Cement News tagged under: international
Yanbu Cement Co Q105 net profit at US$28.1m25 April 2005, Published under Cement NewsSaudi cement producer Yanbu Cement Company (YCC) posted a net profit of SAR105.2m (US$28.1m) for the first quarter of 2005, slightly up from SAR104.9m (US$28m) in the year-ago period. The company registered a 3.1 per cent YoY sales rise to SAR194.6m (US$51.9m) in the first three months of 2005. Gross profit grew two per cent to SAR111m (US$29.6m) for January to March 2005. YCC’s total assets stood at SAR1.922bn (US$513m) at end-March 2005. |
Jaypee cement targets 10Mt output by 200725 April 2005, Published under Cement NewsALLAHABAD, Apr 23: Jaypee cement is targetting a total output of 10Mt with its new plant in Himanchal Pradesh expected to commence production in 2007. President (marketing) B P S Kwatra said work on the new 3Mt capacity plant, set up 78km from Shimla at an estimated cost of about Rs 1,200 crore, was progressing fast. At present, Jaypee produces 7Mt cement at its five plants — three located in Madhya Pradesh and two in Uttar Pradesh. "Our production growth outpaced the national gr... |
Raysut Cement Co net profit increases, Oman25 April 2005, Published under Cement NewsOman’s cement producer Raysut Cement Co achieved a net profit of OMR2.283m (US$5.9m) in the first quarter of 2005, compared to OMR1.382m (US$3.6m) in the same period of 2004, Oman’s bourse Muscat Securities Market (MSM) reported. Net profit margin improved to 36 per cent between January and March 2005, compared to 31 per cent in the year-ago period. Works on the project for setting up a third production line at the company’s cement plant in Salalah, southern Oman, are going six weeks... |
Commerce Ministry Monitoring Cement Price, Saudi Arabia25 April 2005, Published under Cement NewsIn its continued efforts at monitoring the availability of products in the market and their prices, the Ministry of Commerce has noticed the increase in the price of cement. The ministry attributed the price rise to an increase in demand and a limited number of truck owners taking advantage of the situation by selling cement at higher prices. Deputy director of internal commerce at the ministry, Abdullah Al-Homudi, announced yesterday that the ministry is following up on the issue and that i... |
CEMEX’s First Quarter 200522 April 2005, Published under Cement NewsCEMEX announced today that its consolidated net sales for the first quarter of 2005 were US$2.6 billion, 43 per cent higher than in the same period of 2004. Consolidated results for first quarter 2005 include one-month results of RMC ending March 31, 2005. Results for first quarter 2004 do not include results of RMC. Excluding the effect of the consolidation of RMC, net sales grew 8% to US$1,956 million. During the quarter, all of our pre-RMC markets experienced increased sales, with the exc... |
TXI announces cement plant expansion22 April 2005, Published under Cement NewsTexas Industries, Inc. plans to add at least 600 temporary workers as part of a $350-million expansion and modernization of its Oro Grande cement plant, officials said Thursday. The additional workforce will remain during the two or three-year construction project, said Frank Sheets, communications and government affairs manager for TXI in California. But once the modernization and expansion are completed, Sheets added, there will be an expected reduction in the approximately 300 employees... |
Jordanian-Kuwaiti possible plant investment22 April 2005, Published under Cement NewsAccording to Jordan Times, the Jordanian-Kuwaiti Holding Company (JKHC) will set up a $200 million cement factory in Jordan, the firm’s CEO announced. The project is the first for JKHC in Jordan and, according to CEO Reem Badran, will be followed by other schemes in industrial, tourism, electricity, gas, water and infrastructure spheres. The decision to build the factory was based on a feasibility study that showed a fast growing demand for cement which is found in abundance in the southern a... |
ENCI, trade unions reach agreement22 April 2005, Published under Cement NewsThe management of Dutch cement factory ENCI in Maastricht, southern Netherlands, and trade unions reached an agreement on a social plan for the company’s redundant employees on April 20, 2005, the trade union De Unie said. Under the social plan, employees at the age of 58 years and older will receive a compensation, sloping from 80 pct to 75 pct of their salary until they reach the retirement age of 62 years. During a period of between nine and 18 months, the remaining employees will be help... |
Melon to set up new plant22 April 2005, Published under Cement NewsChile’s leading cement producer Melon, controlled by Lafarge, plans to build a new grinding plant in the southern Chilean port Puerto Montt, it was reported on April 20, 2005. The plant, which is part of Melon’s strategy to expand its production and distribution operations in the southern part of the country and to cut the company’s costs, will require an investment of $20m The new cement complex will have a capacity of 300,000 tonnes per year. The project is expected to be completed in thr... |
Gujarat 3Q growth flat on demand, India21 April 2005, Published under Cement NewsGujarat Ambuja Cements Ltd India’s third largest cement maker reported a marginal drop in its fiscal third quarter net profit due to flat cement prices and higher costs. Gujarat Ambuja’s net profit in the January-March quarter was down to INR1.43bn (US$32m) from INR1.45 bn in the same quarter a year ago. Revenue in the period rose 14 per cent YoY to INR6.75 bn. Gujarat Ambuja said its third quarter net profit in the previous fiscal year was higher as it included an exceptional gain o... |