Cement News tagged under: international
Lafarge Titan Egyptian investments buys out Beni Suef Cement23 April 2004, Published under Cement NewsLafarge and Greek cement producer Titan have bought 100 per cent in Egyptian cement producer Beni Suef Cement through their 50/50 joint venture Lafarge Titan Egyptian Investments Limited (LTEIL). LTEIL bought the remaining five per cent it did not already own in Beni Suef Cement under a trilateral agreement worth E£21.3m (US$3.4m), with the company’s employee union and the Egyptian state-owned Mining and Refractories Holding Company. LTEIL purchased 1.65m shares at E£12.92 (US$2.1) per s... |
Cementos de Chihuahua income down, sales up 1Q23 April 2004, Published under Cement NewsMexican cement company Grupo Cementos de Chihuahua (GCC) reported MXP144m (US$12.7mn) in net income first quarter 2004, a 5.5 per cent slip YoY, while net sales inched up 1.6 per cent to MXP835m, the company announced. "At the end of the first quarter 2004, we increased cement prices in Mexico 4.5 per cent, expecting that this will be fully reflected in sales for the second quarter," GCC said. "We expected a rebound of the commercial and industrial construction sectors." First quarte... |
Siam Cement to post record 1Q profit23 April 2004, Published under Cement NewsSharp rises in petrochemical margins and continued growth in cement demand should boost the first quarter net profit of Thailand’s largest industrial conglomerate Siam Cement PCL (SCC.TH) to a record high. Siam Cement should also benefit from continued growth of the economy as its core products rely heavily on local consumption, analysts said. The government has set an economic growth target this year of 7-8 per cent. "We expect a record high profit for Siam Cement in the first qua... |
GACL increasing capacity of captive power to save costs23 April 2004, Published under Cement NewsGujarat Ambuja Cements (GACL) has embarked on an expansion of captive power capacity at its various plants. In what would be a cost saving exercise, the company has earmarked Rs 225 crore to set up 75mw of new captive power plants at its various units. Of this, 30mw capacity would be coming up at each of the cement plants at Punjab and Gujarat, while a 15mw captive plant would be set up at Ambuja Cement Eastern, an associate company. All these would be thermal power plants. This is expected ... |
Paraguayan INC needs $70m in investment23 April 2004, Published under Cement NewsParaguayan state-owned cement company INC needs a $70m (ERU59m) investment in modernisation and doubling its clinker capacity, according to INC president, Amilcar Troche, said. NC will allow private capital to enter the company because it needs to improve product quality and enhance competitiveness, he added. The modernisation project envisages installation of a modern mill and kiln in the plants in Vallemi, eastern Paraguay, and Villeta, western Paraguay. INC debt totalled PYG75bn (US$... |
Indonesia March domestic cement sales up eight per cent22 April 2004, Published under Cement NewsCement sales in Indonesia grew eight percent to 2.27Mt in March from a year earlier, the country’s largest cement maker, PT Semen Gresik Tbk, said. Gresik sold 1.19Mt of cement in March, including exports, up 21.2 per cent from the same month in 2003. Gresik is 25.5 percent owned by Cemex. State-run Gresik said its domestic cement sales in March rose 18.8 per cent from a year earlier to 1.04Mt. The company did not give any reason for the sharp increases. Some analysts have forecast do... |
Ssangyong reports 52 per cent surge in 1Q profit22 April 2004, Published under Cement NewsSsangyong Corp. said that its operating profit for the first quarter rose 52.36 per cent YoY to 8.6bn won (US$7.48m) on the back of self-rescue efforts and debt-for-equity swaps by its creditors. The trading unit of the Ssangyong Group said its first-quarter sales also rose 6.42 per cent to 324.4bn won, while its net profit grew 35.78 per cent to 5.5bn won. Ssangyong Group, once the nation’s sixth-largest conglomerate, has been reduced to a small business group with Ssangyong Cement,... |
Spanish cement demand rises 4.7 per cent in1Q22 April 2004, Published under Cement NewsDemand for cement in Spain rose 4.7 per cent YoY in the first quarter to 11.4Mt as the construction industry continued to expand, sector association Oficemen said. The association said demand would tend to stabilise over the next three years and would be supported by the new Socialist government’s pledge to make 180,000 homes a year available at affordable prices for Spanish families. A booming housing market has made it difficult for first-time buyers to get into the property market, pro... |
Thai Siam City Cement shuts unit after fire22 April 2004, Published under Cement NewsThailand’s second-biggest cement firm, Siam City Cement PCL said on it had shut one of its three plants after an explosion earlier this week that killed three workers. "We have to stop operations temporarily for security," said company spokesman Sataporn Phettongkum. A fire had sparked the explosion in the fuel filling system. The plant accounts for 29 per cent of the company’s total 12.5Mta capacity, but other plants could step up production, he said. The company was operating at ... |
Indonesia Semen Gresik 1Q cement sales rise 15 per cent on year21 April 2004, Published under Cement NewsPT Semen Gresik, an Indonesian cement maker, said its total cement sales in the first quarter of this year rose 15 per cent on year to 3.42Mt from 2.98Mt, mostly because of an increase in domestic sales. Semen Gresik’s domestic cement sales during the period rose 17 per cent to 3.02Mt, from 2.58t in the same period last year. Its cement exports, however, fell 0.4 per cent on year to 398,737t in the first quarter of 2003. Semen Gresik didn’t comment on its sales performance. Accordin... |