Cement News tagged under: international
Titan sees highs and lows30 November 2004, Published under Cement NewsTitan increased turnover by 6.4 per cent to €829.4m in the first nine months of 2004 and the operating profit at the EBITDA level rose by 13.1 per cent to €243.0m. In local currency terms, this represents increases of 10.5 per cent and 16.5 per cent respectively. Shipments of cement and clinker rose by seven per cent to 10.3Mt. Deliveries of ready-mixed concrete were one per cent higher at 3.8Mm3, for aggregates the increase was three per cent at 15.5Mt and shipments of concrete blocks ro... |
Gresik expects improved 200530 November 2004, Published under Cement NewsPT Semen Gresik expects to book IDR500 billion in net profit next year because of rising demand for cement, a company official said Tuesday. Gresik’s chief financial officer Cholil Hasan said the company expects this year’s net profit to be between IDR400 billion and IDR450 billion. He told reporters that the company’s sales are expected to rise between 8% and 10% next year from IDR5 trillion predicted this year because domestic demand for cement is expected to rise. "We expect that the growt... |
Cementir sees Aalborg, Unicon synergies offset by energy costs30 November 2004, Published under Cement NewsCementir SpA said the synergies from its recent acquisition of Danish firms Aalborg Portland and Unicon from FLS Industries AS will be offset over the next two years by higher energy and logistics costs. In a statement at a presentation to investors on the acquisitions, Cementir said its net debt will fall to zero by the end of 2009, presuming operating results continue along present lines. ’On the basis of the present economic scenario, the company sees net debt of around 370 mln eur by the... |
Orascom to renovate Iraqi plant29 November 2004, Published under Cement NewsOrascom Construction Industries announced that the Kurdistan Regional Government has awarded an OCI consortium a 12-year lease contract for the Tasluja cement plant located near Suleimaniyah City in the Kurdistan Region of Iraq. The Office of the Prime Minister of the Kurdistan Regional Government chose the OCI consortium based on our "financial and technical capabilities and experience in implementing similar projects and due to the strategic importance of the plant for producing cement whi... |
Indonesian government proposes Cemex alternative29 November 2004, Published under Cement NewsThe Indonesian government said it hopes to settle dispute with Cemex Asia over state-owned cement maker PT Semen Gresik by offering the Mexican giant to invest in other companies. Cemex already filed an arbitration suit against the government for failure to honor a put option contract allowing it to increase its 25.5 per cent stake to 51 per cent in Semen Gresik. Plans to increase control of Cemex in Semen Gresik was strongly opposed by PT Semen Padang , one of its subsidiary that demand... |
Holcim inaugurates new cement plant, Vietnam29 November 2004, Published under Cement NewsHolcim Vietnam has opened the Thi Vai Cement Grinding Plant in the southern province of Ba Ria - Vung Tau. The plant will supply 1.3Mt of cement to the market per annum, according to the company general director Mike Doyle. Holcim Vietnam now has six kinds of cement, with two of them ranked amongst the ’Top 5 Vietnamese construction materials of high quality’. Holcim Vietnam is expected to sell 2.6Mt of cement in 2004 and 5.9Mt in 2005. Its total investment capital now reaches $441m. Esta... |
Indonesia October cement sales grow 5.5 per cent29 November 2004, Published under Cement NewsIndonesia’s cement consumption grew 5.5 per cent in October to 2.97Mt from the same month a year earlier, the country’s largest cement maker said, reflecting strong building activity. Monthly sales data is closely watched by analysts as the booming property sector, driven by low interest rates, is seen as an indicator of economic activity. In the first 10 months of this year, domestic cement sales grew 8.6 percent to 25.25Mt, compared to the same period of 2003, PT Semen Gresik Tbk said o... |
Podilskyi Cement plans to increase output, Ukraine29 November 2004, Published under Cement NewsThe Podilskyi Tsement company (Kamianets-Podilskyi, Khmelnytskyi region), one of top three cement producers, plans to increase production by 12.5 per cent in 2005, producing 1.575Mt of clinker and1.6Mt of cement. As Ukrainian News has reported, Podilskyi Tsement increased production by 15.1 per cent in July-September, compared with the same period last year. Podilskyi Tsement owns 6 cement kilns with total projected capacity of 3.7Mta and is the countries second largest producer after ... |
Mexican Customs demand cement sale29 November 2004, Published under Cement NewsAs part of its convoluted legal manoeuvrings, the Mexican Customs authorities are now demanding that the 27,000t of cement from the Mary Nour be discharged into customs protection and then sold on the local market under its own jurisdiction, with the ship also having to post a US$2m bond as security. The Customs has decreed that the seizure of Russian cement that the company Comercio para el Desarrollo Mexicano (CDM) tried to import into the country was done correctly and will eventually be... |
Mexican Customs demand cement sale29 November 2004, Published under Cement NewsAs part of its convoluted legal manoeuvrings, the Mexican Customs authorities are now demanding that the 27,000t of cement from the Mary Nour be discharged into customs protection and then to be sold on the local market under its own jurisdiction, with the ship also having to post a US$2m bond as security. The Customs has decreed that the seizure of Russian cement that the company Comercio para el Desarrollo Mexicano (CDM) tried to import into the country was done correctly and will eventua... |