Cement News tagged under: international
Chia Hsin Cement27 April 2004, Published under Cement NewsChia Hsin Cement Greater China Holding Corp announced its major operating subsidiary delivered first-quarter 2004 net profit of CNY51.0m – nearly as much as it made in the entire first half of 2003. The unit, Chia Hsin Jingyang Cement Co., had net profit of US$6.80m in the first half of 2003. Chia Hsin Chairman Robert Wang cited China’s rapid economic growth and the 43 per cent increase in investment in fixed assets in the first quarter as the main drivers of the strong earnings re... |
Turkish Askale Cimento to export US$7.5m cement to Iran27 April 2004, Published under Cement NewsTurkish cement producer Askale Cimento Fabrikasi in Erzurum, eastern Turkey, has signed an agreement to export cement for US$7.5m to Iran. Under the agreement, the company has already shipped 5000t of cement to Iran and the figure will reach 150,000t in 2004. It is the first export deal of Askale Cimento. The company had increased capacity and carried out renovation works before starting exports. Total exports from Erzurum stood at US$8m in 2003, according to Askale Cimento director gener... |
Duna-Drava planning HUF5bn development27 April 2004, Published under Cement NewsCement producer Duna-Drava Cement Kft (DDC) is planning developments at its factory in Beremend (southern Hungary) that could total as much as HUF5bn, the company said. Duna-Drava is owned 50-50% by German firms HeidelbergCement and Schwenk Zement. The firm is currently considering several options for a modernisation program that would start in 2005, but it has not been decided yet whether this will mean the upgrading of existing production equipment, or buying new technology, said CEO Miklo... |
Melón to decide on new plant in September27 April 2004, Published under Cement NewsChilean cement company Empresas Melón will decide in September whether to build a new cement plant in Region VIII or a limestone plant in Region III, according to Melón finance director Joao Pereira, report local press. The cement plant would be built in the town of Coronel and cost some US$20m, and the limestone plant would be built in the town of Vallenar. Pereira, speaking at the company’s annual shareholders meeting, also said Melón would invest some US$10m this year in operational c... |
Argos to pull out of coal mining27 April 2004, Published under Cement NewsColombia’s leading cement producer, Grupo Argos, is to withdraw from coal mining as part of a strategic realignment of its core business, La República reported. Argos subsidiary Cementos del Caribe and its affiliate CI Carbones del Caribe, the third-largest Colombian mining company, have offered to sell the La Jagua coal mine and the Cerro Largo deposit in the northeast of the country. The La Jagua and Cerro Largo deposits have reserves of 130Mt, according to Argos. Argos is owned by co... |
Lasselberger concerns27 April 2004, Published under Cement NewsAustrian cement maker Lasselsberger said today it might scrap a plan to build a Kc2.5bn Czech plant unless all Czech cement works enjoy equal conditions. All cement works should comply with the strictest environmental limits, not only new buildings, its owner Josef Lasselsberger said. He added the company would rethink its investment in Stramberk if the Environment Ministry does not take steps against its rivals. Lasselsberger, which has invested EUR200m in the Czech Republic since ... |
Lafarge invests further in West China26 April 2004, Published under Cement NewsLafarge, plans to invest US$40m in southwestern China’s Chongqing Municipality, as part of its efforts to increase investment in the country’s underdeveloped west, which is rich in natural resources. This investment will add 1Mt of capacity to its Chongqing Lafarge Cement Plant, which now has an annual capacity of 800,000t, according to company sources. By 2005, when the second production line of the Chongqing plant is completed, Lafarge’s capacity in cement production in west China ... |
CRH not to raise Mashav stake26 April 2004, Published under Cement NewsIsraeli holding company Clal Industries and Investments Ltd said on Sunday Ireland’s CRH would not buy an additional 25 per cent stake in its subsidiary Mashav after talks ended. CRH already owns 25 per cent of Mashav and had an option to buy another 25 per cent. In December Clal, which owns 75 per cent of Mashav, said it was in talks with CRH to sell 25 per cent. Mashav’s holdings include Nesher, Israel’s cement monopoly. |
Eurocement produces1.3Mta of cement26 April 2004, Published under Cement NewsJSC Eurocement produced around 1.3Mt of cement in Jan-Mar 2004. The output of packed cement exceeded the 2003 figure by 14 per cent and reached 89,000t . JSC Maltsovsky Portlandcement produced 533,000t , in line with the 2003 level, taking into consideration the results of two Ural-based plants (JSC Nevyansky Cementnik and JSC Katavsky Cement) which belong to Eurocement affiliated structures. Ural-based plants made 1.55Mt in 1Q04, up 14 per cent versus the 2003 result, the press office of Eu... |
Cementos Lemona net attributable profit down 41 per cent26 April 2004, Published under Cement NewsSpanish cement producer Cementos Lemona posted a net attributable profit of EUR2.2m in the first quarter of 2004, a 41 per cent YoY decrease, the company reported to Spain’s stock market regulator CNMV The turnover decreased 9.4 per cent to EUR19.4m (US$22.9m). Cement sales totalled 157,498t, down 14.2 per cent. The decrease was mainly due to the unfavourable weather conditions, which delayed the construction works at production capacities of Cementos Lemona, the company said. |