Cement News tagged under: international
Indonesian cement demand down in January01 March 2005, Published under Cement NewsIndonesian cement consumption fell 4.2 per cent in January from a year earlier, industry data showed on Monday, due mainly to lower demand in areas outside the main island of Java. Southeast Asia’s largest economy consumed 2.24Mt of cement last month, down from 2.34Mt in the first month of 2004, according to data from the country’s largest cement maker, PT Semen Gresik Tbk. Gresik, 25.5 percent controlled by Mexico’s Cemex, sold 966,927t of cement in the domestic market in January, 9 per c... |
Colombia SIC starts probe in nine cement producers28 February 2005, Published under Cement NewsColombian industry and trade regulator SIC confirmed it was investigating nine leading cement producers and distributors in the country for alleged illegal competition practices, it was reported on February 25, 2005. The nine companies inlcude Cemex Colombia, Holcim, Cementos Paz del Rio, Compania de Cementos Argos, Cementos del Caribe, Cementos Rioclaro, Compania Colombiana de Clinker (Colclinker), Cementos de Caldas, Cales and Cementos de Toluviejo (Tolcemento). The main charges included... |
Improvements in Iranian cement sector28 February 2005, Published under Cement NewsNearly 950,000t of cement has been sold in overseas markets since March, the deputy commerce minister said in Tehran on Saturday. English-language paper `Iran Daily` quoted Hassan Youness Sinaki as saying that the ministry has received investment applications for production of 27Mt of cement and has opened credits for production of 14Mt. The official also ruled out the possibility of shortage of supply this year, saying the sector has already achieved its annual projection. "Through a furt... |
Maple Leaf review28 February 2005, Published under Cement NewsDuring 2004, the company posted highest-ever profit and recorded high productivity. This enabled the company to bring the turnaround in operating results and thus stakeholders also benefited by its 15 percent cash dividend. The company emphasises that at present there is no foreign currency loan outstanding on the company’s books. The management has several development projects in the pipeline. Process conversion of white cement project is progressing on schedule and is expected to be comple... |
Cemex likely to resume legal battle28 February 2005, Published under Cement NewsWith the deadline fast approaching, and no out-of-court deal made, the government is gearing up for a legal battle at the international arbitration court to settle its years of dispute with Mexican cement giant Cemex SA. Coordinating Minister for the Economy Aburizal Bakrie said on Friday the two opposing sides were unlikely to reach a settlement by the Feb. 28 deadline, prompting both parties to continue with the legal proceedings. Still, Aburizal refused to completely rule out the possibili... |
Katavsky Cement produces 55,000 tons of cement in January28 February 2005, Published under Cement NewsJSC Katavsky Cement produced 55,000t of cement in January 2005. Standing idle since Oct 2003 the company resumed operations in Jan 2004 after being taken over by the Eurocement group, the group’s press service reported. |
Monopolies Commission Probes Bamburi Cement28 February 2005, Published under Cement NewsThe Kenyan government is investigating a leading local cement manufacturer over alleged anti-competitive practices. Monopolies and Prices Commissioner, Peter Njoroge, told reporters yesterday that he would make recommendations to the Finance Minister soon, following the investigations. "We are investigating whether it is right for Bamburi to sit on the Boards of all cement companies in the country," Mr Njoroge said. The commissioner was speaking at a workshop on the Review of Kenya’s Compe... |
Holcim 2004 profit seen up on higher cement prices28 February 2005, Published under Cement NewsHolcim, is expected to report a rise in full-year profit next Wednesday after higher cement prices and efficiency gains more than outweighed growth in raw material costs, analysts said. Holcim is benefiting from a pick-up in cement demand in North America and parts of Europe on the back of the economic recovery. Its 2004 net income is seen up 3 per cent at an estimated 944 million Swiss francs ($813m), according to the average forecast in a Reuters poll of six analysts. Holcim said it ... |
Turkish Bolu Cimento to invest28 February 2005, Published under Cement NewsTurkish cement and clinker producer Bolu Cimento plans to invest 10.332 mln new Turkish lira ($7.68m) in 2005, the company said on February 25, 2005. The company said in early 2004 that it had earmarked some 3.44 mln lira ($2.56m) for investments in 2004. Bolu Cimento plans to produce 1.55Mt of cement and 1.320Mt of clinker in 2005. The company targets sales of 1.55Mt of cement and 150,000t of clinker for 2005. Bolu Cimento, which is part of the cement division of Turkish army pension fund... |
Holcim leads in Iran25 February 2005, Published under Cement NewsHolcim is quietly building up a useful portfolio of cement assets in Iran, while other majors have yet to make any impact on this emerging nation and one which consumed a high 33Mt of cement last year. Holcim’s first investment was in the elderly 1Mta Ardebil cement works in the north of the country which it supplied with clinker from its Russian works prior to its recent renovation. Since then, Holcim is known to have made investments in four new projects now under construction namely: Faraz... |