Cement News tagged under: international
Turkish exports to Iraq increase02 August 2004, Published under Cement NewsThe turmoil in Iraq is not keeping the Turkish cement exporters away: Sales of cement to Turkey’s southern neighbour more than quadrupled when compared to a year ago. Turkey’s current annual exports of 1Mt are projected to double if Iraq achieves stability. Cement companies in Mardin, Elazig, Ergani, Urfa, Adiyaman, Gaziantep, Adana, Nigde and Ankara are among the leading cement exporters. The exporters recorded total sales of US$80m in the first seven months of 2004. Adana Cement Indu... |
Esther Koplowitz takes full control02 August 2004, Published under Cement NewsFCC Spain has sent a filing to the Securities Commission (CNMV) to confirm that Esther Koplowiz and Veolia had finally reached and agreement, to give Veolia an exit (reports Deutsche Bank analysts). Veolia has sold its 49 per cent stake in B-1998 (which in turns controls 52.48 per cent of FCC) to Esther Koplowitz for Euro 916m. Following this transaction Esther Koplowitz will sell 18 per cent stake to a group of financial investors, Ibersuizas, Cartera Deva and the Peugeot family. Followi... |
CIMA seeks foreign ties02 August 2004, Published under Cement NewsCement Industries of Malaysia Bhd (CIMA) is open to forming "strategic" partnerships with foreign parties to expand regionally in the future, the New Straits Times reported, quoting Managing Director Rosli Shariff. The report quoted Rosli as saying that the strategic tie-ups will entail "coming and sharing their resources with the view to expand, acquire new plants and build them." CIMA is Malaysia’s second-largest cement company with about 18 per cent share of the domestic market. |
Tororo Cement in US$10m expansion02 August 2004, Published under Cement NewsTororo Cement, Uganda will soon commission a US$10m manufacturing plant as part of plans to double production to 2000tpd from 1000tpd. “The company has found it necessary to upgrade and maximise production in view of the forthcoming free border trade under the East African Customs Union. We are targeting exploiting and satisfying the larger regional market where the housing and construction sector is growing fast due to booming investments,” the chief financial controller, Breg Gegran... |
Mexican import stand-off turns nasty30 July 2004, Published under Cement NewsRefused entry to the port of Tampico following a court order stating that the MV Mary Nour will block the channel and thus impede Cemex cement distribution channels, the ships agents then gained permission for the ship to dock in the port of Altamira, a private port managed by the Group OTM, located 14 nautical miles from Port of Tampico. Notice of Readiness was accepted and the vessel berthed alongside Saturday 24th afternoon. Free pratique was done successfully and the ship ready for disc... |
Another brick in the wall30 July 2004, Published under Cement NewsThe row over the Israeli border barrier and the debate over the various cement sources involved in its construction continues to reverberate and evens threatens to topple some of the Palestinian leadership, said to be involved in buying low cost Egyptian-sourced cement and then diverting it to Israeli contractors engaged in the wall’s construction. In fact, the Egyptian cement scandal began nearly a year ago when Egypt offered to sell the PA some 420,000 tonnes of high- quality cement at... |
Colacem agrees Tunisian investment30 July 2004, Published under Cement NewsItalian cement maker Colacem SpA and Simest, the financial institution for development and promotion of Italian business abroad, signed an agreement concerning investments in a cement plant in Tunisia. The agreement concerns a direct investment of some Euro 4.5m, operated by Simest via its Venture Capital fund, in the Tunis plant of Colacem’s controlled cement company Les Ciments Artificiels Tunisiens-CAT-Colacem. The investment will be employed for the enlargement and modernisation of the ... |
Indonesia Indocement 1H Loss30 July 2004, Published under Cement NewsPT Indocement, Indonesia’s second-largest cement maker, Thursday said it swung to a loss in the first half mostly due to foreign exchange losses. The company booked a net loss of IDR117.3 billion for the six months to June, compared with a net profit of IDR650.4 billion a year earlier. Sales rose only 3% on year to IDR2.03 trillion from IDR1.97 trillion a year earlier. Gross profit fell slightly to IDR658.65 billion from IDR668.45 billion, mainly due to an increase in cost of sales and lo... |
Texas rain dampens Hanson performance29 July 2004, Published under Cement NewsStrong performances in Australia and the US aggregates businesses were offset by weaker profitability in the British operations as well as in the North American building products division and a weaker US dollar. Turnover in the first half of 2004 was 5.6% lower at £1,808.5m (€2,680.4m), though in US dollar terms these was an 11.1% increase to US$3,424.4m. The EBITDA was 4.8% lower at £270.6m (€401.1m), of which 47.0% came from North America, 24.2% from Great Britain, 17.2% from Australia a... |
Strong prices boost profits29 July 2004, Published under Cement NewsTwo of India’s top three cement groups reported on Wednesday forecast-beating profit growth for the last quarter, as prices revived in the world’s second-biggest market due to a seasonal pick-up in construction. Grasim Industries Ltd, flagship of India’s third-largest family-run conglomerate, the Aditya Birla group, said net profit in the quarter to June jumped 68 percent to 2.2 billion rupees ($47 million). Gujarat Ambuja Cements Ltd, the nation’s fourth-biggest maker by capacity and thir... |