Cement News tagged under: international
Bacnotan Consolidated Industries Inc profit, Philippines04 March 2005, Published under Cement NewsBacnotan Consolidated Industries Inc, a diversified investment holding company, posted a PHP4.09bn net profit last year, a sharp reversal from a PHP583.4m loss in 2003, on account of a one-off gain from its divestment from a cement company. Bacnotan sold, among others last year, its direct stake in Union Cement Holdings Corp. for $89.4m. Bacnotan’s unit, Atlas Cement Corp, also divested from Union Cement Holdings for $124.6m. Bacnotan reported in its financial statement a PHP5.9bn gain... |
Cemento Polpaico profits on reduced costs, Chile04 March 2005, Published under Cement NewsChile’s Cemento Polpaico posted a COP14.888bn (US$25.2m) consolidated net profit in 2004, up 45.3% from the previous year, the cement maker reported to the country’s securities regulator (SVS). For the period, although revenue fell 2.38% to COP117.732bn, operating profit grew 33.1% to COP21.209bn due to reduced operating, administrative and sales costs. In the first half of 2004, Polpaico held a 33.5% share of the local market with 620,326t, behind Empresas Melon with 37.6% (696,42... |
Government launches INC audit consultancy04 March 2005, Published under Cement NewsThe central public investment unit of Paraguay’s finance ministry has launched bidding for a consultancy to audit state cement company Industria Nacional del Cemento (INC), the unit said. Specifically, the consultancy entails auditing the INC’s accounting records and management, with offers due March 30. The government plans to restructure and strengthen the state company, as well as increase the transparency of its administration, BNamericas reported previously. The INC is Pa... |
Combined cement sales at US$1.307bn, Saudi Arabia04 March 2005, Published under Cement NewsThe combined sales of Saudi Arabia’s eight cement companies rose to SAR4.9bn (US$1.307bn) in 2004 from SAR4.5bn (US$987m) in 2003. The cement companies’ total cement output stood at 25.5Mt, up from 24.1Mt. Local sales rose to 23.8Mt from 22.2Mt, while exports totalled 1.8Mt, compared to 1.5Mt. |
Cement sales slow down in February, India04 March 2005, Published under Cement NewsCement despatches have slowed down in February on account of low sales in north India. Gujarat Ambuja Cements’ despatches have slumped 11 per cent at 11 lakh tonne in February compared with 12.41 lakh tonne recorded in the year-ago period. The company’s production was lower by 10 per cent at 11.01 lakh tonne against 12.28 lakh tonne in the corresponding month of the previous year. Gujarat Ambuja officials declined to comment on the company’s performance. However, a cement a... |
Ciments Francais aims to buy out Suez Cement, Egypt03 March 2005, Published under Cement NewsFrench cement producer and distributor Ciments Francais, a subsidiary of Italian cement producer and distributor Italcementi SpA, aims to buy the remaining 60 per cent in Egyptian state-owned cement company Suez Cement Co, the president of Ciments Francais, Yves Rene Nanot, said on March 2, 2005. Ciments Francais currently owns 40 per cent of Suez Cement. According to Nanot, the French company plans to achieve a deal with the Egyptian Government in the near future. In December 200... |
Cement industry to see an upswing, India03 March 2005, Published under Cement NewsThe Indian cement industry is expected to find further appreciation of its current margins in the coming days due to the deepening of the imminent supply-demand gap on account of infrastructure and housing thrust in the Union Budget. Though the demand for cement is expected to grow by an average 10-12 per cent a year, the industry until now has been maintaining stoic silence over any expansion plans in the state and outside. In Andhra Pradesh, which is one of the leading cement produce... |
Turkey cement producers see Iraq exports pressured03 March 2005, Published under Cement NewsTurkish cement exports to Iraq hit a record 2Mt in 2004 but could fall this year due to growing price competition and increasing security problems there, the Turkish cement association said. An improvement in the security situation in neighbouring northern Iraq could provide some support to the sector, however, Turkish Cement Manufacturers’ Association President Adnan Ignebekcili said. According to association data, total cement exports increased nine per cent in 2004 to 8Mt from 7.... |
Eurocement January output, Russia03 March 2005, Published under Cement NewsIn January 2005, Eurocement Group produced 590,000t of cement, a 34 per cent YoY boost. Packaged cement accounted for about 32,000t, an 11 per cent YoY increment. Eurocement products are supplied to 50 Russian regions and also exported abroad. |
Cementos Lemona EUR16.9m profit, Spain03 March 2005, Published under Cement NewsSpanish cement maker Cementos Lemona posted a net attributable profit of EUR16.9m for 2004, a 5.7 per cent YoY decrease, the company said. Gross operating profit decreased 17.5 per cent to EUR27.6m. Turnover dropped slightly by 0.33 per cent to EUR 99.9m. The company attributed the drop in results to the two-month closures of two of the its plants for improvements, which cost Cementos Lemona EUR 44.8m. The total investments of the company stood at EUR65.5m. Cement sales stood at EUR69.... |