdown in demand following the government’s austerity measures. The company didn’t give an estimate of the profit decline. In 2004, it reported first-half net profit of HK$45.2m and full-year earnings of HK$88.7m. It said its business has been affected by tight supply and a marked increase in the pric... |
Indocement 1H improvements29 July 2005, Published under Cement NewsIndonesia’s cement maker PT Indocement Tunggal Prakarsa said Friday it swung to a first half net profit due to an increase in revenue and a decline in foreign exchange losses. It booked IDR307.62 billion in net profit, compared to IDR117.30 billion in losses a year earlier. Its revenue jumped 25 per cent to IDR2.54 trillion. It didn’t give a reason for the increase in revenue, but analysts attributed it to higher cement prices and an increase in sales volume due to rising demand from local... |
German cement leaders to face fixing claims29 July 2005, Published under Cement NewsThree cement makers, Lafarge, Dyckerhoff and Readymix face damage claims by 28 corporate customers amounting to a total of Euro 140m for alleged price fixing, Financial Times Deutschland reports in an advance copy of Friday’s edition. The lawyers’ office, Oppenlaender, will file the charge with a German state court based in Duesseldorf next week, the paper says. |