Cement News tagged under: international
Lafarge Romania sales Up 29.7 per cent08 March 2005, Published under Cement NewsLafarge Romania reported an increase in sales of 29.7 per cent in terms of value and a 7.8 per cent year-on-year growth in terms of volume in 2005, the company said on March 7, 2005. The results on the Romanian market contributed to the company’s good performance in the region, the company’s executive director, Bernard Kasriel, said. |
ADB funds $800 m project in Kashmir08 March 2005, Published under Cement NewsThe Asian Development Bank, a multilateral development financial institution, has pledged a grant of roughly $800m to carry out “reconstruction projects” in Jammu and Kashmir. The three-phased project, slated to start April 1, aims at improving connectivity and ensuring clean water in the state by upgrading roads, bridges and water distribution schemes in Jammu and Srinagar. The Jammu and Kashmir government has set up a special authority for the implementation of the project called “Economic ... |
Semen Gresik growth to slow07 March 2005, Published under Cement NewsThe growth of pretax profit of PT Semen Gresik would have slowed down in 2004 due to the high base of net profit of 2003. The Finance Director of Semen Gresik, Cholil Hasan, said that the pretax profit of Semen Gresik in 2002 was IDR151 billion, and it grew to IDR378 billion in 2003. He predicted that the pretax profit of the cement company would have reach IDR500 billion. "In such condition it would be very good if our profit could grow by 10 per cent this year, as the price of oil has in... |
Union Cement 2004 sales gains07 March 2005, Published under Cement NewsUAE Ras al-Khaimah cement manufacturer Union Cement registered cement sales of 1.25Mt in 2004, an increase from 1.04Mt in the previous year, according to the annual report of the company’s board of directors. The company’s local sales accounted for 93 per cent of the total sales in 2004 and registered a 32 per cent increase over 2003, boosted by strong demand on the UAE market. Exports fell 46 per cent year-on-year and represented 7.0 per cent of the 2004 sales. Union Cement produced a tota... |
Good start for cement demand this year07 March 2005, Published under Cement NewsThailand’s cement sales in January 2005 showed an impressive growth of 19.6 per cent YoY. The January sales were well above expectation. Domestic cement demand is expected to expand by 10-15 per cent this year compared with a 12 per cent growth last year. Despite improving domestic demand, Thailand’s cement consumption of 366kg per capita in 2003 was still 40 per cent below its peak level in 1996 of 620kg per capita. Compared with other Asian countries, Thailand’s cement consumption had recov... |
Cement firms foresee high capacity usage07 March 2005, Published under Cement NewsCapacity utilisation in the Indian cement sector is expected to touch an unprecedented 99 per cent in March. "Companies increase their output because the industry demand peaks around March. However, demand in the last couple of months has been very firm. Therefore, we can expect a robust production to cater to March demand," a cement analyst said. For the year ended March 31, 2004, the average capacity utilisation of the domestic cement industry was 82 per cent. "The high capacity utilisa... |
OCL India to set up integrated steel plant07 March 2005, Published under Cement NewsThe Orissa-based OCL India Ltd, producer of the Konark brand cement, is setting up its first integrated steel plant of 0.25Mt per annum capacity. The company singed a memorandum of understanding (MoU) with the Orissa Government in November last year. The total cost of the project is Rs 204 crore, and would be funded through debt and internal accruals. OCL’s total cement capacity is 1.3Mta. The company is a major refractory manufacturer with an annual capacity of 80,000 tonnes. The c... |
Ciments Francais takes controlling stake of Suez Cement, Egypt04 March 2005, Published under Cement NewsCiments Francais, Italcementi Group sub-holding for international activities, along with a consortium of local and international investors have reached an agreement with the Egyptian government. Under the terms of the agreement and in accordance with the Egyptian privatisation laws, Ciment Francais and the investors consortium have committed to purchase a 33.4% stake in Suez Cement, Egypt’s leading cement producer. The transaction will enable Ciments Francaise to raise its shareholding i... |
Brazil: Votorantim enters India04 March 2005, Published under Cement NewsAfter acquiring assets in Canada and the US, Votorantim Cimentos is penetrating in India through the take over of a plant with a capacity of 3.5Mta of cement for US$80m. Votorantim has kept undisclosed the name of the Indian group, besides being partnered with an European company in this venture. Each partner will pay US$35m to the Indian group and assume a liability of US$10m. Meanwhile Votorantim intends to increase investments from US$980m to US$1.8bn resources to double capacity t... |
LILAMA paves way for cement plan, Vietnam04 March 2005, Published under Cement NewsVietnam Construction and Machinery Installation Corporation (LILAMA) will execute the VND1 trillion (US$63m) project to build the Song Thao Cement Plant for the Song Thao Cement Company. The factory, to be based in Phu Tho Province, will have an annual production capacity of 910,000t of cement. According to Pham Hung, General Director, LILAMA, the company would also manage other sub-contractors for plant construction, including the Construction Materials Consultant Company, the China... |