Cement News tagged under: international
Indocement sees better sales12 May 2005, Published under Cement NewsIndonesia’s second-largest cement maker, PT Indocement Tunggal Prakarsa Tbk , said it expects better operating results this year, though rising interest and mortgage rates could dent housing demand. "Operating results would be better than last year for the reason that we are going to sell more," President Director Daniel Lavalle said in an interview, adding the company planned to raise prices to compensate for higher production costs. He declined to give a specific profit forecast. ... |
Higher demand pushes Holcim Romania Q1 turnover12 May 2005, Published under Cement NewsHolcim Romania said on its first-quarter turnover rose 10% YoY as a result of higher demand on the local cement market. The company posted EUR 16m in sales through March, the company said in a statement. Its 2004 turnover reached EUR 130m, up by 30 per cent. Projections for 2005 forecast its growing by some 10 per cent. The cement market was estimated at some EUR 280m last year. Holcim Romania plans to invest EUR 32m in 2005. The company has three cement, three aggregate and 13 concrete pl... |
Eurocement acquires Baltsem, Ukraine12 May 2005, Published under Cement NewsThe Eurocement Group (Moscow), has acquired a controlling stake in the Baltsem plant (Balakliia, Kharkiv region), one of the three major cement producers in the Ukraine. As Ukrainian News earlier reported, Baltsem appointed Eurocement representative Viktor Khludeev to replace Serhii Lytvynenko as its supervisory board chairman. Baltsem, which is registered as open joint-stock company, finished the year 2004 with a loss of UAH 27.3m. Its net revenues increased by 25.1% or UAH 48.773m to UA... |
US$320m cement company to be established in Saudi Najran12 May 2005, Published under Cement NewsAn SAR1.2bn (US$320m) cement company is currently under establishment in Najran, southern Saudi Arabia, local media reported. The company, called Al Rub’a al-Khali Cement, is owned by a group of Saudi investors, who have already received an official licence and are currently completing the necessary procedures to register the company with the country’s Ministry of Trade and Industry. The founders of Al Rub’a al-Khali Cement have set the minimum investment for new shareholders to participate i... |
Increased costs impact Juan Minetti’s Q111 May 2005, Published under Cement NewsArgentina’s second largest cement company Juan Minetti posted a 23m-peso (US$7.97m) consolidated net profit in the first quarter, down 20.1 per cent from 1Q04, Minetti reported to the country’s securities regulator (CNV). Although net sales rose 18.2 per cent to 131m pesos, increased sales and operating costs offset the gain, with operating profit dipping 2.57 per cent to 45.5m pesos. In 2004, Minetti posted a 60.9m-peso consolidated net profit, down 49.6 per cent from the previous yea... |
Growth in gypsum sales expected to moderate11 May 2005, Published under Cement NewsThe gypsum market in Thailand will likely expand at a slower pace this year than in 2004, according to Siam Gypsum Industry (Saraburi) Co, a Franco-Thai joint venture between Lafarge Boral Gypsum in Asia and the Siam Cement Group, the Bangkok Post reports. Due to the sluggish property market, total sales of gypsum in Thailand are projected to increase by only 10-15 per cent this year compared with growth of 22-23 per cent last year. |
UAE Union Cement plans new mills11 May 2005, Published under Cement NewsUAE Ras al-Khaimah cement manufacturer Union Cement is leading talks with international companies over the purchase and installation of new cement mills at its plant in the northern area of the emirate of Ras al-Khaimah, the company’s second vice chairman Abdullah el-Syaah said in early May 2005. The move is a part of the company’s strategy to raise its production capacity in the future, el-Syaah added. As part of the same strategy, the company recently bought and installed a new clinker man... |
Qatar cement shortage11 May 2005, Published under Cement NewsQatar is facing severe shortage of cement supplies. This is hampering several construction projects and delaying projects completion. Ministry of Economy and Commerce announced the setting up of a special panel to study the problem and take steps to resolve the problem. This follows the meeting between businesses and ministry officials. The cement shortage is also compounded by the fact that there is delay in imports due to the rainy season. Minister of Economy and Commerce, Shaikh Mohammad ... |
High oil prices fuel construction growth11 May 2005, Published under Cement NewsHigh oil prices are helping to accelerate the momentum of Bahrain’s construction sector and its rising contribution to GDP is set to continue, says The Nass Group Executive, Sameer Abdulla Nass, whose Bahrain-based operation is involved in numerous major construction projects GCC-wide. “High oil prices have boosted public and private sector confidence region-wide and one of the results has been increased spending on property development and other construction activity, creating a very buoya... |
Yemen to increase cement production11 May 2005, Published under Cement NewsYemen is to increase its cement production to 6Mt by 2007, Minister of Industry and Trade Khaled Rajah Sheikh stated.In his remarks to the press, the minister added that the ministry is currently adopting a plan to move up production of cement to four times the current level in cooperation with concerned authorities. Current cement production covers only 45 per cent of the needs of the local markets, he said. The Military Economic Corporation is working with the Ministry of Industry and T... |