Cement News tagged under: international
Gujarat Ambuja lines up global push11 August 2004, Published under Cement NewsGujarat Ambuja Cement has plans to go global. The cement major is exploring opportunities to set up operations in the Middle East and European region. Sources familiar with the development told Business Standard, “The company is looking at either setting up manufacturing facilities in the Middle East or buying out some existing units. It may join hands with some local partners to set shop abroad.” Gujarat Ambuja has received some proposals from European players in this regard, sources po... |
Supreme Court under pressure11 August 2004, Published under Cement NewsJapanese-owned cement importer Southern Cross Cement Corp yesterday lashed out at the Department of Trade and Industry (DTI) and local cement manufacturers, saying pressure was being applied on the Supreme Court (SC) to reverse a decision declaring safeguard duties on imported cement as illegal. In a statement, the firm accused the DTI and its competitors of violating the sub judice rule and of issuing "false, misleading, and irrelevant statements" to the media. Southern Cross claimed ... |
Cement shortage flows slowly into St Louis, USA11 August 2004, Published under Cement NewsA growing national cement shortage has reached St Louis, raising concerns about construction delays. But for now, no one seems to be pushing the panic button over the supply of cement, the building block of concrete. "It hasn’t hit us hard, but it’s starting to creep into the market," said Len Toenjes, president of the Associated General Contractors of St. Louis. "We are working on the MetroLink project, and we have not had any issue being able to get concrete delivery," said Kevin Kun... |
Austerity measures upset Anhui Conch11 August 2004, Published under Cement NewsImpressive first-half profit growth at Anhui Conch Cement, the mainland’s largest cement maker, is unlikely to continue for the rest of the year as the industry braces for waning demand and falling sale prices. Analysts said the sector was under siege on almost all fronts, with the country’s intensified austerity measures and a power and coal supply crunch taking heavy tolls on demand and supply of cement. Stringent cost controls helped lift the company’s net profit more than threef... |
Pushka Cement Plant11 August 2004, Published under Cement NewsShareholders of the Pushka cement and slate plant (Kramatorsk, Donetsk region) changed the name of the enterprise to Kramatorsk Cement Plant Pushka at their extraordinary meeting on July 14. Pushka finished 2003 with net profits of UAH 0.827 million. In 2003, its income increased by 14.9% or UAH 15.134 million to UAH 116.525million. The plant is capable of producing 580,000tpa of cement, and 300 million conventional slates a year. In 2004, the Inteko company (Russia) bought about 90 per... |
Egyptian cement output11 August 2004, Published under Cement NewsEgypt’s cement output stood at 2.502Mt in April 2004, down from 2.511Mt in March 2004, the Central Bank of Egypt (CBE) said in a report. Local cement sales reached 2.295Mt in April 2004, compared to 2.505Mt in March 2004 and 1.878Mt in February 2004. Egypt exported 1.075Mt of cement in April 2004, against 1.205Mt and 795,000t in March and February 2004 respectively. Egypt’s cement output stood at 28.945Mt in 2003. Local consumption totalled 26.602Mt during the year, while exports stood ... |
Profits surge at Anhui Conch10 August 2004, Published under Cement NewsAnhui Conch Cement, China’s largest cement producer by sales and production volume, said first-half net profit rose by more than 2.5 times as prices surged on the back of the country’s property boom. Net profits jumped to CNY794m (HK$748.5 million), or 0.63 yuan a share, in the first six months, from CNY223.7m a year earlier. Revenue rose 79 per cent to CNY3.79bn. It did not propose an interim dividend. The company claims to have sold 15Mt of cement in the first half of 2004, representi... |
Semen Gresik to reclaim Cemex shares10 August 2004, Published under Cement NewsThe management of state-owned cement producer PT Semen Gresik (SG) has asked the government to buy back shares in Cemex to resolve a protracted dispute over Cemex’s investment in the state-owned company. SG president Satriyo said this option would have less of a negative impact on the future operation of the company, and would satisfy both Cemex and the government. "The government should buy back the shares at a premium price rather than proceeding with the case through arbitration ....... |
South India cement10 August 2004, Published under Cement NewsSouth India clearly seems to be slipping. With state-funded construction projects on the decline, cement demand in the southern states has fallen, with Andhra Pradesh and Tamil Nadu turning out to be the worst performers. Demand for the region as a whole has nose-dived by a whopping 11% during the first quarter, pulling down the industry growth to just around 2%. In fact, due to a slowdown in construction projects, the South, which is the largest consumer of cement, is the only region t... |
Semen Tonasa posts 20% rise10 August 2004, Published under Cement NewsCement sales from PT Semen Tonasa in Makassar, South Sulawesi, rose 20 per cent year-on-year to 1.1Mt in the first half of this year, a company official said . Marketing executive of PT Tonasa Wahab Candoko said demand for cement especially in eastern part of the country has increased lately. Wahab said development of housing and infrastructure projects is brisker with restoration of political stability and security in the region. He said the company predicted a 20 per cent growth in s... |