Cement News tagged under: international
Turkish Mardin Cimento to invest28 July 2004, Published under Cement NewsMardin Cimento will invest 2.8 trln Turkish lira (US$1.9m) in modernisation, it was reported on July 26, 2004. The company has received an investment incentive certificate from the Turkish Treasury for the investment. The certificate allows Mardin Cimento to benefit from a 40 per cent investment tax credit and 100 pct customs duty and value added tax (VAT) exemption. The project will be 70 per cent financed by Mardin Cimento and 30 per cent by other sources. The company plans to produce of ... |
Aggregate Industries’ US advance held back27 July 2004, Published under Cement NewsIn the first six months of 2004, Aggregate Industries increased turnover by 9.4% to £732.8m (US$1,333.7m) and the EBITDA emerged 8.2% higher at £97.2m (US$176.9m). Better weather led to an improvement in the US turnover of 13.2%, in spite of the weaker dollar and once acquisitions were included, the US business showed a 20.4% increase to £274.7m (US$500.0m) and the trading profit jumped by some 69% to £11.0m (US$20.0m). Ready-mixed concrete deliveries were up by some 7%, while underlying i... |
Eagle Materials starts well27 July 2004, Published under Cement NewsEagle Materials, until last year known as Centex Construction Products, has reported a 20.8% increase in turnover to US$150.3m in the first quarter of its 2004/05 financial year, with the trading profit jumping by 56.2% to US$38.0m. A near trebling of profits in the gypsum business led to the cement operations losing the traditional position as the prime source of the group’s profits. Cement deliveries were 13.8% higher at 0.69m tonnes (0.76m short tons) and turnover rose by 15.0% to US... |
Brazil Cement industry sells more27 July 2004, Published under Cement NewsFor the first time this year, the cement industry registed an expressive increase in sales. In June, according to National Syndicate of Cement Industries (Snic), consumption of the product reached 2.91Mt, 6.24% more than in the month of May, which it reached 2.74Mt. Compared with June 2003, the increase was still greater at 9.72%. In the accumulation for the year, through June cement sales totaled 16.3 million tonnes, up only 0.2% over first half 2003. Although timid, it is the first sig... |
Semen Gresik 1H Cement Sales Up27 July 2004, Published under Cement NewsPT Semen Gresik said its total cement sales in the first six months of this year rose 16% on year to 7.28Mt from 6.29Mt, due to an increase in domestic sales and exports. Indonesia’s largest cement maker’s domestic cement sales during the same period rose 15% on year to 6.23Mt from 5.41Mt. Its cement exports gained 23% on year to 1.06Mt in the January-June period from 864,401t. According to data from Indonesia’s cement producers association, national cement sales in the first half of this yea... |
Mexican CMD complains26 July 2004, Published under Cement NewsMexican company Comercio para el Desarrollo Mexicano (CMD), associated with the Spanish company Tradeland Commodities, complained on July 22, 2004, that Mexican cement maker Cemex bars it from importing Russian cement to Mexico. Cemex obtained a court injunction on July 14, 2004 that allowed it to block the Mary Nour ship, carrying Russian cement, at the port of Tampico, on the Mexican Atlantic coast. Mary Nour carries 27,000 Russian cement for CMD. Cemex operates a private terminal in... |
Anhui Conch says macro controls hit prices26 July 2004, Published under Cement NewsAnhui Conch Cement Co. Ltd, the mainland’s largest cement maker, has blamed China’s economic cooling measures for a 20 per cent decline in its cement prices in May and June against the first quarter of this year, a pro-Beijing newspaper said on Monday. Anhui’s cement price fell 50 yuan to 230 yuan per tonne during May and June, about 20 per cent down on prices in the first quarter, the Wen Wei Po said quoting a company executive. However, he expected a rebound in the fourth quarter. The ... |
Cement demand fails to take off26 July 2004, Published under Cement NewsStrong demand growth continues to remain elusive for some Indian cement companies, if the data for the first quarter of FY05, recently released by Cement Manufacturers’ Association (CMA) is anything to go by. This shows only a 2.6 per cent growth in despatches in the first quarter of FY05. At the company level too, cement dispatch growth has been in single digits. Leading producer ACC has seen 0.2 per cent growth, while associate concern Gujarat Ambuja has shown a 5.3 per cent growth in dis... |
Palestinians made millions26 July 2004, Published under Cement NewsPalestinian businessmen have made millions of dollars supplying cement for Israel’s "security barrier" in the full knowledge of Yasser Arafat, the Palestinian leader and one of the wall’s most vocal critics. A damning report by Palestinian legislators, concludes that Mr Arafat did nothing to stop the deals although he publicly condemned the structure as a "crime against humanity". The report claims that the cement was sold with the knowledge of senior officials at the Palestinian ministry of... |
Bamburi profits trapped26 July 2004, Published under Cement NewsDespite reporting a 59 per cent increase in its after tax profits, Bamburi Cement Company is yet to muster the intricacies of public policy formulation in Kenya. The firm had expected to report higher profit margins with increased use of cement in roads construction after the Government announced that it was looking for more economical options. Now, one year down the line, Bamburi is still waiting for this construction windfall with the result that the six month figures released last week r... |