Cement News tagged under: international
CIMA hit by higher output cost25 May 2005, Published under Cement NewsMalaysia’s third largest cement producer Cement Industries of Malaysia Bhd (CIMA) suffered a net loss of RM14.89 million for the first quarter of the year, buoyed by an increase in its production cost. CIMA’s preceding year recorded a net profit of RM6.42 million for the same quarter ended March 31 2004. CIMA told Bursa Malaysia Bhd yesterday that the price increase of fuel and coal resulted in higher production cost for the company. It also said the intense price competition among the... |
Electra order from Lafarge Canada25 May 2005, Published under Cement NewsElectra Gold Ltd. has received a purchase order from Lafarge Canada Inc. for 2200t of chalky geyserite for its cement plant located in Richmond, BC. The chalky geyserite must be delivered to Port Hardy FOB on barge. Lafarge is responsible for barging the material from Port Hardy to the Richmond Cement Plant. The estimated date for delivery is May 28, 2005. This purchase order is very good news for Electra and the Richmond, BC operation is the largest primary cement making operation in ... |
Ex-factory price of construction goods steady in China25 May 2005, Published under Cement NewsThe ex-factory prices of construction materials and non-mineral products in March remained the same as in the previous month but decreased by 1.78 per cent on-year. The ex-factory price of cement averaged 225-230 yuan per ton since September 2004, with that in March reaching 227.23 yuan per ton, 0.89 yuan less than in February and 10.16 yuan more year on year. As the price hike of coal has raised electricity production cost, the cement price is unlikely to drop sharply. In the same perio... |
Cemex agrees to sell its Semen Gresik stake, Indonesia24 May 2005, Published under Cement NewsCemex SA has agreed to sell its 25 per cent stake in PT Semen Gresik to settle a long-standing dispute over a failed option to acquire a majority stake in Indonesia’s largest cement maker, Coordinating Minister for Economic Affairs Aburizal Bakrie said. He said that instead of fighting for additional shares, Cemex is now willing to divest its existing stake in Gresik and use the proceeds to invest in new plants. The dispute emerged in 2001 after the government failed to exercise ... |
Govt Approves cement industry’s development plan, Vietnam24 May 2005, Published under Cement NewsThe Vietnam Government has approved a 15-year development plan for Vietnam’s cement industry, leading up to 2020. Under the plan, efforts will focus on increasing cement production in south and central Vietnam, along with the northern mountain provinces. Investment capital will be spent on cement projects with an annual capacity of at least 1Mt of cement, with existing cement units being run at full capacity to meet domestic demand. No funding will be provided for cement pl... |
US$150m cement plant in Leningrad Region on the cards, Russia24 May 2005, Published under Cement NewsSt Petersburg-based construction company LSR Group is considering an option to build a cement plant worth between US$100m and $150m in Russia’s Leningrad Region jointly with one of the world’s largest producers, the group’s First Vice President Igor Levit told reporters Monday. "At the moment we are in talks with the largest cement producers," Levit said without specifying any particular company. The talks are to be completed by the end of 2005, he said. The plant’s constru... |
Higher cement volumes in 2Q05, Latin America24 May 2005, Published under Cement NewsStandard & Poor’s (S&P) expects higher cement sales volumes in the second quarter this year over Q1, supported by increased activity in the housing and infrastructure sectors, S&P said in part of its industry report card for Latin America. In Argentina, S&P expects continued sector recovery through this year, although at a lessened pace than in 2004, due to continued public works and private development of the residential construction sector. At the same time, cement demand in Brazil... |
Mykolaivtsement increases Production by 30% in April, Ukraine24 May 2005, Published under Cement NewsIn April, the Mykolaivtsement company (Mykolaiv, Lviv region) increased cement production by 30% or 25,900t compared with April 2004, to 112,100 tons. According to a statement by the Ukrtsement association, in April the company increased clinker production by 31.1% or 21,100t compared with April 2004, to 88,900t. Meanwhile, Volyntsement company (Zdolbuniv, Rivne region) increased cement production by 23.4% or 22,600t compared with the same period of 2004, to 119,200t. The company inc... |
Russian antitrust regulator probes Eurocement Group24 May 2005, Published under Cement NewsRussia’ Federal Antimonopoly Service (FAS) has reportedly initiated a case against Eurocement Group, FAS’ress service said Monday. The probe was prompted by requests from various construction companies. According to its clients, Eurocement Group has recently announced that it was raising prices for cement by 20% but actually increased them by 50-70%. Currently, Eurocement Group controls nine cement plants across Russia, mostly in the more populated European part of it. No informa... |
Indonesia April cement consumption up 6.9% YoY23 May 2005, Published under Cement NewsIndonesia’s cement consumption, an indicator of economic activity, rose 6.9 per cent by volume in April from a year earlier, the country’s largest cement maker said. State-controlled PT Semen Gresik Tbk , 25.5 percent owned by Mexican cement giant Cemex SA , said Southeast Asia’s largest economy used 2.37 million tonnes of the building material last month, up from 2.22Mt a year before. Domestic sales of Semen Gresik alone rose 9.1 percent to 1.06Mt. Including exports, total Gresik ... |