Cement News tagged under: international
Cementos del Valle Posts US$41.3m net profit, Colombia03 March 2005, Published under Cement NewsColombian cement maker Cementos del Valle posted a net profit of 95.991 bln Colombian pesos (US$41.3m) for 2004, up seven per cent YoY. The profit increase was a result of the higher construction sector activity in 2004, the company explained. The sales of the cement company totalled US$85.32m. Cementos del Valle also announced it would invest US$7m in 2005 to boost operations. In 2004, the company invested US$563,010 in environmental protection. Cementos del Valle sold 573,059t of ce... |
Cementos Molins posts EUR 83.1m profit, Spain03 March 2005, Published under Cement NewsSpanish cement maker Cementos Molins posted a net attributable profit of EUR83.1m for 2004, a 7.6 per cent YoY decrease, the company said. The decrease was attributed to the lack of one-time gains, compared to a EUR10m extraordinary revenue in 2003, as well as to the depreciation of Latin American currencies. Cement sales of the company increased by 14 per cent to 5.4Mt, concrete sales stood at 3.7Mt, an eight per cent increase, and sales of aggregates remained unchanged YoY at 8Mt. |
Holcim FY results in-line, bullish for 200502 March 2005, Published under Cement NewsHolcim Ltd posted a 33.2 perc ent rise in 2004 net profit, in line with market consensus, raised its dividend by Swf0.10 to Swf1.25 per share and forecast further improvements in results this year. In most countries, the Swiss group expects the continuing ’robust’ state of the construction sector to support the existing high level of demand for cement, aggregates and concrete going forward. ’Given that Holcim will be taking further steps to increase efficiency in the group, the board o... |
Cemex seals RMC Group acquisition02 March 2005, Published under Cement NewsCemex, the world’s third-largest cement manufacturer, yesterday completed its Dollars 4.1bn acquisition of RMC Group of the UK after gaining approvals in the US, the European Union and Mexico. Lorenzo Zambrano, Cemex’s chief executive, offered a bullish prediction on synergies, saying he expected to achieve approximately US$200m in annual savings by 2007. This would be done by "standardising some management processes, capitalising on trading network benefits, consolidating logistics and imp... |
Mykolaivtsement increases output02 March 2005, Published under Cement NewsIn 2004 the Mykolaivtsement company (Mykolaiv, Lviv region), increased cement output by 38.95 per cent. Andrii Postolovskyi, company’s marketing director, told local reporters. According to him, in 2004 cement production to 930,000t, equivalent to this is 10.7 per cent of all Ukrainian output. As Ukrainian News earlier reported, Mykolaivtsement finished 2003 with profit UAH 8.876 million. Mykolaivtsement possesses six small and two large kilns for the production of cement with a total... |
Pakistani producer moves ahead02 March 2005, Published under Cement NewsLucky Cement Ltd has announced a profit before tax of Rs. 566.517 Million for the Half Year Ended on 31st December, 2004 as against the profit before tax of Rs. 414.195 Million earned by it during the Half Year Ended on 31st December, 2003. This shows an increase of Rs. 36.8 per cent in its profitability. The net sales of the company increased by 50 per cent to Rs1871 Million during half year ending December compared to net sales of Rs1247m during half year to December 03. The gross profit ... |
Bamburi Drops supplier to reduce costs01 March 2005, Published under Cement NewsHundreds of jobs in the Kenyan paper sector may be lost, after a leading cement company decided to import bags for its products. The move by Bamburi Cement Company is a major consumer of locally-manufactured cement bags leaves the giant Pan Africa Paper Mills in a bit of a quandary as it fights to plug a Sh7.2 billion exposure ,according to confidential documents. Bamburi manufactures nearly 60 per cent of cement sold in Kenya. Citing breakages and losses, the firm has decided to import wo... |
More expansion in Vietnam01 March 2005, Published under Cement NewsEight cement plants included in 20 cement expansion projects will be put into operation in 2007, according to the Vietnam Cement Corporation. These factories will raise the cement industry’s capacity to 38Mt of cement per year. In addition Vietnam will not need to import clinker for production, the corporation said. The industry now produces 16.4Mt of clinker and 24Mt of cement per year, 50 per cent of which is made by the corporation’s nine members, the corporation said. However, the ind... |
Property rebound to drive up concrete prices01 March 2005, Published under Cement NewsCement prices in southern and eastern China will be stable this year, but the recovery in Hong Kong’s property market will help drive up the price of concrete here, according to executives at China Resources Cement. High coal prices, electricity shortages, macro-economic controls and tough land curbs would restrain prices on the mainland, said Shi Shanbo, the company’s vice-chairman. "In the Pearl River Delta, our main market, cement prices will be stable this year, judging from our ... |
Chinese to open cement factory in Madagascar01 March 2005, Published under Cement NewsChina’s huge state-owned Changchun Construction Group announced plans Monday to construct a large cement factory in Madagascar where it aims to undercut the prices of current producers, officials said. The plant is expected to have the capacity to produce 250,000t of cement per year and will employ more than 180 people when it opens outside the Malagasy capital of Antananarivo in about 10 months, they said. The US$10m plant, to be known as the Madagascar Long Cimenterie (MALOCI), aim... |