Cement News tagged under: international
Group results show satisfying trend27 August 2004, Published under Cement NewsHolcim reported strong operating gains in the first half of 2004 and has posted solid financial results. This encouraging performance was shaped by an increase in building activity since the second half of 2003 and by more favorable weather conditions for construction work in Europe and North America. The unique geographic spread, with a strong focus on growth markets, was also an important factor in renewed margin improvements, as were further advances in operating efficiency. The ... |
Paz del Río cement plant project faces opposition27 August 2004, Published under Cement NewsColombian cement producer Cementos Paz del Río is facing resistance to plans to develop an open-pit limestone quarry near Albán, Valle del Cauca department, national daily El Tiempo reported. For several years Cementos Paz del Río has been wanting to develop a cement plant in Cerro Negro located in the Los Alpes area that mayor Néstor González says is the source of water for seven population centers. Twenty-two mayors of neighboring municipalities are said to be against the projec... |
Govt suspends cement import duties27 August 2004, Published under Cement NewsGuyana’s government has suspended duties on cement imports for a year to encourage local firms to import the product from outside the Caribbean, local press reported. The decision was made after it became clear that the regional supplier, Trinidad Cement Limited (TCL), will be unable to meet demand in Guyana, despite assurances from the company to the contrary, Guyana’s cabinet secretary Robert Luncheon was quoted as saying. "The shortages are fast becoming endemic in relation to the... |
Construction firms fear higher prices27 August 2004, Published under Cement NewsThe Construction Industry Authority of the Philippines (CIAP) yesterday warned that the recent oil price increases and the closure of a major cement firm is expected to push up prices of construction materials. In a statement, CIAP noted that even before the latest P0.35 per liter increase in petroleum prices on Monday, there has been an alarming jump in the prices of cement and steel. CIAP said cement prices soared by as much as 20 percent for every 40-kilogram sack, and is now b... |
Excessive increase in capacity27 August 2004, Published under Cement NewsHectic construction investment growth and brisk demand on the cement market have stimulated drastic growth in cement production capacity in Northwest China¡&hibar;s Ningxia Hui Autonomous Region. The total cement production capacity in the region has reached about 6.9Mt and is expected to shoot up to nearly 10Mt. But the demand is estimated to be only about 6Mt for this year and about 6.8-7.0Mt next year. |
Australia Adel Brighton H1 profits up26 August 2004, Published under Cement NewsAustralian cement producer Adelaide Brighton said on Thursday its first-half profit rose 5.7 per cent, fuelled by construction demand and acquisitions, and it expected a stronger second half. The company said robust demand for cement was expected to continue for at least the next two years and strength in the commercial, engineering and infrastructure sectors would offset any regional residential construction downturn. For the full year, Adelaide Brighton said it was comfortable with re... |
Building materials shortages26 August 2004, Published under Cement NewsThis month, the US National Association of Home Builders reported that shortages in cement and other building materials threatens record home-construction levels. After conducting a national survey in July, the group reported that rising construction material prices have added between $5,000 and $7,000 to new home building costs. "Left unchecked, these factors could result in serious disruptions to the housing market," said association CEO Jerry Howard in a press release. The survey re... |
Ultra Tech CemCo makes damp debut26 August 2004, Published under Cement NewsThe Aditya Birla group-controlled Ultra Tech CemCo on Tuesday made a lacklustre debut on the bourses. The company, which was created by demerging the cement business of Larsen & Toubro where Grasim Industries acquired a majority stake, got listed at Rs 299 and weakened during the day to close at Rs 260.35. Ultra Tech CemCo’s closing price on its first day of trading is at a 24% discount to Grasim Industries’ open offer price of Rs 342.6. Grasim Industries, which made an open offer for Ul... |
Eurocement enterprises up cement production26 August 2004, Published under Cement NewsFactories belonging to Eurocement Holding, Russia have accelerated the cement production by 4% on year to 4.4Mt in Jan.-July, the holding said. Production rose to 5.4Mt with Eurocement-affiliated Katavsky Cement and Neviyansky Cementnik taken into account. |
Modernisation of Thomaston plant complete26 August 2004, Published under Cement NewsDragon Cement and Concrete announced today it has completed a $50 million modernisation of its cement plant in Thomaston, USA, the first major expansion of New England’s only cement plant since 1971. The modernization included a US$10m dollar upgrade of Dragon’s distribution system including the acquisition of new railcars and construction of new storage capacity. Dragon President Joseph Koch said the modernisation changes the plant to a more environmentally efficient process while incre... |