Cement News tagged under: international
Dangote cement claims forex savings06 May 2004, Published under Cement NewsNigeria: Dangote’s new cement manufacturing company currently under construction which is to commence production by next year, is billed to save the Federal Government over US$540m (in total), about N135billion, in foreign exchange for the country when it comes on stream. Group Finance Manager, Dangote Group, Alhaji, Tajudeen Sijuade stated at the 2004 Lagos Regional Flour Dealers¹ Forum organised by the company in Lagos, that the primary objective and target of the Dangote Group is to manuf... |
Chin Fon to expand cement production in Vietnam05 May 2004, Published under Cement NewsChin Fon Group will invest US$240 million to set up a second kiln at its Haiphong cement plant this year, according to Taiwanese news reports. The group is also considering launching a cement grinding plant in an industrial zone in southern Vietnam. Liu Chang-yi, president of Chin Fon Haiphong, said his company has obtained the approval from Vietnamese central government for the construction of the second kiln. If everything goes smoothly, the second kiln is expected to launch pilot product... |
Sharing the burden - Chinese style05 May 2004, Published under Cement NewsChinese cement maker Anhui Conch said it will pay up to 1.875bn yuan (HK$1.766bn) in freight charges from 2004 to 2006 to Shanghai Conch Logistics, a subsidiary of Anhui Conch’s parent. Under the agreement, Anhui Conch and the logistics unit will set fees and agency commissions for delivery of cement and clinker, coal ash, accessory materials and imported cement production equipment in line with fees approved by the Ministry of Transportation. However, Shanghai Conch Logistics said it may g... |
Turkish Nuh Cimento sells power plant05 May 2004, Published under Cement NewsTurkish cement and clinker producer Nuh Cimento sold its 36.5 MW power plant in Gebze, northwestern Turkey, for 35.5 trln Turkish lira ($24.5m) to energy company Nuh Enerji, both part of Nuh Group. The plant’s real estate was estimated at some 1.1 trln lira ($758,000). Nuh Cimento will add the funds raised from the sale to its capital, the company said on May 4, 2004. The plant was evaluated by Turkish real estate company TSKB Gayrimenkul Degerleme. The plant, built in 1998, started operat... |
Further restructuring to come at RMC04 May 2004, Published under Cement NewsThe RMC Group is expected to announce a further series of restructuring measures towards the end of June, when the current review of the new chief executive, Mr. David Munro, as well as negotiations over clinker supplies for the German market should have been completed. A successful conclusion of long term clinker and cement supplies in Germany should allow RMC to make a contribution to the reduction of considerable excess capacity in that country as well as reducing transport costs there. ... |
Cemex To Invest $100m in Mexico04 May 2004, Published under Cement NewsMexican cement producer Cementos Mexicanos SA (Cemex) will invest $100m in Mexico in 2004, out of the company’s $400m worldwide investments planned for 2004, Cemex president and general director, Lorenzo Zambrano, said recently. The investments will finance production upgrades, cheaper energy use and boosting the company’s plants efficiency. Cemex does not project any enlargement and acquisition projects. The company will continue using its cash flow to cut debt and improve its financial pro... |
Gujarat Ambuja looking for acquisitions04 May 2004, Published under Cement NewsGujarat Ambuja Cements will be scouring its own territories in the North and West regions of India for acquisitions, according to local reports. "Our penetration is deep in Gujarat, Maharashtra, Punjab and Rajasthan.. These are some of the wealthiest states of India," said Mr Anil Singhvi, Executive Director, Gujarat Ambuja Cements. "The per capita income of an area plays a very big role in demand for cement. As it is, per capita consumption of cement in these regions is also higher than the... |
India Associated Cement price rise likely04 May 2004, Published under Cement NewsAssociated Cement Companies Ltd (ACC), India’s second largest cement producer, is likely to raise prices this week due to strong demand, a senior executive told Dow Jones Newswires Tuesday. "Looking at the April sales performance of most companies, demand has been good...there is scope for a price rise," said the executive. However, he didn’t specify how much the hike was likely to be. Cement prices in Mumbai are currently at 155 rupees ($1=INR44.85) per 50 kilogram bag. The executive sai... |
Cementos Lima Q1 profits04 May 2004, Published under Cement NewsCementos Lima, Peru’s leading cement producer, has reported an increase in net profit of 3.6 per cent for the first quarter 2004 on net sales of 137mn soles (US$39.4m) compared to 132m in the same period in 2003, according to information filed with the Lima stock exchange (BVL). The company recorded net profit of 25.9mn soles for the period, up 3.9 per cent from 24.9m soles in 2003. Operating profit of 38.1m soles was down 0.3 per cent from 38.2m soles in 2003. Cementos Lima supplies ceme... |
Huaxin Cement commissions new line04 May 2004, Published under Cement NewsHuaxin Cement recently opened a clinker line in Weiyuankou, Yangxin county, Hubei province, central China, with a production capacity of 6000tpd. The line will increase the annual cement production capacity of Huaxin Cement by 2.5Mta generating 600 mln Chinese yuan ($72.5m) in annual sales and 60 mln yuan ($7.2m) in profit. Huaxin Cement has opened in recent years several clinker and cement plants in Wuhan, Yichang and Huangshi, all located on the Yantze river in Hubei; in Xiantao, near Wu... |