Cement News tagged under: international
Cement factory paralysed, prices rise , Mozambique11 April 2005, Published under Cement NewsSouthern Mozambique is running out of cement, and, given the completely unregulated nature of the market, the price of cement has risen sharply, reports Friday’s issue of the Beira daily, "Diario de Mocambique". The problem is that a major breakdown occurred about a month ago in the cement factory in the city of Matola, which normally supplies the whole southern third of the country. According to Daniel Fumo, chairman of the National Engineering Laboratory (LEN), a specialist body of the ... |
FIs to sell one-third of ACC stake in open offer08 April 2005, Published under Cement NewsWith the Holcim open offer for ACC coming to a close on Monday, shares have started trickling in. Domestic institutional investors are set to tender around one-third of their shareholding in the open offer, while a large number of the 42,000-odd minority shareholders, owning around nine per cent of the ACC shares are also likely to participate, sources familiar with the matter said. Sources close to the offer expect around 25 per cent of shares to be tendered. Holcim, through its joint vent... |
Portugal and Brazil depress Cimpor’s results08 April 2005, Published under Cement NewsTurnover at Cimpor edged ahead by 0.3 per cent to €1,365.6m in 2004 on a global cement volume 1.9 per cent higher at 18.64Mt. The operating profit at the EBITDA level, however, declined by 10.5 per cent to €458.7m, but thanks to a reduction in net financial charges from €35.5m to €6.5m, the running profit fell by just 4.6 per cent to €241.7m. The gearing level, however, remained high at €1,229.4m, at which level it corresponds to 126.7 per cent of shareholders’ funds. In the downstream op... |
Federal Antimonopoly Service and Eurocement08 April 2005, Published under Cement NewsThe Federal Antimonopoly Service (FAS) did not hinder the deal for acquisition of cement assets of Inteco by Eurocement Group. The FAS approved this acquisition and did not set any behavior conditions for Eurocement Group. Eurocement Group controls cement plants in six regions with the aggregate output of 11.3 million tons of cement per year (according to company’s data for 2004). The group is controlled by Filaret Galchev and his partners. After the deal with Inteco Eurocement will acquire... |
INC returns to profit08 April 2005, Published under Cement NewsParaguay’s state cement company Industria Nacional del Cemento (INC) posted a US$232,000 net profit in 2004, after closing six years in the red, newspaper La Nacion quoted company head Amlcar Troche as saying. Last year’s result was helped by a drop in cement and clinker production costs, based on the purchase of lower cost supplies, raw material and replacement parts, said the report. The INC is Paraguay’s sole cement producer and has installed capacity of some 675,000tpa. The company pla... |
Indonesia’s Semen Padang targets higher profits08 April 2005, Published under Cement NewsCement producer PT Semen Padang, a wholly-owned unit of state-run PT Semen Gresik, said it expects its net profit to rise to 109 bln rupiah this year from last year’s 62 bln on the back of higher production and following the management’s settlement of a dispute with workers. Semen Padang said in a published statement that it aims to raise its cement output by six per cent this year to 5.2Mt from 4.95Mt in 2004. "The management of Padang)is optimistic that the 2005 targets can be achieve... |
Saudi Arabian Cement, Italcementi Enter Cooperation08 April 2005, Published under Cement NewsSaudi cement producer Arabian Cement Company (ACC) signed on April 5, 2005 a cooperation agreement with Italian cement manufacturer Italcementi Group, local media reported on April 6, 2005. The agreement comes as part of ACC’s strategy for expansion in the region. Under the agreement, the two companies will jointly carry out a study on the construction of a new cement plant in Saudi Arabia. |
Concrete prices fall in wake of cheaper cement07 April 2005, Published under Cement NewsThe Cement & Concrete Association Malaysia (CCAM) confirmed that a price war is under way in the industry, but said cement prices have dropped only in certain areas. Association president Othman Abdul Rani told Business Times that the CCAM has no say over its members’ pricing policy. "Some of our members in Peninsular Malaysia have their strategy in capturing market share and this is not openly discussed when we meet up as an association," the chairman said in a telephone interview from Sa... |
Argentina cement output up07 April 2005, Published under Cement NewsArgentina’s Portland cement output increased 5.7 per cent year-on-year in March 2005, to 564,393t, the association of Portland cement producers said on April 6, 2005. Cement production in Argentina increased 9.6 per cent month-on-month in March 2005. Cement sales on the domestic market, including imports, increased 6.3 per cent year-on-year and 8.8 per cent month-on-month to 553,600t. Argentina’s cement sales increased 12.8 per cent year-on-year in February 2005, to 514,759t, the association... |
Cement demand increases during Jan-March06 April 2005, Published under Cement NewsPakistani cement demand increased by 12 per cent in the country during third quarter of the current financial year as it stood at 3.9Mt compared to 3.5Mt in the same period last fiscal. The data released by All Pakistan Cement Manufacturers Association (APCMA) said the cement exports rose nine per cent during January-March quarter on year on year basis but the growth shrank to six percent in during the third quarter at 308,269t compared to the same period of 2003-04. The demand from the l... |