Cement News tagged under: international
Arabian Cement news01 November 2004, Published under Cement NewsSaudi cement producer Arabian Cement Company (ACC) ACC, based in Jeddah, western Saudi Arabia, posted a net profit of 261 mln Saudi riyals ($69.6m) for the first nine months of 2004, up from 160 mln riyals ($42.7m) in the year-ago period. ACC’s sales stood at 444.6 mln riyals ($118.6m), up 9.7 per cent, while the cost of sales rose 3.9 per cent to 235.8 mln riyals ($62.9m). As a result, gross profit totalled 208.8 mln riyals ($55.7m), a 17.2 per cent increase. ACC’s total assets stood at... |
Program aims to improve skills01 November 2004, Published under Cement NewsCorporate social responsibility is one of the touchstones for Union Cement Corp.’s (UCC) strategic and sustainable business direction. Working in partnership with the Technical Education and Skills Development Authority (TESDA), Philippine Constructors Association (PCA), and National Union of Building and Construction Workers (NUBCW), UCC takes its commitment one step further with the launch of the "Holcim Galing Mason" program, a project that aims to enhance the knowledge and skills of mas... |
Spanish terminal developments29 October 2004, Published under Cement NewsAs reported yesterday, Italian cement group Buzzi Unicem has acquired a 68 per cent stake in Orionidas, a fledgling Spanish import company, involving former Agrox officials, for around Euro 680,000. Orionidas had tried to set up a new grinding facility in the port of Alicante but because of difficulties in sourcing clinker (among other things) decided to approach Buzzi Unicem to affect a sale. For its part, Buzzi Unicem, which is sparring with Cemex over various regional trading issues, ... |
UK to request higher emissions trading allowance29 October 2004, Published under Cement NewsUK government said Wednesday it planned to ask the European Commission for a somewhat larger share of the greenhouse gas emissions allowances that are to begin trading on an EU carbon market next year. British installations covered by the trading scheme say their emissions for 2005-7 are now expected to be 56.1 million tonnes of carbon dioxidehigher than a projection made in April, the goverment said in a statement. Because of this 7.6-percent increase in output, it will be more costly for B... |
Price fall is seasonal claims Sanghi Cement29 October 2004, Published under Cement NewsSanghi Cement, a Gujarat based manufacturer, which has recently doubled its capacity is said to have triggered a price fall in Gujarat. Hemant Pandey of Sanghi Industries, however, said that the company was not responsible for the price fall. He said, "The prices have weakened in the state because of three to four factors in this month. First, because of Navratri, everything comes to a standstill during Navratri. Most of the labourers are out of the construction site, most of the constructio... |
Lafarge not bidding for Loma Negra for time being29 October 2004, Published under Cement NewsLafarge, the world’s largest cement maker, is not bidding for now for Loma Negra, Argentina’s largest cement company, but might have a change of heart in future if the price is right, CEO Bernard Kasriel said. In an interview with Reuters late on Thursday, Lafarge’s Kasriel said: "We are not in the game for now, but may be in future." Loma Negra, which accounts for 48 per cent of the Argentine cement market, is putting itself up for sale in a possible $1 billion deal. Analysts have said t... |
High realisations boost ACC28 October 2004, Published under Cement NewsAssociated Cement Companies (ACC) reported a 182 per cent increase in net profit to Rs78.6 crore (US$11.72m) for the second quarter ended September 30 (Rs 27.9 crore for the corresponding quarter of the previous year). Total income grew by 19 per cent to Rs918.96 crore (Rs774.69 crore). Cement sales during the quarter under review was 37.3 lakh tonne (3.723Mt). However, the increase in turnover was a result of improved price realisation over the last year, an ACC release said. The goo... |
Thai TPIP creditors approve debt plan28 October 2004, Published under Cement NewsCreditors of TPI Polene PCL, Thailand’s No. 3 cement maker, approved on Thursday a plan to restructure its $600 million debt, a Justice Ministry official said, driving its shares up nearly three percent. "Some 99.89 percent of creditors voted in favour of the company’s request to revise the debt plan," he told reporters. The major creditors include Bangkok Bank, Krung Thai Bank and German development bank Kreditanstalt fuer Wiederaufbau. The vote will enable the firm to extend its debt ... |
Buzzi Unicem expands in Spain28 October 2004, Published under Cement NewsItalian cement group Buzzi Unicem has acquired a 68 per cent stake in Orionidas, a fledgling Spanish import company, for around Euro 680,000. Orionidas had tried to set up a new grinding facility in the port of Alicante but because of difficulties in sourcing clinker (among other things) decided to approach Buzzi Unicem to affect a sale. For its part, Buzzi Unicem, which is sparring with Cemex over various regional trading issues, the opportunity to gain access into the Spanish market in... |
Chinese Firm To Invest $100m in New Cement Plant in UAE Fujairah28 October 2004, Published under Cement NewsA Chinese company will invest over $100m to establish a new cement plant in the UAE emirate of Fujairah, it was reported on October 27, 2004. Construction works on the new plant, which will be set up in the emirate’s al-Tawyeen area, are expected to start in mid-November 2004. All phases of the project are to be completed and the plant is to be ready to start operations within a two-year period. The Chinese company will carry out all stages of the project and will operate the new plant. The... |