Cement News tagged under: international
New thrust on infrastructure to boost demand in cement sector09 July 2004, Published under Cement NewsThe Indian cement sector has largely been left unaffected by the current Budget. While the industry has welcomed the various initiatives undertaken on the infrastructure front, it feels that it could have done with a reduction on excise duties. "The Budget is sentimentally positive for the cement industry. There is a lot of thrust on infrastructure spending. Cement is a highly taxed industry and a reduction in excise duties would have helped," according to Grasim Industries CFO DD Rathi. Cem... |
Cement deliveries jump 30.5% in June , Argentina09 July 2004, Published under Cement NewsPortland cement deliveries in Argentina jumped 30.5 per cent in June to 489,394t, compared to the same month last year, the country’s Portland cement producers association said in a release. When compared to the previous month, deliveries rose 7.9 per cent. The increases reflect the rhythm of the country’s construction activity, which grew 27.1% in May compared to the same month last year, and 5.6 per cent when compared to the previous month, Invertia reports. Regarding this year’s... |
Eastern Province Cement Co net profit rise09 July 2004, Published under Cement NewsSaudi cement producer, Eastern Province Cement Company (EPC), reported an 19 per cent YoY increase in net profit to 157m Saudi riyals (US$41.m) for the first six months of 2004, the company’s director general, Zamil Abdul Rahman al-Muqrin, said. The profit included 18m riyals (US$4.8m) generated from divestments. EPC has started the implementation of a project for the construction of a clinker production line with a daily capacity of 3,500t which will increase the company’s annual clinke... |
Bourse lifts Union Cement trading halt09 July 2004, Published under Cement NewsThe Philippine Stock Exchange (PSE) has lifted the suspension order on the trading of Union Cement Corp. after the company disclosed its new ownership structure. The exchange immediately lifted the ban after Union Cement said the ownership structure was unchanged despite Bacnotan Consolidated Industries, Inc.’s sale of its 51 per cent stake in Union Cement Holdings Corp. to Cemco Holdings, Inc. Union Cement Holdings still holds a 60.47 per cent stake in Union Cement, while Cemco directl... |
Lafarge cement used in collapsed Paris terminal-Chairman09 July 2004, Published under Cement NewsLafarge SA’s cement was used to build the Charles de Gaulle Paris terminal that collapsed May 23, the company’s Chairman Bertrand Collomb told Dow Jones Newswires. Speaking on the sidelines of an investment conference in Paris, Collomb insisted that Lafarge had only delivered the product, and wasn’t responsible for the technical specifications of the building, masterminded by a building consortium. The French Transport Ministry said Tuesday that preliminary findings suggested that th... |
Cost of cement to go up soon08 July 2004, Published under Cement NewsThe Arawak Cement Company will be raising the price of cement “imminently, not before next week”. A source at the company told local press that the increase would be to the order of 12 per cent to15 per cent – “closer to 15”. He added this was the first price “adjustment” for cement since 2000, and was because of a rise in labour and fuel costs. Building material suppliers are advising consumers to expect a rise in the cost of construction. “Everything will have to go up,” said Syd... |
Reports support cement plant waste burning08 July 2004, Published under Cement NewsBlue Circle Southern Cement has produced two reports to back its controversial plan to burn waste at its New Berrima plant in the NSW Southern Highlands. The company says a report by the Commonwealth Department of the Environment, completed this year, shows cement production contributes to less than half a per cent of the dioxin levels across the country. A second report, prepared by the Stockholm Convention on Persistent Organic Pollutants (POPs), sets out the best way for cement pl... |
Holcim Romania to invest EUR40m 2006 to protect environment08 July 2004, Published under Cement NewsHolcim Romania, a unit of Swiss cement company Holcim Ltd, said it plans to invest EUR40m (US$49.4m) by 2006 to protect environment. Holcim Romania will invest the money in environmental protection projects, alternative fuels and raw materials, further modernisation of cement production, ecological concrete stations, boosting occupational health and safety, in social projects and human resources, the company said in a statement. "In 2004 we plan to invest over EUR20m, mainly in furth... |
No Holcim cement in collapsed Paris terminal08 July 2004, Published under Cement NewsHolcim Ltd has said that it didn’t ship any cement for the building of the Charles de Gaulle airport terminal in Paris which collapsed last May. "We did deliver cement to Charles de Gaulle, but not to the part where (the disaster) happened," company spokesman Roland Walker said. The collapse of a vaunted roof of Charles de Gaulle’s 2E terminal on May 23 killed four people. French authorities have suggested one of the reasons for the disaster may be faulty concrete. |
Turkish cement sale08 July 2004, Published under Cement NewsGaranti Securities and Ernst&Young Corporate Finance consortium has been mandated by Turkish government’s Savings & Deposit Insurance Fund (TMSF) to act as financial advisor in the sale of the Uzan Group’s Companies classified within the “Cement-Construction-Finance-Investment-Service-Other” group. The initial phase of cement sector related transaction includes, Bartin, Ladik, Trabzon, Ergani, Lalapasa, Eskisehir, Sanliurfa, Gaziantep and Van cement plants and Lalahan grinding station (the “... |