Cement News tagged under: international
Thailand: solid domestic consumption in September05 November 2004, Published under Cement NewsDespite the fact that September is normally a weak month for cement sales, domestic cement demand rose 18.7 per cent YoY and 5 per cent MoM to 2.4Mt in September 2004, according to the Bank of Thailand. Domestic cement demand has remained solid in the first nine months of this year, rising 13 per cent YoY to 20.5Mt. Strong growth is attributed to infrastructure projects as well as active construction of residential property. An indicator supporting cement demand growth is the total constr... |
Slovenia’s Cementarna Trbovlje Makes Solid Profit05 November 2004, Published under Cement NewsTrbovlje, 04 November (STA) - Cement maker Lafarge Cement Cementarna Trbovlje posted a net profit for 2003 of SIT 868m (EUR 3.6m) on sales of SIT 7.6bn (EUR 31.7m), up over 10 percent over the year before. The profit will remain undistributed, the company’s shareholders’ assembly decided on Thursday. The company is owned by Lafarge Perlmooser, a part of the France-based Lafarge group, one of the world’s biggest construction material manufacturers. Chairman Franci Blaznek, who was giv... |
Barbados: Use Fair Trading For Cement Complaints05 November 2004, Published under Cement NewsIf consumers have complaints over the recent hike in cement prices, they should take them to the Fair Trading Commission or Office of Public Counsel. That advice came from Minister of Commerce and Consumer Affairs, Senator Lynette Eastmond, at a media briefing at her office, where she said her ministry had been receiving a number of complaints. She admitted the hike was a concern to her ministry. Eastmond said Government had put mechanisms in place to deal with regulation of the market... |
India: Lodha & Co quits as auditor for Grasim05 November 2004, Published under Cement NewsLodha & Company on Thursday resigned as statutory auditors of the AV Birla group¹s diversified flagship, Grasim Industries. The chartered accountancy firm has also ceased to be branch auditors of Grasim¹s divisions, Rajashree Cement and Birla White Cement. The AV Birla group has appointed city-based GP Kapadia & Co, currently the joint statutory auditors, as sole statutory auditors of the company. The firm has also been entrusted the audit in respect of the company¹s divisions, Rajashree ... |
India: CM presents awards to cement companies05 November 2004, Published under Cement NewsChief Minister Babulal Gaur has urged the industrial sector to take up public welfare works. He was speaking at the function on Tuesday to present awards to cement manufacturing units of Madhya Pradesh and Chhattisgarh. The ACC Kymore Cement Works bagged the award for maximum energy conservation. Chief Minister Babulal Gaur presented the awards. He exhorted the industries to take initiative towards undertaking social welfare works. He said that the industries can easily undertake works of... |
Mardin Cimento reports 25trn Lira profits05 November 2004, Published under Cement NewsTurkish cement, clinker and ready-mixed concrete producer Mardin Cimento reported a profit of 25 trln lira (US$17.12m/13.35m euro), up from 8.73 trln lira (US$5.98m/4.66m euro). Mardin Cimento, part of the cement division of Oyak, was included by U.S. Forbes business magazine in the 100 Best under a Billion list of companies in Europe and Asia Pacific. |
Holcim CEO sees further consolidation in cement sector04 November 2004, Published under Cement NewsHolcim Ltd CEO Markus Akermann predicted a new round of consolidation in the cement industry, spurred by buoyant growth and revived profitability. But Markus Akermann, chief executive, doubted the Swiss company would follow Mexican rival Cemex into multibillion dollar deals. ’I think consolidation will clearly continue in our industry. But not through big mergers, so much as purchases of smaller and medium-sized companies’, the Financial Times quoted Akermann as saying. Speaking after the co... |
Indonesia’s Gresik expects audited results soon04 November 2004, Published under Cement NewsIndonesia’s largest cement maker, PT Semen Gresik, said on Thursday it expected to report its audited consolidated results for 2002 and 2003 by the end of this month, after a key unit finishes its figures. The state-run company, 25.5 per cent owned by Mexican cement producer Cemex, had been plagued by managemement trouble at its unit PT Semen Padang, leading to difficulties in conducting audits. "We plan to announce the (consolidated) results on Nov. 30 when the company is scheduled to h... |
Siam Cement Group targets customised products04 November 2004, Published under Cement NewsThe Concrete Products and Aggregate Co (CPAC), a ready-mixed concrete production unit of the Siam Cement Group, aims to increase its sales of customised products to 15 per cent of total revenues from 10 per cent currently, according to managing director Annop Tekajarin. The company projects total sales of 10 billion baht this year, up 25 percent from eight billion baht last year when its sales volume was 7.6 billon cubic metres. To boost sales of customised products, Mr Annop said that t... |
Loma Negra assets price considered too high04 November 2004, Published under Cement NewsThe sale of the Argentinean cement major Loma Negra, being coordinated by JP Morgan, is not defined yet, and among the prospective buyers are Camargo Correa, Votorantim, and Cimpor, while Cemex and Lafarge eventually could be interested on it. Loma Negra has 48 per cent of the Argentinean cement market, and wants a deal in the range of US$1bn, considered high by Lafarge. Loma Negra is a conglomerate of 16 companies, with sales of US$2.6bn in 2003, with the cement business showing an income o... |