Cement News tagged under: international
Gujarat Ambuja Q3 net profit zooms 106 per cent to Rs 145 Crore19 April 2004, Published under Cement NewsGujarat Ambuja Cements Ltd (GACL) has posted a 106 per cent rise in net profit for the third quarter ended 31 March 2004 at Rs 145.23 crore as against Rs 70.63 crore posted in third quarter of the previous fiscal. Turnover for the reporting quarter was up by 18 per cent at Rs 559.10 crore from Rs. 472.11 crore in the previous fiscal. Attributing the good performance to continuous cost reductions, high productivity and good prices, the company said its operating margin has gone up to 39 per c... |
Third point designated for cement exports19 April 2004, Published under Cement NewsThe ministry of commerce has allowed export of cement to Afghanistan through the third transit entry/exit point of Ghulam Khan under the Afghan Transit Trade Agreement (ATTA), a senior government official told Daily Times. “However, under the notification, except cement no other goods are allowed for export to Afghanistan through Ghulam Khan. This step has been taken on the request of the Kabul administration as Afghanistan government was very keen for trade through the Ghulam Khan to fac... |
Siam Cement (SCC): eExpected strong 1Q0419 April 2004, Published under Cement NewsSCC is expected to a post strong 1Q04 profit due to the continued growing economy and the upward cycle in the petrochemical industry. Domestic cement sales volume are expected to increase 15 per cent QoQ and 10 per cent YoY, on growing commercial and residential construction projects, while average selling price should remain steady at Bt1750-1800/t. Petrochemical prices rose strongly in 1Q04 due to high crude oil prices and strong demand from China. HDPE-Naphtha spread rose to above US$500... |
Cement shortage19 April 2004, Published under Cement NewsThe state of Florida is suffering a cement shortage and local construction companies are coming up empty – especially in their pockets. Tarmac, a cement, ready-mix concrete and concrete block facility with plants in Florida and Virginia to name a few, has had several recent power outages at their plants that have caused many building contractors and construction companies to lose business. Unfortunately, the shortage looks like it could last as long as a decade, according to a consultant an... |
Saudi Cement Co. net income up to US$25.33m in Q119 April 2004, Published under Cement NewsSaudi Cement Co reported that first-quarter net profit increase SR 5m (US$1.33m) to reach SR 95m (US$25.33m) from the same period a year earlier. The company, reported a 35.2 per cent increase in domestic sales to 987,000t of cement from 730,000t in 2003. The cement demand in Saudi Arabia is increasing due to the construction boom in the private and public sectors. |
Gresik says 2003 net up five per cent, excludes Padang unit16 April 2004, Published under Cement NewsIndonesia’s largest cement maker, PT Semen Gresik Tbk, said on Friday its 2003 net profit, excluding a unit it regained control in September, grew about five percent to IDR290bn (US$33.6m) from the previous year. The state-run company, 25.5 percent owned by Cemex, has been plagued by management trouble at the key PT Semen Padang unit. This has caused delays in filing audited results for 2002 and 2003. "The plan is to file the audited consolidated 2002 and 2003 financial results in J... |
Fortune Cement posts 2003 profits16 April 2004, Published under Cement NewsFortune Cement Corp. posted a consolidated net income of P158m in 2003, a turnaround from net losses of P3.54bn in 2002 and P1.44bn in 2001. Fortune Cement said the huge loss in 2002 was due to the recognition of asset impairment loss. Consolidated operating profit grew 89 per cent last year to P209m from P111m in 2002, citing operational efficiency and improved power and fuel consumption, among others. This, despite lower average selling prices and higher power and fuel prices. For... |
Holcim Romania 1Q04 turnover up 37 per cent16 April 2004, Published under Cement NewsHolcim Romania has registered a 37 percent YoY increase in turnover for the first quarter of 2004. The company posted a revenue of EUR11m (US$13.1m) for the first three months of 2004, compared to EUR8m in the same period last year, local daily Ziarul Financiar quoted Holcim Romania CEO Kurt Habersatter as saying. The increase in revenue was attributed to the expanding concrete business. A YoY increase in revenue of 5-6 per cent is expected for 2004, Habersatter added. Company offici... |
Taiwan Cement ties up with Conch15 April 2004, Published under Cement NewsDespite its late penetration of the mainland Chinese market, Taiwan Cement Corp, announced it would outpace rival Chia Hsin Cement Corp. and Asia Cement Corp. in the deployment in mainland China in 2008, when its annual mainland production capacity is set at 20Mt. To achieve that goal, Taiwan Cement will set up four joint-venture plants with the mainland¡†s largest cement producer Conch Group, which is now launching a massive production expansion project. Over the past few years, Taiwan ... |
Carib Cement posts results15 April 2004, Published under Cement NewsJamaica’s Caribbean Cement Company (Carib Cement) announced operating profits increased by 26.8 per cent to US$13.5m for 2003 compared to the previous year, the company announced. Sales declined 3.17 per cent to 605,400t, while revenues increased 9.3 per cent to US$66.5m compared to 2002. Pre-tax profits for the period were US$10.5m, a 20.2 per cent increase over 2002, while net profits increased to US$7.6m, representing a 19.9 per cent increase. "Today we are very happy to have 96 per... |