Cement News tagged under: international
Qatar’s construction industry, scrambling to meet Asian Games deadlines16 June 2004, Published under Cement NewsIn April work on government-driven projects linked to the 15th Asian Games was forced to a halt for the second time in six months owing to a scarcity of cement in the local market. Although games organisers say that preparations for the two-week sporting event, scheduled for December 2006, remain on track, contractors have been hit by steep cost escalations. The cement shortage does not just cause delays, it has an impact on profitability, according to Raghib Kublawi, the general manager of ... |
Cemex looks for more growth15 June 2004, Published under Cement NewsCemex forecasts 1H04 Ebitda will grow 15 per cent to US$1.2bn and revenue will increase six per cent to US$3.7bn compared to the same period last year, the company announced. In 2Q04, Ebitda will jump 11 per cent year-on-year to more than US$610m, while operating income will go higher than US$450m compared to US$390m in 2Q03, according to the guidance. Cement volumes will remain relatively flat, with domestic gray cement shipments expected to fall roughly one per cent during the second ... |
NCC withdraws from the Swedish market15 June 2004, Published under Cement NewsThe Swedish-based construction group NCC, having sold its ready-mixed concrete operations in Finland, the Baltic states, Poland, Norway and the St. Petersburg area of Russia as well as some of its Swedish batching plants during 2003 is now withdrawing completely from the Swedish market by selling its remaining 26 batching plants for SKr225m (€25m) to Thomas Concrete Group and to HeidelbergCement. The 26 batching plants together have an annual turnover of around SKr300m (€33m) and deliver so... |
Aggregate Industries sees $7 to $8 on US cement prices15 June 2004, Published under Cement NewsAggregate Industries has seen better first half activity in its US business this year, thanks to less adverse weather conditions but there has also been an underlying improvement in the Mid-Atlantic area and in Minnesota. On the other hand, Colorado is expected to be slow to recover. Across the parts of the United States where it is active, Aggregate Industries expects to see aggregates pricing improve by between 2% and 3%, while the much greater increases in the price of cement should hel... |
Cement factories deny crisis claims14 June 2004, Published under Cement NewsCyprus’s two cement producers factories yesterday rubbished reports of a cement crisis, saying the island¹s annual production was more than enough to cover the needs of the market. Speaking to the Cyprus Mail yesterday, a Vassiliko Cement factory spokesman said the company had already cut down on its exports to deal with the construction boom on the island this year. "We cut most of our exports, at a cost because we had to pay a penalty for not honouring our contracts," he said. "We are s... |
Moroccan cement growth14 June 2004, Published under Cement NewsSources in the Moroccan Ministry of Industry and Commerce estimate the cement consumption in Morocco to grow as high as 12.65Mt by 2008. The same sources attribute this cement consumption growth to the government¹s intention to boost public housing, tourism and infrastructure. The Moroccan cement production stood at 9.28Mt last year, an increase of 9.3 per cent compared with the previous year. The same sources estimate Morocco¹s cement production at 11.17Mt by the end of the current year, 12.... |
Strabag may open cement plant by 200814 June 2004, Published under Cement NewsHungarian construction holding Strabag may open a Ft27bn (US$131m) cement plant with a capacity of 1Mt, by 2008. A final decision on whether the project will go ahead will be taken only after polling residents of Bukkosd village, located 2 km from the planned site, who have expressed reservations about Strabag’s plans. |
UAE Emirates Cement factory to raise output14 June 2004, Published under Cement NewsUAE cement maker Emirates Cement Factory, located in al-Ain, eastern UAE, plans to raise its production to about 4Mta from the current 950,000tpa, it was reported on June 14, 2004. Emirates Cement is at present conducting a study on the local market for building materials and plans to open a new facility with an annual production of between two and three million tonnes of cement, Emirates Cement general manager, Mohsen Hamad al-Marri, said. Emirates Cement was also one of the local manufactur... |
Baltsem Leaves Ukrtsement14 June 2004, Published under Cement NewsUkraine’s largest producer of cement, the Baltsem plant (Balakliia, Kharkiv region) has left the Ukrainian Association of Enterprises and Organizations of the Cement Industry, otherwise known as Ukrtsement. Serhii Lytvynenko, the chairman of Baltsem’s management board, disclosed this to Ukrainian News. In his words, Baltsem decided to leave Ukrtsement in as much as it does not agree with the position of the management of Ukrtsement, and in particular, it differ with the chairman of the Ass... |
Senior officials inspect cement unit14 June 2004, Published under Cement NewsThe Vice-Chairman of India Cements Limited (ICL), DL Subrahmanyam, and other senior officials on Sunday inspected the cement factory at Chilamakur in Yerraguntla mandal and began a review of yesterday’s fire accident. They also looked for ways to restore the plant to its full production capacity. Such a restoration of the factory would require technological assistance from overseas and could take at least three months. The general secretary of AITUC, S. Gangi Reddy, and other union leaders... |