Cement News tagged under: international
Cementir more than doubles17 August 2004, Published under Cement NewsCementir’s first half turnover rose by 6.3 per cent to €151.1m, with the Italian operations contributing €99.5m, an increase of just 1.1 per cent while the sales value at Cementas in Turkey rose by 18.1 per cent to €51.6m. The improvement in Turkish cement volumes and prices had a more market effect on profitability and Cementas’ EBITDA for the period rose by 160 per cent to €10.1m, but at 19.6 per cent the margin has plenty of room for further improvement, even if the group’s downstream op... |
Cement workers vote for strike17 August 2004, Published under Cement NewsThe Irish cement industry is on the verge of full scale industrial action after the majority union representing workers at Platin Cement in Drogheda voted unanimously to strike at the end of the week over pay and conditions at the plant. The ongoing dispute - which began 15 months ago - is also affecting workers at the Limerick plant although no notice of strike action has been filed at the facility where SIPTU is the main union. Meanwhile, the Irish Independent News has learned t... |
Jakarta Offers to Buy Cemex’s Gresik stake17 August 2004, Published under Cement NewsIndonesia’s government said it has moved to end a dispute involving Mexico’s Cemex SA by proposing to buy back the company’s stake in cement maker PT Semen Gresik. Cemex, which owns a 25.53 per cent stake in Gresik, has struggled to complete a 1999 deal to take over the state-owned company. Its problems include a battle with the legislature in the province of West Sumatra, which has vowed it would take over a Gresik subsidiary, PT Semen Padang, to prevent its sale. The Mexican cemen... |
Mexican cement imports still stalled17 August 2004, Published under Cement NewsMexico’s federal customs agency has one month to decide whether to let cement company CDM (Comercio para el Desarrollo Mexicano) unload cargo at Altamira port, a port official told Bnamericas news. Meanwhile, CDM’s ship, the Mary Nour, has to remain in the east-coast port with its 27,000t of cement aboard, the official said. The company presented documents in the past week to customs, pressing its case to unload and eventually sell the cement. The Altamira port official said CDM tried to ... |
India’s cement output up 8.49% in July17 August 2004, Published under Cement NewsCement production increased 8.49 per cent to 10.22Mt in July 2004 from 9.42Mt in the same month one year previous. Dispatches also rose by 8.76 per cent to 10.06Mt from 9.25Mt during the review period, according to the latest updates of Cement Manufacturers’Association. Production recorded 4.22 per cent increase in April-July 2004 to 40.99Mt from 39.33Mt in the same period last year. Dispatches also rose 3.86 per cent to 40.66Mt from 39.15Mt in the four-month review period. The capacit... |
Brazil construction to resume growth17 August 2004, Published under Cement NewsBrazil’s civil construction industry, one of the most affected by the past year’s recession, appears to have resumed growth after a year and a half of crisis, as cement consumption rose along with sales of apartments in the economic hub of Sao Paulo. Responsible for 10 per cent of the Brazilian gross domestic product (GDP) and one of the last sectors to react to the economic recovery, the civil construction is enjoying the effects of other activities’ expansion, such as industry and... |
Cemex anti-competitive?16 August 2004, Published under Cement NewsJordan’s CTI Group alleged on Friday that Mexico’s Cemex, the world’s No 3 cement maker, was seeking to prevent competition in its lucrative home market by blocking a ship from unloading there. Nader Dajani, head of Amman-based CTI, a holding company for cement trading houses and owners of floating cement terminals, said this was the latest move in a successful drive by the world’s four biggest cement producers over the past decade to strangle competition from independent shippers. ... |
Indonesian cement gains16 August 2004, Published under Cement NewsState-owned firm, PT Semen Gresik, the country’s largest integrated cement producer, has projected that the cement industry will fully recover next year on the back of robust demand for property and an increase in infrastructure projects funded by the government. The East Java-based company has a total installed capacity of 17.2Mt at present, with 5.5Mt and 3.5Mt derived respectively from its subsidiaries PT Semen Padang in West Sumatra and PT Semen Tonasa in South Sulawesi. Semen Gres... |
Syria’s cement market rising16 August 2004, Published under Cement NewsSyria’s consumption of cement is expected to reach 6.4Mt this year, according to Hassan Beydoun, Director-General of OMRAN the state-owned company affiliated to the Ministry of Economy and in charge of the import and export of building materials. This figure is a 16% rise from last year’s total demand of 5.5Mt. Rising demand for cement in the last two years, and limited imports from OMRAN, the only company authorized to import cement, has created a black market in the cement industry. ... |
Lawsuit against two companies16 August 2004, Published under Cement NewsA group of Palestinians have filed a lawsuit at Nablus court against Toraify and Baraka companies charging them of selling cement to Zionist companies, which in turn used the Egyptian cement in the separation fence construction. The Palestinians grouped political science lecturer in Al-Najah University Abdul-Sattar Qassem, two lawyers and eight others. Part of the racist fence was built on lands owned by Qassem, who asked for a symbolic compensation of 5,000 dollars and pointed out that the ... |