Cement News tagged under: international
Pakistan cement update07 June 2004, Published under Cement NewsDuring the fiscal year 2003-04 the Pakistani cement industry expects to achieve about 82 per cent capacity utilization, resulting in a growth rate of 15 per cent compared to last year. A number of factors are attributed to this tremendous growth represented by various indicators. Cement exports, mainly to Afghanistan, doubled during the three-quarter period of the current year, attaining a level of 0.78Mt but that accounts for only eight percent of the total production by the industry. In... |
Peru domestic cement consumption04 June 2004, Published under Cement NewsPeru’s domestic cement consumption will rise by around 6% this year, according to a report released by local bank Banco Wiese Sudameris (BWS). Although public expenditure will not contribute significantly to sector growth, what will be important is the steadily improving performance of the private sector, especially private construction, said BWS. BWS said government housing programs have reactivated the cement industry, which grew 13.8% in 2002, 1.9% in 2003, and 8.2% in the first four m... |
High cost of cement causing problems04 June 2004, Published under Cement NewsThe Mexican premixed concrete sector reported that prices are the highest in the world. Thus far in 2004, prices have risen 10%, which means that the construction industry is dealing with higher operating costs. The ever-increasing price of concrete is due to higher prices of supplies, such as energy and, not least, Mexican cement. |
CSN to invest up to US$43.4m in slag plant04 June 2004, Published under Cement NewsBrazilian fsteelmaker CSN plans to invest up to US$43.4m to build a cement plant, the company said in a note to the Sao Paulo stock exchange (Bovespa). The investment, approved by the firm’s board of directors Wednesday, would mark CSN’s return to the cement market after it sold an 8.3% minority stake in the cement producer Cimento Ribeirão five years ago as part of its strategy to focus on its core business of steelmaking. CSN plans to build a plant for slag processing and cement grinding, i... |
Approval for Semapa Secil sale04 June 2004, Published under Cement NewsPortuguese conglomerate Semapa has completed the sale of a 49 percent voting interest in cement company Secil to Irish building materials company CRH Plc (CRH.I) for 333 million euros ($407 million), it said on Thursday. The deal is based on an enterprise value for Secil of 900 million euros and has been approved by the European Commission. The enterprise value includes net debt of 220 million euros following payment of a dividend distribution in May, making an equity value for Secil of ... |
Al Ain to cease production04 June 2004, Published under Cement NewsOne of the UAE’s major cement factories based in Al Ain is likely to cease production this month as city authorities have restrained the company from extracting raw materials from the foothills of Jebel Hafeet, as it was damaging the scenic beauty of the area where the government has ambitious plans to construct a national park to conserve biodiversity and promote eco-tourism. According to sources, the company was recently told to immediately suspend its activities for extracting rocks in th... |
Cemex expects five per cent growth in US market03 June 2004, Published under Cement NewsMexican cement giant Cemex expects to increase its sales volume in the US market by five per cent, considering that growth for this segment has already expanded three per cent thanks to its acquisition of the Illinois-based plant Dixon finalized during the third quarter of last year, reported an analyst. "[Cemex] is looking at more or less a two per cent increase in volume this year," explained the specialist who recently met with the company’s vice president of Corporate Finances, Rodrig... |
Plant problems lead to cement price surge03 June 2004, Published under Cement NewsA 20 per cent drop in production by Union Cement Corp as well as the shutdown of Northern Cement Corp has caused a surge in cement prices in northern and central Luzon, the Department of Trade and Industry (DTI) said. DTI assistant secretary Norman R Hocson cited defective kilns and a shortage in the supply of coal for cement prices of P170 per bag. "Union Cement is undergoing repairs in some of its kilns, causing a 20 per cent drop in production. For the meantime, supply for all four ... |
Japan Ryukyu Cement Posts US$6m net profit FY 200303 June 2004, Published under Cement NewsJapanese cement and mineral products maker Ryukyu Cement Co in Okinawa, southern Japan, posted a net profit of 670 mln Japanese yen (U$6m/4.9 m euro) for the fiscal 2003/2004, ended 31 March 2004, down 14 per cent YoY, the company said on 2 June 2004. Ryukyu Cement posted 1.27bn yen (US$11.4m/9.4m euro) in recurring profit, which is a pre-tax profit excluding extraordinary items, down 28.6 per cent. The company’s sales decreased 4.6 per cent to 10.38bn yen (US$93.8m/77m euro). The decreas... |
REFRA-Kolloquim commences03 June 2004, Published under Cement NewsThe 11th REFRA-Kolloquim 2004 has opened its doors to more than 600 delegates from 72 countries, gathering for a two-day focus on the latest refractory advances. Opening the conference and welcoming delegates to Berlin, Wolfgang Tabbert, Managing Director of Refratechnik Cement GmbH, noted his delight at the strong level of attendance: "We are very proud of the fact that in spite of the difficulties faced by the construction industry and in particular the cement industry in many countries... |