Cement News tagged under: international
Hima calls for more cement roads24 May 2004, Published under Cement NewsUganda: Hima Cement managing director, Mr Mbuvi Ngunze, has said government should increase the use of cement in road construction. He said that experts in road construction now recommend the use of cement as it stabilises the soil and helps build stronger and durable roads. "Studies in 98 countries by the World Bank indicate that there is a significant statistical relationship between the density of paved road infrastructure and economic development," he said at the Uganda Institute of... |
Mini-Hemadri to re-open?24 May 2004, Published under Cement NewsWith the cement industry buoyant on revival of demand and surge in prices, Hemadri Cements Limited, a mini-cement company in Andhra Pradesh, has firmed up plans to reopen its plant which has been closed for the last four years. Hemadri, which operates a 250,000tpa mini-cement plant near Jaggaiahpet in Krishna district, is reopening the plant in the first week of June. The plant has been shut for the past four years. The plant was commissioned in 1985 and operated till the year 2000. "The... |
Tax reductions unlikely24 May 2004, Published under Cement NewsContrary to expectations, the Pakistan federal government is unlikely to consider a proposal to reduce the central excise duty (CED) on cement in the forthcoming federal budget for the fiscal year 2004-05. A meeting will be held on Tuesday next week to firm up tax measures to be announced in the federal budget. ³The budgetary tax proposals to be taken up in the meeting on Tuesday, so far do not contain any proposal of reducing CED on the cement sector,² an official at the finance ministry to... |
Cemex pushes US to lift duties21 May 2004, Published under Cement NewsCemex is once again pushing the United States to lift its anti-dumping tariffs on Mexican cement (in place since 1990) and says it would help ease a shortage of the product in the United States. A company executive said on Thursday that Cemex has excess production capacity at its Mexico plants and was urging Washington to eliminate compensatory tariffs and so boost Mexico’s cement exports to its northern neighbor. "I am meeting with the (U.S.) Department of Commerce next week to discuss... |
Thai ready-mix trends21 May 2004, Published under Cement NewsThe Concrete Products and Aggregate Co (CPAC), a ready mixed concrete producing unit of Cementhai Company, said its total sales¹ revenue this year is expected to reach 10 billion baht. CPAC¹s managing director Annop Tegajarin said his firm expects to sell 9.3 million cubic metres of ready mixed concrete, a 22 percent rise from 7.6 million cubic metres of ready mixed concrete sold last year. CPAC¹s sales¹ revenue last year totalled eight billion baht, said Annop. He said local demand for rea... |
Monarch Cement hits a high21 May 2004, Published under Cement NewsEBITDA for The Monarch Cement Company for its quarter ended March 31, 2004 was $2,552,643, a 232 per cent increase over the year earlier same quarter when Monarch Cement generated $769,860 in EBITDA. Monarch Cement has generated thirty-three consecutive quarters of positive EBITDA. However, for Monarch Cement’s twelve months ended March 31, 2004 EBITDA was $17,357,183, compared with $20,716,610, a 16.2 per cent decrease over the comparable year earlier twelve months. |
TPI gets green light to bid for partners21 May 2004, Published under Cement NewsBangkok Bank Plc (BBL), in its capacity as a creditor of the Thai Petrochemical Industry Plc (TPI), said it has no objections to a plan to bring in PTT Plc (PTT) and Siam Cement Plc (SCC) as TPI¹s partners, should the plan win the endorsement from the plan¹s administrators. ³My personal view is that the ideal partners for TPI should be the ones with expertise in the energy and petrochemical industries,² BBL¹s executive chairman Kosit Panpiemras said. |
Cement firm builds to meet demand21 May 2004, Published under Cement NewsTaiwan-based Chia Hsin Cement Greater China Holdings says it will complete a planned cement grinding mill and a new production line on schedule to meet surging demand for high-grade cement on the mainland. Chia Hsin Cement began expanding its cement grinding mill last August, and the expansion is expected to be completed by August this year, increasing capacity to 3.7 million tonnes a year. Chief executive officer Jason Chang said he is upbeat about the company’s business because Beijing’... |
Cement shortages posing threat to US construction boom20 May 2004, Published under Cement NewsThe construction boom in the United States faces a potentially serious new threat from cement shortages, which began a month ago in Florida and are spreading to other states. Florida’s shortfall has already forced contractors to lay off workers because they can’t get cement to make concrete for jobs. Other fast-growing states also depend to a great extent on imports, and industry officials note shortages in parts of South Carolina, Texas and Louisiana. Railroad backlogs in the Wester... |
Peruvian Cementos Pacasmayo net profit down to US$4.52m20 May 2004, Published under Cement NewsPeruvian cement producer Cementos Pacasmayo has posted a net profit of PEN15.74m (US$4.52m) for the first quarter of 2004, compared to PEN16.3m soles for the same quarter of 2003. Cementos Pacasmayo’s operating profit stood at PEN32.65m US$9.37m for the first quarter of 2004, compared to PEN25.9m (US$7.4m) for the same quarter of 2003. The company posted a revenue of PEN184.46m (US$52.93m) over the period, compared to PEN91.93m (US$26.4m) a year ago. Cementos Pacasmayo, which is... |