Cement News tagged under: international
Taiwan’s Asia Cement board approves new China investments, bond issue23 May 2005, Published under Cement NewsAsia Cement Corp said its board has approved new China-bound investments and a plan to issue corporate bonds. A company investment arm will invest US$4.9m in its subsidiary in China’s Hubei province, the company said in a statement. Two other units will invest US$5.13m and US$0.57m respectively in a transport firm in Sichuan province. Separately, the board approved a plan to issue 1.0 bln twd in five-year unsecured bonds, the company added. An Economic Daily News report quoted unidentified co... |
Shree Cement Ltd 10.85 per cent drop23 May 2005, Published under Cement NewsShree Cement Ltd has reported a 10.85 per cent drop in its profit before tax to Rs 18.23 crore. The company has grown net sales by 14.77 per cent in the March quarter despite a difficult operating environment. The company derives an overwhelming majority of its sales from the northern market. However, consumption in several parts of this region was sluggish in the last quarter, largely due to the severe winter. Analysts point out that the company has succeeded in expanding sales in Rajas... |
Adelaide Brighton upbeat20 May 2005, Published under Cement NewsA mining boom would more than compensate for falls in housing construction demand for cement maker Adelaide Brighton in the next few years, chairman Malcolm Kinnaird said yesterday. Mr Kinnaird and managing director Mark Chellew gave upbeat presentations to shareholders at the annual meeting in Adelaide, with the company looking for a 1.7 per cent rise in return on shareholders’ funds to 15 per cent this year. Mr Kinnaird said the lime and cement maker had experienced a drop in first qua... |
China’s cement output growth slowing?20 May 2005, Published under Cement NewsChina produced 179.68Mt of cement in the first quarter, a 1.4 per cent year-on-year increase. The output of clinker added up 122.59Mt in the period, rising by 8.2 per cent over the previous year. The sales of cement were 175.75Mt, only 4.33Mt more than in the same period of 2004, reflecting a gloomy market compared with the figures years ago. The inventory was 40.47Mt by the end of March. The cement industry as a whole achieved 44.8 billion yuan in sales revenue, up 4.4 per cent year o... |
Phuc Son cement plant starts production20 May 2005, Published under Cement NewsPhuc Son Cement Company on Tuesday commissioned the first stage of its cement plant of the same name in the northern province of Hai Duong, Vietnam after ten years of development. The company, a joint venture between Taiwan’s Lucky Cement Group and the local Hai Duong Cement Company on a 90-10 share split, will be operating at 70 per cent to its annual capacity of 1.8Mt, said Vu Ngoc Dung, deputy general director of the company. The US$265m factory will operate at full capacity in th... |
Cement producers in scramble to lift output20 May 2005, Published under Cement NewsThere is no cement shortage in SA, as some have suggested, but there will be one if action is not taken now, Barloworld CEO Tony Phillips said last week. Two of SA’s four big cement makers have already sprung into action, but the other two have yet to say how they will respond to the need for added volume. Growth in demand for cement has continued to outpace forecasts this year, leading PPC - a Barloworld subsidiary and SA’s largest cement maker - to revise its forecast for demand growth t... |
Price war costs cement firms20 May 2005, Published under Cement NewsMalaysian cement companies are expected to suffer losses in the first half of this year because an ongoing price war is affecting margins, sectorial analysts say. “The current price war is worse than the previous one in 1999 in term of both intensity and duration,” a local analyst said. He said in 1999, the price war lasted only about three months while the current price war has lasted for more than six months. “Cement prices after rebates are also at a record low of less than RM100 a ton... |
Romanian cement market estimates19 May 2005, Published under Cement NewsThe Romanian cement market will remain in 2005 at the level registered last year, of Euro 300m, the incremental increase of the market being strictly related to the ROL - EUR exchange rate evolution, say local news sources. "Expressed in euros, the cement market will not exceed this year the level of 300 million euros, considering the ROL - EUR exchange rate evolution. The construction market in 2004 was worth Euro 5.2bn, Euro 300m in the case of cement, which accounts for 5 to 6 per cen... |
Spanish Cement Consumption at 16.04Mt19 May 2005, Published under Cement NewsCement consumption in Spain increased 4.21 per cent year-on-year to 16.04Mt in the first four months of 2005, Spanish Cement Makers Association (OFICEMEN) said on May 18, 2005. The increase resulted from the growth of the construction sector in Spain for the period. In April 2005 alone, cement consumption rose 16.02 per cent year-on-year to 4.53Mt. Cement production in Spain increased by 5.5 per cent year-on-year to 15.4Mt in the first four months of 2005. Spanish cement exports went up ... |
New directors for Ambuja Cement Eastern19 May 2005, Published under Cement NewsAmbuja Cement Eastern Ltd has appointed three new additional directors on its board, following the recent majority acquisition into its holding company Ambuja Cement India Ltd by Holcim. The new directors are Mr Paul Hugentobler, Mr Onne Van der Wiejdec and Mr Ramit Budhraj, said a notice to the stock exchanges issued by the company. The board of directors has accepted the resignations of its members Mr A.L. Kapur, Mr P.B. Kulkarni and Mr Santosh Senapati. It has also approved the extensio... |