Cement News tagged under: international
Italcementi forms joint venture with Arabian Cement Company06 May 2005, Published under Cement NewsItalcementi’s first quarter results were hit by the adverse March weather in Europe and turnover declined by 1.6% to EUR 990.2m, with the EBITDA falling by 14.2% to EUR 166.5m. Exception for Belgium, Thailand and parts of Italy, cement prices have moved ahead in all main markets. With Ciments Français reported a virtually static turnover of EUR 667.7m, though 1.2% higher on a comparable basis, suggests that turnover in Italy fell by around 5.0% to some EUR 990m. Using the same basis for the... |
New foreign-invested plant to start operation in northern Vietnam06 May 2005, Published under Cement NewsThe Taiwanese-bankrolled US$265m Phuc Son Cement Factory in Hai Duong province, about 50km south of Hanoi, is said to have officially begun operations on May 5 following years of delays since construction began in 1996. The factory will help ease Vietnam’s reliance on imported cement and stabilise domestic cement prices, experts said. The factory will supply the market with 1.8Mta of cement, helping satisfy the country’s burgeoning demand for the product, which is expected to ri... |
Egyptian Gazelle Ltd Co acquires 20.63% in South Valley Cement06 May 2005, Published under Cement NewsEgypt’s private company Gazelle Ltd Company has acquired a 20.63 per cent stake of the local cement company South Valley Cement, the Cairo and Alexandria Stock Exchanges said in a statement. Gazelle Ltd Company bought from shareholders in South Valley Cement a total 2,285,322 shares at the price of E£22.6 (US$3.9) per share. The total value of the deal is estimated at E£51.648m (US$8.9m). |
Manufacturers reeling from power tariff hike, Uganda06 May 2005, Published under Cement NewsRecent power tariff increases coupled with unreliable supply may deal heavy industry a body blow, making them more uncompetitive compared to their regional rivals, industry sources have said. The Electricity Regulatory Authority (ERA), following an application by Umeme Limited, last month, announced a 19% increase to sh178.9 a unit for medium users from sh150.3 and to sh71.9 from sh60.4 for heavy users and street lighting. This represented an increase of 24% for the domestic consumers and... |
JCL output capacity badly affected by grinding plant breakdown05 May 2005, Published under Cement NewsBreakdown of a grinding plant at the Javedan Cement last week has adversely affected its production capacity and has brought it down from 2000/1800tpd to about 850/900tpd. Sources said that the repair would take a few more days - "even weeks" - depending upon the availability of accessories needed for the repair of the plant. They said that JCL is an old factory and it grossly suffers from maintenance due to internal bickering among the senior management. The unit was already on the... |
Lucky Cement installs crusher, pre-heater at new unit05 May 2005, Published under Cement NewsThe Lucky Cement on Wednesday started the work to install crusher and pre-heater at its new factory on Super Highway, while the civil work has already got underway. The civil work on the plant is in a substantially advanced stage and after its completion, the plant will be the largest single plant in the southern region. Besides, catering to the demand for cement in Sindh and Balochistan, it will also be able to export substantial quantity of cement to Middle East, Sri Lanka, and other count... |
CRH now ’better positioned’ to handle €0m oil burden05 May 2005, Published under Cement NewsCRH believes it is better positioned now to deal with the continuing high oil price, which added some €50m to its cost base in 2004. Chairman Pat Molloy, speaking at yesterday’s agm in Dublin, said the impact on the business depended on the extent to which it was able to pass on any increase. "So far in 2005 we have had more success in passing cost on," he told shareholders. The group recently increased its cement price in this country by circa 7pc, as did some of the other produ... |
HeidelbergCement sees growth in Eastern Europe and overseas05 May 2005, Published under Cement NewsIn first quarter of 2005, HeidelbergCement’s turnover rose by 0.6 per cent to €1355m, but the EBITDA declined by 5.4 per cent to €85m as unfavourable weather across large parts of Europe in March and a volume loss of some six per cent as a result of Easter falling into the period this year. Group cement and clinker volumes declined by 2.2 per cent to 12.66Mt, though deliveries were ahead in Northern Europe and overseas. Helped by a lower interest charge, the seasonal running loss before t... |
Holcim held back by late winter in Europe04 May 2005, Published under Cement NewsThe first quarter results from Holcim show group turnover 1.1 per cent lower at SwFr2730m (€1,761m) with the operating profit at the EBITDA level declining by 5.2 per cent to SwFr658m (€425m). Excluding exchange rate movements, turnover rose by 2.1 per cent while the EBITDA declined by 1.3 per cent. The lower profitability in the period is entirely related to Europe and Latin America. Cement and clinker deliveries in the three months rose by 1.8 per cent to 22.3Mt and ready-mixed concrete... |
Demand triggers record cement sales04 May 2005, Published under Cement NewsLast year was a record year for South Africa’s cement industry as it rebounded from the virtually stagnant situation that characterised the 1990s. Demand from the region, which includes South Africa, Lesotho, Botswana, Namibia and Swaziland, exceeded 12Mt for the first time, according to the Cement and Concrete Institute. Demand in SA alone jumped a solid 17,4 per cent, to more than 10Mt, compared with 2003. This was the highest rate of growth that leading industry figures had seen in the ce... |