Cement News tagged under: international
Grasim to phase out all regional cement brands10 May 2004, Published under Cement NewsGrasim Industries Ltd of the Aditya Birla Group has decided to gradually phase out all regional cement brands. It will focus on consolidating its cement business with its three existing national brands-Birla Plus, Birla Super and Birla Ready Mix. The revamping is aimed at leveraging the company’s brand equity. Cement business accounted for 45 per cent of the revenues of GIL and 30 percent to the profit before interest, depreciation and tax in 2003-2004. |
New plant for Holcim Romania10 May 2004, Published under Cement NewsHolcim Romania officially inaugurated on Friday the most modern cement production line in Romania at Alesd plant, under a €70 million investment. The most ambitious investment plan of Holcim Romania was to fully refurbish and modernize the cement production at its Alesd plant having a capacity of 3000tpd of clinker per day. “The upgrade for the Alesd cement plant took 2.5 years under a Euro 70m investment and the investments we are making are a reflection of our aim for sustainable develo... |
Pakistan cement sales drop in April07 May 2004, Published under Cement NewsCement sales volume has dropped nine per cent in April compared with the past month to 1.28Mt, according to data released here Thursday by the All Pakistan Cement Manufacturers Association (APCMA). According to the data, the reason behind the fall is said to be Œseasonal decline¹ as the usage of cements in Northern Areas has shrunk coupled with less export also. But total cement dispatches during the current fiscal year (July-April 2004) has increased 16 percent to 11.1Mt. ³A reduction of... |
HeidelbergCement narrows net Q1 loss07 May 2004, Published under Cement NewsGerman building materials producer HeidelbergCement narrowed its net loss after minorities to Euro 58m for the first quarter of 2004 from Euro140m for the year-ago period, the company said on May 6, 2004. Operating loss fell to Euro 33m from Euro 112m, beating analysts’ forecast of Euro 60m. First-quarter sales rose 10.2 per cent year-on-year to Euro 1.347bn, boosted by the consolidation of Indonesian company Indocement, in which HeidelbergCement owns a 65 per cent stake. Indocement boost... |
Vietnam Cement Association to increase prices after Q207 May 2004, Published under Cement NewsThe Vietnam Cement Association (VCA) has made it clear that its members will be unable to maintain prices after the second quarter because of increasing input costs. For the moment, its members will maintain wholesale prices despite price increases in the retail market of 5-7 per cent. VCA’s president Nguyen Van Thien said members will hold wholesale prices at least for the next two months as cement stocks are high at 1.3Mt |
Romanian Carpatcement Sees 2004 Sales Rise07 May 2004, Published under Cement NewsRomania’s Carpatcement, a subsidiary of Germany’s cement producer HeidelbergCement, said on Thursday it expected its turnover to increase this year to some Euro 100m Euro 93.5m in 2003 due to a rise in construction activity in the country. "The expectations for 2004 are in line with the general growth trend of Romania’s economy and especially the growth in the construction sector between 4 and 5 per cent," the company said in a statement. The cement group said its turnover for January-M... |
New plant for Azerbaijan?07 May 2004, Published under Cement NewsWhile Garadagh Cement is planning to make its cement works larger, several overseas companies propose to build a new cement plant with the annual productivity of 1-1.5Mt in Azerbaijan, Azer-press learned from Minister for Economic Development of Azerbaijan Farhad Aliyev.. Speaking of Garadagh Cement, they plan to increase the annual productivity of their cement works from 1Mt to 1.4Mt. ’The idea to build a new cement plant is just an idea and is being only discussed yet. Mr Aliyev remarked. |
ACC bullish on India06 May 2004, Published under Cement NewsIndian cement major ACC is bullish on the growth prospects of the industry. It expects the industry “ to see higher growth in the year (april 2004-March 2005) due to increased emphasis on infrastructure development.” In its outlook statement issued soon after the results were announced the management has stated that with no new capacity addition in the pipeline, the demand – supply gap should narrow down and result in stable and remunerative cement prices. The outlook reflects the general bu... |
Angola to sell Encime stake06 May 2004, Published under Cement NewsThe Angolan Government decided on May 5, 2004 to sell to Portugal’s cement producer Secil 51 per cent of the Angolan cement plant Encime located in the port city of Lobito, northwestern Angola. The decision for the sale puts an end of the current contract for management between Secil and the Angolan government, and also regulates Angola’s debt to the Portuguese company. Secil entered the Angolan cement market in September 2000 after signing an agreement with the Angolan government to ru... |
PPC says half-year profit jumps06 May 2004, Published under Cement NewsStrong sales lifted half-year headline profit at South Africa’s Pretoria Portland Cement (PPC) by one third and full-year results were expected to be higher, the company said on Thursday. It said earnings per share before capital items in the six months to the end of March jumped 33 percent to 587.7 cents a share compared to 441 cents a year earlier. PPC said the strong results were mainly due to strong cement demand on the back of higher infrastructure spending and buoyant housing const... |