Cement News tagged under: international
Akmenes Cementas H119 July 2005, Published under Cement NewsAkmenes Cementas, Lithuania’s only producer of cement, earned 2.7 per cent more income in the first six months of this year than it did the year ago - 47.2m litas (EUR 13.6m). In June, the company had sales of 15.17m litas (EUR 4.5m). The monthly sales went up 22 per cent compared with June of 2004. ”In summer, export contracts were justified, besides, we recovered positions in the domestic market” Arturas Zaremba, the managing director of the cement company, told ELTA. Zaremba stated... |
Rinker points to US growth and price hikes18 July 2005, Published under Cement NewsShares of Rinker Group Ltd., Australia’s largest building materials maker, had their biggest gain in a year after the company said first-quarter profit surged and increased its US earnings forecast for the second time. The stock jumped 6.4 percent after Sydney-based Rinker today said net income rose 62 per cent to A$181 million in the three months ended June 30, up from A$112 million a year earlier. Earnings before interest and tax in the US, which accounts for four-fifths of profit, will ri... |
China’s output of cement in May 200518 July 2005, Published under Cement NewsChina produced 92,856,100t of cement in May 2005. The output in January-May reached 359,218,100t, up 6.1 per cent year on year, according to the National Bureau of Statistics. In April the country produced 87,620,800t of cement. |
New cement company for Saudi Arabia18 July 2005, Published under Cement NewsSaudi Arabia’s Ministry of Trade and Industry has approved the establishment of a 550 mln Saudi riyal (US$146.7m) cement company, it was reported on July 12, 2005. The company is called Medina Cement Co and will build a plant in al-Washm area, 135 km northwest of the capital Riyadh, according the company’s deputy board chairman, Ahmad bin Amr Abdul Latif. The plant, which is expected to start operations in the first half of 2007 will initially have an annual capacity of 2Mta. |
Peru’s June cement sales rise18 July 2005, Published under Cement NewsPeru’s overall cement sales in June rose 7.1 per cent to 385,900t from the 360,311t sold in the same month a year before, as the economy continued to expand, the National Association of Cement Producers, or Asocem, said Friday. In the first six months of the year, cement sales totaled 2,326,161t, a 4.4 per cent increase from the same period a year earlier. Cementos Lima SA led the sales in June, selling 191,145t of cement, which includes 53,797t for export, the association said. |
Industry misinformed about Mexican cement antidumping15 July 2005, Published under Cement NewsJoe Dorn, a Washington-based attorney representing the Southern Tier Cement Committee accuses Mexicans of double standards: "The bottom line is, Cemex cannot have it both ways," "The Mexican cement giant should not be allowed to illegally dump cement into the southern United States while at the same time protecting its home market by forcing the Mexican government to reject any imported cement bound for Mexico." The Mexican cement oligopoly, led by Cemex, has virtual veto power over the... |
Holcim Shutdown ’No Threat to Supply’15 July 2005, Published under Cement NewsThe planned shutdown of a cement production line by Holcim South Africa, at the end of the year was unlikely to affect supply in Gauteng, the group said yesterday. The disclosure by Holcim follows a warning that supply in the province "should tighten" as Holcim shuts down one of its kilns for three months. Analysts says "this is worrying", as domestic demand for cement is still growing strongly, albeit at a slower pace, with the market having grown almost 11 per cent in the first half ... |
ACC sells refractory units14 July 2005, Published under Cement NewsAs part of its strategic plan to exit non-cement businesses, ACC on Wednesday reached an agreement with ICICI Venture Funds to sell off its refractory business in what is possibly the largest 100 per cent buyout by a private equity fund in India. ACC chairman Tarun Das told shareholders at the company’s annual general meeting that ACC-which is now controlled by the Holcim-Gujarat Ambuja Cements combine-would stay focused on cement and concrete, and non-core businesses would not form part of... |
Bank signs with Pioneer Cement14 July 2005, Published under Cement NewsA Memorandum of Understanding (MoU) was signed between the Bank of Punjab (BoP) and Pioneer Cement Limited, Pakistan, under which the bank would act as the company’s main banker and handle its cash management and operative accounts for its operations within Pakistan involving collection of sale proceeds at major cities. According to a BoP’s spokesman here on Tuesday, the MoU was inked by Javed Ali Khan, Managing Director and Chief Executive Officer (CEO) of Pioneer Cement Limited, and H... |
James Hardie explain Chile exit14 July 2005, Published under Cement NewsThe Australian firm James Hardie’s surprising departure from the Chilean fibre-cement sector - it has sold its assets to Compania Industrial El Volcan - linked to the Matte family - can be explained by its global strategy. As shareholders have been informed, James Hardie sees better opportunities in Pacific Asia, Europe and North America and, as the Chief Executive Officer (CEO) Louis Gries says, the firm is getting out at a good price and expects the company taking over to do well. The Austr... |