Cement News tagged under: international
Significant YoY profit drop for cement producer Holcim Slovakia10 June 2004, Published under Cement NewsProducer of white and gray cement and concrete, Holcim Slovakia a.s. achieved revenues last year from the sale of its own products and services at the level of SKK 3.39bn, which meant a YoY growth of 6.8 per cent. Operating costs grew by 27 per cent YoY to SKK2.426bn. The company generated added value on a YoY basis 13.8 percent lower, amounting to SKK 1.069 billion. Net profit of the company dropped y/y by one-quarter, which in financial terms represents SKK 111.12m. The reason behind th... |
Rising cement demand abroad set to boost exports this fiscal , India10 June 2004, Published under Cement NewsRiding on the huge demand for cement abroad, cement exports during the current financial year are expected to exceed the 30 per cent growth it witnessed in 2003-04. The demand has also ensured that companies in the country are getting higher price realisations. India exported 3.36Mt of cement and 5.63Mt of clinker during the year 2003-04. The exports were higher by 30 per cent than those in the year 2002-03. The total value of cement and clinker exports during 2003-04 is around Rs100... |
Production expected to increase by 2.5Mt by End-2004, UAE10 June 2004, Published under Cement NewsCement production in the UAE is seen to increase by some 2.5 million tonnes by end-2004, industry sources have said. The increase is expected to result from the addition of new mills to some cement plants and the reopening of one of the local plants which were closed for maintenance and renovation. The increased production capacity will meet part of the high local demand and will help stabilise the prices. Imports, however, are still necessary, the sources added. Cement prices in the... |
Chilanga Cement, ZCC strategise on how to reduce prices09 June 2004, Published under Cement NewsChilanga Cement Plc and the Zambia Competition Commission (ZCC) have appointed six distributors in Lusaka to supply cement in a bid to stabilise the prices of the commodity. In a joint statement yesterday after making a survey of cement prices in Lusaka, Chilanga Cement managing director Ian Coulter and ZCC executive director George Lipimile stated that they had selected six distributors on account of their storage capacity and general competence to assist in normalising the supply and p... |
Fortune seals merger with unit Premier Cement09 June 2004, Published under Cement NewsFortune Cement Corp. yesterday said it had completed a merger with wholly owned unit Premier Cement Corp. The merger paved the way for the consolidation of the accounts of Premier with Fortune. Based on the merger plan approved by stockholders last February, all the assets and liabilities of Premier will be transferred to and absorbed by Fortune, being the surviving company. In a statement, Fortune said the merger will simplify the legal structure and promote cost efficiencies as wel... |
UAE’s cement prices expect to drop09 June 2004, Published under Cement NewsCement prices in the United Arab Emirates (UAE) are expected to drop from over US$6.8 per bag to as low as US$4.6-3 dollars following a settlement made by the UAE Contractors Association with local cement producers, English newspaper Gulf News reported. According to the settlement, the cement factories have to supply contractors with their needs of cement and save them from having to resort to the black market or middlemen to procure supplies. The expected drop is an outcome of three... |
Ste Genevieve gets air permit09 June 2004, Published under Cement NewsHolcim received a permit Tuesday to build the nation’s largest cement plant on the banks of the Mississippi River. The air pollution permit was the last major regulatory hurdle Holcim faced in its five-year effort to build the controversial plant in Ste. Genevieve County, 40 miles south of St. Louis. Construction could begin as early as next summer, spokeswoman Nancy Tully said. "We are moving forward at this moment to select a contractor and begin construction," However, two l... |
India Gujarat Ambuja: cement industry to grow 7-8% To Grow08 June 2004, Published under Cement NewsIndia’s cement industry is likely to grow 7% to 8% in the current fiscal year due to an expected increase in spending on roads and ports by the new government, a senior executive with Gujarat Ambuja Cements. "The industry is likely to have healthy growth this fiscal...about 7% to 8%," Executive Director Anil Singhvi told Dow Jones Newswires. "Last year, it grew only 5.5% due to a month long truckers’ strike in April and a prolonged monsoon." Singhvi said the new government has identif... |
Turkey Q1 2004 cement output up to 6.76Mt08 June 2004, Published under Cement NewsTurkish cement sector output totalled 6,756,902t in the first three months of 2004, up by 1.76Mt compared with the same period of 2003, data of the Turkish Union of Cement Producers have said. The factories in the northwestern Marmara region produced 2.6Mt of cement, followed by the factories in Mediterranean region with an output of 1.3Mt, the factories in the Aegean region with 1.1Mt and the factories in the Black Sea region with a cement production of 684,833t. The mainly export-o... |
L&T plans to combine divisions08 June 2004, Published under Cement NewsEngineering and construction giant Larsen & Toubro will be integrating its engineering construction and contracts (ECC) division and its engineering and construction (E &C) business as part of a grand 5-year strategy to more than double its turnover from Rs 10,000 crore now to around Rs 25,000 crore by 2008-2009. At the same time, L&T is working towards positioning itself as a global brand and has also earmarked Rs 500 crore this year for overseas acquisitions. The company has decided to... |