Cement News tagged under: international
Anhui Conch looks for expansion31 March 2005, Published under Cement NewsCompetition in the cement market in Guangdong, Guangxi and Hunan provinces is expected to heat up with the mainland’s largest producer unveiling a plan to put 42 per cent of its new production capacity for the next three years in China’s southern regions. Executive director Guo Jingbin said Anhui Conch Cement aimed to raise its market share in the three provinces from 0.4 per cent last year to 15 per cent in three years. It plans to build plants with annual capacity totalling 18Mt in ... |
Taiheiyo looks for profit boost31 March 2005, Published under Cement NewsTaiheiyo Cement Corp said Thursday it aims to boost its net profit by over 80 per cent under a new three-year business plan focusing on cost cuts and fair pricing in its core cement business. The Japanese cement maker will target a group net profit of Y29 billion in fiscal 2007, which ends in March 2008, compared with its projected profit of Y16 billion for the fiscal year ending today. As domestic cement demand will likely continue to fall, Taiheiyo Cement will also focus on its oversea... |
WAPCO plans further expansion31 March 2005, Published under Cement NewsIn a bid to stay ahead of competition, the West African Portland Cement Company Plc (WAPCO) Nigeria has earmarked N2 billion for upgrading and modernising its plants at Ewekoro and Sagamu this year. The company is also to adopt the European standard of cement manufacturing. Managing Director of the company, Mr. ’Ranti Shokunbi disclosed these during an interactive session with journalists in Lagos. "We have been working quietly with the Standards Organisation of Nigeria (SON) to adopt... |
Successful buyout at Cemento de El Salvador30 March 2005, Published under Cement NewsAfter acquiring a slim majority in Cemento de El Salvador S.A. de C.V. (CESSA) at the end of 2004, Holcim made a buyout offer to the remaining shareholders at the same price of USD 7.35 per CESSA share. More than 300 shareholders accepted the offer. Holcim’s investment of US$220m increases its participation from 20.3 per cent to 64.2 per cent. CESSA is a leading cement manufacturer in Central America and the market leader in El Salvador, operating two cement plants in the North East of El... |
High input costs hit Circle Cement30 March 2005, Published under Cement NewsIncreased input costs have caught up with one of Zimbabwe’s leading cement manufacturers, Circle Cement Limited (part of the Lafarge Group) whose operating margins declined from 29.5 per cent to 20.3 per cent in the year ending December 31 2004. The margins came down due to high increases in power and water tariffs, compounded by shortages of foreign currency and instability in the financial sector. Historical turnover was however up 264 per cent to US$156.2bn during the year under review. “T... |
Indian producers benefit from export boom30 March 2005, Published under Cement NewsThe surge in oil prices has brought cheer to at least one section of the Indian industry. Cement majors including Gujarat Ambuja, UltraTech Cement and Saurashtra Cement are among those cashing in on the huge export potential in the Asian and Middle East region, which is witnessing an oil price-led construction boom. During February, for instance cement exports showed a healthy growth of 6.67 per cent to 0.32Mt from 0.3Mt according to data generated by the Cement Manufacturers’ Association. ... |
Vietnam’s largest cement plant to be built with foreign credit29 March 2005, Published under Cement NewsThe Vietnam Construction Import-Export Corporation (Vinaconex) has signed with three foreign banks a credit agreement worth Euro 76m for the procurement of equipment for Vietnam ’s largest cement plant. Under the agreement reached between Vinaconex and the Japan Bank for International Cooperation (JBIC) and the two French banks of SG and BNPPARIBAS in Hanoi on Mar 28, the Vietnamese partner will buy equipment worth Euro 36m from Japan’s Kawasaki group via JBIC. Through the SG and BNP... |
Morocco’s Lafarge Ciments 2004 net profit surges29 March 2005, Published under Cement NewsMorocco’s main cement company Lafarge Ciments on Monday announced a 59 per cent rise in net profit for 2004 helped by exceptional financial results and a buoyant building industry in the north of the country. Net profit reached 1.11 billion dirhams (US$129m) in 2004 after turnover rose 13 per cent to 2.62 billion dirhams with the launch of a new plant in the northern city of Tetouan, Lafarge Ciments said in a statement. The rise in net profit appears to have been boosted mainly by 503 mill... |
Portugal BPN to invest in grinding plant29 March 2005, Published under Cement NewsPortuguese investment bank Banco Portuguese de Negocios (BPN), via its holding company Sociedade Lusa de Negocios (SLN), will invest some Euro 25m (US$32.3m) in the construction of a cement grinding plant in the Mitrena shipyard area, situated in Setubal, near Lisbon. The construction work is expected to begin in the second half of 2005. The unit is projected to be concluded within 18 months. The new units is planned with an initial production capacity of 750,000t of cement per year. The o... |
Japan FY 2005 cement consumption down29 March 2005, Published under Cement NewsDomestic cement consumption in Japan will total 56Mt in fiscal 2005/06, ending March 2006, down 2.6 per cent year-on-year, forecasts of the Japan Cement Association (JCA) showed on March 28, 2005. The figure is expected to mark a year-on-year decrease for the sixth consecutive year. Shipments of cement used in public works projects in Japan is expected to total 29Mt in fiscal 2005/06, down 4.9 per cent year-on-year. Shipments of cement used in the private sector are expected to remain ... |