Cement News tagged under: international
Moctezuma’s Cerritos plant to double capacity in 2006, Mexico01 September 2004, Published under Cement NewsMexican cement company Corporación Moctezuma will launch a second, 1.3Mta cement production line in 2006 at its newly inaugurated plant in Cerritos, San Luis Potosí state, a company official said. Construction of the US$90m line began in May, while Moctezuma officially opened the US$150m Cerritos plant end-July that has one 1.3Mta production line in operation. Moctezuma posted first half sales of 1.68bn (US$147m), up 8.3 per cent from 1H03, while net profit fell 11.2 per cent to MXP... |
Cimpor thinking of expanding South Africa capacity01 September 2004, Published under Cement NewsCimpor is studying a possible investment in increasing the production capacity at South African subsidiary NPC - Natal Portland Cement, bought in 2002, a Cimpor spokesman told Jornal de Negocios. The spokesman would not say how much Cimpor is thinking of investing but said the expansion might be carried out through expansion of existing plants, construction of new plants or the acquisition of cement works. |
Manufacturers explain cement price increase, Nigeria01 September 2004, Published under Cement NewsCement manufacturers in Nigeria have given insight to the continued escalation in the price of cements, attributing it to high cost of raw materials. Besides, the group pointed to the cost of packaging materials as contributing to the rise in the finished products. The manufacturers also highlighted problems responsible for the shortfall in local production of the commodity. They listed the shortfall in energy supply to the industry and inadequate supply of bags for packaging and poo... |
Excess supply hits southern cement firms, India01 September 2004, Published under Cement NewsLower price realisation has hit southern cement companies, as opposed to their northern counterparts, which have been thriving on higher exports. The revenues of southern companies have also been affected due to excess supply in the South, particularly in Andhra Pradesh. Even the three major southern players - India Cement, Madras Cement and Chettinad Cement - were affected by lower price realisation, as was evident from their first quarter results this fiscal. India Cement, the leader... |
Consumption rises 2.67Mt in July, Indonesia01 September 2004, Published under Cement NewsIndonesia’s cement consumption rose slightly by 1.8 per cent to 2.67Mt in July this year from the same period last year. Data at the Association of Cement producer (ASI) showed that cement exports, however, rose sharply by 29.7 per cent to 849,289t YoY in July. Cement sales, therefore, totalled 3.49Mt in July 2004 up from 3.25Mt in the same month a year before. Cement consumption in the first 7 months of this year totalled 16.48t and exports totalled 4.44Mt bringing total sales to aroun... |
Spanish producers first half rise01 September 2004, Published under Cement NewsSpanish cement maker Cementos Portland Valderrivas SA posted a net attributable profit of EUR50.9m (US$61.5m) for the first half of 2004, a 5.1 per cent YoY decrease, the company said. EBITDA increased slightly to EUR129.2m (US$156.2m). The consolidated turnover of Cementos Portland stood at EUR440.8m, up 5.5 per cent. Sales of cement and clinker totalled 5.1Mt, up 6.2 per cent, sales of concrete totalled 2.6M3, up four per cent, sales of aggregate rose 33.8 per cent to 9.5Mt and sale... |
St Lawrence asks for more time, USA01 September 2004, Published under Cement NewsAfter revising its proposal to build a cement plant in Columbia County, St. Lawrence Cement Co. has asked the state Department of Environmental Conservation to hold off on its decisions about the company’s controversial project. St Lawrence wants to close its 40-year-old plant in Catskill and build a $353m plant with three times its capacity in an existing mine in the Town of Greenport. The company’s request followed its announcement last month that it had redesigned its plant to mak... |
Argos to sell La Jagua coal mine, Colombia01 September 2004, Published under Cement NewsColombia’s leading cement producer Argos and its affiliates are to sell the La Jagua coal mine in César department to Swiss-based Glencore International, Argos said in a filing to Colombia’s securities regulator. The sale by Argos and affiliates Cementos del Caribe and CI Carbones del Caribe is to be completed December 31. A price for the transaction has not been given. In April, Cementos del Caribe and CI Carbones del Caribe announced their intention to sell La Jagua and the Cerro L... |
Krasnoyarsk Cement to put third kiln into operation, Russia01 September 2004, Published under Cement NewsKrasnoyarsk Cement should raise RUR20-25mln to put into operation its third kiln, General Director of Topkinsky Cement Igor Khrapov said. As of now, two kilns have been put into operation, the kiln furnace is scheduled to come on stream in spring 2005, the remaining kilns will be gradually repaired, Independent News Agency said. Krasnoyarsk Cement will produce 350,000-380,000t of cement in 2004. The company produced 200,000t of cement in 2003, the agency added. |
FLS sees good demand for new kiln capacity31 August 2004, Published under Cement NewsTurnover at FLS Industries rose by 8.7% to DKr.7767m (€1,031m) during the first half of 2004, while the EBITDA, though still modest, rose from DKr.27m (€3.6m) to DKr.362m (€48.7m). The trading profit was a positive DKr.96m (€12.9m) compared with a DKr.353m (€47.4m) loss last time. However, the lack of a positive contribution from asset disposals and higher financial charges led to the pre-tax number turning negative and showing a modest loss of DKr.27m (€3.6m). The agreed sale of Aalborg P... |