Cement News tagged under: international
Adelaide Brighton expects to keep operating at full capacity10 February 2005, Published under Cement NewsCement and lime producer Adelaide Brighton Ltd expects to keep operating at full capacity this year, but it might not be able increase it’s prices much in the near term. Adelaide Brighton today announced a 41 per cent jump in net profit to $81.45m for the year to December 31, 2004. However this included a one-off $14m benefit from tax consolidation. Excluding the benefit, net profit was up 17 per cent to $67.5m. Revenue was up 10.5 per cent to $705.66m. Managing director Mark Ch... |
Cement price hike causes concern in Pakistan10 February 2005, Published under Cement NewsWhile overwhelming increase in demand for cement brings windfall profits, the cement units instead of reducing cement prices are ruthlessly fleecing the consumers. The increase in cement prices are due to cement cartel of the cement manufacturing units in the private sector but now Jawedan Cement operating under State Cement Corporation, a public sector entity, has also joined the bandwagon by increasing the cement prices. Criticizing the move by the government sector unit, Babar Mirza... |
Holcim to stage global prize-giving in Bangkok10 February 2005, Published under Cement NewsHolcim Group has Bangkok as the venue for the awards ceremony for its global contest to find works that mark genuine milestones in the advancement of sustainable construction. The US$2-million (Bt76.9-million) Holcim Awards contest is entering its final phase, with the submission deadline on March 31. Winners for the Asia-Pacific region will be chosen in Beijing in the last quarter of this year. To date, 277 applications have been received, of which 31 come from the Asia-Pacific region.... |
Cemex signs sale agreement with Votorantim, USA09 February 2005, Published under Cement NewsCemex has signed a US$389m agreement with Brazil’s Votorantim Participacoes to sell assets in the USA, Cemex said in a statement. Cemex will sell the plants Charlevoix and Dixon-Marquetteand, and a number of distribution terminals in the Great Lakes Region, the USA. The two plants have a capacity to produce 2Mta of cement. The letter of intent over the deal was signed in November 2004. The waiting period in accordance with the Hart-Scott-Rodino Antitrust Improvements Act has expired.... |
Cement on firm footing as housing demand soars, India09 February 2005, Published under Cement NewsThe India cement sector has registered 11% surge in sales last month, thanks to robust housing demand across most markets. Industry sales shot up to 11.3Mt, up from 10.1Mt a year ago. Total cement production rose 11.3Mt, up from 10.2Mt YoY. Industry officials say last month’s industry shipments - which have shown improvement over December’s sales of 10.8Mt - are the second highest reported in this fiscal. Industry sales were the highest in March last year at 11.3Mt. The sharp ... |
Brunei to import cement to check on its rising prices09 February 2005, Published under Cement NewsBrunei will again import cement to stabilise the price of the commodity and ensure its continuous supply for the interest and development of the construction industry in the country. The Ministry of Industry and Primary Resources through the Department of Brunei Industrial Development Body disclosed this decision yesterday. The types of cement that are to be imported must be of high quality and must comply with the Brunei Standard. Towards this end, would-be importers of the comm... |
Qatar National Cement 2004 net profit climbs09 February 2005, Published under Cement NewsQatar National Cement Co (QNCC) registered a net profit of QAR170m (US$46.7m) in 2004, compared to QAR153m (US$42m) in 2003. The company’s sales rose 51 per cent YoY to QAR450m (US$123.7m) in 2004. QNCC, set up in 1965, started on December 20, 2004 construction works on a project for the establishment of a third cement plant. The new plant, scheduled to reach its full capacity in the second half of 2006, will raise QNCC daily production of clinker to 6,900 tonnes, which will boost th... |
Maltsovsky Portlandcement January production, Russia09 February 2005, Published under Cement NewsMaltsovsky Portlandcement based in the Bryansk region produced 155,000 tons of cement in January, an increase of 20 per cent from the figure posted in the same period 2004. In 2004 the company made over 3.6Mt of products (+2%), which is nearly 38% of the total output of Eurocement Group. In sum enterprises of thegroup produced over 9.6Mt of products in 2004, up 13% from the figure posted in the same period 2003. Share of the company in this segment of the construction materials market ca... |
Cement producers post profitable 2004 results, Colombia09 February 2005, Published under Cement NewsColombian cement maker Cementos del Caribe posted a profit of COP83.74bn (US$35.5m) for 2004, down from COP104.07bn (US$44.1m) for the previous year. Meanwhile, Cementos Paz, posted a net profit of COP21.8bn (US$9.2m) for 2004, compared to COP18.5bn (US$7.8m) for 2003. In turn, Cementos del Valle registered a profit of COP96bn (US$40.6m) for 2004, up from COP89.2bn (US$37.8m) for a year earlier. Cement maker Cales y Cementos de Toluviejo posted a profit of COP13.7bn (US$5.8m)... |
Tora 2004 net profit leaps 176%, Egypt09 February 2005, Published under Cement NewsNet profit at Egypt’s Tora Cement rose 176 per cent in 2004 to E£151.9m (US$26.14,m), the stock exchange said in a statement. The cement firm had made E£55m in net profit in 2003, the statement said. Egyptian cement companies benefited last year from strong prices in the local market and the fall of the Egyptian pound against the dollar, making Egyptian exports relatively cheaper. |