Cement News tagged under: international
INC surpasses 2004 earnings06 June 2005, Published under Cement NewsParaguay’s state-owned cement maker Industria Nacional del Cemento (INC) posted earnings of 3.42bn guaranís (US$548,296) at end-April this year, far surpassing the nearly 1.5bn guaranís in the whole of 2004. This year will be one of the most profitable on record, thanks to higher clinker and cement production, local newspaper La Nació quoted INC head Amícar Troche as saying. The company is in a position to export excess stock and has the lowest prices in South America, Troche said. IN... |
Garadagh taxation questions06 June 2005, Published under Cement NewsGaradagh Cement does not accepts claims of Ministry of Taxes of Azerbaijan, however, it is ready for dialogue with it on this issue. As Garadagh Cement spokesman Uwe Koehler has stated, on 25 May he received results of inspection, implemented by the MT at Garadagh Cement. "The tax employees, which conducted the inspection asked questions of amortisation of capital assets, payments of rates of interest on credit granted with the head company (Holcim), but also to such strange items as e... |
Boral eyeing Cemex stake in Gresik06 June 2005, Published under Cement NewsAustrialia’s Boral Ltd is among the potential foreign investors looking at acquiring Mexican cement maker Cemex SA’s 25.53 per cent stake in Indonesia’s largest cement company PT Semen Gresik, Kompas daily reported, citing a legislator. Kompas quoted Khofifa Indar Parawansa, who chairs the Lower House of Parliament (DPR)’s Commission V, as saying that Cemex has agreed to sell its stake in Gresik and that in return the government will allow Cemex to build new plants in West Java. "That’s ... |
US construction group calls for action06 June 2005, Published under Cement NewsThe Associated General Contractors of America has called on the country’s commerce secretary to intervene in what it called an increasingly dire supply for cement in the United States before major economic disruptions occur. In calling for Carlos M. Gutierrez to take action, AGC said it has received reports in the last week from contractors and concrete suppliers documenting quotas, delays and possible layoffs due to cement shortages in Florida, Washington, Oregon, Idaho, Nevada, Utah, Wyomi... |
BSP to forge JV for cement06 June 2005, Published under Cement NewsBokaro Steel, India, has decided to forge 50:50 joint ventures for setting up cement and power plants here at a total investment of Rs 2,800 crore. The company, the first among SAIL plants to foray into the cement sector, would soon invite expression of interest from cement majors for setting up a plant at a cost of around Rs 350 crore. Announcing this here on Friday, BSP managing director U P Singh told newspersons that the plant would have an initial capacity of 1Mta and would be expanded l... |
TPI to auction stake in cement unit?03 June 2005, Published under Cement NewsThai Petrochemical Industry (TPI) may sell its 30-per cent stake in cement maker TPI Polene PCL by auction, a source at TPI’s debt administrator said. The plan was one of two options and the government-appointed management team would make decision on how to sell the TPI Polene stake on June 7, the source, who declined to be identified, told Reuters. "It is possible they will decide to open an auction on the TPI Polene stake because it is fast and transparent process," the source said.... |
CSN to install cement plant in Rio de Janeiro, Brazil03 June 2005, Published under Cement NewsThe chairman of the Brazilian steel manufacturer CSN (Companhia Siderurgica Nacional), Benjamin Steinbruch, said that the construction project of the Rio de Janeiro cement plant is completed and may involve the initial production of 1.5Mta. The company aims to use blast furnace slag and limestone as raw materials to cement production. Meanwhile CSN intends to start iron ore exports by 2006 or 2007 after the expansion of the mine Casa de Pedra is completed. However the company is appealing the... |
Indian shipments rise03 June 2005, Published under Cement NewsAssociated Cement Companies Ltd, India’s second-biggest cement maker, said its May shipments rose eight per cent from a year ago to 1.52Mt. The Bombay-based company said production totalled 1.57Mt, up 12 percent on year. Meanwhile, Aditya Birla group, said its May shipments rose 14.2 percent on a year before to 2.48Mt. Cement production was up 14 percent at 2.52Mt. |
Sabanci Holding plans US$150m cement factory, Romania03 June 2005, Published under Cement NewsTurkish conglomerate Sabanci Holding is interested in developing a $150m cement factory in Romania, government officials said on Thursday. The plant would produce 1Mta, Romania’s economy ministry said in a statement. Sabanci Holding also showed interest in future deals, including the import and export of electricity and the construction of an undersea power link between Romania and Turkey. Sabanci Holding is one of the two largest industrial and financial conglomerates in Turkey. It has... |
Saudi Q1 2005 cement output reaches 6.456Mt03 June 2005, Published under Cement NewsThe cement output of Saudi Arabia’s eight listed cement companies rose to 6.456Mt for the first three months of 2005 from 6.169Mt in the corresponding period of 2004, recent statistics showed. Cement exports increased to 457,000t from 398,000t, as only three of the eight companies exported cement during the period. Clinker exports registered a drop to 51,000t from 75,000t. |