Cement News tagged under: international
Strike at Dutch ENCI ends22 February 2005, Published under Cement NewsThe strike of the employees of Dutch cement factory ENCI in Maastricht, Rotterdam and IJmuiden has ended after an agreement between the management and the trade unions on the planned restructuring, it was reported on February 21, 2005. ENCI employees went on strike on February 14, 2005. Under the agreement the planned job cuts will be reduced to 170 from 270. ENCI parent company, German HeidelbergCement, planned to close the stone oven in Maastricht, southern Netherlands, as well a... |
Argos 2004 profit up 20 per cent, Colombia22 February 2005, Published under Cement NewsColombia’s biggest cement group, Cemento Argos, reported a 20 per cent rise in net profits in 2004. The company’s improved result came as Colombia enjoyed a construction boom, which economists attributed partly to confidence in President Alvaro Uribe’s tough security policies aimed at Marxist rebels. Argos’ net profit rose to COP187.1bn (US$80.7m). Operating income increased to COP203.4bn (US$87.7m), up 10 per cent from 2003. Assets totaled COP 3.8 trillion (US$1.6bn), up 53... |
Siam City Cement mulls stake in ready-mixed concrete co, Thailand22 February 2005, Published under Cement NewsSiam City Cement PCL (SCCC.TH), Thailand’s second-largest cement producer, is considering acquiring a stake in a ready-mixed concrete company, in a move to boost its market share in the fast-growing segment. The company’s managing director, Leo Mittelholzer, said Siam City Cement is targeting to boost its market share to about 28% in the next three to five years from 8.3% last year. To achieve this target, the company will have to extend its network and increase its production and ... |
Kuwait Cement 2004 net profit falls to $64.7m22 February 2005, Published under Cement NewsThe net profit of Kuwaiti cement maker Kuwait Cement Company fell to 18.89m Kuwaiti dinars (US$64.7m) in 2004 from 19.34m dinars (US$66.3m) in 2003. Earnings per share (EPS) inched down to 50.28 fils (US$0.172) in 2004 from 51.47 fils (US$0.176) in the previous year. The company’s 2004 net profit included a profit of 7.7m dinars ($26.4m) resulting from the application of the International Accounting Standards (IAS) 39 and 40, which state how proceeds from securities and real estate inve... |
Hanson set to increase deal-flow as industry consolidation gathers pace , UK21 February 2005, Published under Cement NewsHanson PLC’s full year results will be viewed with more than the usual interest by investors next Thursday following a number of high profile takeovers in the sector. Holcim’s recent UK£1.78bn stage takeover of Aggregate Industries PLC and last year’s UK£2.3bn purchase of RMC Group by Cemex has reignited interest in the sector and analysts reckon more deals are likely. Hanson, which has built a dominant position in both the UK and North American cement markets through acquisitions... |
Private sector, housing to drive cement market, Peru21 February 2005, Published under Cement NewsThe private sector and housing sector will drive Peru’s cement market in the long-term, according to a report from local bank Banco Wiese Sudameris (BWS). BWS said government infrastructure spending in 2004 did not show a significant increase due to the need to reduce the fiscal deficit, and that this trend will continue this year, which means the private sector will continue to be construction’s driving force. The construction sector grew 4.7 per cent in 2004 and will edge up to 5... |
Cement market develops faster than economy , Romania21 February 2005, Published under Cement NewsThe cement market in Romania saw a record high growth pace since the entrance on the market of three strategic investors: Lafarge, Holcim and HeidelbergCement, according to local news reports. According to the estimates, the high demand for construction materials has boosted the cement market by about 10 per cent, double as against 2003 and compared with the annual growth pace since 1996 until now. The pace is faster even compared with the entire economy, considering a growth of about 8 p... |
HeidelbergCement to create its own raw material base, Ukraine21 February 2005, Published under Cement NewsHeidelbergCement intends to create its own raw material base for Kryvyi Rih Cement (Dnipropetrovsk region) and Dniprotsement (Dnipropetrovsk region), its two Ukrainian divisions. A representative of for Kryvyi Rih Cement and Dniprotsement disclosed this to Ukrainian News. According to him, a project for providing Kryvyi Rih Cement and Dniprotsement with their own raw materials is presently being drafted. "An analysis of the limestone deposits that are suitable for productio... |
Cement prices would be higher sans safeguards, Philippines21 February 2005, Published under Cement NewsThe Cement Manufacturing Association of the Philippines (CeMAP) said that had it not requested the continued imposition of safeguard duty against imported cement, prices would have reached P160 per bag due to soaring production costs, particularly coal. This developed as the latest price monitoring of the Department of Trade and Industry showed that prices of cement now averages P150 to P155 nationwide. But Rene Sunico, chairman of Fortune Cement told the Tariff Commission hearin... |
Cement production jumps in 200418 February 2005, Published under Cement NewsMexican cement production totaled 35Mt in 2004, a 9.4 per cent increase over 2003, local press reported. Thanks to government infrastructure works and increased construction and housing projects, cement demand increased 4.5 per cent while concrete demand jumped 15 per cent, analyst Carlos Hermosillo was quoted as saying. The world’s third largest cement maker, Mexico’s Cemex, controls about 60 per cent of Mexico’s cement market. Meanwhile no further news over the fate of the Nary Nour ... |