Cement News tagged under: international
Rioclaro profit at US$4.18m in 1Q0429 April 2004, Published under Cement NewsColombian cement manufacturer Cementos Rioclaro SA said on April 27, 2004 its net profit for the first quarter of 2004 totalled COP10.979bn US$4.179m, down from COP11.477bn (US$4.368m) for the first quarter of 2003. The company’s operating profit stood at COP40.903bn (US$15.57m) for the first quarter of 2004, compared to COP36.867bn (US$14.03m) for the first quarter of 2003. Cementos Rioclaro is a subsidiary of Colombia’s largest cement maker, Compania de Cemento Argos. Both compan... |
Henan to build cement production line29 April 2004, Published under Cement NewsSongji Group that is in Dengfeng City of Henan Province and the Hangzhou-based Jinjiang Group cooperatively invest CNY630m in building a power plant and a cement production line. The cement production line that produces cement with fly ash gets an investment of CNY 420m, of which Songji Group pours 60 per cent and Jinjiang Group 40 per cent. It is expected to be finished in 30 months. Once the production begins, it will have an annual capacity of 2.2Mt. The production value will hit CNY6... |
Gulf Cement 1Q04 net profit surges29 April 2004, Published under Cement NewsThe net profit of UAE cement maker Gulf Cement Company surged 364 per cent YoY to AED35.7m (US$9.7m) for the first quarter of 2004. The company’s sales rose to AED96.4m (US$26.2m) in the first three months of 2004 from AED54.1m (US$14.7m) in the same period of 2003. Assets increased to AED509.6m at end-March 2004 from AED473.4m at end-December 2003 and shareholders’ equity climbed to AED458.1m from AED422.4m. |
China’s Anhui Conch Q1 net profit surges on sales, prices; sees big rise in H128 April 2004, Published under Cement NewsAnhui Conch Cement Co, China’s leading cement producer, said its first quarter net profit surged 443 pct YoY to 443.20m yuan, on the back of strong sales and an average YoY price increase of 44.86 per cent for its products. The company expects a "substantial" YoY increase in net profit for the first half, on strong cement sales and price hikes. It also said the central government’s decision to curb irrational investment in some sectors, such as cement production, will strengthen the indu... |
Eagle Materials optimistic on outlook for volumes and prices28 April 2004, Published under Cement NewsEagle Materials, formerly Centex Construction Products, generated a turnover 17.1 per cent higher at US$502.6m for the year to the end of March 2004. The trading profit rose by 13.1 per cent to US$115.2m and the pre-tax profit emerged at US$102.1m, an increase of 17.9 per cent. On the back of a positive volume and price outlook, the group’s management expects strong growth in net profits for the current financial year. Cement is the main profit earner and contributed a trading profit o... |
Siam Cement posts record quarterly high28 April 2004, Published under Cement NewsSiam Cement has posted a record-high quarterly net profit for the first quarter this year, thanks to strong showings of most its core businesses, particularly petrochemical and cement. The company’s first quarter net profit surged to THB7.36bn from THB5.53bn a year earlier. Siam Cement should benefit from the country’s continued economic growth as its core products rely heavily on local consumption, analysts said. The government has set an economic growth target of 7-8 per cent this yea... |
Chia Hsin unit considering secondary share placement28 April 2004, Published under Cement NewsChia Hsin Cement Greater China Holding, a spin-off of Taiwan-listed Chia Hsin Cement, is considering a secondary placement in Hong Kong after raising US$54m at the height of the initial public offering frenzy late last year. Chairman Robert Wang said the company picked Hong Kong over an A-share listing because it was quicker and the market was more transparent and international than the mainland or Taiwanese exchanges. Mr Wang said seven to eight Taiwanese companies - in information tec... |
TPI Polene proposes new refinancing terms for US$ 1.1bn debt28 April 2004, Published under Cement NewsThai cement maker TPI Polene PCL has proposed new refinancing terms for its US$ 1.1bn debt, which will require a plan amendment, a legal adviser to the company’s creditors said. Lersak Kancvalskul, a lawyer at Clifford Chance Wirot Ltd., was speaking after TPI Polene’s mediation process in the Bankruptcy Court ended at creditors’ request. The court initiated the process last year to aid TPI Polene’s public share offering to repay part of its debt. With the success of the offering earlier th... |
Gresik investment cancelled28 April 2004, Published under Cement NewsPublicly listed cement producer PT Semen Gresik said it has decided to cancel a US$200m expansion plan in eastern Indonesia as the project is not feasible, according to local news reports. Management of the company earlier discussed a plan to build cement factories in Papua and East Nusatenggara. Regional administrations in Papua and East Nusatenggara have offered to provide locations having large deposits of limestone to feed the factories, but annual consumption of cement in the region... |
East African Portland Cement appointment28 April 2004, Published under Cement NewsMr Lerionka Ole Tiampati, the managing director of Kenya Tea Packers, was yesterday named the CEO at East Africa Portland Cement (EAPC) company. Trade and Industry minister Mukhisa Kituyi said the appointment was made after a rigorous executive search done with the help of PriceWaterhouseCoopers. Mr Tiampati takes-over from Mary Ngari, who has been the acting since Mr Emmuel Birya Charo was sacked late last year. The minister was speaking during a news briefing at his Nairobi office.... |