Cement News tagged under: international
Lafarge India to add capacity in India26 July 2005, Published under Cement NewsLafarge India is planning to hike its production of portland slag cement (PSC) by 0.4Mta which would take its total installed capacity of PSC and fly-ash based portland pozzolona cement (PPC) to 3.4Mta. With this capacity addition, Lafarge India’s total cement-making capacity in the country would stand at 5.4Mta, spread over Jharkhand and Chhattisgarh, with 3.1Mta being PPC, 1.9Mta being PSC and another 0.4Mta being ordinary Portland cement (OPC). "Since availability of slag has increased as... |
Vicat posts higher 1H turnover26 July 2005, Published under Cement NewsFrench building materials supplier Vicat posted a Euro 858.32m turnover for the first half of 2005, up 7.9 per cent year-on-year, it was reported on July 25, 2005. The company turnover generated in the second quarter of 2005 stood at Euro 519.73m versus Euro 448.2m for the same period of 2004. At Vicat’s annual shareholders’ meeting, held on June 2, 2005, the shareholders approved the company accounts for 2004, including a total of Euro 149m investments carried out by Vicat during the y... |
GCC set to spend on three new plants26 July 2005, Published under Cement NewsMexican cement firm Grupo Cementos de Chihuahua (GCC) is ready to invest US$250m in three new plants, one of which will be in the US while the other two will be in Ciudad Juárez, Chihuahua state, newspaper El Financiero reported. GCC will shell out US$220m on a new plant in Pueblo, Colorado, with planned annual production capacity of 1Mta of cement. It will be operating by 2007 and the company will make the first US$50m investment in construction this year, the paper quoted administration an... |
Azores Cement Sales Down26 July 2005, Published under Cement NewsCement sales in Portugal’s autonomous region of the Azores Islands registered a 2.7 per cent year-on-year decrease to a total 27,382t in May 2005, data from the Azores regional statistics office SREA showed on July 22, 2005. In comparison, sales of cement in the region totalled 28,937t in May 2004, SREA added. Cement sales on the Azores Islands amounted to 134,297 tonnes in the five-month period January to May 2005, down from 137,639 tonnes in the same period a year ago. On the other ha... |
Sale of TPI shares await court approval26 July 2005, Published under Cement NewsThe planned e-auction of TPI Polene Plc’s 250 million shares may be derailed if the court approves Prachai Leophairatana’s latest attempt to regain control over the country’s third largest cement maker, the Bangkok Post reports. Mr Prachai, who is TPI Polene’s rehabilitation plan administrator as well as the founder of parent Thai Petrochemical Industry Plc, filed a petition to the Central Bankruptcy Court last week asking for permission to buy 249 million shares of TPI Polene or around 31 ... |
Cement demand in south up 22% in Q125 July 2005, Published under Cement NewsAfter being in the dumps for long, the south is finally showing signs of a strong revival. Cement consumption in the southern region picked up momentum during the first quarter, growing by a breathtaking 22.2% year-on-year, which is almost double the industry average. Andhra Pradesh has come out on top in cement consumption, which grew by 33% to 2.4 lakh tonne. Tamil Nadu, Kerala and Karnataka recorded growth of 23%, 21% and 16.6%, respectively, for the first quarter. Total industry disp... |
Gulf Cement Co first-half profit more than doubles25 July 2005, Published under Cement NewsGulf Cement Co said its half-year profit more than doubled to KWD18.4m (US$63m) from KWD7.6m in the same period of 2004. A statement posted on the Kuwaiti stock exchange Web site shortly before the market closed said earnings per share rose to 58 fils from 24 fils. There are 1,000 fils per dinar. The company did not give a reason for the profit increase or specify which measure was used for the headline figure, but said KWD4.1m of it represented unrealised profits which would only be... |
Nordic investment bank to help fund Vietnamese cement plant25 July 2005, Published under Cement NewsThe Vietnamese government has permitted the Ministry of Finance to borrow EUR30m (US$36.4m) from the Nordic Investment Bank to build the Ha Long Cement Plant. The plant, whose investment owner is the Da River Construction Corporation, will be built in Hoanh Bo district, northern Quang Ninh province. It will have a capacity of 200,000 tonnes a year, of which 70 per cent will be sold in the domestic market Meanwhile, work will start on nine projects at the Chu Lai Open Economic Zone in the... |
IFC arranges US$105m for CCC upgrades25 July 2005, Published under Cement NewsThe International Finance Corporation (IFC) has arranged a US$105mn financial package for cement holding TCL Group to carry out modernization and expansion works at Jamaican subsidiary Caribbean Cement (CCC), the IFC announced. "This is part of our overall strategic plan to expand capacity, lower costs and introduce new products," TCL investor relations and corporate communications manager Alan Nobie told BNamericas. The IFC will provide TCL with a US$35mn loan and has helped to raise... |
CRH to buy Quester building materials chain25 July 2005, Published under Cement NewsThe Quester family signed an agreement to sell building materials retail chain Quester Baustoffhandel GmbH to Irish cement and construction materials group CRH on July 22, 2005. No financial details were revealed. The deal is subject to anti-trust approval. Quester will likely be in charge of CRH business in central and eastern Europe and the planned market entry in Slovakia, the Czech Republic, Slovenia and Hungary. CRH will keep Quester’s brand and Stefan Marolt will remain CEO. T... |