Cement News tagged under: international
Strong domestic demand offsetting rising energy cost16 March 2005, Published under Cement NewsThailand’s January cement sales were very impressive compared with an average growth of 12 per cent for last year and 5 per cent growth for 2003. Conservative forecast is maintained for domestic cement demand at 10-15 per cent this year on rising cement demand from public infrastructure projects, while demand growth from the property sector will be slower than last year. Despite pressures from rising costs, strong high margin domestic demand is expected to help reduce cost pressure on cement... |
China Resources to launch two cement production lines16 March 2005, Published under Cement NewsThe China Resources (Holdings) Co., Ltd. (CRC) signed an agreement on building two new dry process cement production lines with a daily output of 4000t in Nanning of South China’s Guangxi Zhuang Autonomous Region. CRC is set to invest HK$1.226bn in the two production lines that will be installed in two phases. Of the amount, HK$660 million will be injected into the first phase, which is scheduled to start in May 2005 and go into production in August. The second phase project, costing HK... |
EU approves Aggregate buy-out15 March 2005, Published under Cement NewsThe European Union Commission Monday approved Swiss construction material company Holcim Ltd.’s acquisition of U.K. rival supplier Aggregate Industries PLC. Holcim is offering between GBP1.38 and GBP1.40 per Aggregate share, and 2 pence a share more if the offer is concluded without any conditions. This brings the total value of the U.K. company to around GPB1.8bn. In a statement, the EU Commission said the deal "will not significantly impede effective competition." The deal enables Ho... |
Eagle Materials to increase cement capacity15 March 2005, Published under Cement NewsEagle Materials in the United States which in January completed the purchase of the outstanding 50 per cent of the equity in Illinois Cement Company for US$72m, is investing US$65m in that company’s La Salle, Illinois works. This investment will increase the capacity of the plant, which primarily serves the Illinois and southern Wisconsin markets, from 0.61Mt at present to 1.0Mt (1.1Mst) and should reduce unit costs by around one-fifth. Work will start this spring and should be completed to... |
China’s Tangshan Jidong Cement15 March 2005, Published under Cement NewsTangshan Jidong Cement Co Ltd said its 2004 net profits fell 2.93 per cent from a year earlier to 142.99 mln yuan due to increased costs from coal, power and transportation. The firm said in its annual report that the average coal price in 2004 rose to 309 yuan per tonne from 218.32 yuan in 2003. Electricity prices also increased by 0.02 yuan per kilowatt hour. As a result, the company’s cement production costs rose by 10.14 yuan per tonne from a year earlier to 157.92 yuan. The company sa... |
Philippine Court of Appeals stops SEC order15 March 2005, Published under Cement NewsThe Court of Appeals has stopped the Securities and Exchange Commission (SEC) from enforcing its instruction to Cemco Holdings Inc to buy out the minority shareholders of publicly-listed cement firm Holcim Philippines Inc, the Philippine Daily Inquirer newspaper reported. Holcim Philippines was formerly known as Union Cement Corp. Last year, Cemco, 40 per cent-owned by Switzerland’s Holcim Ltd, bought a 51 per cent stake in UCC major shareholder Union Cement Holdings Corp from Bacnotan Consol... |
Turkey’s 2004 Cement output15 March 2005, Published under Cement NewsTurkey’s cement output stood at 38.8Mt in 2004, surpassing 28.1Mt in the previous year, the Turkish Cement Manufacturers Association announced. Turkey produced 26.2Mt of cement in 2002. In 2004 the country exported 8.2Mt of cement, up from 7.4Mt a year ago. Cement exports in 2003 increased mainly due to a rise in exports to Iraq. In 2002 cement exports stood at 5.5Mt. Apparently, Turkey’s cement exports to neighbouring Iraq, which increased to an all-time high of 2Mt in 2004, are expected ... |
Cemex sees EBITDA flat, revenues up14 March 2005, Published under Cement NewsCemex expects its core earnings to come in flat in the first quarter, held back by fewer business days because of Easter. Cemex said on Monday it expects EBITDA to be about $560m in the January-March period. "On a like-to-like basis, adjusting for the fewer business days, EBITDA would be expected to increase by about 5 per cent in the quarter," Cemex said in a statement. In quarterly guidance, Cemex said operating income is expected to inch up two per cent to US$400m on revenues of more... |
Catalonian cement demand increases14 March 2005, Published under Cement NewsCement demand in the Catalonia region, northeastern Spain, stood at 6.2Mt in 2004, a 2.85 per cent YoY increase, the local cement makers association Ciment Catala said. The association highlighted the slowdown in the rate of increase of cement demand in the region. The cement demand in Catalonia increased 4.37 per cent YoY in 2003, and 9.15 per cent YoY in 2002. Cement demand in the Barcelona province in the region accounted for 60 per cent of the total demand in Catalonia, demand in ... |
Cement sales up in February, Pakistan14 March 2005, Published under Cement NewsPakistan cement sales showed an increase of 11 per cent in February against the same period of last year, bringing the average cumulative growth of 18 per cent during the last eight months of current fiscal year. However, on a month-on-month basis, after falling down by eight per cent in January, the cement sales fell further, decreasing by 13 per cent, in February. The decline in sales was mainly on account of the prevailing rainy season throughout the country. Total exports rose from... |