Cement News tagged under: international
News from Russia19 July 2004, Published under Cement NewsVostokCement holding maintained cement production in the first half of this year on same level as a year before (406,300 and 406,100t respectively) but reduced clinker output by 15% (325,600 tons). Its member company OAO SpasskCement increased cement production by 32% (up to 301,000t) and clinker production by 6.2% (up to 240,000t). Output at OAO Teploozersky Cement Plant (Jewish Autonomus Oblast) went down - by 41% in cement (down to 105,300t) and by 45% in clinker (down to 85,600t). ... |
Home improvements Tucson style19 July 2004, Published under Cement NewsBlame tariffs. Blame Tucson’s unending growth. Blame China’s industrial ramp-up into an economic superpower but however you look at it cement is getting harder to find in Tucson Arizona. Home Depot, 3925 W. Costco Drive, faces regular shortages, said Victor Lindzy, the store’s gardening and backyard manager. Customers are not happy. "They are not really too receptive to it," Lindzy said. "It’s their day off, they have a big project planned and they can’t believe we are out of cement." Li... |
DTI set for Supreme appeal16 July 2004, Published under Cement NewsSaying the Philippine Supreme Court (SC) decision to nullify safeguard tariffs on imported cement undermined the government’s role in ensuring a "level playing field", the Department of Trade and Industry (DTI) yesterday said it would launch a legal effort to have the ruling overturned. Trade Sec. Cesar AV Purisima told reporters a legal team will review the SC decision. "We definitely will exhaust all legal avenues to appeal the decision," Mr. Purisima said following a similar statement by... |
Bamburi Profits Up 56 Per Cent16 July 2004, Published under Cement NewsBamburi Cement Company yesterday announced that its profits after tax had increased by 56 per cent over the past six months. Mr Didier Tresarrieu, the Managing Director, said un-audited results indicated that the company’s profit-after tax had increased from 517 to Sh821. Profits attributable to shareholders also increased by 57 per cent from Sh478 million in the previous period to Sh751 million in the period under review. "The turnover is growing in the right direction even though no... |
Cyprus H1 200416 July 2004, Published under Cement NewsCement sales in Cyprus totalled 761,400t in the first half of 2004, up from 630,900t for the same period of 2003. Cement sales on the island reached 151,200t in June 2004 alone, compared to 117,400t in the same month of 2003. The expected 15 per cent increase in real estate prices in Cyprus in the next 10 months will follow the deregulation in cement prices, which will grow by up to 10 per cent, officials of the sector announced in late May 2004. Cement prices together with the rise in fuel... |
Akmenes Cementas Sales H116 July 2004, Published under Cement NewsThe turnover of Akmenes Cementas, the only cement manufacturer in Lithuania, reached 45.9 million litas (13.3 million euros) during the first six months of this year, 28.9 percent higher than turnover in the corresponding period last year (35.6 million litas / 10.3 million euros). "The increase in profit is due to growing sales in the domestic and foreign markets," Arturas Zaremba, the head of Akmenes Cementas, told ELTA news sources. According to him, especially high growth was felt in ... |
Kesoram, Century to extend lifeline16 July 2004, Published under Cement NewsCentury Textiles and Kesoram Industries, both belonging to the fabrics-to-cement BK Birla group, will provide Rs 120 crore to sick group company Mangalam Cement to help it repay loans and escape the clutches of the Board for Industrial and Financial Reconstruction (BIFR). Top group sources told ET news sources that the money would most probably be through a soft loan at low interest rates or a quasi-equity issue, which would be recovered later. "We are working on it. Century and Kesoram wil... |
Cemex’s Zambrano seeks acquisitions16 July 2004, Published under Cement NewsLorenzo Zambrano, chief executive of Cemex SA, the world’s third-largest cement maker, is shopping for acquisitions after a rebound in US and Mexican construction sparked record sales in the second quarter. Speaking to Bloomberg reporters in Monterrey, Mexico, 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.’’ The company’s growing cash earnings, spurred by rising sales and lowe... |
Malaysia YTL Cement to buy cement company stake16 July 2004, Published under Cement NewsMalaysia’s YTL Cement said it plans to acquire a 32.10 per cent stake in cement manufacturer Perak-Hanjoong Simen Sdn. Bhd. for 75.25 million ringgit (US$19.8m). YTL Cement will acquire the stake from South Korea’s Doosan Heavy Industries & Construction Co. Ltd. YTL Cement will tap its internal funds to pay for the acquisition and may also take out bank loans. Perak-Hanjoong has a 16% market share as of end 2003, making it the second-largest integrated cement producer in the country. "The pr... |
Court voids import sanctions – Taiheiyo victory15 July 2004, Published under Cement NewsProtective tariffs imposed by the Philippine Department of Trade and Industry (DTI) on imported grey cement were voided by the Supreme Court (SC) on the grounds that these safeguard duties have not actually hurt the local cement industry, it was learned Tuesday. Trade secretary and now Sen. Manuel Roxas II imposed safeguard duties on the product 2001 after the cement industry, represented by the Philippine Cement Manufacturers Corp. (Philcemcor), complained that rising imports of these produ... |