Cement News tagged under: international
Saudi Yamama Cement Co net profit up21 July 2004, Published under Cement NewsSaudi cement producer Yamama Cement Company (YCC) registered an 86 per cent YoY increase in net profit to 346.5m Saudi riyals (US$92.4m) for the first half of 2004, according to the company’s managing director Prince Mohammed bin Mohammed bin Saud al-Kabir. The profit for the period included extraordinary income of 144.8m riyals (US$38.6m) generated from the sale of YCC’s stake in the Saudi Industrial Investment Group (SIIG) in April 2004. YCC’s operating revenue stood at 201.7m riyals (US... |
Lack of coal at Florence21 July 2004, Published under Cement NewsThe Holcim Florence plant in Colorado is citing coal shortages as a factor in production shortages. The plant reportedly burns 600 tons of coal every day but last week the plant nearly ran out of coal because the Union Pacific Railroad can’t keep up with demand. The railroad blames a shortage of both trains and people as reasons that they can’t move the coal fast enough for any of their customers -- not even power plants. After last year’s slow economy, they just didn’t expect a workload th... |
Tata Power to sell Wadi unit to ACC21 July 2004, Published under Cement NewsThe Tata Power Company is planning to sell its 75 MW power plant at Wadi in Karnataka back to the Associated Cement Companies (ACC). The Tata Power board is meeting on July 26 to consider the transfer of power generation units with a combined capacity of 75 mw at Wadi in Karnataka, the company said in a notice to the Bombay Stock Exchange. The Wadi plant has an installed capacity of 4.7Mt and is the largest unit in ACC which has a total installed capacity of around 19Mt. If the deal ... |
CRH criticised over Israeli barrier21 July 2004, Published under Cement NewsThe Ireland-Palestine Solidarity Campaign has reiterated its call for a boycott of Cement Roadstone Holdings over its alleged involvement in Israel’s “security barrier”. Amnesty International has claimed that a company partly owned by CRH is supplying cement for use in the controversial barrier. IPSC spokeswoman Treasa Ni Cheannabhain said: “Any Irish company that would be involved in any way with this wall should immediately cut their ties in the interests of humanity.” Last night, the Un... |
Cimpor’s new overseas holding company20 July 2004, Published under Cement NewsPortuguese cement producer Cimpor has set up holding company Cimpor Inversiones to manage the group’s holdings in companies outside Portugal. Cimpor Inversiones will operate from the Spanish city of Vigo, in the Spanish autonomous region of Galicia. Cimpor, which records annual turnover of 1.36bn euros, trades in eight countries, including Mozambique, Tunisia, South Africa, Brazil and Spain. Spain is a key market for the cement sector thanks to the boom enjoyed by the property market and... |
Kiln death plunge inquiry20 July 2004, Published under Cement NewsWork on the new kiln at Padeswood has been suspended following the death of a mechanical constructor who was working on a platform at the top of the 230ft-high steel tower at Castle Cement, Padeswood, Mold, when the accident happened last week. "Work has been suspended” said Castle Cement general manager, Danny Coulston. Fire crews used a crane from the site to reach Belgian Marc Vliegen, a 45-year-old Belgian national was working for Belgian firm, Pirson Montage on the new 750,000tpa kil... |
Cemex net profit falls19 July 2004, Published under Cement NewsCemex, the world’s No. 3 cement maker, on Friday posted a decline in net profit as a peso devaluation took the shine off improving operations, especially in the United States. Cemex which has subsidiaries in more than 30 countries, said its second-quarter net profit totalled $247 million, below expectations, and below $309 million posted in the quarter a year ago. In a Reuters survey, analysts had forecast Cemex’s second-quarter net at $304 million, hurt by foreign exchange losses from a 3 p... |
Cementos Pacasmayo says no19 July 2004, Published under Cement NewsPeru’s Cementos Pacasmayo said it had decided against proceeding with plans to build a cement plant in the US. "The subsidiary CEMPAC Materials LLC has decided to not continue with the project to install a cement factory in the United States," the company’s legal representative Javier Durand said in a letter to Peru’s securities regulatory agency. The company had been considering expanding in the US, looking at building a cement plant in Nevada, according to analysts and reports. The fami... |
Indian cement firm expands capacity19 July 2004, Published under Cement NewsThe flyash based cement grinding production facility of Gujarat Ambuja Cements Ltd (GACL) at Ropar started operations last week to expand the company’s production by a million tonnes. The company also announced investment of Rs 2 billion ($US43.3m) at its Ropar facility once the captive power plant becomes operational. "With the new unit, GACL’s Ropar thermal power plant will utilize 800,000 tonnes of flyash annually and thus become the first of its kind in India to implement 100% utilizati... |
On the beach19 July 2004, Published under Cement NewsFrench cement and concrete products company Lafarge has delivered 2000t of sand for the Paris-Plage project, set to run between July 21 and August 20, 2004, and which envisages the transformation of the Seine river embankments into a beach-like area. The sand, comes from the Sandrancourt sand quarry, in Yvelines, near Paris and will be spread over three areas - the square in front of the city hall Hotel de Paris, the Chateaux de sable (Sand castles) area and the Seine embankments. For deliv... |