Cement News tagged under: international
Boral says underlying profit strong despite softer H1, Australia08 February 2005, Published under Cement NewsConstruction materials group Boral Ltd said its underlying earnings remain strong despite net profit for the six months to December falling to A$179.7m from A$185.8m a year earlier. It said the reported profit was affected by a one-off cost of A$11.3m, representing expenses incurred in relation to a stalled bid for cement maker Adelaide Brighton Ltd which has left Boral with a 19.9 per cent interest. As well, the group said plasterboard operations in Asia were affected by a cyclical down... |
Attock Cement year-end results, Pakistan08 February 2005, Published under Cement NewsDuring the year under review Pakistan’s Attock Cement’s sales in term of value increased to Rs 1.882bn as against Rs 1.143bn registering 30.4% increase YoY. Its Falcon brand cement further entrenched in the core domestic market in and around Karach. It also received queries from the regional markets of UAE, Qatar, Saudi Arabia, Iran and Kenya. Attock Cement became the first Pakistani Company which exported 41,500t clinker to Qatar in the month of April 2004. Due to higher sales, better ... |
SG profit to fall ‘if Tuban factories disposed’ Indonesia08 February 2005, Published under Cement NewsThe net profit of publicly listed PT Semen Gresik Tbk (SG) is going to fall if the company’s Tuban 1, 2, and 3 factories are sold since 80 percent of the company’s profit is contributed by the three factories. President Director of SG Satryo said that with the net profit declining, SG’s contribution to the government would also be greatly reduced. "Even worse, we may lose the brand image and market network that we have built for years," he informed in a meeting with the House Commiss... |
Cement production to continue to rise, Russia08 February 2005, Published under Cement NewsIn 2005, the increase in cement production in Russia is set to continue. According to the Eurocement Group, its 2005 cement output is projected at 50.5 to 50.7Mt. In 2004, Russia manufactured 45.6Mt of cement, up 11.3% YoY. The Eurocement Group remains a major cement producer, with the 2004 output of 9.7Mt of cement, or 13% more than in 2003. Eurocement Group, Russia’s biggest cement holding company, controls 20% of the Russian and 60% of the Moscow cement market. The group incorporate... |
Batisoke Cimento boosts 2004 net profit, Turkey08 February 2005, Published under Cement NewsTurkish cement and clinker producer Batisoke Cimento registered a YoY rise in net profit for 2004. The rise is explained by the fact that the company’s results are adjusted to inflation in addition to increased clinker production due to better efficiency. The company reported an operating profit of TRL5.105m (US$3.8m) for 2004, up from TRL47,600 (US$35,000) for 2003. Its sales grew by 10 per cent YoY in 2004. Batisoke produced 914,000t of clinker in 2004, compared to 800,000t in th... |
Ras Al-Khaimah Co White Cement net profit surges, UAE08 February 2005, Published under Cement NewsThe net profit of UAE Ras al-Khaimah Co for White Cement & Construction Materials surged 325.4 per cent YoY to AED40.2m (US$10.9m) in 2004. Earnings per share rose to AED0.086 (US$0.023) from AED0.02 (US$0.005). Sales grew 20 per cent to AED136.2m (US$37.1m), helped by the opening of new markets for the company’s products. Ras al-Khaimah Co for White Cement & Construction Materials reported shareholders’ equity of AED799m (US$217.6m) at end-2004, up from AED750m (US$204.2m) at end-2003, whil... |
Holcim avoids strike action, New Zealand08 February 2005, Published under Cement NewsHolcim New Zealand has avoided imminent strike action after unions lifted their strike notice following negotiations with the company. Two of the three unions representing ship staff on the Milburn Carrier 2 and the Westport had given notice of strike action from today. However, the New Zealand Merchant Service Guild (NZMSG) and the Aviation and Marine Engineers’ Association (AMEA) both lifted the notice following mediation discussions last Thursday. AMEA national secretary George Ryd... |
Holcim Slovensko 2004 expectations, Slovakia08 February 2005, Published under Cement NewsThe largest cement producer in Slovakia, Holcim Slovensko, a.s, Rohoznik, assumes that it closed the year 2004 in the red based on initial estimates. The company already closed the first half of the year with a loss. ÅgIn particular modernization of the Rohoznik plant, within which the company’s investments amounted to about SKK 2.5bn, was behind the company’s financial performance last year,Åh Marek Michlik from Holcim Slovensko told SITA. Last September Holcim completed the first moderniza... |
Lafarge to double plasterboard capacity, China08 February 2005, Published under Cement NewsLafarge Boral Gypsum in Asia (LBGA) plans to invest about $30m to double its plasterboard manufacturing capacity in China, Lafarge said in a statement. The group will build two new plants, one in Shanghai and one in Chongqing to double annual capacity to over 70Mm2, to keep up with a sustained market growth in China of more than 15 percent per year in the last 5 years, it said. The Chongqing plant should be operational in the third quarter of 2005 and the Shanghai plant in the first quarter ... |
Cement sales down in January, Pakistan07 February 2005, Published under Cement NewsThe cement sales growth during January 2005 slows down to 7.6 per cent because of winter rains, slowing down construction activity and holidays on account of Eid-ul Azha. The figures released by the All Pakistan Cement Manufacturers Association (APCMA) indicates that cement demand growth during January 2005 has slowed down to 7.6 per cent as against the over 20 percent growth witnessed during most of the first six months of 2004-05. According to industry sources, this slowdown is season... |