Cement News tagged under: international
Carib Cement blames wage increase04 May 2005, Published under Cement NewsCaribbean Cement sold 14 per cent more of its products for the first three months of this year than during the comparable period last year, with gross revenue lagging slightly at 11 per cent over the 2003 first quarter. But a steep rise in costs, largely attributable to a new labour agreement, ate away at the gains in revenue and slashed group net profit by $8 million to $154.8 million. For the quarter, the cement manufacturer, whose products have enjoyed a monopoly control of the market ... |
Cement producers post Q1 results04 May 2005, Published under Cement NewsChile’s three cement producers Cemento Polpaico, Empresas Melón and Cementos Bío Bío have submitted separate filings to the country’s securities regulator (SVS) reporting first quarter results. Polpaico led 1Q05 shipments with 366,483t, followed by Meló with 359,511t and Bío Bío at 282,222t. In 2004, Melón held the top spot with 1.39Mt, trailed by Polpaico (1.32Mt) and Bío Bío (1.08Mt). Polpaico (controlled by Holcim) plans to invest US$13m-14m this year, the majority of which will go t... |
Chavez threatens cement firms04 May 2005, Published under Cement NewsVenezuelan President Hugo Chavez threatened cement companies with price regulations if they fail to bring down the prices for their product. "The private sector must lower prices (for cement) or we will have to fix those prices," Chavez said Tuesday during a televised government event. "Venezuelan cement is the most expensive in the world," he said. The president added that a decision by former governments to privatise a state-owned cement company is part of the reason for high prices. ... |
Orascom to double Algeria cement output03 May 2005, Published under Cement NewsEgypt’s Orascom Construction Industries’ (OCI) Algerian subsidiary expects to almost double its cement output by June to meet rising demand, a senior executive said on Monday. "We are now producing 2.2 million tonnes of cement, and we will reach 4.2 million tonnes of cement by June this year," Hocine Nemsi, marketing director of the Algerian Cement Company, told Reuters. There is enormous demand for cement as Algeria’s government, facing a nationwide housing shortage, seeks to meet a targ... |
Semen Cibinong Q1 net loss up 31 per cent03 May 2005, Published under Cement NewsIndonesia’s PT Semen Cibinong said its first quarter to March net loss widened to 138.94 bln rupiah, up 31 per cent from its net loss of 105.67 bln rupiah a year earlier because of higher operating expenses. Semen Cibinong said its first quarter sales rose by 24 pct to 672.75 bln rupiah from 540.82 bln rupiah a year before. The company managed to reduce the cost of goods sold to 15.14 bln rupiah from 15.59 bln rupiah in 2004, but general and administration expenses rose to 62.98 bln rupiah f... |
High interest in Mustehkam Cement03 May 2005, Published under Cement NewsThe Pakistan Privatisation Commission has received 38 expressions of interest (EoI) for 85.29 percent share of Mustehkam Cement Limited (MCL). Minister for Privatisation, Dr Abdul Hafeez Shaikh, declared the results here on Saturday. He said the EoIs reflected investors’ confidence in the government’s economic and privatisation policies. He said that the privatisation program was heading forward satisfactorily and successfully to encourage the private sector for more investment. He said the ... |
Russian cement sales03 May 2005, Published under Cement NewsIn the first three months of 2005, Russian cement enterprises produced 7.8Mt of cement, up 3.0% year-on-year. In the same quarter, the Eurocement Group produced about 1.9Mt of cement, thus matching its 1Q2004 level. Eurocement Group, Russia’s biggest cement holding company, now controls 20 per cent of the Russian and 60 per cent of the Moscow cement market. The group incorporates six cement makers, such as Maltsovsky Portlandcement (the Bryansk region), Mikhailovcement (the Ryazan region)... |
Cartel Office authorises acquisition of Teutonia, Germany29 April 2005, Published under Cement NewsHeidelbergCement obtained authorisation from the Federal Cartel Office to purchase the majority share in the Lower Saxony cement company Teutonia Zementwerk AG, Hanover. The acquisition had already taken place in December 2004, subject to consent of the cartel authorities. A purchase agreement concluded on 10 December 2004 entitled HeidelbergCement to acquire around 76.6% of the ordinary shares and around 13.4% of the preference shares, corresponding to approximately 51.7% of the share c... |
Increased costs impact Cementos Lima’s Q1, Peru29 April 2005, Published under Cement NewsNet sales grew 10.5% to 155m soles and operating profit fell 10.2% to 34.8m soles due to increased operating costs. Increased sales cost offset the revenue gain. In 2004, the company posted a 96.5m sol net profit, up 0.75% from the previous year. In the first quarter, Cementos’ clinker production rose 35.3% to 814,400t and cement output grew 20.5% to 548,200t. In 2004, the company produced 2.3Mt of clinker and 2.16Mt of cement. The company increased its local market share to 41.... |
Cemento Argos Q1 profit jumps 201%, Colombia29 April 2005, Published under Cement NewsColombia’s largest cement producer Cemento Argos posted a COP130bn (US$55.6m) net profit in the first quarter of this year, up 201% from 1Q04, the company said. The improvement was due to increased revenue from associated cement companies and higher dividend payments from non-cement companies that are part of the investment portfolio, Argos said. The growth in revenue from associated companies is a result of greater cement, concrete and lime sales, in particular proceeds from the sal... |