Cement News tagged under: international
Indonesia’s Semen Gresik enjoys 37.7 per cent surge in 2004 Net Profit19 April 2005, Published under Cement NewsState-owned cement maker PT Semen Gresik reported a 37.7 per cent increase in its 2004 net profit to Rp520.6bn(US$55.4m) as compared with the previous year. Company Finance Director Cholil Hasan attributed the surge in net profit mainly to success in reducing cost of fund from Rp403bn in 2003 to Rp238bn. Its loan interest burden declined after repaying and restructuring debts owed by its subsidiary PT Semen Tonasa in South Sulawesi, Cholil said. By the end of 2004, its debt includ... |
Holcim Philippines returns to profit in 2004 on increased exports19 April 2005, Published under Cement NewsHolcim Philippines Inc said it made a net profit of 1. 2bn pesos last year, reversing a loss of 318.7m pesos in 2003, due to higher export sales and cement prices. Return on equity stood at 7.85 per cent. Holcim, formerly known as Union Cement Corp, said the introduction of application-based products also contributed to its profitability. "The year 2004 has been a fruitful but challenging year for Holcim Philippines and the future will continue to be more challenging for the business. Dem... |
Grasim profits seen up19 April 2005, Published under Cement NewsOnly diversified Grasim Industries Ltd., the nation’s top cement group, is expected to report a small rise in fiscal fourth-quarter earnings, up 1.3 per cent at 2.8bn rupees (US$64m), a Reuters poll of 10 analysts showed. This is because unlike most top cement industry players, Grasim operates mainly in the south and west of India, where prices and demand were more robust in the past quarter. The company earns about 45 per cent of its revenues from cement. The remainder of its business... |
Net profit of ACC is estimated to have declined 0.6 per cent to 1.05bn rupees.19 April 2005, Published under Cement NewsShares of cement companies have outperformed a 7 per cent fall in the Bombay share index in the past three-and-half months as investors ignored short term troubles to bet on the sector’s long-term prospects. Gujarat Ambuja trades at a forward price to earnings multiple of about 14, compared with 12 for the main stock index, Reuters Estimates show. "The frontline companies look fully priced at the current level. But long-term demand drivers are strong for the sector," Dey said. |
Eygpt’s Orascom to build cement plant in Indonesia19 April 2005, Published under Cement NewsEgyptian cement maker Orascom Construction Industry plans to build a cement factory in Indonesia, an official said. Orascom plans to build a factory with an annual production capacity of 2.5Mt to cost an estimated Rp3trn (US$319m), Agro and Chemical Industry Director General Benny Wahyudi said. Orascom is still studying three possible locations for the factories Cibadak in West Java, Gombong in Central Java and South Sulawesi. Benny said the production of the company would be dispos... |
Ukranian cement production down by 9.8 per cent to 684,000t In March19 April 2005, Published under Cement NewsIn March, Ukranian cement production fell by 9.8 per cent compared with March 2004, to 684,000t. This was disclosed by the State Statistics Committee. In March, cement production rose by 32.6 per cent compared with February, to 684,000t. In January-March, cement production rose by 7.9 per cent compared with the same period of 2004, to 1,705,000t. As Ukrainian News earlier reported, in February, cement production rose by 12.6 per cnet compared with February 2004, to 515,000 tons. In 2... |
Katavsky Cement’s output up over 2 -fold in Jan-Mar 200519 April 2005, Published under Cement NewsKatavsky Cement’s output went up over 2 -fold in Jan-Mar 2005 versus the same period 2004, in January-March 2005 the plant produced 178,000t of cement. Calibrated products output tripled to 8400t, Eurocement Group’s press service reported. |
Pushka cement plant boosts 1Q2005 production19 April 2005, Published under Cement NewsThe Kramatorsk PUSHKA cement plant (Ukraine) produced 138,400t of cement in the first quarter of 2005. The figure is up 56.6 per cnet YoY. In the meantime, clinker production dropped 12.9 per cent to 84,400t. For the full year, the enterprise targets overall production of 147.3m hryvnias, up 82.6 per cent YoY. Moscow’s INTEKO company recently sold its stake of around 90% in the plant to the Moscow-based Euro Cement group. |
Sumitomo Osaka Cement Co develops Zirconia nanoparticles for displays19 April 2005, Published under Cement NewsSumitomo Osaka Cement Co of Japan has created nanometer-size zirconia granules for anti-glare coatings on displays. The new zirconia granules are only 3 nanometers in diameter but retain the same high 2.19 refractive index of typical zirconia granules. These granules usually have diameters of 120-130 nanometers. But by introducing a new procedure during the process of neutral co-precipitation, the company has developed what it claims is the first method in the world for mass-producing zir... |
Orascom eyes three cement plant Sites18 April 2005, Published under Cement NewsOrascom Construction Industry, a cement manufacturer from Egypt, was assessing three locations to develop a cement plant with the total capacity of 2.5Mta with the total investment of IDR3trn. The Director General of Chemical and Agro Industry of the Industrial Ministry, Benny Wahyudi, said that the locations were in Cibadak (West Java), Semen Gombong (Central Java) and South Sulawesi. "I advise the company to cooperate with local businessmen, especially those who already have licenses... |