Cement News tagged under: international
Lafarge North America Reports 2Q04 August 2004, Published under Cement NewsLafarge North America Inc, the leading supplier of construction materials in the US and Canada, today reported second-quarter 2004 net income of $102 million, or $1.34 per share diluted. The results compare to net income of $73.9 million, or $1.00 per share diluted, in the second quarter 2003. "Our businesses got off to a very good start during the first half, capitalizing on improved economic and weather conditions to generate significant increases in operating income compared with... |
Africa calling04 August 2004, Published under Cement NewsLafarge, is reportedly broadening its investment in Africa. Its president for Africa, Tony Hadley, who was in the country for the announcement of Bamburi’s half-year results, said this is was part of the group’s strategic plan to increase the weight of its investment in emerging markets. "Within the group, there is intense competition for funds for investment in emerging markets, and we see Africa, presenting good market potential", he said. Indeed, the Group’s first quarter sales r... |
Vietnamese cement prices must remain stable04 August 2004, Published under Cement NewsDeputy Minister of Construction Tong Van Nga urged businesses to strive to maintain stable prices of cement through the end of this year. Vietnamese cement producers are facing difficulties as the price of clinker and other imported materials are increasing. As a result, a series of clinker grinding stations in southern provinces will be likely closed by the end of this month, reported a cement conference held in Ha Noi on Tuesday. The country is expected to face a serious shortage of ab... |
Martin Marietta shipments up by 5.2%04 August 2004, Published under Cement NewsMartin Marietta Materials saw first half turnover improve by 6.7% to US$819.9m and the operating profit at the EBITDA level increase by 12.9% to US$12.9%. Capital investment during the period was 24.0% higher at US$70.3m. The aggregates represented 92.4% of sales and 95.2% of the trading profit, with aggregates deliveries 3.4% higher at 80.5m tonnes. Because of some disposals, underlying shipments were ahead by 5.2% and prices improved by 2.1%. Favourable progress on both counts were s... |
Nirma plans to set up cement unit04 August 2004, Published under Cement NewsIn an expansion exercise, Nirma Limited, India has decided to set up a cement manufacturing project with a capacity of producing 1.2Mta at an estimated outlay of Rs 400 crore. Besides, the company also plans to set up coke manufacturing unit having capacity of 1.5 lakh tonnes per annum and a 30 mw captive power plant at an estimated cost of Rs 100 crore. These projects will be set up in Gujarat state in an estimated period of 30 months. |
Cemex: a rethink on China?03 August 2004, Published under Cement NewsNews that Lorenzo Zambrano, Cemex’s innovative leader is starting to look seriously at further cement-based acquisitions around the world is likely to lead to wide-ranging speculation as to where and when? Speaking late July to reporters at Bloomberg, Zambrano said: “One thing that I’ve learned is that you have to be ready for opportunities when they come,’’ If you’re not ready, they slip by you in the night.’’ Once again, it appears that Cemex has growing cash earnings, spurred by risin... |
Gujurat Ambuja exports to offset monsoon slump03 August 2004, Published under Cement NewsGujarat Ambuja Cements Ltd, India’s third-largest cement maker, expects increased exports and strong demand from the infrastructure segment to help grow sales during the traditionally slow monsoon season. "Cement demand in our markets is very firm and the export scenario also seems good," Jayesh Doshi, assistant vice president for treasury, told Dow Jones Newswires Tuesday. "We expect this trend to boost sales despite the rains, which normally lowers cement consumption." Gujarat Ambuj... |
China’s output of cement in June03 August 2004, Published under Cement NewsChina produced 83,873,600t of cement in June 2004. The output in January-June reached 424,669,600t, up 17.9 per cent YoY, according to the National Bureau of Statistics. |
Cement market to improve03 August 2004, Published under Cement NewsThe Vietnam Cement Corporation (VNCC) predicted the cement market would improve in the fourth quarter of this year, once the Government enacts strict measures to stabilise the price of goods and dry weather permits delayed construction to resume. Cement demand has been at a standstill since early this year. After the price of iron and steel increased, many companies had to temporarily delay construction works. VNCC’s general director, Nguyen Van Hanh, said cement demand would be betwee... |
Qatar Quarry imports03 August 2004, Published under Cement NewsThe newly-established building materials trading firm Qatar Quarries and Building Materials Company received on July 29, 2004 its first shipment of 65,000t of gabbro (volcanic rock resembling granite) at the Mesaieed Port, it was reported on August 2, 2004. The port is located in the Mesaieed Industrial City in eastern Qatar. Qatar Quarries and Building Materials Company is expecting further shipments to arrive in line with its strategy to meet the demand for gabbro of local construction... |