Cement News tagged under: international
French loan to help Vietnam project21 October 2004, Published under Cement NewsHANOI, Oct 20 Asia Pulse - A cement plant will be built in the southern province of Binh Phuoc at cost of VND4.7 trillion (US$302m), $150 million of which will be loaned by the Societe Generale bank. Ha Tien Cement Plant No 1 under the Vietnam Cement Corporation and the Societe Generale Bank of France signed a loan agreement in Ho Chi Minh City last Friday. The 44-month project will cover the design and installation of a 1.6Mta clinker production chain and two grinding systems with a... |
Contractors file cement claims21 October 2004, Published under Cement NewsThe UAE Contractors Association is to ask its 700 members to submit claims for losses due to high cement prices in the local market, reported Gulf News. Officials said once the claims had been assessed they would submit them to the Ministry of Economy and Commerce to examine ways to recover the losses or part of them. |
ENCI cuts 470 jobs20 October 2004, Published under Cement NewsCement manufacturer ENCI announced plans Tuesday to cut 270 jobs in the Netherlands and a further 200 in Belgium. A subsidiary of Heidelberg Cement, ENCI employs 1200 workers in the Netherlands and most job losses will take place in Maastricht, but the grinding plant will continue to operate in the southern Dutch city. Further job losses are also expected to take place in IJmuiden and Rotterdam, Dutch public news service NOS reported. ENCI also opted to end operations at the Sint Pi... |
Budget boost to increase INC 2004 production, Paraguay20 October 2004, Published under Cement NewsParaguay’s government has passed a law increasing state cement company Industria Nacional del Cemento’s (INC) annual budget by 46.1bn guaraniés (US$7.7m), local paper ABC Color reported. The increase will allow the INC to purchase the remaining needed supplies to produce 13 million bags of cement this year, up 44.4% from the initial planned production, the paper quoted INC head Amílcar Troche as saying. Troche said the company would be able to meet local demand, including road-paving... |
Qatar National Cement Co profit reaches US$36.3m Jan-Sept 200420 October 2004, Published under Cement NewsThe Qatar National Cement Company (QNCC) registered a net profit of 132m Qatari riyals (US$36.3m) in the first nine months of 2004, up from 111m riyals (US$30.5m) in the same period of 2003. QNCC sales increased to about 323m riyals ($88.74m) in the first nine months of 2004 from 213m ($58.5m) in the same period of 2003 and shareholders’ equity climbed to 1.074 bln riyals ($295.1m) from 886m ($243.4m). QNCC increased its net profit to 95.7m riyals (US$26.3m) in the first half of 2004,... |
Cemex vows free cement for government project, Philippines20 October 2004, Published under Cement NewsCemex Philippines president Jaime Ruiz de Jaro has offered to supply free cement for eight bridges along the Alegria-Malabuyoc national road. The provincial government itself would apply the asphalt on road and the concrete on bridges in line with the national government’s austerity measures. Garcia said the only condition set by Cemex Philippines, formerly the Apo Cement Plant which is based in Naga, Cebu, is for the provincial government to pick the sacks of cement from its plant to ... |
Hawaiian Cement parent acquires quarry20 October 2004, Published under Cement NewsNorth Dakota-based Knife River Corp., parent of Hawaiian Cement, has acquired Pohakulepo Quarry on Maui for an undisclosed price. Hawaiian Cement, which is operated independently but is part of Knife River’s family of companies, will operate the quarry, which has annual revenues of about $2 million. Hawaiian Cement has helped build Hawaii’s infrastructure since 1959 by supplying cement through a network of terminals on all the major islands. The company supplies concrete and aggregat... |
Cement consumption up 3.78% in nine months, Spain20 October 2004, Published under Cement NewsCement consumption in the nine months to September was up 3.78 percent from the same period a year earlier at 36.23 metric tones, industry association Oficemen said. Production of cement in the same period was up 4.31 percent year-on-year at 34.85 million metric tons. Exports grew 12.7 percent in the nine months, while imports fell 1.9 percent. Consumption in September alone was up 4.27 percent. |
Yamama Cement Co Jan-Sept 2004 net profit reaches $119.8m, Saudi Arabia20 October 2004, Published under Cement NewsSaudi cement producer Yamama Cement Company (YCC) registered a 59.8 per cent YoY increase in net profit to 449.4m Saudi riyals (US$119.8m) for the first nine months of 2004. The profit for the period included extraordinary income of 144.8m riyals ($38.6m) generated from the sale of YCC’s stake in the Saudi Industrial Investment Group (SIIG) in April 2004. YCC sold 2.695Mt of cement in the first nine months of 2004, up from 2.364Mt. |
China cement forecast19 October 2004, Published under Cement NewsDemand for cement in China will advance 5.4 percent annually and exceed 1bn tonnes in 2008, driven by slowing, but healthy growth in construction expenditures. Cement used in China will amount to 44 percent of global demand,and China will remain the world’s largest national consumer of cement by a large margin. These and other trends are presented in Cement in China, a new study from The Freedonia Group, Inc., a Cleveland-based industrial market research firm. Ready-mix concrete manufactu... |