Cement News tagged under: international
Cements crumble on price news13 August 2004, Published under Cement NewsA report that Egypt’s government was looking into recent cement price rises dragged down the price of some cement stocks on an Egyptian bourse which was broadly unchanged on Thursday, traders said. A report in al-Alam al-Youm newspaper that Foreign Trade and Industry Minister Rashid Mohamed Rashid met cement producers to discuss price rises fuelled some speculation the government may put pressure on producers to cut prices, one trader said. Tourah Portland Cement and Sinai Cement were am... |
Could Cemex manoeuvres backfire?13 August 2004, Published under Cement NewsThe Mary Nour saga continues apace although for the crew idling time away in the port of Altamira, it might look as if they will have to wait some further time before they are eventually able to discharge their 26,200t of Russian-sourced cement or asked to leave Mexico for other shores. Throughout Cemex claims that it is only looking to protect its own terminal facilities in the port of Tampico and emphasises that its position "always has been and will be in favour of the free trade and i... |
Argentine cement maker seeks buyer12 August 2004, Published under Cement NewsLoma Negra, Argentina’s largest cement company, is putting itself up for sale in a deal that could attract global industry powerhouses, people familiar with the matter said. Bankers say the company is talking about a preliminary sale figure of $1 billion. Closely held Loma Negra, which commands a 48% share of Argentina’s domestic market, could be attractive to global cement groups such as France’s Lafarge SA and Mexico’s Cemex SA -- respectively the world’s No. 1 and No. 3 cement makers --... |
Siam Cement to up imports12 August 2004, Published under Cement NewsSiam Cement Group plans to increase its construction material imports from China over the next five years to the tune of Bt6 billion as Thailand’s largest building-supplies maker taps China’s lower production costs. Through the group’s trading arm, SCT Trading Co, the conglomerate early this year started importing materials such as ceramic tiles, sanitary ware and hardware tools from China to retail at its Cementhai Homemarts, SCT managing director Kalin Sarasin said. The firm aims to use... |
Hercules Cement to reopen rail spur12 August 2004, Published under Cement NewsHercules Cement Co. plans to spend $750,000 to reconstruct a rail spur that will allow the Stockertown company to keep its kilns running as close to year-round as possible. "When we have snowy weather like we did last year, we fill up with product and we shut down," said Joe Pospisil, Hercules’ vice president of manufacturing. "By having a rail line we can ship cement out to our sister plants and keep running." Hercules discontinued its permanent rail-loading system some time ago, Pospi... |
Melón posts profits12 August 2004, Published under Cement NewsChilean cement company Empresas Melón (owned by Lafarge) posted a 12.8bn-peso (US$20m) consolidated net profit in the first half, up 11.2% from 1H03, the company said in a filing to the country’s securities regulator (SVS). For the period, revenue grew 2.25% to 71.4bn pesos and operating profit rose 3.59% to 14.9bn pesos. In 2003, Melón posted a 16.6bn-peso consolidated net profit, up 6.68% from the year before. For the first half of 2004, Melón held the top market share position in re... |
Not for consumption12 August 2004, Published under Cement NewsHima Cement, has donated four tonnes of cement to the Child Welfare and Adoption Society. The society uns Nsambya Babies Home, which looks after helpless children. The cement is for Kampala City View uesthouse, a project that is expected to raise half of the home’s income when completed. Sr. Frances boyire, the Administrative Manager of the Society, received the donation from Mr Geoffrey Ndugwa , the Hima Cement Key Accounts Manager. Mboyire thanked Hima and called upon other firms to aid ... |
Organised protest against Mary Nour12 August 2004, Published under Cement NewsAbout 60 workers representing the Mexican cement workers union have staged a dockside protest against the discharge of some 27,000t of Russian cement from the Mary Nour. Spokesmen for the group claim that this imported cement will mean a loss of jobs and wages. Local TV reporters claim that over the weekend officials from Altamira’s mayors office, and the General director of the port of Altamira met with officials from Cemex and the Mexican Cement Association to discuss this matter and t... |
FLS Industries Sells Units To Cementir For DKK4.4B12 August 2004, Published under Cement NewsFLS Industries today (Thursday) said it had signed an agreement with Cementir SpA, the Italian cement group (CEM.MI) to sell all its shares in Aalborg Portland A/S and Unicon A/S, its two wholly-owned subsidiaries which produce and market cement and ready-mixed concrete, respectively. The process of selling the two companies was announced and initiated at the beginning of March 2004. As a result of the sale of shares, which is being effected more quickly than expected, Cementir will takeo... |
Mary Nour – international trade implications11 August 2004, Published under Cement NewsStill held up in the port of Altamira and unable to discharge its cargo of some 27,000t of imported Russian cement, the Mary Nour case is now beginning to attract international attention, with the Mexican General Port Authority now keen to shift the blame for the ship’s inability to discharge onto the Mexican Customs who apparently continue to stonewall the ships crew and receivers by their unwillingness to issue any relevant clearance permitting the vessel to commence discharge. Message... |