Cement News tagged under: international
Indonesia’s February cement consumption jumps18 March 2005, Published under Cement NewsIndonesia’s cement consumption, rose 13.7 percent by volume in February, compared to the same month of 2004. Southeast Asia’s largest economy used 2.32Mt of cement last month, up from 2.04Mt a year before, according to cement association data on the Web site of PT Semen Gresik, the country’s largest cement maker. Domestic sales of Semen Gresik grew 14.9 percent to 1.06Mt over the period, or 45.6 per cent of national consumption. Including exports, Gresik sales rose 18.5 per cent to 1.18Mt... |
South African downturn?18 March 2005, Published under Cement NewsSA’s largest construction company, Aveng, did well in the residential and retail boom, through its ownership of steel supplier Trident and almost half-ownership of cement supplier Holcim. Improved sales in its cement and steel and allied divisions helped the group report a 55 per cent increase in headline earnings a share in the six months to December. But Aveng’s construction work, the group’s core activity, is still operating at a loss. One of the features of the reporting season was the ... |
Tasek In JV18 March 2005, Published under Cement NewsMalaysia’s Tasek Corporation Bhd will set up a joint venture with Saigon Cement Joint Stock Company in Vietnam to establish a cement manufacturing plant in Ho Chi Minh City, Vietnam. Tasek will own 51 per cent of the joint venture with the balanced owned by Saigon Cement. |
Balcem Produces 146,000t18 March 2005, Published under Cement NewsUkrainian cement plant Balcem, formerly known as Balakleyski cement, produced a total of 146,000t of cement in January to February 2005. Balcem ranked second in terms of cement production in Ukraine for January and February 2005 with 146,000t, after Podolsky, which produced 173,000t of cement in the period. The total cement output in Ukraine stood at some 1.02Mt in the first two months of 2005, up 16.3 per cent year-on-year. In February 2005 alone, Balcem produced some 76,900t of cement, u... |
Cement Consumption in Spain17 March 2005, Published under Cement NewsCement consumption in Spain increased 1.07 per cent year-on-year to 7.26Mt in the first two months of 2005, Spanish Cement Makers Association (OFICEMEN) said on March 16, 2005. Cement production in Spain increased by 3.01 per cent year-on-year to 7.11Mt in January and February 2005. Imports for the period fell by 33.4 per cent year-on-year to 907,207t, while exports went up by 8.6 per cent year-on-year to 209,547t in the first two months of 2005. In February 2005 alone, cement consumpt... |
Cemex dispute set for the courts – again!17 March 2005, Published under Cement NewsAhead of the hearing on the dispute between PT Semen Gresik and Cemex SA at the International Center for the Settlement of Investment Disputes in Washington DC, scheduled to last from July 28 through July 30, the Indonesian government says it has prepared itself for the worst. "Despite our preparations for the worst-case result on Cemex at international arbitration, we are still keeping our doors open for negotiations outside the legal framework," Coordinating Minister for the Economy Abur... |
Cement manufactures demand duty abolition17 March 2005, Published under Cement NewsCement manufacturers in Pakistan have proposed the government to abolish central excise duty (CED) on cement. Talking to newsmen, Managing Director, Dadabhoy Cement, Senator Mohammed Amin Dadabhoy, said that they had proposed the government to abolish CED on cement and increase sales tax from 15 percent to 18 percent to overcome losses. He said these measures would increase sale of cement that ultimately would generate more revenue. Justifying his claim, he said that the CED is an old tax a... |
HK Chia Hsin Cement 2004 Net Falls significantly16 March 2005, Published under Cement NewsHong Kong-listed Chia Hsin Cement Greater China Holdings Corp said Tuesday its 2004 net profit fell 22 per cent from a year earlier, on lower Chinese cement prices despite rising raw material costs. Net profit for the year ended Dec 31, 2004 totaled US$14.7m, or 1.3 US cents per share, down from US$19.0m, or 2.1 US cents per share in the previous year. Revenue rose slightly to US$81.9m from US$78.0m. Chia Hsin Chief Executive Jason Chang told a news conference that a steep decline in C... |
Akmenes February sales16 March 2005, Published under Cement NewsAkmenes Cementas, the only manufacturer of cement in Lithuania, boosted its turnover 20 per cent over the first two months of 2005, due to increased sales in Lithuania and Latvia. In January-February this year, the company earned income of 7.7 million litas (Euro 2.2m), a 20.7 per cent increase year-on-year. "The sales went up, because we sold more products in the domestic and Latvian markets this year, Arturas Zaremba, the CEO of Akmenes Cementas, said. According to Zaremba, the comp... |
Cemex still wants to do business in Indonesia16 March 2005, Published under Cement NewsPT Cemex Indonesia, which has threatened to turn to arbitration court against the government over Semen Gresik dispute, said it still wants to do business in Indonesia. Chief Commissioner of the subsidiary of the Mexican giant Cemex SA Francisco Noriega said the country’s economy is growing, therefore new investment in the cement industry will be needed. Earlier Cemex offered the government two options to settle the dispute - by the government allowing it to have a 51 per cent stake in... |