Cement News tagged under: international
Gujarat Ambuja boost sales, new plant set for October commissioning, India02 September 2004, Published under Cement NewsGujarat Ambuja Cements Ltd, India’s third-largest cement maker, said higher exports boosted the company’s August sales by six per cent on year, despite a weeklong truckers’ strike and the monsoon season. "We were expecting a negative growth in the August sales numbers due to the strike and seasonal factors. But good exports helped us tide over those problems," the company’s executive director Anil Singhvi said. India’s largest cement exporter said its August cement sales totaled 1Mt, ... |
GCC prepays US$90m in debt, Mexico02 September 2004, Published under Cement NewsMexican cement producer Grupo Cementos de Chihuahua has prepaid US$90m in bank debt, reducing overall debt by 39.3 per cent to MXP1.56bn (US$134mn), GCC told Mexico City’s bourse. The company is prepaying US$80m in debt approved by a syndicate of six financial institutions in 2002, plus MXP100m in bank credits due 2010, said the filing. GCC reported MXP175m in net profit in the second quarter 2004, up three per cent YoY as sales grew and financing costs and income tax fell. Net sales... |
Titan doubles capacity in Bulgaria H1 200402 September 2004, Published under Cement NewsTitan Cement has doubled its production capacity in Bulgaria to 1Mt of cement in the first half of 2004. Titan doubled its production capacity following the acquisition of Bulgarian cement plant in Zlatna Panega. The acquisition deal was signed in December 2003 but the anti-trust watchdog approved the deal in March 2004. After acquiring Bulgarian Zlatna Panega Cement, Titan market share in Bulgaria rose to over 22 per cent in cement production and about 27 per cent in cement sales. T... |
Construction plans for proposed US$300m cement plant and associated facilities, Vietnam02 September 2004, Published under Cement NewsThe local Vietnam Construction & Import-Export Corp is currently gearing-up to build a new cement plant and associated facilities in the country. Construction plans under consideration call for building a factory with an installed production capacity of 2.3Mta of cement; grinding station with a capacity of 1.48 tpa of cement; limestone and clay quarry; deep sea ports capable of handling 15,000t vessels to be sited in Quang Ninh and another port in southern Ba Ria-Vung Tau province’s My Xua... |
Cement firms seek to tap Middle East potential, India02 September 2004, Published under Cement NewsIndian cement and steel companies plan to set up units in the Gulf to tap the potential of over 10 free trade zones in the region. There is an increasing demands for cement and steel in the Middle East due to the infrastructure and development work being undertaken, reports BS. According to cement industry sources, Gujarat Ambuja and Sanghi Cements plan to set up units in the Gulf as raw materials are cheap there. The reconstruction of Iraq is a key reason for the spurt in demand f... |
Federal Government to ban cement imports, Nigeria02 September 2004, Published under Cement NewsWith the promise by the Federal Government to ban the importation of cement in 2006, the President of Dangote Group, Alhaji Aliko Dangote has said that the country stands to earn over N39bn in foreign exchange by exporting the commodity. Speaking with journalists Dangote allayed the fears that the situation could lead to a galloping increase in the price of the commodity. "The gap that will be created by the ban would have been closed before then," he assured. According to him, "... |
Wienerberger is building a further brick plant in Hungary02 September 2004, Published under Cement NewsWienerberger has started the construction of a new brick works at Tiszavasvari in north-eastern Hungary. The plant, which is scheduled to come on stream in the late summer or early autumn of next year, will have an annual capacity of 140m standard size hollow bricks and represents an investment of EUR21m. This investment follows the recent doubling of capacity at the Kisbér works this year and will bring the total number of the groups brick plants in Hungary to 14. |
Creaton reports sharp improvement in first half profit02 September 2004, Published under Cement NewsThe leading German clay tile producer Creaton increased its trading profit for the first six months of the year from EUR1.5m to EUR4.0m on a broadly static turnover of EUR57.5m. Exports rose by some five per cent to EUR13.9m, with sales in Hungary, where Creaton is currently building a plain roof tile plant, being particularly strong. While the German market shows no signs of revival, the reduction in the cost base on the back of recent investment and a continuing shift in the product mix t... |
CRH may invest in China01 September 2004, Published under Cement NewsCRH is weighing up the possibility of investing in two of the world’s largest but also most underdeveloped economies, China and Russia. The building materials giant’s acquisition pipeline remains busy and is expected to deliver up new deals this year to add to the EUR700m first-half investment spend. But topping last year’s EUR1.6bn total might be a tall order. Chief executive Liam O’Mahony visited China earlier this year to evaluate for himself how the group could exploit the ob... |
Cemex averts shutdown of Antipolo plant, Philippines01 September 2004, Published under Cement NewsTwo orders issued by the Department of Trade and Industry (DTI) over the weekend have averted the shutdown of the Antipolo plant of Cemex Philippines, whose Island Portland Cement was banned from the market on Aug. 12 for allegedly being "substandard." A clarification issued by the DTI’s Office of Legal Affairs last Friday indicated that the ban no longer included the "Palitada King" brand of masonry cement, Cemex’s unit Solid Cement Corp. yesterday said. DTI had prohibited Solid Cement ... |