Cement News tagged under: international
HeidelbergCement to take over Teutonia13 December 2004, Published under Cement NewsHeidelbergCement has agreed to buy a stake in Teutonia Zementwerk and is offering to buy all outstanding shares, HeidelbergCement said on Friday. HeidelbergCement will offer owners of Teutonia’s listed preference shares Euro 270 per share, and owners of Teutonia’s common shares Euro 660 per share, the group said in a statement. HeidelbergCement said it had on Friday agreed to buy 76.6 percent of Teutonia’s common stock and 13.4 percent of its preference shares from several Teutonia shareh... |
Cement sets pulses racing13 December 2004, Published under Cement NewsTo study the inside of cement structures as they solidify and age, a researcher from Elizabethtown College in Pennsylvania has turned to time domain reflectrometry. "We use a capacitive sensor where the material [drying concrete] becomes the dielectric," Professor Nathaniel Hager told Electronics Weekly. Physically, the sensor is on the end of a coaxial cable and is little more than a few millimetres of the inner and outer coax conductors exposed to the cement, said Hager. A 35ps rise tim... |
ASEC posts $288,000 net profit Jan-Sept 2004, Egypt10 December 2004, Published under Cement NewsEgypt’s ASEC Cement Co, part of the Egyptian-Swiss industrial group Arab Swiss Engineering Company (ASEC), reported a net profit of 1.79 mln Egyptian pounds (US$288,000) for the first nine months of 2004, compared to a net loss of E£44.77m in the same period of 2003. The company registered sales of E£631.1m (US$101.5m), while the cost of goods sold reached E£423.6m (US$68.1m). Gross profit totalled E£207.5m (US$33.4m) with a gross profit margin of 32.9 per cent. |
Bacnotan Consolidated buys more shares in Atlas unit, Philippines10 December 2004, Published under Cement NewsBacnotan Consolidated Industries Inc said its board of directors has approved the purchase of additional shares in majority-owned unit Atlas Cement Corp. In a disclosure to the stock exchange, Bacnotan said it will purchase a total of 36.85 per cent stake in Atlas Cement Corp for approximately PHP260m. The amount is the estimated net cash value of the Atlas Cement shares as of end-December 2004, it added. The shares will be purchased from FLS Industries and The Industria... |
Domestic sales up 23.2 per cent YoY Nov, Argentina10 December 2004, Published under Cement NewsArgentina’s domestic cement sales, including imports, rose to 573,706t, up 3.4 per cent month-on-month in November 2004, and 23.2 per cent YoY, the national association of Portland cement producers said. Argentina’s cement sales could top 6.1Mt in 2004, which will represent an 18 per cent YoY increase. The rise in cement sales is seen as a result of the construction sector’s growth. Argentina’s construction sector is a key sector for the economy and one of the largest employment generatio... |
Antitrust body fines cement and ready-mixed concrete companies, Turkey10 December 2004, Published under Cement NewsThe antitrust body fined certain companies operating in cement and ready-mixed concrete sectors, as a result of the investigation opened on the grounds that the companies acted jointly in determining prices. The body fined Bati Group companies (Bati Anadolu Cimento Sanayi, Batisoke Soke Cimento, and Bati Beton Isletmesi) TRL 7.2tn. The fine for Akcansa Cimento Sanayi was set at TRL 5.8tn. Cimentas Group (Cimentas Izmir Cimento Fabrikalari, and Cim Hazir Beton ve Prefabrik Yapi Elemlari) was ... |
East Java Council asks govt to retain Semen Gresik stake, Indonesia10 December 2004, Published under Cement NewsThe East Java council is asking the government to retain its 51 per cent ownership in cement producer PT Semen Gresik in what is seen as a gesture of support for the anti-privatization protest by the company’s workers, Bisnis Indonesia reported. ’PT Semen Gresik has a historic value and is a symbol of the people’s struggle,’ Bisnis quoted as saying East Java council leader Fathurrosjid. He said the council supports demands by Semen Gresik workers for keeping the state company und... |
Prime Minister requests Vietnam Cement Corp become holding company10 December 2004, Published under Cement NewsDeputy Prime Minister Nguyen Tan Dzung has officially required the State-run Vietnam Cement Corporation to turn into a holding company, and compile a roadmap to privatize its affiliated companies to submit to the Prime Minister for approval. The Ministry of Finance has been assigned to coordinate with the corporation and related agencies to revise the finance status of Hoang Mai Cement Co. and Tam Diep Cement Co. so that these two companies can be privatized under the roadmap. ... |
YTL Cement net profit to double on Perak stake rise, Malaysia10 December 2004, Published under Cement NewsMalaysia’s YTL Cement expects its net profit to double this fiscal year after it raised its stake in Perak Hanjoong Simen Sdn Bhd to 64.8% from 32.1%, YTL’s managing director said. "We should double that (last year’s net profit)," Francis Yeoh said at a press conference, when asked how Perak-Hanjoong would enhance YTL’s performance. In the year ended June 2004, YTL Cement’s net profit jumped 26% to MYR84.6m. In contrast, Perak-Hanjoong reported a post-tax loss of MYR53.2m in 2003, th... |
Intercem Workshop, San Diego, 8-9 December 200409 December 2004, Published under Cement NewsOver 150 delegates are attending a two day workshop at the Omni Grand Hotel, San Diego, California. With the theme: Cement shortages - a temporary or long term problem, the stage has been set for some interesting discussions centred around the US market in 2004 and beyond. Ed Sullivan, Chief Economist with the US Portland Cement Association gave the keynote presentation: Shortage dynamics - critical factors, in which he looked at the supply and demand situation, import levels and freight ... |