Cement News tagged under: international
Director of Tampico Port dismissed03 November 2004, Published under Cement NewsThe Director of Tampico Port, Rafael Meseguer Lima has just been dismissed from his position. Manuel Flores Guerra, an outsider from Tamaulipas State now occupies the position. Leonardo Lozano Margáin, General Director of Port Administration said that after evaluating of the ports results, they decided to reinforce Tampico’s port operations and opted for removing its director. Lazo Margáin discounted speculation that the Mary Nour affair could have anything to do with the removal. “The M... |
Holcim 3Q Net Profit Up 31 per cent03 November 2004, Published under Cement NewsHolcim said Wednesday that its third quarter net profit rose 31 per cent, propelled by strong demand and cost-cutting measures, and repeated its upbeat full-year outlook. Net profit rose to CHF321 million from CHF245m, besting analysts expectations of CHF297m. Operating profit increased 7.5 per cent to CHF716m, rising at a faster pace than sales which edged up to CHF3.70bn from CHF3.59bn. The company said it expects to clearly exceed its full-year operating profit growth target of 8 per c... |
OCI to Build New Cement Plant in Pakistan02 November 2004, Published under Cement NewsOrascom Construction Industries announced that it has finalised negotiations for the acquisition of a 51 per cent stake in Chakwal Cement Company Limited listed on the Karachi Stock Exchange, which owns the property and equipment for a 2.2Mta cement plant located in the Punjab Province in Northern Pakistan. The plant is expected to serve Punjab, Pakistan’s most populated province (90 million people). The plant equipment was supplied by FL Smidth of Denmark. The OCI Construction Group wil... |
Cementos Lima Q3 profits down02 November 2004, Published under Cement NewsPeru’s largest cement producer Cementos Lima has reported that lower sales contributed towards a 13.9 per cent fall in profits for the third quarter to September 30 compared to the same period last year, according to information filed with the country’s securities regulator (Conasev). Net profit for the quarter was 21.9mn soles (US$6.58m) compared to 25.4m in the 2003 period due to lower sales and increased operating costs. Sales fell 5.1 per cent to 139m in 3Q04, down from 147m soles in ... |
ACC October cement despatches up02 November 2004, Published under Cement NewsAssociated Cement Companies (ACC) has reported a 13.8per cent increase in cement despatches for October 2004 at 1.402Mt as compared to 1.232Mt in October 2003. According to a release issued to the BSE today, cumulative despatches from April-October 2004 was up 7.2 per cent at 9.388 MT as compared to 8.754Mt an year ago. Production was up 10 per cent at 1.394Mt as compared to 1.232Mt, an year ago while the cumulative production was up 6.7 per cent at 9.381Mt as compared to 8.789Mt an year ... |
Ghacem to utilise local limestone02 November 2004, Published under Cement NewsGhana Cement Works (GHACEM) is now using limestone from Yongwa in the Eastern Region to produce cement. This is a new cement standard approved by the Ghana Standards Board which allows the use of local limestone for cement production. As a result, the company has reduced the price of cement by 1,000 Cedis per bag. Bjarne Schmidt, the Managing Director of Ghacem, said this on Monday when he launched its new product, Ghacem Super Strength Portland Limestone Cement (PLC) Class 42.5. He sa... |
Russian cement data02 November 2004, Published under Cement NewsThe Russian cement industry continues to improve its perform and output data with latest figures for the first nine months of 2004 showing that 35.2Mt of cement was produced in the period, an increase of 12 per cent from the figure posted in January-September 2003. Eurocement remains the major cement maker, having produced about 6Mt of cement in the period. |
Strong 3Q04 earnings from SCCC01 November 2004, Published under Cement NewsSiam City Cement (SCCC) reported strong 3Q04 earnings with a net profit of Bt1,112mn (EPS Bt4.62), up 17 per cent qoq and 58 per cent yoy. The strong rise qoq was the result of an upturn in sales and gross margins, while selling and administrative expenses to sales fell. SCCC sales were very strong at Bt5,284mn, up 10 qoq and 26 per cent yoy, surprising in that domestic cement demand was up only 2% qoq and 12 per cent yoy. The strong increase in SCCC sales, when compared with the total m... |
Indonesia’s Semen Cibinong reverses01 November 2004, Published under Cement NewsIndonesia’s Semen Cibinong reverses into the red in Jan-Sept on forex loss. PT Semen Cibinong posted a nine months to September net loss of 379.26 bln rupiah, a reversal from a net profit of 241.52 bln in the same period last year due to a weaker performance at operating level, as well as a foreign exchange loss. The company, Indonesia’s third largest cement maker, said its sales for the period grew to 1.75 trln rupiah from 1.70 trln previously, but operating its loss widened to 40.39 bln fr... |
TPIPL creditors approve restructuring plan01 November 2004, Published under Cement NewsCreditors of TPI Polene Plc overwhelmingly approved changes to the company’s debt restructuring plan, the Bangkok Post reports. The changes will allow TPIPL, the country’s third largest cement producer, to repay 5.1 billion baht in accrued interest through cash. The plan had previously called for the unpaid interest and fees to be converted into equity. Some 99.89% of participating creditors, representing debt of 25.3 billion baht, approved the amendment, according to official receivers... |