Cement News tagged under: international
Florida Rock 3Q22 July 2004, Published under Cement NewsFlorida Rock Industries, Inc announced record net income of US$33,050,000 for the third quarter of fiscal year 2004 versus $22,971,000 share for the same quarter of fiscal 2003. Included in third quarter net income was $1,589,000 or 3.6 cents per diluted share of after tax gain from the sale for $6,500,000 of the Company’s calcium grinding facilities at Frederick, Maryland. Consolidated total sales for the quarter increased 27% to $251,649,000 from $198,113,000 in the same quarter last ... |
Siam Cement (SCC): More domestic cement, better margins, Thailand22 July 2004, Published under Cement NewsThere is a good chance that domestic cement sales will grow faster than expected. During the first 5 months of this year, domestic cement sales rose 12.7% YoY, beating FY2004 forecast of 9.9% cited above. This coupled with the likelihood that more infrastructure projects are likely to come in 2H04 and going forward, means that it is likely that domestic cement sales will surprise on the upside. Outperform is maintained on SCC with a target price of Bt300 (local). SCC is expected to benef... |
China Resources Cement unit buys Tiejian stake for 15m yuan22 July 2004, Published under Cement NewsChina Resources Cement Holdings Ltd said unit Goodsales Investments Ltd has agreed to acquire the remaining 30 per cent stake in Shenzhen China Resources Tiejian Concrete Co Ltd which the group does not own for 15m yuan. Upon completion of the deal, Tiejian will become a wholly-owned unit of Goodsales Investments, it said in a statement. Tiejian was set up as a limited liability company on March 26, 2002 in China with a registered capital of 25 mln yuan. It is principally engaged in the m... |
Eurocement posts 1H04 production, Russia22 July 2004, Published under Cement NewsIn 1H2004 Eurocement produced around 3.6Mt of cement, up five per cent versus the same period 2003. Total cement output, including Katavsky Cement and Neviyansky Tsementnik affiliated with Eurocement, reached 4.4mln tons. Maltsovsky Portlandtcement produced more than 1.6mln tons of cement, the company’s press-service said. |
Royalty won’t be applied to cement, Chile22 July 2004, Published under Cement NewsA bill under review in Chile’s congress and that aims to introduce royalties on mineral production will not affect cement, daily Estrategia quoted mining under-secretary Patricio Morales as saying. Morales made the announcement after the country’s cement producers association (Aprocem) went before the lower house’s mining and finance joint committee arguing that under the International Standard Industrial Classification cement is an industrial product and should not have the royalty appl... |
Fars could become cement hub as construction of cement factories begin, Iran22 July 2004, Published under Cement NewsAccording to “Tehran Times”, with the construction of four cement factories to begin soon, Fars Province will become Iran’s hub of cement production. At a meeting with provincial industry managers, Lari said that the factories are slated for constructed in the cities of Sepidan, Nur Abad Mamasani, and Eshkanan. It is anticipated that related organizations and officials will cooperate in the implementation of the factories. |
Cemex Colombian operations EBITDA up to US$34m22 July 2004, Published under Cement NewsCemex has posted earnings before interest tax depreciation and amortisation (EBITDA) in Colombia of US$34m (EUR27.3m), up 15 per cent YoY the first half of 2004. The company posted US$58m sales from its operations in Colombia for the period, up 17 per cent. The volume of cement sales in Colombia rose 11 per cent, while the volume of concrete sales increased 24 per cent. Cemex consolidated net profit decreased to US$247m compared to US$309m. The company’s consolidated net sales rose... |
Mary Nour waits at Tampico anchorage21 July 2004, Published under Cement NewsBlocked by a Mexican court order from entering the port of Tampico on Mexico’s Atlantic coast, the 34,194dwt Mary Nour, owned by the Jordanian-based CTI Group, and complete with some 27,000t of cement on board, lies idly in the outer anchorage of Tampico while lawyers fight over the rights and wrongs of the Cemex-led decision to bar the ship from the port, on the grounds that its size would block the channel, and thus hamper Cemex’s own cement and limestone distribution facilities within the... |
Indian cement profits seen robust on firm prices21 July 2004, Published under Cement NewsIndian cement makers are expected to report a jump in quarterly profits, boosted by higher prices amid a surge in construction, but analysts say business may pause briefly for the monsoon rains. Construction demand in India typically peaks ahead of the monsoon season from June to September. Cement prices rose by about 8-10 per cent, to an average of 158 rupees per 50 kg bag, during the quarter. "It was a good quarter for most companies, and cement prices stayed firm on account of goo... |
How to succeed in business21 July 2004, Published under Cement NewsRaveerot Thamaratnothai, an heir to one of the country’s largest construction firms, Channakorn Engineering, is making his mark in the industry by branching out internationally. Working in his family business, particularly the cement-truck manufacturing operation, the 34-year-old in January decided to start Far East Business Intertrade with a partner. Construction giant Channakorn Engineering made its fortune in the construction trade by making cement trucks, which it supplies to other const... |